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Tekedia Startup Masterclass Shares Sample Documents on Founders’ Agreement, Equity Transfer Agreement, etc

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We have shared some documents in the Tekedia Startup Masterclass program. Among others, they include the following:

  • – Sample Business Concept Note/Investment Brief
  • – Sample Founders’ Agreement
  • – Sample Equity Transfer Agreement.

Please we’ve shared purely for academic purposes all the documents to help learners get to speed. As always, we expect you to review with your lawyer anything you are sending out.

“A Founders’ Agreement is a contract that a company’s founders enter into that governs their business relationships. The Agreement lays out the rights, responsibilities, liabilities, and obligations of each founder. ” We recommend that for any new company. The oral “trust” or “we agreed verbally” is not enough!

More Founders and young CEOs are choosing Tekedia Startup Masterclass as they build, picking critical tools and knowledge systems to turn ideas into great businesses. Join them here 

Contacts to Enroll into Tekedia Programs for Participants in India

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The amazing #India, we welcome you to Tekedia Mini-MBA. Extremely very excited for the responses which we are getting from schools, companies and learners. The team led by Asif Chowgule is available to answer all questions. I also want to thank specifically the recruitment agencies in India which are providing new vistas to prepare workforce of the future.

In India, to register for the next edition of Tekedia Mini-MBA or any Tekedia Institute program, please reach out to Asif. Just today alone, 50 joined – it looks really amazing.

Tekedia Institute prepares innovators, change makers,  professionals and students on the mechanics of market systems. Learners from 39 countries attend our programs.

Our Location: AICLEARN, Amir Building, Noorbaug, near JJ Hospital, Mumbai 400009. Phone: +91 9820 6666 12. Email: learn@aiclearn.com

Microsoft-Activision Deal Wipes $20bn Off Sony’s Shares in One Day

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Microsoft’s acquisition of Activision Blizzard is already causing disruption in the game market, with Sony Group Corp. suffering the first impact. The company’s shares fell 13% in Tokyo on Wednesday, their biggest drop since October 2008, following Microsoft’s announcement of the acquisition, Bloomberg reports.

Microsoft announced its acquisition of Activision Blizzard on Tuesday, in a $68.7 billion all-cash transaction. The deal sent vibration through the game industry as it paves way for Microsoft to lead the market.

Bloomberg reports below that the acquisition will put Sony in a difficult position, as it means the company will no longer lead the game market.

The blockbuster acquisition escalates Microsoft’s spending spree to secure intellectual property assets for its Xbox Game Pass service, wiping $20 billion off Sony’s valuation in a day. The push to attract paying subscribers with an overwhelming portfolio of games challenges Sony’s traditional console business model that relies on high-profile exclusive titles and hardware sales. Games and network services account for about 30% of Sony revenue.

Microsoft announced Tuesday that it has more than 25 million Game Pass subscribers and “will offer as many Activision Blizzard games as we can within Xbox Game Pass and PC Game Pass,” spanning both existing and new titles, according to Xbox chief Phil Spencer. Call of Duty, Diablo and World of Warcraft are among several highly successful franchises developed under the Activision Blizzard umbrella.

“Sony will have a monumental challenge on its hands to stand on its own in this war of attrition,” said Amir Anvarzadeh of Asymmetric Advisors. “With Call of Duty now most likely to be added exclusively to the Game Pass roster, the headwinds for Sony are only going to get tougher.”

Elsewhere across the games industry, publishers rallied in the wake of Microsoft’s announcement, with Capcom Co. and Square Enix Holdings Co. up by more than 3.7% in Tokyo. Analysts, including Jefferies’ Atul Goyal, saw the move as raising valuations for game companies with strong content and IP portfolios.

Sony has maintained a consistent lead in sales and exclusive games over Microsoft’s competing offerings across several PlayStation and Xbox generations. Now that its Redmond, Washington-based rival has signaled its determination to spend freely to close that gap, Sony will be under pressure to respond.

“Sony will struggle to match Microsoft in terms of money it can spend to buy popular game IP,” Morningstar Research analyst Kazunori Ito said. “Falling shares illustrate investors are worried that Sony may not be able to keep winning if indeed the industry shifts away from the hardware-based model.”

Never abandon the field because harvest is near!

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Never abandon the field because harvest is near!

There is time for everything because seasons come and seasons go. Time for planting, time for harvesting. To harvest, you certainly need to plant.

But that is not all: sometimes we plant, but yet abandon the field, before the harvest.

The past taught  the trade, and the future provides ways to profit from it. Do not give up in the middle. I used to beg for places to speak; today, my problem is how to respectfully decline invitations to speak!

Master the seasons, and understand there is harvest, after planting, if you do not abandon the field by nurturing it.

Mompha remanded in prison for failure to perfect bail

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Ismaila Mustapha aka Mompha the Instagram celebrity was arrested again and arraigned by the Economic and Financial Crimes Commission (EFCC) on 12th of January 2022 over his alleged involvement and participation in a N6 billion international fraud.

In the recent count-charges brought against him by the prosecutors of the EFCC, he was accused amongst other things; conspiracy to launder funds obtained through illegal activities, laundering of funds obtained through fraud, retention of funds obtained through unlawful act, use of property derived from criminal activities, forgery of documents and failure to fully disclose his assets and properties.

He was remanded in the custody of the EFCC after the 12th of January arraignment while his counsels applied for him to be granted bail. The case was adjourned to 18th of January 2022 for the hearing of his bail application.

On the 18th of January, 2022, he bail application was heard and the court granted him bail but his bail was conditioned upon him meeting some requirements, amongst which is providing the bail sum of N200 million and two individuals who must not worth less than N100 million naira, with landed properties and who must be resident within the jurisdiction of the court to stand as a surety for Mompha’s bail.

The court stated that the applicant should be remanded in a correctional facility pending when he perfects the bail conditions. Mompha was unable to meet up with his bail requirements and he opted that he be remanded in the Ikoyi prison pending when he perfects the bail.

The case has been adjourned to March 28, 29, and April 4, 5, and 6 for commencement of trial.