wazua Thu, Apr 30, 2026
Welcome Guest Search | Active Topics | Log In

5 Pages123>»
Where to find start-up funding for a new concept
Obar1
#1 Posted : Tuesday, May 14, 2013 11:34:55 AM
Rank: New-farer

Joined: 5/14/2013
Posts: 12
Hi, Recently I wrote a proposal for an interesting idea, if realized, it would be the first time this would be done in East Africa. I sent the proposal to banks and Insurance houses of which 2 banks and 2 insurance houses were quite keen to partner, but only once the biz is running. Unfortunately I don’t have the money, just the idea. My new strategy is to find individual investors who may be interested, but I lack good contacts. Would you please direct me in the right direction on how I can raise funds for this project?
Chaka
#2 Posted : Tuesday, May 14, 2013 2:02:44 PM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
In which sector is this business?What will it achieve that has not been done before?
Obar1
#3 Posted : Tuesday, May 14, 2013 4:35:00 PM
Rank: New-farer

Joined: 5/14/2013
Posts: 12
@Chaka: Sector is automobile. As for the 2nd question, pardon me for not wanting to display it on here.
jerry
#4 Posted : Tuesday, May 14, 2013 4:55:10 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
Obar1 wrote:
@Chaka: Sector is automobile. As for the 2nd question, pardon me for not wanting to display it on here.
How much/many capital/partners?
The opposite of courage is not cowardice, it's conformity.
Chaka
#5 Posted : Tuesday, May 14, 2013 7:36:50 PM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
Obar1 wrote:
@Chaka: Sector is automobile. As for the 2nd question, pardon me for not wanting to display it on here.
If I get you right,this has been done elsewhere except not in EA?How will potential investors get to know what this is about so that you can partner with them?
Obar1
#6 Posted : Wednesday, May 15, 2013 8:49:35 AM
Rank: New-farer

Joined: 5/14/2013
Posts: 12
@Chaka, true, it has been done elsewhere but not in EA, in addition, I have added other aspects to it. For potential investors, I will be happy to share the proposal on the condition that they sign an NDA. @Jerry: I would prefer no more than 2 partners but I remain open if there is more than 2.
Chaka
#7 Posted : Wednesday, May 15, 2013 9:28:25 AM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
@Obar1, Whats the startup capital needed?
Obar1
#8 Posted : Wednesday, May 15, 2013 9:42:53 AM
Rank: New-farer

Joined: 5/14/2013
Posts: 12
@Chaka: Circa KES 50M, to be injected gradually over 3-4 months, the bulk of which, will go to Marketing. Forecasted Net profit as follows,having taken away Director's allowances: YR1 - KES 71m YR2 - KES 199m YR3 - KES 249M Director's Allowances over the 3 years total KES 342M (taxable).
madollar
#9 Posted : Wednesday, May 15, 2013 10:28:23 AM
Rank: Veteran

Joined: 11/17/2009
Posts: 2,040
Location: GA
Obar1 wrote:
@Chaka: Circa KES 50M, to be injected gradually over 3-4 months, the bulk of which, will go to Marketing. Forecasted Net profit as follows,having taken away Director's allowances: YR1 - KES 71m YR2 - KES 199m YR3 - KES 249M Director's Allowances over the 3 years total KES 342M (taxable).
Those figures are too high considering you do not have a single client and those directors allowances . Free advice .Not a single investor will sink even a cent in this project from that summary seasoned investors will tell you it looks unrealistic....
Obar1
#10 Posted : Wednesday, May 15, 2013 10:58:52 AM
Rank: New-farer

Joined: 5/14/2013
Posts: 12
@Madollar: Your sincere comment is noted with thanks, but I stick to those figures.
5 Pages123>»
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.

Copyright © 2026 Wazua.co.ke. All Rights Reserved.