How Can You Raise $1 Billion in Financing for Your Startup?

So you’ve started your business and now you’re urgently in need of $1 billion in financing for your business or project; then what do you do and where do you go to get it?

There are a few simple and easy steps on how to do it fast without breaking your back, which are;

  • “Personable” – use the social media to market yourself and by doing so, be sure to be real, be open, be smart.
  • “Brag branding” – use the social media to brag about your project but do so without spamming your audience.
  • “Value and excitement”- your project must offer value that can excite your potential investor’s appetite.
  • “Culture”- more and more people have money which they want to put it to work, but they will never fund you if they don’t know you, if they don’t trust you, and if they don’t have faith in you. This is where your personal characteristic comes in to play; which your past may define your present value but depends on how you present yourself, it may not hinder you realize future potential.

Simply by doing the above may help you attract potential financiers for your project; it’s always better when they come to you and offer to invest in your project, instead of you going to them.

We’re securing $1.7 billion for our 900 MW CCGT power plant as well as our other industrial projects within the Groot Group ecosystem and we have attracted some of the world’s largest and leading financial institutions and private super-net worth individuals.

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How to Build a $10 Billion Company in 3 Years?

How do you build a $10 billion industrial, non-tech, company in just 3 years in today’s fiercely competitive global market economy?

The formula is simple; do something completely out of the box; something that has never been done before or just take an existing one and improve it to perfection, but do not be afraid of being ridiculed.

Stay focused, determined, hungry and foolish; foolish that you listen to no one who tells you that your idea will never work; remain resilient and passionate about your idea. Listen to their advice and criticism to help you improve your foolishness, but don’t get discouraged; just stay focused and dead thirsty to realize your dream.

Pray nonstop; ask God for wisdom, knowledge and understanding on how to make your dream the best product in your industry; be faithful and hopeful through obedience.

No one else will do it better than yourself, and if you need assistance, get the best expert to do it for you, but work hand-in-hand with him. You have the vision of how you want it to be, so make it to be better than anything else in the market, and think about its short and long term impacts and effects while you develop it.

Take the risk and accept every shameful and ridiculous thing thrown at you without you losing your cool. Keep doing your thing while they’re mocking you, but in the end, you’d be the one laughing on your way to the bank.

Then later, they’re the first one in line with proposals looking for cash donations from you for their vague and silly nonprofit programs, because that’s their only way to scavenge for cash to fund their personal livelihood.

Never forget those who have helped you realize your dream; do good for them as much as they did for you; but remember those who were laughing and mocking at you but never pity to give them anything. Be vengeful!

Yup, Groot Group‘s valuation is at US$10+ billion, and this is just from the two projects; the steel mill and the power plant.

A privately held startup company, Groot Group has 58 more projects to develop to create sustainable employment opportunities of more than 500,000 direct and indirect new jobs in Namibia.

Groot Group is an entrepreneurial driven company, based on the concept that entrepreneurship, innovation and leadership are the ingredient driving factors for improving, developing and rapidly growing an economy of any country in the world.

At Groot Group, we strongly believe that the government provides security, resources, tools, and procedures for entrepreneurs to start and grow their businesses, but it’s not the responsibility of the government to venture into entrepreneurship.

Innovations (businesses) by entrepreneurs provide the financial support in forms of taxes, levies, and tariffs imposed on sales, imports and exports by the government for the government to meet its operational and social economic programs.

Also employment creation depends on entrepreneurs who develop innovations and establishing businesses that employ qualified and available candidates within the economy.

However, if the government does the opposite; tries to venture out into establishing businesses that directly or indirectly compete with private businesses, then what will happen is a non-optimal functioning, stagnant economy. And we see this a lot in African countries.

History tells us that there has never been a government-owned business anywhere that has been profitable and at the same time; offering the most efficient and best products or customer care in the world. Only the US Postal System has for years worked, but now, it’s in big ruin. The government should and must support viable business efforts by entrepreneurs but it should stay out of entrepreneurs’ way.

Now, get up and go out there and start your own $100 billion business; Mark, Bill, Steve, etc., did it for their Apple, Microsoft, and Facebook, etc. No matter how silly your business idea might sound; if there’s someone who wants your service or product, then there’s a market for it; so just go do it.

Writing and Presenting a Business Plan That Doesn’t Suck!

What makes or breaks a startup anywhere is partially by having a good business plan.

Such as most entrepreneurs in Namibia that I meet daily don’t have good and winning business plans. A conservative business plan for the Namibia market (financial institutions) should be simply, made up of; Executive Summary (written after the business plan), Company Summary, Organizational Plan, Marketing Plan, Financial Plan, and Supporting Documents sections.

I just finished writing a business plan as a consultant, and it looks awesome. But I don’t wanna do this no more. It’s too much time consuming.

But if you expect to get a business loan from any financial institution, you’ve got to have a winning business plan, outlining everything in great details, but remember, business analysts who review your business plan for funding consideration don’t really read everything in your business plan. They read your executive summary first, and if it makes sense, then they jump to your financial projections.

And if it interests them, then they look at your management summary under your Organizational Plan, but everything else in your business plan is just an added value.

I’ve seen people walking around with business profiles, (yes, a business plan should be no more than 32 pages long), but these entrepreneurs usually have on average documents that they call, “a business plan”, but with only 4 pages long, not in the right format, no financial projections, no break-even analysis, and then they complain to everyone that they can’t get a loan from the bank, because they are not well-connected, and that the banks are run by racist white people.

But they forget about their own presentation as outlined in their business plans.

And the mistakes most of them make is that, they pay someone to write their business plans, but because they were not fully involved in writing it, then when coming to the bank asking them to do a presentation and defend their business plan, then they have no clue on what to say, let alone explain what’s written in the business plan.

They have no clue on how to explain where they got the figures in their financial projections. But again, they complain why Namibian banks don’t fund black owned businesses.

The Namibia Ministry of Trade and Industry has a division; Project Planning Unit, whose staff are paid to solely help Namibian SMEs with their business plans development, but I am not sure how many Namibians know about this service.

I wish I had the time to help do workshops and seminars on how to write a winning business plan in Namibia. Because if I can say one thing that I’ve learned from the development of our Groot ecosystem, it’s writing a business plan; with the latest business plan for our Groot development that, our team and I wrote, and from that we are raising more than N$6 billion (US$800 million) for Groot Town Center and separately US$900 million for our 900 MWe Gas Power Plant in Namibia. These are just 2 projects which are part of our 60+ different projects for our Namibia ecosystem development. Also, we are preparing to write our business plan for our Swaziland Ecosystem Development whose development budget is currently set at US$10.7 billion.

From this experience, I have learned a great deal on how to write and present a business plan to the financial lending institutions and venture capitalists.

For the US market, I’ve written many business plans, but the language that’s used in business plans for the US VCs, especially for tech start-ups is different from the Namibian market. One simple word in US could mean something completely different from what it may mean in Namibia.

For example, for the US market, I can write; “a killer app…”, or “a disruptive technology”. Using such as these phrases for the Namibian market (due to political correctness), they may be viewed and construed differently, in a very very very very bad way.

Look, if you want to get a business loan from any bank or VCs, you’ve gotta have a good business plan, but also you must be able to present and defend what’s stated in your business plan. If you had paid a consultant to write your business plan, try to understand how that consultant came up with the dollar value in your financial plan and what those graphs mean.

A good business plan should be more quantitative than qualitative, and use more graphs to explain your market and financial details. So, go out there and write a killer business plan for your disruptive innovative solution.

Kapenda Media Group, an Umbrella for Some Cool Web Properties

 

kapenda_media_groupSince I graduated from The Ohio State University in June 2009, I kept myself very busy, working and organizing some of my web properties under one umbrella, Kapenda Media Group.

I still have almost two years before I go back for my post graduate study and in the mean time, I will be busy doing what I love; having fun with my family while creating and growing some of the most innovative web tools and applications.

Kapenda Media Group, Inc. (KMG) is a premier media company dedicated to developing, managing, and marketing a diversified portfolio of web properties, mobile and social applications that are poised to efficiently provide indispensable information, entertainment, and communication services for people around the world to help them enjoy happier and more productive lives.

KMG is building one of the most innovative and comprehensive broad arrays of web properties, proprietary data tools, social and mobile applications for use by anyone, anytime, anyplace, anywhere, which consist of:

  • Welated, LLC (www.welated.com), a mass social media that alert users in real-time if their mates cheat on them with anyone, anytime, anyplace.
  • Wrisen, LLC (www.wrisen.com), a social application for social networks that lets users remember, honor, and cherish their passed loved ones and pets.
  • RentersQ, LLC (www.rentersq.com), a rental predictive intelligence tool that lets landlords and tenants around the world efficiently share rental history reports and information.
  • Tipmart, LLC (www.tipmart.com – relaunching), a localized reverse auction platform making it easier for anyone to buy and sell almost anything, anywhere.
  • Zemuse (www.zemuse.com – coming soon), a social platform for anyone to buy and sell original compositions and theme sounds for Radio Ads, Films, and TV shows.
  • African Prince (coming in October 2009), a mass unscripted reality TV show offering exhilarating and breath taking dramas and cool prizes.
  • Jetie (www.jetie.org – coming soon), a mass platform that enables high achievers and professionals share their life and work experience with grade students anywhere.

Welated, a Social App for Social Networks

Welated for iPhonesIn July, I launched Wrisen, a social app for social networks on Facebook, which has so far received great, rave review, and it’s growing faster than I’ve expected.

We’re currently working to launch a full version of the Welated site at the end of August, but the exciting news is about our new social app version of Welated for social networks and iPhone which we are also launching towards the end of August.

We will first launch the Welated app for social networks, specifically for Facebook, and then follow up with the iPhone version.

Welated is a service that alerts users instantly any time their mates cheat on them with anyone, anyplace, anywhere.

Check out Wrisen at http://www.wrisen.com and Welated at http://www.welated.com.

Obituaries and Memorial Services Going Social Networking

For years, families and friends have traditionally mourned their loved ones in private settings, mostly enclosed only to those who were relatively close to the deceased person. However, as social networks are becoming more of the everyday living for many people around the world, so as online social memorial services, where families and friends are able to easily memorialize and eulogize their deceased loved ones, cohorts, and even pets.

Social networks such as Facebook and MySpace have seen a high rise in group pages created by fans, friends, and families of the deceased loved ones. In June 2009, a group page that was created to eulogize the King of Pop, Michael Jackson, has seen an overnight sky-rocketing of more than 7 million fans from around the world in just two days, making it the largest group page on Facebook.

In recent years, a few memorial web sites, such as Tributes.com (http://www.tributes.com), have sprouted up, geared to capture a niche market for online obituaries and memorial service. These web sites offer several online services, including obituary news, information, and funeral announcements.

A simple and free social application for social networks, Wrisen.com (http://apps.facebook.com/wrisenbook), was launched on Tuesday this week, which offers users to best remember, honor and cherish their loved ones. Unlike many other social apps and web sites, Wrisen offers a new view for friends and families to eulogize their loved ones and pets. While Tributes.com is becoming a hub for obituary news and information, Wrisen is instantly becoming the central hub for social eulogy, where families and friends can upload and share photos and videos for their loved ones, post condolences and comments on their loved ones’ profiles on Wrisen.

“I am from South Africa and currently I’m a student at Franklin Univeristy here in Columbus. Two days ago, my uncle unexpectedly passed away in a car accident, but I don’t have money to go home for the funeral. Most of my family members are on Facebook and I told them to add Wrisen to their profiles so we can share and exchange our sorrow and mourn our uncle. Even though I am here and they are there, I still feel as though I am with them, in the same room, because with Wrisen, we are able to share our grief in real-time.” Cries Mfeko.

Each time someone posts a photo, video, comment, eulogy, or a condolence on any profile on Wrisen, then it’s instantly distributed and posted on every Facebook friends’ homepages. In the process, the Wrisen system allows users to share memories and exchange sympathies with everyone in their friends’ list, which may help make them feel a little better.

Most of us everywhere, have lost some members of our family, relatives, friends, and or those we knew, or simply admired, and the more people you may have sharing condolences with you, the better you may feel, even if it’s just a little.

“What we’re doing is building Wrisen as a platform for families and friends to easily share and comfort each other with everyone else in the world. So that they can have a free place not only to grieve, but to remember, honor and cherish their loved ones forever.” Claims Timothy Sweatte, Wrisen’s VP of Marketing.

Wrisen.com, a Social App to Help You Remember, Honor, and Cherish Your Loved Ones

Wrisen LogoWrisen (www.wrisen.com) was launched on July 27, 2009, and it’s live now exclusively on Facebook at http://apps.facebook.com/wrisenbook. Wrisen, a social app for social networks lets you easily create profiles for all your loved ones, post and share eulogies and condolences, upload their pictures, videos, and memorial gifts.

Wrisen enables you to share sympathy about your loved ones with your all friends and family members on Facebook.

The application is a Facebook-like by itself within Facebook, it’s free, easy and simple to use, and each eulogy, condolence or comment posted on any profile and on the profile wall is instantly distributed and shared among all your Facebook friends.

You can basically create and post a profile for any person or pet that you may have admired and adored. It could be anyone from the past, such as Princess Diana, Gandhi or anyone you want to eulogize.

Wrisen is a cool social application that I created to help make social network users feel better and forever remember their passed loved ones.

Try it out and please let me know what you think about it.