These three entrepreneurs listed below peaked by interest.

"The entrepreneur, Modupe was a classic case of what an entrepreneur should never do in front of investors. She walked into the den, fidgeting with a piece of paper in her hands. She read her name and business details out of the paper, and stuttered through her description of the services her company, “Whispers of Love” rendered. Femi Tejuoso was the first dragon to state his dissatisfaction with her lack of poise and composure warning her that she could never inspire the confidence of the dragons in her business if she had to read everything out of a piece of paper. After her quaky presentation, we discovered that she intended to set up a business that aimed at empowering women through paid seminars. She was asking for N5 million and offered 15% equity to the dragons. Alex was almost speechless; he wondered how Modupe expected to raise N5 million with such an unconvincing attitude. Ibukun Awosika pointed out that the service she wanted to charge people for were already available for free in most of the churches in Lagos; therefore she had no commercially viable business. Femi Tejuoso was still appalled by her presentation that he couldn’t resist humorously opining that Modupe should in fact pay the show for the free air time she had received for her business. Modupe lost all the dragons.

Maybe her business name “Whispers of Love” compelled her to whisper her pitch throughout her presentation. What’s your take?"

here is my take Miss Modupe ......you are asking for 5 million eh? You have to come across as someone who is about to change the whole landscape as it relates to your business! Okay, what have you done in your life that you feel you can inspire others? Most motivational speakers usually have had an event in their lives that they use to inspire others. For example, vernice amor, the first african american Woman Combat Pilot. Or in Nigeria, you started a business on a shoestring, a spa and now it has grown to 1million monthly recurring clients (okay maybe this may be a stretch but you get the point). Do not give up Dupe if you are reading this, but take it as a learning experience.

Next entrepreneur:

Building a New House…With Your Business Capital

“Mr. New House” had hopes of expanding his auto-refurbishing and auto-refinishing business with N10 million. He boasted of a turnover of N5 million for the past 3 years, with a profit of N2 million each year, to which John Momoh asked, “why do you think you’ve been making N5 million for the past 3 years- no growth?”, on a further probe by Ibukun Awosika, the entrepreneur confessed to having embarked on a few projects (with his capital?)- And when Ibukun Awosika asked what the nature of the projects were, the entrepreneur proudly announced that he had built himself a house. “If I give you this money, you might just decide to build a second house, or even marry a second wife- a good business man never touches his capital, for this reason I’m out” Ibukun Awosika had declared. The other dragons opted out too, and this entrepreneur went back to his newly built house with no investment.

Honesty…Honesty…Honesty! Is the den a confessional? I still can’t understand why Mr. New House confessed to astute business men and women that he had built a new house with his capital? What you think?

Mr New house please keep that info to yourself in the future. If you are truly an entrepreneur you would be ready to sacrifice a lot and I mean a lot to have your business succeed, for example if you drive a brand new range rover, you must be ready to perhaps downgrade to a simpler car such as Camry for a little while. Live on little and the word of the day is sacrifice a lot! Are you willing to do that? In future, do not say any thing about a new house when requesting venture capital in your investment. NO ONE REALLY CARES!

THIS ONE REALLY INFURIATES ME READERS, I AM PASSIONATE ABOUT TECHNOLOGY AND TO BLOW IT WELL ....YOU NEED TO TAKE SOME CLASSES IN SETTING UP A BUSINESS!


The fourth entrepreneur, David Okafor wanted 25.5 million naira and was ready to give up 20% equity for his mobile enquiry service business. He talked about designing a mobile directory which would offer a bouquet of services from corporate organizations, and making it available to the public through dedicated short SMS codes. His idea sounded bankable at first glance, but when John Momoh inquired into what the 25.5 million naira was to be used for, and David began to talk about hardware and software and other technological stuff, the dragons referred him to the mobile-technology guru Alex Amosu, who soon invested some money (10 million naira) on this idea. Alex Amosu’s investment attracted Ibukun Awosika’s curiosity as she inquired from the entrepreneur if he had any exclusive deal (rights of exclusivity) with the manufacturer of the technology needed to power this product - the entrepreneur’s response was not satisfactory at all; and that revelation forced Alex Amosu to withdraw his initial investment of ten million naira, as he opted out. It was also revealed that the entrepreneur had not even bothered to register a company for this business. The commercial viability of what initially seemed to have been a good idea was unconvincing to the dragons who advised David to go do more work on the idea. They all opted out.

Obv: Whe he was asked: “have you registered a company for this business?” he answered “I’m still working on it”

He was very close to getting an investment, but somehow I got the feeling that he was in a hurry to appear in the den, and forgot to secure the necessary document required to make his pitch fool-proof."

Look before you go before any VCS or this how it is done in NAIJA? You absolutely have to have a registered business. Any one can have an idea but the basics must be set up prior to requesting any investment capital. Whew, OK I am beat. What was your take readers? lets discuss!








DRAGONS DEN NIGERIA THE SCOOP MY TAKE!!


Hey readers check out this cool designer from Sierra Leone

This was originally posted at GOODMagazine.com.

By Andrew Price
Photos by Henry Jacobson

Adama Kargbo was born and raised in Sierra Leone, but moved to New York when she was 12. After graduating from the famous fashion design program at Parsons, she returned to her home country, ravaged by a desperate and brutal civil war, to launch her high-end line.

Sierra Leone isn't the first place you'd think of finding couture, but the country is changing. According to filmmaker Eric Becker, who helped with her first shoot, "It is a world of rural, mud hut villages where cell phone ring tones mix with the sound of baying goats, where chiefs have business cards and gmail accounts. ...where the bottom--still brutally victimized by the trappings of poverty--has begun to connect to a global world at a rapid pace." In this context, Adama's case of reverse brain-drain makes more sense. And while fashion might not heal the wounds of civil war, it may help Sierra Leone realize a more beautiful future"



Adama's line, called Aschobi, is based in Freetown.

Adama had only one model for her shoot. She found the other two girls at a local ex-pat bar.
Adama's clothes give traditional African style an urban twist.

Talking about african twist there is a new social networking site in the works dear readers for African Styles with an Urban twist! Will let you all know when it launches, so you can be part of the whole experience. Love it! For those of you who do not know. Yes Naijagal is on face book now! Lets network on there!

What do you say readers?

CLICK HERE TO ADD NAIJAGAL TO YOUR FRIEND'S LIST

HOT PARSON'S GRADUATE RETURNS HOME CREATES HOT FASHION LINE!!!! A MUST SEE! ADAMA KARGBO



Hey readers thanks for the love yesterday! I really enjoyed the comments, well you asked for it and here they are, the DRAGON'S DEN'S DRAGONS!




1. Media entrepreneur and Channels TV owner John Momoh,
2. British-born ringtone millionaire serial entrepreneur Alexander Amosu,
3. Marketing guru Chris Parkes, award-winning businesswoman Ibukun Awosika,
4. Finance whizz-kid Femi Tejuosho
5. Venture capitalist businesswoman Tokunbo Ishmael.

Just in case you are wondering what this show is about check a clip from the UK version of the DRAGON'S DEN!



As you requested I have delievered, I must say I am looking forward to the show it should be a lot of fun. Maybe I could throw in an application, a request for a full featured magazine called Naijagal. How about it readers? What do you say to that?

WORLD PREMIERE VIDEO!!!! SASHA THE ONLY ONE SIMPLY HOT HOT HOT!+ THE DRAGONS DEN NIGERIA'S DRAGONS REVEALED!!

Hey there readers! I decided to finally have a full post! Wow so much to talk about today; as you can tell I am pretty excited about whats good in Naija! Okay here goes.

First stop as always is uber designer Emmy Collins line at Posh Cafe recently. I must say Emmy certainly is one of the most talented designers in the industry.




Next stop the DRAGON'S DEN COMES TO NIGERIA!!! I am super excited once again about this one, why? because it is a show that depicts what I love and that is a chance at entrepreneurship. If you have a great idea, the dragons (venture capitalists) would fund your idea!

Hmm maybe I should submit my idea uh? What do you say readers? The show originally from the UK is set to start on and I will be watching intently. It had better be good.

Now to the main treat today readers, the hotties, can I say that? Yes because I am Naijagal and I will! Well you can listen to my PODCAST below on my thoughts. But before you listen here are the interns.

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To the left is
ADEWALE SHINABA

AGE 29
HOMETOWN: LAGOS
COLLEGE: OBAFEMI AWOLOWO UNIVERSITY
Degree: B.Sc INTERNATIONAL RELATIONS

Next we have
ADAOBI EGBOSI

AGE
27
HOMETOWN
ANAMBRA
TRAINING TERRAIN
UNIVERSITY OF BENIN
DEGREE
B.Sc SOCIOLOGY & ANTHROPOLOGY
NICKNAME
Papi


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To the right :
EYEOWUNMI OMA-PEDRU

AGE 29
HOMETOWN DELTA STATE
COLLEGE/UNIVERSITY :UNIVERSITY OF ILORIN
DEGREE:B.Sc GEOGRAPHY

To the left:
ESTHER CHUKWUMA

AGE 24 HOMETOWN ANAMBRA
SCHOOL: CONVENANT UNIVERSITY
DEGREE: B.Sc ACCOUNTING

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To the right : OLUWAFEMI APESIN

AGE 25
HOMETOWN LAGOS
COLLEGE: UNIVERSITY OF ILORIN
DEGREE B.Sc BIOCHEMISTRY

To the left: GBEMI SAPPOR

AGE
23
HOMETOWN
LAGOS
UNIVERSITY: CONVENANT UNIVERSITY
DEGREE: B.Sc ECONOMICS

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To the right :

JIMMY ABIA
AGE
26
HOMETOWN
IMO STATE
TRAINING TERRAIN
ENUGU STATE UNIVERSITY OF TECHNOLOGY
Degree
LLB LAW

To the left:

GBOJUNBOLA BABALOLA
AGE

28
HOMETOWN

EKITI STATE
TRAINING : COLLEGE OF MEDICINE, UNIVERSITY OF ILORIN
MBBS MEDICINE & SURGERY

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To the right : ELIZABETH JOHN

AGE
23
HOMETOWN
KADUNA
TRAINING
AHMADU BELLO UNIVERSITY
Degree B.Sc BUSINESS ADMINISTRATION

To the left:

LILIAN PAUL
AGE
24
HOMETOWN
EDO STATE
TRAINING UNIVERSITY OF MAIDUGURI
Degree B.Sc PHYSICS

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To the right :

NNEKA AGHADIUNO
AGE
27
HOMETOWN ANAMBRA
TRAINING: ABIA STATE UNIVERSITY
Degree B.Sc ENGLISH & LITERATURE STUDIES

To the left:

MILICENT EZUMEZU
AGE
26
HOMETOWN DELTA STATE
TRAINING TERRAIN NNAMDI AZIKIWE UNIVERSITY
Degree B.Sc ACCOUNTING
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To the right :VICTOR UDOM
AGE
27
HOMETOWN AKWA-IBOM STATE
TRAINING TERRAIN UNIVERSITY OF CALABAR
Degree B.Sc ACCOUNTING

To the left:

OSITA NWOYE
AGE
25
HOMETOWN
ANAMBRA
TRAINING TERRAIN
KINGS COLLEGE LAGOS + UNIVERSITY OF BENIN (interesting something about the kings college men....apparently he is the only one to add his high school)

B.Sc ELECTRICAL & ELECTRONICS ENGINEERING


And Finally hottie Sola (oops I mean Mr SOROSOLA BARTON)
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AGE
28
HOMETOWN
LAGOS
TRAINING TERRAIN
UNIVERSITY OF LAGOS
Degree B.Sc ECONOMIC

An interesting fact about Sola his nickname is the "Thinking Man" and in Sola words
"My late dad was Alan Barton while my mum is Jaiye Dawodu. My mum is a Nigerian while my father was British. I was brought up essentially by my grandmother and I love her so much. I have numerous uncles, aunts and cousins." He also plays football or soccer to folks reading from the US.

Whew finally had a full length post. What do you say readers? Common I know this post deserves a comment and by the way I appreciate the words.

my podcast today!!



Comment | Copy This







NAIJA'S OWN UBER DESIGNER EMMY COLLINS LINE + THE HOTTIES OF THE INTERN SHOW!+DRAGONS DEN NAIJA!!



photos by jamoe silas; photo editing by naijagal

CONGRATS! 9ice and superb entrepreneur Toni (whom I admire) got hitched today! Congrats from Naijagal. Her wedding dress is stunning and 9ice's suit is dapper. Ah love is a wonderful thing.

Update: The full story culled from thisdayonline

"The early morning drizzle was totally unexpected. The night was warm, and as dawn approached, there was no sign rainfall was approaching. Well, it didn’t rain, after all. It was just the drizzle, rushing and consistent, that created a community of droplets on windscreens, and left many commuters half-wet.

It was Thursday July 17. To many, this was just another day. But to close friends and family members of 9ice, the intermittent drizzles on a morning the weather man predicted as ‘warm and sunny’ were a sign that this was no ordinary day.

The 28 year old singer finally took the bold step, last Thursday, as he walked down the aisle with his fiancée Anthonia Oluwaseun Payne.

While most of his female fans and admirers were still asleep, curled up in bed and listening to the radio, 9ice took close friends and family members to a registry in Surulere local government where he exchanged wedding vows with ‘Toni.

9ice announced his engagement to Toni early this year, promising they would tie the knot before year-end.

His bride, a US-based entrepreneur returned to the country last Monday to prepare for the wedding.

The couple arrived the local government secretariat, at a few minutes before 9 am, in the company of family members and bodyguards. 9ice looked smart in a black suit while his bride wore a white V-neck gown.

Quiet and devoid of all fanfare, the wedding lasted for half an hour, as the registrar Mrs Tola Awoliyi counselled them, made them sign the wedding register and exchange rings. At about 9:30am, she pronounced them husband and wife: ‘may I introduce to you, Mr and Mrs Abolore Akande’, she told the excited audience, as the hall was overtaken with wild jubilation. 9ice and Toni shared a kiss, clinging to one another for more than a few minutes.

The formal wedding at the registry was later followed by a traditional wedding at Abiona close, off Falolu Street, Surulere, Lagos."

NEWSFLASH!! CONGRATS! 9ICE AND TONI PAYNE GOT MARRIED TODAY!!

Who cares?


The miss Universe contest occured last night, while Miss Nigeria did not make top 15, she however did look stunning as you can see. Stephanie did a good job and Naija folks should be very proud of her.....

The gown above is simply stunning and Naijagal is certainly loving the traditional ensemble below. I bet the guys like the swimsuit selection. What is it about swimsuits and guys? Readers any ideas?

Here she is Miss




AGE: 21 | HEIGHT: 5'11" | HAIR COLOR: BLACK | EYE COLOR: BROWN

HERE SHE IS MISS UNIVERSE NIGERIAN CONTESTANT!! AND THE WINNER IS......


SONG: Street Credibilty
Directed by Clarence Peters, the hottest producer right about now. Love the video or what do you say readers?

WORLD PREMIERE! BRAND NEW 9ICE OFFICIAL VIDEO!


Sanaa Lathan and Adewale Ogunleye hit up the Essence Festival this weekend in New Orleans. They make a lovely and down to earth couple! Wouldn't you say?

NICE!! SANAA AND NAIJAS OWN ADEWALE GOING STRONG PICTURES!!!!


Okay so this is actually a rumour but they definitely look cozy together if we may say so ourselves!

Here is some facts about Micheal Essien for readers who may be hearing about him for the first time.

"MICHAEL ESSIEN, 25

Known For: Midfield playmaker for Chelsea, his £24m transfer fee

Lives: Huge mansion in Surrey

Earns: £90,000 a week

Drives: Porsche

Drinks: Cristal champagne at £400 a bottle

Loves: Dating Ghanaian actress Nadia Buari " sun


hmmm... not bad or what do you have to say readers!

WOW READERS HAPPY INDEPENCE DAY!! NICE HOT PICTURE! NADIA AND HER STAR FOOTBALLER GUY ENGAGED?

Okay readers, I thought about it and I have decided this, every Wednesday you would recieve a full length movie on Naijagal from NOLLYWOOD'S stable. If you have never had a chance to watch a nollywood movie well here is your chance.

BREAKUP 1 STARING GENEVIEVE NNAJI AND RAMSEY NOAH (same move
PART 1


PART 2


PART 3


PART 4


5


6


Okay readers enjoy the movie while I prepare today's post.

MID WEEK FULL LENGTH MOVIE! BREAK UP! STARING GENEVIEVE NNAJI AND RAMSEY NOAH!

GET YOUR PRODUCT OUT HERE