Categories
Equifam Spotlight

Equifam Spotlight: Olasubomi Olorunsola

How long have you been part of the Equifam and what’s your current role?

I have spent the past 4 months as an Information Security Engineer at GetEquity

What does your job entail?

I develop and maintain internal InfoSec policies, Security Information and Event Management.

What’s your day-to-day like?

Staying ahead of malicious actors by watching the news and happenings in the cyber world.

What would you say motivates you to open slack everyday?

Security is my bread & butter, and breakfast is the most important meal of the day. Ergo, I enjoy launching Slack. Also, a lot could happen. I have to be on top of all incidents all of the time.

How has your career grown since joining GetEquity?

I’ve gotten to experience more of the Blue Team side of security. I’ve usually always had to perform more offensive tasks like Penetration Testing, but with GetEquity I have gained skills on the defensive side of things. My sword may be sharp but my shield is getting stronger.

What is your favourite thing about working at GetEquity?

The company work culture is amazing, it gladdens me to be one of the great problem solvers at GetEquity. Not to mention working alongside Jude; one of my department’s greatest alumni. All the Get cuties are such amazing people, it feels good to be a part of the Equifam.

What’s something you’re planning on doing in the next year that you’ve never done?

I’ve never configured an autonomous SIEM solution, it’s a short-term goal and I’d like to configure one for GetEquity’s security.

Categories
Investor Education

Balancing Your Portfolio As An Angel Investor

Hi There,

I think by now, you are very well aware of startup investments being a high risk venture to say the least. Not every business becomes successful. In fact, many professionals in the industry will tell you that 90% of startups fail.

This article isn’t meant to dissuade you from the path of investing. History has shown from time to time that investing can ALSO be high reward as well. However, because of the high risk nature of it all, the statement “Do not put all your eggs in one basket” applies greatly here.

In startup investing, diversification is KEY. By Investing in a variety of companies, you minimize the risk involved and maximize your chances of reward. If one investment fails, you don’t lose all your funds in one sitting.

Benefits of a diverse portfolio

  • One benefit you get when you diversify is that it allows you invest in different types of companies. Companies that are at different stages of development(pre-seed, seed, series A) and even different industries(health tech, fintech, edutech, tech media, agribusiness, construction, logistics etc). These industries are ever changing and growing and usually attain success at different points in time.
  • Another benefit is that it increases your knowledge base of the business world and life in general. It is on you to ensure due diligence is done on the different companies you intend to invest in. This in turn allows you to learn more about the businesses, the type of industry they are in, and the industry’s past and future prospects. This comes with the possibility of becoming a knowledge expert in more than 2 of these industries which will inform not just your investing decisions but decisions you might need to make as a consultant, founder or employee.
  • Diversifying your portfolio means getting the chance to meet different people across industries. This allows you to build a more meaningful and diverse set of relationships with not just startup founders but fellow investors as well. Your network they say is your net worth. What better way to build this than a diverse portfolio.

Now that you understand a few of the benefits, what are the key things you need to consider when choosing to diversify:

First, your investment goals

Have you considered these questions before making a choice to invest:

  • What are you trying to achieve through investing?
  • How much risk are you willing to take on?
  • Why do you want to invest in company A?
  • How long do you want to be an investor? is this a 5-7 year plan or a 10-20 year plan?

Once you have a clear answer to these questions, then you can make an informed decision to distribute your investments.

Secondly, due diligence

The importance of due diligence can not be overemphasized. Have you done adequate research?

What do you know of the startup’s management team, its financials, its market, and its products?

Are there any red flags you’ve noticed on the legal or financial side of things?

What is the market like? and what are the startup’s financial projections?

The extent of due diligence done on each company can make or mar the prospect of your investment.

Additionally, Do you understand the terms of the investment you are making? A founder may offer equity or convertible debt and its important to understand what that means for you as an investor

In conclusion, here are a few tips for having a diverse portfolio:

  • Invest in companies across different industries.
  • Invest in companies across several stages of development
  • Invest in companies across different geographical areas
  • Review your portfolio regularly with time.

Investing in startups can be a rewarding experience but never forget to balance out your risk.

Till next time,

Tolu

Categories
Equifam Spotlight

Equifam Spotlight: Miracle Anthony

How long have you been part of the Equifam and what’s your current role?

Mmm… I have been here, I think four months now and I’m the quality assurance analyst.

What does your job entail?

What my job entails…… Hmmm delivering high quality, perfectly-functioning software. Like I test new and existing features to identify and help remove bugs. Basically, I’m the developer stress person…lol😂😂

What is your day-to-day like?

My day to day, omo wake up in the morning, open laptop, check new updates on slack, then start testing and updating already existing test documents.

What would you say motivates you to open slack everyday?

My motivation to open slack basically is the fact that I have work to do and deliverables to deliver so I get gingered.

How has your career grown since joining GetEquity?

Seriously no capping my career growth has been great, I have made some improvements and I have been learning… Even me sef the growth dey shock me😁

What is your favorite thing about working at GetEquity?

My favorite thing about working at GetEquity is the fact that everyone knows we are a team and we work as one, no bad vibes just great energy. The work culture is great and everyone delivers.

What’s something you are planning on doing in the next year that you’ve never done?

Hmmm…one thing I will like to do is travel, seriously I love seeing new places, trying out new food and experiencing a different culture.

Before we go, tell us a fun fact about you

Lmao 🤣, I don’t have fun facts oh but I like food though, and I eat the weirdest food combos and I can pass for a good show host or an actress😂

Categories
Equifam Spotlight

Equifam Spotlight: Franklin Ebomah

How long have you been part of the Equifam and what’s your current role?

Uhmmm I have been part of GetEquity and the Equifam collective/team since November 2021, 15th November to be exact. My role at GetEquity is the Lead Venture Analyst.

What does your job entail?

In a nutshell, my role entails the review, assessment, and analysis of the viability of a startup business as an investment opportunity. As a Venture Analyst one has to be fixated with deal sourcing, performing due diligence, creating memos, creating reports, doing financial modeling, etc. but most importantly supporting the founders who run these startups. Business is hard already so it’s cool to support those who to me are doing the lord’s work by running startups.

What’s your day-to-day like?

Lol, I would say coupled with the fixation of any ideal Venture Analyst, I work hand in glove with members of my immediate team to see out the business of the day, and I also work with a lot of people within GetEquity to solve problems and proffer innovative solutions even if not corely Venture Analyst related.

What would you say motivates you to open slack every day?

I would say the fact that we are kinda building a set of innovative products and solutions that are relevant and much needed for the Venture Capital and Startups space in Africa keeps me pumped to work every day. Also, I think I’m kinda a workaholic in many respects so to me the business of GetEquity doesn’t really sleep that much.

How has your career grown since joining GetEquity?

Oh quite brilliantly if you ask me. I have had the chance to learn about a lot of concepts, meet a couple of smart and driven people, and improved my network by a mile, but overall I think I am still a work in progress in many respects. A lot of toplines to get to in my personal opinion.

What is your favourite thing about working at GetEquity?

Lol, the team. For me, the team is brilliant and filled with cool people that are not just talented, but driven. Plus the banter can be wild atimes, which is pretty neat.

What’s something you’re planning on doing in the next year that you’ve never done?

Probably travel and finally take a leave or vacation.

Before we go, tell us a fun fact about you

Lol, so I’m kinda addicted to reading and knowing stuffs. So among other things, I’m a history junkie and one funny thing I can do is I can literally list down all the Presidents of the USA in chronological order and at random off the top of my head. I can also give insights into the politics and economics of the day past and present. Why do I know all those stuff I have no idea mehn….Lol

Categories
Equifam Spotlight

Equifam Spotlight: Gabriella Amaefule

How long have you been part of the Equifam and what’s your current role?

I have been part of getEquity for nearly a year now, I joined around November 2021 as a contract backend developer and joined full time around February 2022. My current role is Backend Engineer.

What does your job entail?

Well, my job entails maintaining the current codebase, adding new features to support business requirements, and reviewing pull requests from my peers, sometimes I also act as a customer support engineer and carry out minor devops activities.

What’s your day-to-day like?

Typically, my day starts with an hour of reading (I gotta stay sharp on what I do). So I spend my early mornings reading and learning new things, then I head to a workspace where I spend the majority of my day at. Then I check Jira for any new tickets that might have been assigned to me. I also have a lot of meetings with my colleagues where we brainstorm on a certain feature or try to fix something that came up.

What would you say motivates you to open slack everyday?

The opportunity to work on really cool features and to brainstorm on solution to bugs and blockers.

How has your career grown since joining GetEquity?

My career has grown tremendously since I have had the privilege of working with some really interesting engineers who have impacted the way I write code and solve problems. I have learned to write cleaner code, make better PR reviews, and pay attention to the tiniest detail

What is your favourite thing about working at GetEquity?

The problem we are solving is an interesting one and we are building a first of its kind solution, the people I interact with and learn from everyday, and the culture.

What’s something you’re planning on doing in the next year that you’ve never done?

Solo Travelling.

Before we go, tell us a fun fact about you.

I like partying (rarely have time tho), I can’t swim to save my life, my jollof rice cooking skills is unmatchable.

Categories
Equifam Spotlight

Equifam Spotlight: Timi Omoyeni

How long have you been part of the Equifam and what’s your current role?

I’ve been here since April last year. First as a contract Frontend Engineer and then as the lead Frontend Engineer. The funniest/craziest thing about this journey is that I started/resumed a week before the first semester exams in my final year 😂😂

A week to your exams? How did that work?

Lmao, omo I had been reading during the semester and I knew how to plan my time/self. Whenever I wasn’t working, I was reading or eating. I also used my alarm and stopwatch a lot. Everything I did during that period was timed. I didn’t have time for any unnecessary chat or stuff. And funny enough, it was my best result up till that point, I guess I should have gotten a job sooner?

What does your job entail?

Usually, it involves translating designs to actual products that our users can use. Being the lead of my team means I need to ensure that my team is doing their job as required, try to help clear blockers when they appear, and meetings with the PMs to understand certain products, requirements, and timelines.

What’s your day-to-day like?

Well, my day to day currently involves me talking with the PMs on tasks, syncing with Drew and William, and then working on my tasks. I didn’t mention my teammate because he’s a top lad, and he doesn’t/rarely needs my help with issues because we always align.

What would you say motivates you to open slack every day?

Omo, I can’t even lie motivation no dey these days. But on a good day, the will/need to be better at my job, the opportunity to learn more about the space we’re building for, the amazing people at GE and of course, the fear of going broke.

How has your career grown since joining GetEquity?

Honestly yeah? It’s been very intense. No matter how many times you do it, there’s always that fear that comes with “let’s take this product live” even when you’re sure that the product is 100% good enough for our users. Working here has helped me develop more confidence. I’ve also had the opportunity to work with amazing people across different teams.

What is your favorite thing about working at GetEquity?

Top of the list for me has to be the people that make up the company. Last April made it a year since I joined the company and I wrote about it on medium, but I’ve refused to hit “publish” for everyone else to see 😂. Part of the things I wrote, was ‘the people of Getequity’. You cannot go for South Friday and not see someone from the office, or even your CEO inviting to his table/ensuring you have booze in your cup or something, Fun people = productive team.

What’s something you’re planning on doing in the next year that you’ve never done?

Omo, let me see… I want to travel, a lot too. I believe we as individuals see life from different perspectives, and have different ideologies of life because of the things we’ve been exposed to. Unless we get exposed to something different, we might keep such perspectives for the rest of our lives, so yeah…I want to travel to experience different things.

Before we go, tell us a fun fact about you

I used to rap, yes. In fact, I used to be in one group with Zlatan Ibile. There are still people that call me by my ‘rap name’ whenever I’m in Ikorodu. fun times in my opinion.😂😂

Categories
Using GetEquity

Return on Investment: How it works on GetEquity

In this article, we will be breaking down the definition of return on investment as it pertains to startups and how it relates to GetEquity.

If you are yet to read our previous articles on sign up and KYC process, funding your wallet and buying tokens, catch up here

Let’s get started.

What is a return on investment(ROI)?

Return on Investment is when you gain a certain amount of interest/profits on an investment made in either a company, stocks, or even in the case of loans.

This is derived by calculating the difference between the initial investment and the current value of the investment.

How does it relate to startups?

As mentioned in some of our previous articles, startup investing involves putting down capital, in exchange for equity — a portion of ownership in the startup and rights to its potential future profits.

Investing in startup companies is a very risky business, but it can be very rewarding if and when the investments do pay off. The majority of new companies or products simply do not make it, so the risk of losing one’s entire investment is a real possibility. The ones that do make it, however, can produce very high returns on investment.

Let’s say, for example, Chris invests $30,000 in company Z whose value is $3,000,000 in return for 10% equity in the company.

If the value of company Z rises to $9,000,000, it means that the 10% shares Chris owns are now valued at $90,000. This further translates to a x3 increase of the initial capital invested and an interest of $60,000 gained.

At this point, Chris can choose to sell his shares(which can be done via the secondary market on GetEquity if there’s a matching buyer) and receive his capital and possible interest or he can hold his shares and hope for a higher value in the future when the company exits by being acquired or go public or raise a significant investment.

However, what if company Z’s value doesn’t rise and eventually shuts down, this means that the initial $30,000 Chris invested will be lost.

How does this work with GetEquity?

Similar to the example given above. ROIs on GetEquity work in a similar way.

As explained in this article, GetEquity operates as a digital syndicate and invests in the startups we list. We then digitize the equity received into tokens so they are easily accessible by angel investors like you on our system.

For example, Micheal invests $1000 in company Z who is raising $10,000 in return for 10% equity. Company Z’s valuation as at its raise on GetEquity is $1,000,000.

If Company Z’s value rises in a few months to $5,000,000. It means the value of the investment has risen to a x5 increase — $50,0000.

Therefore, the $1000 worth of tokens Michael bought has now received a x5 increase and is now valued at $5000.

If GetEquity exits company Z at this new valuation, all investors in company Z would have made a return on their investment which will be liquidated and funds converted to their cash wallet which can be withdrawn.

Permit me to reiterate at this point: there is a possibility that you can lose your investment as companies fail and investments are not recovered. Only invest money you are willing to lose.

You can reach us for any questions at support@getequity.io and if you also encounter any issues along the way, we are here to help.

Categories
Equifam Spotlight

Equifam Spotlight: Gladys Ajogwu

How long have you been part of the Equifam and what’s your current role?

I’ve been part of Equifam for about 6 months now and I work with the venture team as a Venture Support Associate.

What does your job entail?

My job involves everything from the pre-listing stage to the post listing.
For the pre-listing stage it involves due diligence meeting ensuring the viability of businesses to be listed. For the post listing stage it involves investment memo detailing the business, it’s market and the rationale behind the listing. I also provide venture support for listed businesses around their needs as well as reports and other information.

What’s your day-to-day like?

My day-to-day involves meetings, follow up calls and report writing.

What would you say motivates you to open slack everyday?

What makes me open slack everyday, outside the need to keep up with work related information and revert or escalate things, amebo is the next reason I open slack ooo. There is never a dull moment with Equifam, I need to know who is on the table for drags,lol

How has your career grown since joining GetEquity?

Before GetEquity, the Venture space was not one I was familair with. Hence, there was a whole lot of learning on the job for me, at the start some things were not clear. Six months in and my understanding of the space has improved as well as my interest. It also provides a platform to meet other people who outside just getting the job done is invested in making sure I understand and have clarity of purpose.

What is your favourite thing about working at GetEquity?

Favourite thing about working here is the fact that I can hit anybody up from the founding team to other colleagues and get response and another is the work environment. GetEquity knows how to ensure that outside work, the team has fun also.

What’s something you’re planning on doing in the next year that you’ve never done?

I’ve always wanted a beach house experience but haven’t gotten around that yet

Before we go, tell us a fun fact about you

Fun fact about me, hmmmm let me think. It will be my singing prowess but my friends argue that I cannot.

Categories
Equifam Spotlight

Equifam Spotlight: Andrew Ugbechie

How long have you been part of the Equifam and what’s your current role?

I don’t know to be honest. I was a contract designer for GetEquity sometime in late 2020 up until early 2021, conceptualizing, designing and maintaining GetEquity version 1.0, and then I joined the team full-time as Lead Product Designer in 2022. So you could say at least 16 months altogether, with gaps in between.

What does your job entail?

I design the product in summary. My job entails building designs for new GetEquity products and features, adding improvements to existing sub-products and conducting market research for new product design ideas for the team while collaborating with and overseeing other designers and projects. I also define product specifications with requirements from the product managers and constantly liaise with the developers.

What’s your day-to-day like?

I don’t think I have a very strict daily routine outside of work. Just work. That’s all I do most of the time. Then on some evenings, I go to the gym for some workout, and I play a good amount of table tennis in a week. It’s not much, but it’s honest work…innit?

What would you say motivates you to open slack everyday?

Lmaooo. Not sure I’m always motivated to open Slack. But I open Slack everyday because I always need/want to liaise with the team and know what’s going on. So it’s basically out of the sheer necessity of it, and not necessarily motivation.

Drew on a relaxing day

How has your career grown since joining GetEquity?

I’d like to approach this from a creative thinking angle, which is a subset of career growth. At GetEquity, we’re always building something entirely different, and more challenging. In some ways, it has forced me to approach problems from a different eye view. That’s growth too, I believe.

What is your favorite thing about working at GetEquity?

Mehn. It has to be the product itself for me. It’s how we’re redefining how startup investment works every single day at work. Yup, it’s the product, I find it interesting.
Apart from that, I like the little bants we throw around on Slack, as well as the holiday packages. Speaking of holiday packages, when is International Men’s Day please? Asking for a friend.

What’s something you’re planning on doing in the next year that you’ve never done?

Get married maybe? Lol.

Before we go, tell us a fun fact about you

I cannot swim to save my life.

Categories
Investor Education

Getting Started with Angel Investing

In some of our messages across social media, you might have seen us mention the term “Angel Investing” a couple of times. We even made a pledge to make you an angel investor in your own right.

Now that you are aware of a few tips as regards getting into startup investing. If you missed this, read up here

What exactly is angel investing? Who is an angel investor?

I am here to break it down for you as much as possible.

An Angel Investor is an individual who provides funds or financial backing for startups or entrepreneurs typically within the first 3 years of building the company.

Angel Investors provide these funds in exchange for equity in the company and at an early stage, they comprise of family, friends or within a network.

Startup investing is a very risky strategy and long term in focus. As an angel investor, there is a higher possibility of losing all the funds invested in a startup at a very early stage.

So you might ask, why do these individuals choose to invest in these startups at this stage?

Essentially, Angel investors have two things that enable them fund startups. Finances and Motive

There is a saying, “Never invest money you aren’t willing to lose” and this applies to angel investors a whole lot. This means the funds being put in at this stage might not fully be essential to their daily well-being. This is where their motive for funding comes into play.

With the possibility of an investment being lost, Angel Investors always have a specific motive for wanting to invest in a startup. This can be either through a shared vision/goal of the future, or a member of the family supporting the startup. Here are different categories of investors:

  • Family and Friends Investor: These investors might not be your average everyday typical angel investors but rather a supportive family member/friend that “knows” either the founders/founding team of the startup. Their investment in the startup comes from a place of support and trust.
  • Community Investor: These investors come from the community around the founding team either as former colleagues, business friends, friends of friends etc. They may or may not understand what your new company is doing but they or someone in their direct network has had a good track record of working with one or more members of the founding team and as such leads them to supporting with funds.
  • Idea Investor: These investors are individuals who are very familiar with your idea and the solution you are building. It could be someone who has had the idea to build a similar solution but couldn’t due to several reasons or someone who is very familiar with the market you intend to penetrate and wants to support the startup and its solution.

Who Can Be an Angel Investor?

Initially, Angel investors were individuals who were willing to drop amounts ranging from $5000 upwards in startups.

But with the help of platforms like GetEquity :), anyone can be an angel investor. That’s right, anyone.

This in turn helps foster faster innovation and growth in these startups as they now have the ability to raise funds from a wider pool of individuals. With angel investors, like you or I also supporting them with as little as $10.

In our next article, we will be diving into the technicalities of angel investment and getting familiar with some terms and keywords used.

See you soon!!

Got any questions on this, please send us an email at support[at]getequity[dot]io and the team will definitely get to you.