wazua Thu, Mar 19, 2026
Welcome Guest Search | Active Topics | Log In

4 Pages<1234>
Season 1- KCB Lions Den
Options
Previous Topic · Next Topic
masukuma
#11 Posted : Tuesday, October 11, 2016 11:49:03 AM
Rank: Elder

Joined: 10/4/2006
Posts: 13,823
Location: Nairobi
hamburglar wrote:
They need to get serious investors on the show. You can't have someone asking for 50% of the company for an investment of 100k. That's just absurd. Other than that Chandaria dude (daddy's money), none of those investors have deep enough pockets to make worthwhile deals. This show will fizzle out soon because people want to see real deals. As soon as that one guy asked for a 50 million investment I knew he wouldn't get it because that amount might be one of the investor's whole net worth. Lol. Get the Kirubis, Vimal Shahs, Jimnah Mbarus and people like that who have the capability of dropping 100m on a great idea and maybe it will elicit more excitement. These lions are wannabes.

caught it midway and found this character... i giggled internally.... 50M???? KES? for what? 10% of the company? then you send the bizDev guy? I thought they were not serious but i remembered something... there are guys who go to these places to catch eye balls - they know they won't get the deal - THEY DON'T WANT THE DEAL. they want to catch the eyeballs of the viewers. I have forgotten the word akina Cuban use for that kind of play.
All Mushrooms are edible! Some Mushroom are only edible ONCE!
Back to top
  |
alma1
#12 Posted : Tuesday, October 11, 2016 12:04:57 PM
Rank: Elder

Joined: 9/19/2015
Posts: 2,871
Location: hapo
I am all for this show.

But

The producers have to be serious. I guess we are going to get all sorts of characters in this show. From those who don't even have a product to those that want publicity as Masukuma said.

For us to get serious businesses showing up, the producers do have to be serious about their show.

For example, get rid of calling it KCB anything. Otherwise it starts sounding like one of KCB's products. And we all know how fogothari they are. Just like the original shark tank, let no one play around with your idea. Otherwise next year we shall have Equity Shark Tank and Citizen Fish Tank.

Second, please get REAL investors. It's true, the only investor up there is Rabar. The rest are just promoting their businesses. It's as if they got fellows from their drinking clubs to show up. "Hey, would you like to be a shark? Ohh, sure!"

Producers should also vet the entrants. I wonder if its true that the entrants had to first get a KCB account. Please say its not true. A guy asking for 1k dollars is not a business, that's an idea. Kind of what I do with failing websites. lol

And please get these fellows asking questions. Not telling us that it doesn't look good. To whom? I wondered why they did not interrogate the paper fellow. He had revenues of 50m per year. Sure his product was not perfect, but that's the whole reason for a VC...Or are these fellows trying to change what VC means.

If the producers do not get their act together in the second season, this will end up like vioja mahakamani.

But I'm happy to see the VC market opening up in this country. A lot of young people have great ideas but no visibility. Great start but terrible cast of sharks. I wouldn't pitch to those fellows my Tomato greenhouse.
Thieves are not good people. Tumeelewana?
Back to top
  |
sitaki.kujulikana
#13 Posted : Tuesday, October 11, 2016 12:20:45 PM
Rank: Veteran

Joined: 8/25/2012
Posts: 1,826
hamburglar wrote:
They need to get serious investors on the show. You can't have someone asking for 50% of the company for an investment of 100k. That's just absurd. Other than that Chandaria dude (daddy's money), none of those investors have deep enough pockets to make worthwhile deals. This show will fizzle out soon because people want to see real deals. As soon as that one guy asked for a 50 million investment I knew he wouldn't get it because that amount might be one of the investor's whole net worth. Lol. Get the Kirubis, Vimal Shahs, Jimnah Mbarus and people like that who have the capability of dropping 100m on a great idea and maybe it will elicit more excitement. These lions are wannabes.

Laughing out loudly wacha za below mbelt Laughing out loudly
we are not a risk taking people, and failure is looked at with utter contempt, our billionaires or our half billionaires are busy buying up land in tatu and some plots huko ngamia 1 and 2, the others are busy thinking about financial institution pyramid schemes to milk the poor.

But as someone has put it, this ka funding thing is starting to show up, and it can only be a good thing going forward
Back to top
  |
2012
#14 Posted : Thursday, October 13, 2016 5:15:29 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Very true, these sharks have no teeth but the idea, though a franchise or copy of the Dragon's Den is brilliant.
I agree with @alama, this mambo of opening accounts is nonsense but struggling NTV can't pull this without a sponsor. I would close that account immediately after.
I like the Chandaria guy,he's very objective and realistic.

BBI will solve it :)
Back to top
  |
Mike Ock
#15 Posted : Thursday, October 13, 2016 7:32:47 PM
Rank: Member

Joined: 1/22/2015
Posts: 682
masukuma wrote:
hamburglar wrote:
They need to get serious investors on the show. You can't have someone asking for 50% of the company for an investment of 100k. That's just absurd. Other than that Chandaria dude (daddy's money), none of those investors have deep enough pockets to make worthwhile deals. This show will fizzle out soon because people want to see real deals. As soon as that one guy asked for a 50 million investment I knew he wouldn't get it because that amount might be one of the investor's whole net worth. Lol. Get the Kirubis, Vimal Shahs, Jimnah Mbarus and people like that who have the capability of dropping 100m on a great idea and maybe it will elicit more excitement. These lions are wannabes.

caught it midway and found this character... i giggled internally.... 50M???? KES? for what? 10% of the company? then you send the bizDev guy? I thought they were not serious but i remembered something... there are guys who go to these places to catch eye balls - they know they won't get the deal - THEY DON'T WANT THE DEAL. they want to catch the eyeballs of the viewers. I have forgotten the word akina Cuban use for that kind of play.


I beg to differ. That Echo Mobile guy actually had a very reasonable deal on the table. The biz grew by 150% in a year to 100m turnover, and he offered 50m for 25%(total value 250m). Very reasonable deal, and I'm sure if he keeps looking amongst serious VCs he'll scoop a deal within the year. The issue was not with him. The issue was, as hamburglar said, that these Lions are not heavy hitters. Only Kris and Myke are seasoned veterans in business with deep pockets. Darshan, while he has the might of daddy's money behind him, is still a newbie in the business world. Olive and Wandia are babies who have been in business barely three years, pengine it's the sponsors footing the bill for them. Unfortunately I think it's hard to get the real kahunas of Kenya to come on such a show. Their wealth is usually tainted and thus they shun publicity. I'm also not sure KCB would want to be associated with some of them.
Back to top
WWW
  |
kaka2za
#16 Posted : Thursday, October 13, 2016 8:50:12 PM
Rank: Elder

Joined: 10/3/2008
Posts: 4,058
Location: Gwitu
Very few of the deals struck during Shark tank come good. Most are dropped after due diligence.
Truth forever on the scaffold
Wrong forever on the throne
(James Russell Rowell)
Back to top
  |
masukuma
#17 Posted : Thursday, October 13, 2016 9:18:43 PM
Rank: Elder

Joined: 10/4/2006
Posts: 13,823
Location: Nairobi
Mike Ock wrote:
masukuma wrote:
hamburglar wrote:
They need to get serious investors on the show. You can't have someone asking for 50% of the company for an investment of 100k. That's just absurd. Other than that Chandaria dude (daddy's money), none of those investors have deep enough pockets to make worthwhile deals. This show will fizzle out soon because people want to see real deals. As soon as that one guy asked for a 50 million investment I knew he wouldn't get it because that amount might be one of the investor's whole net worth. Lol. Get the Kirubis, Vimal Shahs, Jimnah Mbarus and people like that who have the capability of dropping 100m on a great idea and maybe it will elicit more excitement. These lions are wannabes.

caught it midway and found this character... i giggled internally.... 50M???? KES? for what? 10% of the company? then you send the bizDev guy? I thought they were not serious but i remembered something... there are guys who go to these places to catch eye balls - they know they won't get the deal - THEY DON'T WANT THE DEAL. they want to catch the eyeballs of the viewers. I have forgotten the word akina Cuban use for that kind of play.


I beg to differ. That Echo Mobile guy actually had a very reasonable deal on the table. The biz grew by 150% in a year to 100m turnover, and he offered 50m for 25%(total value 250m). Very reasonable deal, and I'm sure if he keeps looking amongst serious VCs he'll scoop a deal within the year. The issue was not with him. The issue was, as hamburglar said, that these Lions are not heavy hitters. Only Kris and Myke are seasoned veterans in business with deep pockets. Darshan, while he has the might of daddy's money behind him, is still a newbie in the business world. Olive and Wandia are babies who have been in business barely three years, pengine it's the sponsors footing the bill for them. Unfortunately I think it's hard to get the real kahunas of Kenya to come on such a show. Their wealth is usually tainted and thus they shun publicity. I'm also not sure KCB would want to be associated with some of them.

what i think made me suspicious was THEY SENT A BIZ DEV GUY!! not the founder... an employee... the sales guy? They are fishing for eye balls!
All Mushrooms are edible! Some Mushroom are only edible ONCE!
Back to top
  |
marko
#18 Posted : Saturday, October 15, 2016 6:59:03 AM
Rank: Member

Joined: 1/7/2007
Posts: 838
kaka2za wrote:
Very few of the deals struck during Shark tank come good. Most are dropped after due diligence.


Are you sure?
WHO DARES WINS
Back to top
  |
kaka2za
#19 Posted : Saturday, October 15, 2016 11:46:26 AM
Rank: Elder

Joined: 10/3/2008
Posts: 4,058
Location: Gwitu
marko wrote:
kaka2za wrote:
Very few of the deals struck during Shark tank come good. Most are dropped after due diligence.


Are you sure?



The handshake is not the deal.
Many deals struck on the show actually fall apart. Once the handshake is over, the real negotiating begins.

http://www.bloomberg.com...rds-of-deals-fall-apart

http://qz.com/696123/sha...yths-about-the-hit-show/
Truth forever on the scaffold
Wrong forever on the throne
(James Russell Rowell)
Back to top
  | | Edit by user: Saturday, October 15, 2016 11:56 AM | Reason: Not specified
washiku
#20 Posted : Saturday, October 15, 2016 3:22:54 PM
Rank: Chief

Joined: 5/9/2007
Posts: 13,095
Back to top
  |
4 Pages<1234>
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Club SK Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.