Horton wrote:innairobi wrote:Cytonn trying to recover legal costs. Must be a painful expense for such a small company. They are competing with an elephant at shitting. I think Britam just wants to frustrate, defame and bleed them to death ili iwe funzo.
I dont think Cytonn is small. I have invested with them. They are an extremely well oiled machine.very efficient They have projects worth 50B in the pipeline. Britam, im sure are scared. Their best minds have left them, to compete with them! These court cases seem frivolous.
i meant small in relative terms i.e. compared to britam and its peers. i'm sure their financials are tiny in comparison.
project pipelines are great but unfortunately, its a piece of corporate jargon that is often used to exaggerate the size of fledgling organizations. for instance, in that 50B pipeline, how did they arrive at that valuation, how much of that project value will be actual income for cytonn, what's the structure of financing, what are the timelines for those projects to come to fruition, how much control does cytonn have over those projects i.e. who are the other major stakeholders etc.
i have nothing against cytonn. i have tremendous respect for every person that is bold enough to chart their own path away from the safety of a regular job and will be excited for them if they do succeed. the success of a nation rests on the success of its entrepreneurs.
but that thing of best minds is not true. the most fatal mistake cytonn can make is to underestimate the market because they believe they are 'the best brains'. no one is indispensable especially in an organisation as large as britam. hata michael joseph left safaricom and the company continues to scale new heights.
All my friends are heathens, take it slow. Wait for them to ask you who you know. Please don't make any sudden moves.