He graduated from UNN with BSc Computer Science in 2017. His name in college was Blockchain Oracle. He moved to Lagos and built an amazing company that employed tens of people. Then Nigeria put a switch – cryptocurrency is a financial sin – and switched off the opportunity. That week, he relocated to Dubai – and they gave him everything!

Last quarter, he acquired a small UK company and bought the IP of another one in Mauritius. His company enables companies and people to move money across countries at zero fee, using blockchain.

As a shareholder in his business, the hometown boy of Isuikwuto Abia State is amazing. Nigeria cannot make people like Franklin Peters Odoemenam uncomfortable with senseless bans when what we need is smart regulation.

Please download Boundlesspay https://boundlesspay.com/ and experience freedom on moving money. BD has been recognized as one of the finest fintechs in Dubai and hometown guy is congregating with the legends. I have told him, come back to Isuikwuato with a “unicorn” and the elders will anoint him in the village square. Unicorn is the new leopard young people must kill to go to the ikoro**!

*startups worth at least $1billion.

** In Igbo Nation, killing a leopard qualifies one to enter the ikoro, the huge wooden drum that could be the size of a room. Chinua Achebe described it in many of his works, illustrating a time of urgency or uncommon events. For example, every wrestling match would begin with the ikoro summoning the village to the square. Franklin does not need to kill a leopard, he needs to bring home the “unicorn” and we will anoint him.

Failure: learn from it as it falls to the feet. Step on it and RISE. Never put your “head” on a falling “object” as it can crunch!

In business, I’ve noticed two types of individuals. The first group make mistakes, but they quickly learn, forgiving themselves, and putting those experiences under their feet, and then leap on them to RISE.

The second group also makes mistakes – we’re all humans – but unlike the first group, they never forgive themselves. They put the mistakes on their heads, and unfortunately, get overwhelmed.

For all great autobiographies with many victories, remember one thing: editors edit out failures which make those amazing stories because having them will take all the space.

Failure is a subset of success because in any success, there is failure. The key is what happens when you meet failure: put it under the feet or carry on the head; your choice.

LinkedIn Comment on Feed

Failure, or rather, Mistakes, whether born of Ignorance or Denial, is a human quality. It’s only human to err.

It’s not a question of whether you will err, it’s rather about what you do after you have erred. The single biggest mistake we are all often guilty of is always managing for success instead of “failure” as failure is more prevalent than success. What we do after we have erred can either make or mar the game. Do we Iterate and keep playing, or do we simply Capitulate just because we erred? Stuff like this isn’t taught in schools. Schools teach us to be perfect humans who don’t make mistakes.

There’s nothing like Failure, only Defeat. It’s only over when you advertently or inadvertently say that it is. The game of life is Infinite, meaning, the rules are not all predefined. We make them as we go.

There are two things in this world that has the capacity to Defeat you, those are your Ignorance and your Denials. So, long as you continue to accumulate capabilities that allows you to iterate ahead or after a mistake, you will be fine. This is why Startups are the best things to happen to Innovation, they’re masters of Iteration.

Greetings. Welcome to another brief from Tekedia Institute. Our lesson today is on the mission of firms and why we need to have companies. In this video, I explain deeper.

The general thought about raising funds is that the founder has to be sufficiently impressed before he can raise funds. Most founders think you need to have an excellent product that already has market acceptability. Some others think it is impossible to raise funds if you do not have a credit score, financial records, or tangible assets. Nothing could be farther from the truth.

I recently prepared a course on a reverse funding strategy for startup founders, and the course summarizes that you can raise funds for your business, from day 1. Yes, it is possible to raise funds from your business even without any credit score, financial records, or tangible assets.

To access funds from day 1 of your business, you are trying to get your investors to believe that the business will be worth their money even though you have not even gotten the product into the market. Product or no product, the first thing you want your investors to know is that you have access to demands.

Demand here is the number of goods that customers are willing and able to buy, and for you to use the reverse funding strategy, you need to be able to harness the demand. You should create a market, or at least establish before potential investors that you have a market for the product, and use that market to raise money.

 Another thing that will be very important for you if you are trying to raise funds from day 1 is your brand and network. You need to have a good brand online and offline. Also, have a good social network and network with the right people.

Let people who need your product know what you are doing (this is part of your market demand by the way). Offline, get to relate and associate with people that matter in your industry. Identify the clusters where the demand for the product or solution you have is. Use the relationship and brand visibility you have built to communicate with them. Get your demand to a point where you can convert it to a financial instrument.

You are also going to need a lot of goodwill and this comes from networking with the right circle. Being able to convince the financier that you have the capability and capacity to deliver the service or product, is a function of the brand you have built online and offline. Every post, every interaction, every engagement online matters and is part of your brand. As you veer further into the waters of entrepreneurship, you will come to see that in fact, your reputation and brand is the first basis on which your business proposition will be considered before it gets a reputation of its own.

If the startup has been around for some months, it is also helpful if you have delivered a product that matches your customer needs and is already being adopted at a steadily increasing rate. It does not matter how small the growth is, provided that it is steady. Say for instance, if your customer, client, or users are increasing by 5% weekly consistently for more than 12 weeks. This is impressive, if for nothing else, for its consistency.

If your startup has had some months of operation before you seek to raise the funds, a big plus on your side would be a possible contract or partnership with established and big brands. For instance, if you are about to, or have just launched your solution and can get an established brand to join your waiting list or your first customers, you will enjoy some stretch of their reputation. This in itself can become a financial instrument.

There are more details of this funding strategy in the course.