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How to Buy Gold in New World

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New World has emerged as one of the most popular and unique MMORPG games and coming from Amazon, it doesn’t even come as a surprise. New World comes packed with a ton of innovative content including a fully-driven economy, socializing and world-building features, and a lot more.

And while the release of the game was considered a massive success with millions of players actively participating in the game, what followed hasn’t been half as decent. But Amazon has been putting in days and nights to make things better for their players, especially getting the economy to its feet.

And if you are just starting out with a fresh copy of New World, getting that shiny gold is a must and to help you out, we have created a guide complete guide on how to buy gold in New World!

Why Do We Need to Buy Gold in New World?

Just like many other popular MMO games out there, having gold in New World opens up a ton of new opportunities in the game. New World might not be a pay-to-win game but it sure has a lot of uses for the gold in the game. First and foremost, you need to gold to make sure that you can move freely and quickly around the world, which makes it easier for you to level up and enjoy the game.

Then there are companies and settlements in the game, which are like a clan or guild. These guilds or clans have a central donating system that allows the company leaders to donate gold among the members of the company, which they can use to buy items and weapons to protect against attacks from invaders.

Of course, buying items and weapons surely is one of the main ways to survive in this game, and in order to buy anything, you will have to have some New World gold. There are many trading posts in the game, where the players can gather around and buy a variety of different items in the game, from potions to weapons and armors, there’s a ton of options to go about if you have gold.

These trading posts are mainly auction houses where you can grab something useful if you have the gold. Because the only other option that you have is to go out in the world, carry out quests, collect items or craft them with the collected resources. And that would take a lot of time. So if you want to save yourself some time, you will have to spend some gold at these auction houses or trading posts.

How to Get Gold? Buying vs Earning

So there are two ways in order to get your hands on gold in New World. The very first and the cheapest way to get some gold in New World is to earn it by carrying out quests, side quests, going out on expeditions, crafting and  selling those items for gold, and so on.

Now that might be the cheapest way to get gold in the game but it sure takes a lot of time and effort to do so. You could be spending days, trying to figure out the best ways to earn gold in the game and still have not as much gold as you’d want.

And the alternative to this is buying gold from other trusted marketplaces out there. Now we know that there are many marketplaces out there with different offers and benefits but finding a trusted marketplace can be a bit of a hassle. And to save you some time and trouble, we have done the research for you and found the best marketplace to purchase cheap New World Gold for a reasonable price, without any risks of fraud or scam.

Twitter Reveals That It Has No Intention To Layoff Workers

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Micro-blogging platform Twitter has disclosed that the company has no intention to lay off staff, but would continue to restructure the business as some organizational changes will take place as it heads into a legal battle with Tesla CEO Elon Musk over the potential sale of the platform.

This is coming after employees at the company expressed concerns after Elon Musk disclosed that when he takes over the company, he has a preference for cutting headcount moderation and other costs, decreasing content creation as well as limiting remote work.

However, the company revealed in May that it would pause hiring and review all existing job offers to determine whether an employee should be called back or not. Twitter CEO Parag Agrawal further revealed that Twitter is currently on hold from hiring and the company will also pause in spending in most areas.

In his words, “We are not planning company-wide layoffs, but leaders will continue making changes to their organizations to improve efficiencies as needed. Some have been asking why a lame-duck CEO would make these changes if we are getting acquired anyway. While I expect the deal to close, we need to be prepared for all scenarios and always do what is right for Twitter”. 

Last month, the company revealed its plans to retain employees by offering them packages. It however disclosed that it is losing workers at a slightly higher rate than in normal economic times. The company further disclosed its plan to monitor employee turnover to ensure that they quickly take care of areas that call for concern, and help mitigate the problem where possible.

As Twitter heads into a legal battle with Elon Musk, in its lawsuit tendered at the Delaware Chancery Court, the company asserts that Musk refused to honor his obligations to Twitter and its stockholders because he signed a deal that no longer suits his interest.

Recall that part of Elon Musk’s argument for opting out of the deal was that Twitter breached the agreement when it laid-off two of its top managers and also laid off a third of its talent acquisition team.

However, in its lawsuit, Twitter disclosed that communications from Musk started shortly after the deal was signed showing his concerns about headcount, expense growth, and his desire for more aggressive cost-cutting.

The company revealed that Musk refused to approve or even discuss the company’s proposed retention programs for key employees. However, as the matter is currently in court, there are still doubts as to whether Musk will eventually take over the micro-blogging platform.

Employees at the company are worried about the whole scenario due to Musk’s plan to cut headcount and limit remote work in the company. Recall that Musk had earlier disclosed that any cost exceeding Twitter’s revenue is not a good situation and so he will be forced to do some rationalization of headcount and expenses to have revenue greater than cost.

The future of employees at Twitter however remains uncertain despite the CEO assuring them of no intention to lay off staff members. He however assured them that no lay-off will happen at this time although  he can’t tell the direction Elon Musk would go if he eventually decides to take over the company.

Egypt’s SWVL Boosts Global Expansion with The Acquisition of Mexican Urbvan

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Egypt’s mobility startup SWVL has continued with its acquisition spree across the globe with an announcement that it has reached a definitive agreement to acquire Mexico-based Urbvan Mobility Ltd (“Urbvan”), a shared mobility platform that provides tech-enabled transportation services to Latin America’s second-largest country by population.

Swvl offers intercity, intracity, B2B and B2G transportation across 135 cities in 20 countries. The Company’s platform provides complimentary semi-private alternatives to public transportation for individuals who cannot access or afford private options.

“We are excited to partner with Swvl as we work to illustrate best practices for tech-optimized day-to-day travel in Mexico. This transaction positions Urbvan to leverage Swvl’s global offerings to scale the platform both within the region and beyond. We look forward to using our combined capabilities to provide safe, efficient, and affordable shared mobility options across the world,” Renato Picard, Urbvan Co-Founder and Co-CEO said.

With its easy to use mobility app, Swvl provides private vehicles, including buses and vans powered by varied payment options.

On the other hand, Urbvan provides tech-enabled transportation services that aim to improve both qualities of life and safety standards of bus travel across vast geographical distances. Integrating mobility patterns with a shared vehicle aggregator platform, Swvl’s acquisition of Urbvan provides an excellent opportunity to accelerate Swvl’s mission to provide safer, faster, smarter, and more affordable mass transport for everyone no matter where they live.

Founded in 2016, UrbVan operates in 18 cities across Mexico with solutions for urban routes, intercity routes, for private organizations and for private on-demand needs. What the two companies have in common is their commitment to provide affordable, efficient transportation options free of harassment and other unsafe conditions.

“Urbvan was founded on the same principles as Swvl: to address the inefficiencies found in traditional mass transit in many parts of the world. With a significant footprint in Mexico, an impressive suite of Transport as a Service (TaaS) offerings, and strong relationships with local government players, this acquisition reinforces Swvl’s position as a leading provider of safer and more reliable mobility solutions which are required for vulnerable people living in densely populated, challenging markets with vast geographies,” Mostafa Kandil, Swvl Founder and CEO, said.

For Swvl, UrbVan’s acquisition is a big addition to its goal to increase its global footprint to 135 cities in 20 countries.

The company acquired Viapool in 2021 to expand its market into Argentina and Chile. In April 2022, it did a double – acquiring Volt lines to penetrate the Turkish market and also reached an agreement a few days later to acquire UK-based mobility startup, Zeelo for $100 million.

Urbvan offers a complimentary suite of TaaS mobility solutions with high growth potential. The company has over 450,000 registered users and over 9m tickets sold to date and a B2B client base of over 80 organizations, including large multinational companies.

With focus on densely populated areas, UrbVan has 27 anchor routes in México City. The company has recorded 138% revenue CAGR since 2017.

“The acquisition of Urbvan contributes towards all the key objectives of our recently announced portfolio optimization plan: opportunity to enhance margins, turn cash flow positive in 2023, focus on high profitability segments TaaS and SaaS, expand in higher ticket fare markets and extract more value from our proprietary technology stack. Today’s announcement reinforces Swvl’s commitment to back regional champions in the mobility space,” Youssef Salem, Swvl CFO said.

The acquisition is expected to be completed in Q3 2022.

Agility in Workplaces – 7pm WAT Today

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How do you build agility in the workplace? Like the damp-proof course (DPC) in civil engineering, agile firms must have a solid foundation that powers 4 critical pillars. I will explain those elements. Join us at the temple where innovators and project champions master the mechanics of business. Let’s meet in class; Zoom link in the Board. 

Tekedia Mini-MBA – registration for the next edition is ongoing. Register here.

How to Secure funding in Nigeria from Venture Capitalists and Angel Investors

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Fund, money cash dollar

In my previous article on this subject matter, I named certain means of raising Investment, Seed and Working funding in Nigeria and got in response feedback mostly on the topic of Venture Capitalists & Angel Investors, something I have touched on in previous articles. 

But most of these feedback enquiries came with some misconceptions about how Venture Capitalists or Angel Investors work or the Regulatory Framework governing the raising of funds through these means. It also came to my notice that many investment platforms operating do so without any idea of the legal framework governing Investment of such nature in Nigeria as well. 

As a result, this supplementary article aims to provide some clarification on:- 

  1. What Venture Capitalists are and how they work along with their pros & cons. 
  2. Who Angel Investors and the Legal implications of how they work in Nigeria. 
  3. The legal safeguards to be adopted by entrepreneurs seeking Venture Capitalist & Angel Investor funding. 

What is a Venture Capitalist

A Venture Capitalist or VC is a firm of licensed Professional Managers specializing in providing early stage financing or start-ups or new companies seeking quick growth and is a profit seeking vehicle by entrepreneurs who have the objective of profiting(usually in the long run) from providing funding for start-ups mostly. 

Are Venture Capitalists firms required to be licensed in Nigeria

Yes, Venture Capitalists are required to be registered and licensed by the Securities & Exchange Commission. 

What are the Legal implications of obtaining financing from offshore or overseas venture capitalists

This is a growing topic of legal discussion in certain quarters. Offshore Venture Capitalists tend to feature most prominently in Tech start-ups and usually emerge as seed funding or round-based funding specialists hoping to profit on corporate acquisitions. 

It is illegal according to SEC rules to operate as an unlicensed Venture Capitalist in Nigeria. 

Okay, in that case how can overseas funding be routed without being legally defined as Venture Capital

Offshore Venture Capitalists seeking to operate in Nigeria can do so legally as Foreign Portfolio Investors (with their Investments to be registered with SEC and given certificates of Capital Importation) or they can directly register a company structure dedicated to funding start-ups under Convertible Debt or outright Equity purchases.

They can also work through individual proxies, usually experienced professionals appointed to operate as Angel Investors. 

Who is an Angel Investor

This is simply an individual who makes available capital funding for a business or start-up, usually in exchange for convertible debt or ownership equity in the business. 

How exactly do Venture Capitalists differ from Angel Investors? 

The two types of investors differ mainly in the sense that Venture Capitalists are usually Professional Fund Managers investing money belonging to other people like High Net Worth Individuals, Insurance Companies or Pension Fund Managers while Angel Investors are usually individuals investing their own money through their personal structure. 

Also, Angel Investors in Nigeria do not need any licensing unlike Venture Capitalist firms. 

What are the typical stages of Venture Capitalism? How do their funding arrangements come to an end

Venture Capitalists usually go through the stages of Fundraising, Investment, monitoring/Value enhancement & then exit. 

What are the pros and cons of using both Venture Capitalists and Angel Investors in Nigeria

Pros 

– They both provide easier private funding alternatives for start-ups as against traditional bank loans; 

– They sometimes come with value additions such as business coaching and mentorship; 

– They share the risks of business along with their start-up funding subjects and demand no extra or continuous liabilities in the event of business losses and even bankruptcy; 

– They serve as a very quick step to exponential business growth for start-ups. 

Cons 

– Venture Capitalists and Angel Investors are responsible for some of the most rampant cases of founding shareholder dilution ( company takeovers). 

– Venture Capitalists and Angel Investors are not particularly quick or easy to access and a funding application can take months. 

– Venture Capitalists and Angel Investors are also responsible for some of the most rampant cases of intellectual property hijackings, sometimes converting business ideas they initially rejected into major profits. 

– Venture Capitalists and Angel Investors sometimes seek to exert operational control over the businesses they lead, leading to the stifling of entrepreneurial and business management creativity. 

So what are the necessary safeguard measures I need to take as a start-up seeking funding

These are the following measures you should take, some of them i  already mentioned in my previous article on this subject matter :- 

  1. Always hire a company promoter, preferably, a lawyer to represent you to the extent of providing legal guidance and documenting initial funding applications. 
  2. Always have a non-disclosure agreement in place for your business idea and if possible, a registered Copyright, Trademark or Patent on your product/service offering. 
  3. Always have a registered company through which you can have an equity structure to bargain with. 
  4. Always offer first, preferably, convertible debt instruments as against equity when seeking funding. 
  5. Always upwardly review your company’s share structure  in your favour whenever you receive Venture Capitalist or Angel Funding. 
  6. Ensure that you have a Shareholder’s Agreement written before seeking funding. 
  7. Seek constant legal advice on the nature of funding via Private placement which typically covers Angel Investors and Venture Capitalists. 

Conclusion:- It is my hope going forward that this supplementary write-up will provide some clarity regarding previous enquiries seeking further advice on the nature of Venture Capitalist & Angel Funding, especially from Offshore sources, gaining ground especially in Nigeria’s Tech Industry.