Yele Bademosi is the Founder & Managing Partner of Microtraction — an angel fund based out of Lagos, Nigeria. Prior to Microtraction, Yele was the General Manager and Employee #1 at Starta, a resource platform & community for African Entrepreneurs. He spent a year learning iOS Development & UX/UI design later founding Purple, a social app for university students in the U.K. After Purple, Yele led product design at Rocko Labs, a product development studio and shipped products like Postnote & Clink
Your legal business
The ‘Your legal business’ course is aimed at founders who want to learn more about the legal implications of setting up their business and the funding concepts for a first round of investment.
The first module focuses on legal basics, the second module on the funding concepts.
Each module has a number of learning resources, which include:
• Theoretical breakdowns where concepts are introduced – relevant to the African context.
• Videos of leading business professionals, entrepreneurs and investors, sharing expert advice,
• Quizzes where you’ll be challenged to apply what you have learnt,
• Useful downloadable templates and documents.
Introduction: How to register a business entity
When playing the video, you can change the language of the subtitles and adjust the speed in the video player settings.
Introduction: How to register a business entity 8.04 min
Transcripts
عندما تصل فكرة العمل الخاصة بك إلى مرحلة الحد الأدنى من المنتج الصالح، في وجود عملاء ومستثمرين مهتمين، فذلك وقت تسجيل كيان تجاري. في هذه النصيحة الإرشادية، سنناقش أهمية ذلك الأمر، وكيف تستطيع القيام به.
غالبية إن لم يكن جميع شركاء العمل والمستثمرين سيرفضون تقديم التمويل من خلال الحسابات البنكية الخاصة للمؤسسين. للقيام بالعمل وتسهيل المعاملات التجارية، يجب أن تكون الشركة مسجلة ككيان قانوني ولديه… Sign in to continue
Lorsque votre idée commerciale est parvenue au stade du produit minimum viable (PMV) et qu’elle a réussi à intéresser des clients et des investisseurs, il est temps de constituer une entité pour exercer. Dans cette fiche-conseil, nous allons voir pourquoi il est important de le faire et comment procéder.
La plupart des partenaires commerciaux et des investisseurs, si ce n’est pas tous, … Sign in to continue
Marka uu fikirkaaga ganacsi uu gaadho heerka ugu saraysa ee qiimo wax soo saar (MVP), ee ay jiraan macaamiil iyo maalgaliyayaal danaynaya, waxaa la gaadhi wakhtigii la duwaan galinayay keenaan ganasiga. Halkan, waxaanu kaga hadli doonaa muhiimiyada ay tani leedahay iyo sidaad u samayn karto.
Badi hadii ayna ahaynba dhamaantood dadka ku shuraakada ah ganacsiga iyo maalgaliyayaashu way di… Sign in to continue
When your business idea has reached the minimum viable product (MVP) stage, with interested customers and investors, it is time to set up a registered business entity. In this insight, we discuss why this is important and how you can go about doing this.
Most if not all business partners and investors will refuse to channel funding through the founders’ personal bank accounts. To conduc… Sign in to continue
How to pick the right moment to register your company
When playing the video, you can change the language of the subtitles and adjust the speed in the video player settings.
How to pick the right moment to register your company 1.28 min
Bernard Chiira is the Incubator Manager at Strathmore University’s at iBizAfrica in Nairobi Kenya, with reputable experience in general incubator management, Startup incubation and acceleration, digital marketing and research. He has also worked as an instructor in Strathmore University’s Faculty of IT and Digital Advertising Academy.
He is passionate about innovation, mentorship and supporting entrepreneurs to succeed in in building successful Startups and also has interest in working with Startups building tech solutions to solve complex and day-to-day problems.
Transcript
So when does an entrepreneur decide to formalize his company?
I think you only do that when you are sure you have a business. So for start-ups, when you’re beginning, it’s really a big experiment. You’re not sure whether you have customers, you’re not even sure you’re solving the right problem.
So, I think you need to look at company registration and incorporation as a process th… Sign in to continue
Why it is important to register a startup at the very beginning
When playing the video, you can change the language of the subtitles and adjust the speed in the video player settings.
Why it is important to register a startup at the very beginning 1.56 min
Mohamed is a Founder and CEO at Malinnov & Impact Hub Bamako. He is a serial entrepreneur, passionate about sustainability, creativity and technology. Mohamed is convinced that entrepreneurship is the best solution to fight youth unemployment. Mohamed is a Founder at Neliö 8, a nonprofit think tank in charge of organizing various events focused on entrepreneurs hip and youth, including the global startup weekend series.
Transcripts
Je pense qu’il est très important pour une jeune entreprise dès qu’elle démarre de commencer à formaliser son existence.
La formalisation c’est quoi, c’est déjà de créer une entité légale qui est distincte de celle du fondateur, je m’explique quelques fois nous voyons que ceux qui portent les projets les fondateurs ou les co-fondateurs.
Souvent il y a une confusion entre le projet… Sign in to continue
I think it’s very important for a young company as soon as she start to formalize its existence.
Formalization is what, it’s already to create a legal entity that is distinct from that of the founder I explain to me a few times we see that those who carry the projects the founders or co-founders often there is confusion between the project and the people who stand by it
What is i… Sign in to continue
Why a founder agreement is essential when you start a company with others
When playing the video, you can change the language of the subtitles and adjust the speed in the video player settings.
Why a founder agreement is essential when you start a company with others 1:37 min
Yele Bademosi is the Founder & Managing Partner of Microtraction — an angel fund based out of Lagos, Nigeria. Prior to Microtraction, Yele was the General Manager and Employee #1 at Starta, a resource platform & community for African Entrepreneurs. He spent a year learning iOS Development & UX/UI design later founding Purple, a social app for university students in the U.K. After Purple, Yele led product design at Rocko Labs, a product development studio and shipped products like Postnote & Clink
Transcript
You’re doing an entity to, even sort of create that argument within the founders. But it’s literally like saying we have, um, hired a group of three to four founders working on an idea together and you know, this is how we planned to split equity between ourselves.
And so, that way you don’t have to show whereby, performance or six months out working on the idea for a while and then you… Sign in to continue
Why a founder agreement is essential when you start a company with others
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