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A Delivery And Logistics App Gets High Praise From The Lions | Lions Den Nigeria 

ULTIMA NG
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Agwu Mba came into the Den requesting N15 million for 10% equity in his mobile-based delivery and courier service business, LumberSwift app.
While his rich valuation might have posed a challenge with the Lions, one thing they all agreed upon was his problem-solving skills. But would this be enough to sway the investors?
Lions’ Den Nigeria is a business reality show that gives budding entrepreneurs across Nigeria the chance to pitch their business to 5 successful Nigerian investors, referred to as Lions.
These Lions are looking to give back to the society and help Nigerian fulfil their dreams and ambitions. As such, if they see the potential in the entrepreneurs’ business, idea or products, they will invest in the business, in exchange for some equity in the business.

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5 фев 2022

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Комментарии : 154   
@nanaakua6927
@nanaakua6927 Год назад
Wow that's one great negotiator, bringing down ownership rights from 50 to 20%. I'll say he got a good deal🤝
@emmanuelagiim5898
@emmanuelagiim5898 Год назад
I think I’m investing too much time and data in the den and for that reason, I’m out. I know I’ll be back tomorrow. 😩😩
@lisawoodbluestein3856
@lisawoodbluestein3856 3 месяца назад
😂😂😂😂😂
@desynx
@desynx 3 месяца назад
😂😂😂
@brightgeorge5222
@brightgeorge5222 2 месяца назад
😅😅
@Ikenitv
@Ikenitv 2 месяца назад
And I say no , that you are in😂😂
@joshuaonyedikachukwu9586
@joshuaonyedikachukwu9586 Месяц назад
😅😅😅😂😂
@sethsamuel6357
@sethsamuel6357 Год назад
This guy knows what he is worth. I am happy for him. He wasn't afraid to bargain!
@temiod
@temiod Год назад
“Okay let’s do it like this” A man that knows what he’s worth. Love it.
@Hernameis994
@Hernameis994 2 года назад
His mother should be very proud. She raised a man,wow
@nnannaoketa7675
@nnannaoketa7675 4 месяца назад
Really proud of him. My good brother from Ebonyi. Good job.
@taofikabass93
@taofikabass93 2 года назад
This dude will blow oo I'm actually surprised that Mr Bolaji wasn't interested...
@goodnewschidera9269
@goodnewschidera9269 2 года назад
I love this! His clear delivery, he understood the assignment. The judges are great. What a lovely narrator.
@babakuramuhammad8714
@babakuramuhammad8714 2 года назад
I just enjoyed watching this program. The judges are amazing characters with wealth of experience in their fields.
@MissPrisyBaby
@MissPrisyBaby 2 года назад
Same here👌🏾
@aamustapha
@aamustapha 2 года назад
I like this guy, not trying to force any fake accent.
@qyihamba7034
@qyihamba7034 2 года назад
I am wowed! This is a fantastic negotiator!
@TsarOfRuss
@TsarOfRuss Год назад
"Its a SURE BANKA that" 🤣🤣🤣 Ogbologbo!
@raphaelemmanuel455
@raphaelemmanuel455 Год назад
I just love the mastery of the business. the secrete rule of thumb, know your business very well the numbers . great idea, great solution.
@davidokwara1894
@davidokwara1894 2 года назад
The best show on TV in my reckoning
@chidubem826
@chidubem826 2 года назад
Haters will say it's BBNaija
@CATHERINENNEOMA-tg5yt
@CATHERINENNEOMA-tg5yt 3 месяца назад
Wonderful
@ProductivityKnowledgeAction
@ProductivityKnowledgeAction 2 года назад
I like his thinking and negotiations skills
@KatorTarkaa
@KatorTarkaa 2 года назад
same here.
@phaonline1548
@phaonline1548 2 года назад
Yes! Top notch. He wasn't desperate. Knows what he wants and so was not swayed by the investors' initial proposal.
@ifeanyichukwuanowai9452
@ifeanyichukwuanowai9452 2 года назад
Paul Onwuanibe abeg na!!! 😂😂😂 Always setting that “future projection numbers” trap.
@favouralilu2674
@favouralilu2674 Год назад
One of the best pitches I've watched..
@TimmyUX
@TimmyUX 2 года назад
Logistics in Nigeria is something else but needs delicate ideation and customer experience research with all the proper. But this guy really negotiated with them & I hope he gets to do big things with the investment.
@chidozienwokoji4923
@chidozienwokoji4923 11 месяцев назад
"50% is too much", "okay let's do it like this". These really got me
@trsevents
@trsevents 2 года назад
I need to start watching this program! Reality of scalability of biz
@deiyor
@deiyor 2 года назад
Me too I've been binge watching it. You wanna start a business soon?
@KatorTarkaa
@KatorTarkaa 2 года назад
​@@deiyor Me, yes.
@deiyor
@deiyor 2 года назад
@@KatorTarkaa we could discuss ideas
@josiahramseyokeleye3370
@josiahramseyokeleye3370 Год назад
@@deiyor Can I join this table please?
@deiyor
@deiyor Год назад
@@josiahramseyokeleye3370 is there a personal problem you're trying to solve? I have one
@sylvesteradim1532
@sylvesteradim1532 2 года назад
This is the best I have seen, he got good negotiating skills
@yaknuelgh
@yaknuelgh Год назад
These investors are very smart.
@tosoa6022
@tosoa6022 2 года назад
I like his bargaining power
@ajayioladeji4314
@ajayioladeji4314 Год назад
He said sure banker😃😃
@elnergyshop
@elnergyshop 2 года назад
Waw beautiful, they knew it was a good idea buy lacked proper business plan which was the reason they wanted to make a dominating and better decisions as board members till the brand or company is grown
@divine_wisdom5976
@divine_wisdom5976 2 года назад
The good side is that they offered him the full amount he requested for. But the bad side is that they demanded too much by asking for double in 24 months for a business that is still burning cash. Goodluck to the guy! But will his business structure be able proactively guide against illegal distribution of arms or narcotics in Nigeria ? Just thinking out loud!!!
@AyeniBJerry
@AyeniBJerry Год назад
I like this guy.... hes going places
@Notaprogolfer
@Notaprogolfer 2 года назад
He is a great negotiator. He obviously has invested himself in the business.
@edidiongedohoakwa7892
@edidiongedohoakwa7892 9 месяцев назад
I love this man
@progressikechukwu5125
@progressikechukwu5125 2 года назад
I love this show .
@MalikCreek
@MalikCreek 2 года назад
Hmmm... Mr Mba... Run ooo..
@gphilz7990
@gphilz7990 2 года назад
Smart
@askgospeltv740
@askgospeltv740 2 года назад
A proof that Paul is not always out
@ericekuri3734
@ericekuri3734 2 года назад
Lol swears
@Kastady
@Kastady 2 года назад
LoL
@lolapearson6720
@lolapearson6720 2 года назад
He is always out Look at the deal he made. He gets 200% and 10% equity within 24 months
@KellysTv
@KellysTv Год назад
He's offer is always tough!! 🤦‍♀
@josiahramseyokeleye3370
@josiahramseyokeleye3370 Год назад
Lol Paul I'd a very clever investor he only invest in lucrative business ideas believe me hr would have been Pained if he didn't get the deal sealed on this one couple with the fact that he's security conscious. My thoughts though.
@iwujisamuel1136
@iwujisamuel1136 2 года назад
Watching through most of these episodes, I've come to realize that most people can actually grow their business with some good strategy and not investment like Mba's business requires him to get more users and with a good strategy he should be able to get that before seeking to look for investors
@balsoqzbalat5228
@balsoqzbalat5228 2 года назад
These lions have high connections and their mentorship Is the most important
@direktachigson5730
@direktachigson5730 2 года назад
Exactly 💯
@lanrewright1863
@lanrewright1863 2 года назад
He will need a certain level of cash flow to grow his userbase. He will also need it to expand his delivery routes to create more appeal that will convince users to patronize his business. Also, when you think of competing businesses, marketing needs to be solid - meaning more cash. To bootstrap this kind of business will not be as easy.
@krimentoz
@krimentoz 2 года назад
that is where the experience and expertice of the lions will kick in
@ninavann3064
@ninavann3064 2 года назад
The deal could have been better - without knowing any additional details. However, the 200% debt return + 20% equity the VCs (lions) are asking for is the CoE aka cost of equity. For a high risk businesss, such as this, the cost of equity has to be high. It is basically the consolation that the investors get for being brave enough to invest in and believe in something that hasn't really shown satisfactory returns yet.
@nwosucharles-oge7366
@nwosucharles-oge7366 2 года назад
in your opinion is the expertise of both lion's really 200% and 20% equity ?
@emmanymatthew2539
@emmanymatthew2539 2 года назад
This is better than BBN. This is the show to invest on, I learnt more about business watching 4 episode.
@joyogor1652
@joyogor1652 Год назад
Please preach it
@EGBUOKPOROGodfrey
@EGBUOKPOROGodfrey 2 года назад
Interesting Negotiations and great product too.
@JoshDiamond
@JoshDiamond 2 года назад
Debt returns at 200% is extremely high, but I'm sure with the right number & ACTIVE subscriber base he should be able to scale. Because he is not really spending much on Inventory or liabilities like bike maintenance, etc. He's only going to spend a lot more money on DIGITAL & OFFLINE MARKETING to subscribers & onboarding of logistic bikes & buses. And most importantly, a full comprehensive insurance (or else the riders might cause him problems with damages & thefts). And he will need an in-house full time software developers who can secure his platform from hacking.
@aamustapha
@aamustapha 2 года назад
an astute negotiator
@andrewguya4167
@andrewguya4167 2 года назад
Ndi igbo! 😂👏👏🥳🥇
@dareadu6693
@dareadu6693 Год назад
The guy is my best negotiator yet.
@mbaagha1028
@mbaagha1028 Год назад
Thank you sir
@bonsujoshua3307
@bonsujoshua3307 Год назад
@@mbaagha1028 how's the business thriving
@johnobinna6611
@johnobinna6611 3 месяца назад
My guy from Ebonyi state University... Nice one
@bongmoyongjonah3010
@bongmoyongjonah3010 4 месяца назад
Could have testimony from the lions from these brilliant business
@rasheedabolashe
@rasheedabolashe 2 года назад
Confirm Igbo guy
@AwalSalihu
@AwalSalihu Год назад
When is another season starting please?
@loveonlock1432
@loveonlock1432 Год назад
He's obviously an igbo man
@gbolahanadegoke294
@gbolahanadegoke294 2 года назад
Numbers!!!!
@ayotundeoladipupo
@ayotundeoladipupo 2 года назад
After watching a number of episodes... A lacking skill is the ability to value their businesses properly...
@MykelOkuboyejo
@MykelOkuboyejo 2 года назад
For real! I wonder how they came up with the high valuations
@babakuramuhammad8714
@babakuramuhammad8714 2 года назад
Exactly, plus clearly identifying their business weather it's Service or Asset based business.
@JohnElphata
@JohnElphata 2 года назад
Been waiting to see this program in Nigeria.. Our youths don't watch things like this...
@iloriabdulbasit5112
@iloriabdulbasit5112 2 года назад
🙄Of course we are. But there is a lot of content on RU-vid that it's hard to find stuff like this. RU-vid algorithm will only show it to you if you've shown similar interests in things like this in the past or searched.
@eddiegriffinjones5541
@eddiegriffinjones5541 2 года назад
they are only interested in big brother nija
@AdaobiNnoli
@AdaobiNnoli 2 года назад
@adesuyi any recommendations from other countries?
@iloriabdulbasit5112
@iloriabdulbasit5112 2 года назад
Try lionsden in the uk and shark tank in the us
@enochadefemi220
@enochadefemi220 2 года назад
i no see any app ooo
@buka.a
@buka.a 2 года назад
This is a bad deal. Logistics business in Nigeria is very difficult. Would get frustrated paying debts
@einsteinesegbue918
@einsteinesegbue918 2 года назад
It's simple. No credit is given to customers
@harrisonmary6552
@harrisonmary6552 3 месяца назад
How do I have this opportunity too😢😢😢
@aduloju95
@aduloju95 Год назад
I can't find the app
@paulnyagini
@paulnyagini 6 месяцев назад
Honestly speaking lions have different accents 😮
@celestineasantewaa1317
@celestineasantewaa1317 2 года назад
Igbo's can never change their business approach lol. Nice,,I've learnt alot
@solomonobihan9465
@solomonobihan9465 2 года назад
What is their business approach?
@mbaagha1028
@mbaagha1028 Год назад
Thank you immensely.
@kindnessallison8669
@kindnessallison8669 Год назад
@@mbaagha1028 did they later invest
@mbaagha1028
@mbaagha1028 Год назад
@@kindnessallison8669 Is a long story dear.
@mbaagha1028
@mbaagha1028 Год назад
@@kindnessallison8669 The willingness to invest by the Lions was there but the majority shareholders of Lombaz put it on hold till now.
@akindema7508
@akindema7508 2 года назад
No deal o
@ticketnob633
@ticketnob633 2 года назад
IGBO KWENU
@ijfiberesima7200
@ijfiberesima7200 2 года назад
It's a bad deal!
@SDUChannel1
@SDUChannel1 2 года назад
This is someone’s idea.
@adedijirichard6687
@adedijirichard6687 2 года назад
How are these nobel ideas intended to be patented?
@olubusayoolasanoye634
@olubusayoolasanoye634 2 года назад
Experience na your mate?
@GbajabiamilaRaheem
@GbajabiamilaRaheem 2 года назад
50% for 60million naira
@kamgaingrickneil9122
@kamgaingrickneil9122 2 года назад
I wouldn't have accepted such deals... These Lions are very hungry and eating every interesting business... I learn a lot from their ways of thinking and doing business
@gblinksacademy
@gblinksacademy 2 года назад
firstly, they are investors not philanthropist. secondly these are mostly startups, so they are risking their own millions, if they dont invest, will you?
@bennymotalem340
@bennymotalem340 2 года назад
Na why dem be lion naw. You think say na play?
@obiajulumokwenye6382
@obiajulumokwenye6382 2 года назад
@@bennymotalem340 😂
@davidokwara1894
@davidokwara1894 2 года назад
They are called lions for a reasons. Morality is not their concern here
@Idris_Ade
@Idris_Ade 2 года назад
Actually they are not very hungry. The guy thought it through. They accepted to run the company for 2years to an international level, do all registration ranging from insurance to other licenses that's why they need 51% for the first 2years to be the face of the company cos they believe the app will work They are really offering service to the guy but getting paid with profit. Its a win win for both parties and in two years they are out with 10% each and the company will worth more.
@mabsademola979
@mabsademola979 2 года назад
The offer is too much, think big
@zai2.0
@zai2.0 3 месяца назад
He shouldn’t accept the offer. The investor win in all Aspects leaving you to have absolutely nothing at the End. U are losing 25% of your company and eventually they will make you lose more shares long term and they will have full control. If they see your vision believe me you don’t need their money that bad
@aghedonelsondaniel3700
@aghedonelsondaniel3700 2 года назад
Those saying Paul does not make offer..
@gboyega_adeoya
@gboyega_adeoya 2 года назад
Abi. Last last. I was surprised o.
@oludashesamuel2850
@oludashesamuel2850 2 года назад
@@gboyega_adeoya same here, he's always concerned about scalability
@davidokwara1894
@davidokwara1894 2 года назад
He almost never invests
@aghedonelsondaniel3700
@aghedonelsondaniel3700 2 года назад
@@davidokwara1894 Paul is a deep thinker.. his IQ is twice other lions.. he's not a greedy investor too
@aeiou0123
@aeiou0123 2 года назад
@@aghedonelsondaniel3700 his IQ is the lowest actually. He is risk averse n impatient
@Marketfluidityy
@Marketfluidityy Год назад
Wait hows 400 x1000 , 40 million? Or is no one hearing that ? 🤔 the numbers don’t follow through
@kymzTech
@kymzTech Год назад
LoL I saw it oh
@Marketfluidityy
@Marketfluidityy Год назад
@@kymzTech wahala dey sha 😂
@charlesuwah3404
@charlesuwah3404 6 месяцев назад
He meant to say 400 * 100,000 projected customers he hopes to have by the end of first year.
@askgospeltv740
@askgospeltv740 2 года назад
Lions can hungry eaters
@ijfiberesima7200
@ijfiberesima7200 2 года назад
This is pure evil, 15 million for 50% on the line of credit! Jesus this man get mind ooo
@chukkaemmanuel
@chukkaemmanuel 2 года назад
Honestly some people don't know how powerful numbers are. They just see it as figures they don't know what it could cost them
@ninavann3064
@ninavann3064 2 года назад
Yes, but what the VCs (lions) are asking for is the CoE aka cost of equity. For a high risk businesss, such as this, the cost of equity has to be high. It is basically the consolation that the investors get for being brave enough to invest in and believe in something that hasnt really shown satisfactory returns yet.
@chukkaemmanuel
@chukkaemmanuel 2 года назад
@@ninavann3064 this makes sense
@ikesopuru3114
@ikesopuru3114 2 года назад
That's why they are lions and not 🐐.lol
@mikeehiz4856
@mikeehiz4856 2 года назад
@@ninavann3064 you seem to know much about equity rights and all, concerning app development.. Please how can I contact you for more information
@ijfiberesima7200
@ijfiberesima7200 2 года назад
Bro walk out, don't accept!
@DVPofficial
@DVPofficial 2 года назад
I looked for the app tho.
@buka.a
@buka.a 2 года назад
@adebanga 🤣🤣🤣
@askgospeltv740
@askgospeltv740 2 года назад
@adebanga 😂
@mytube3020
@mytube3020 2 года назад
@adebanga 😂😂😂😂 thank you for the good laugh
@aduloju95
@aduloju95 Год назад
Me too I didn't see it
@kokoette-samueljames9958
@kokoette-samueljames9958 2 года назад
Cybersecurity risks?
@basitbalogun932
@basitbalogun932 2 года назад
Not a big deal with proper engineering of the app
@helloworld3979
@helloworld3979 2 года назад
Not much of a big deal if the software engineer structured the app well
@adamsalex6342
@adamsalex6342 2 года назад
This is a bad deal. You are giving 100% returns on their investment in 2 years and 10% equity ownership at the end of two years? That's unfair, especially with the argument on corporate governance. He should have thought through on this. It's definitely a bad deal to me. I hope he finds satisfaction afterwards.
@adeadey986
@adeadey986 2 года назад
50% actually, it's a rogue deal
@manonfire7675
@manonfire7675 2 года назад
I agree. That's way too much premium to pay to have two Lions on your board. Paying back 100% after two years is like paying 50% simple interest rate per annum. Then you lose 20% equity on top. Bad deal in opinion. If any bank were willing to give him money they wouldn't take more than 35% interest p.a and no equity lost.
@ninavann3064
@ninavann3064 2 года назад
I belive the agreement was to pay back 200% after two years, and then give up 20% equity to the lions. But yes 10% equity for each
@manonfire7675
@manonfire7675 2 года назад
@@ninavann3064 True! I was assuming 100% after two years. Wow. Thanks.
@deiyor
@deiyor 2 года назад
@@manonfire7675 totally agree. Terrible deal. The lions want to eat their cake and have it.
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