Christmas arrived before December for PH Start-ups last Sunday as Kendall Ananyi, Founder of wifi.com.ng, in true Santa-Claus like fashion, came with a bag of tips to enable start-ups build their companies purely from their personal and operational finances. Kendall spoke on ‘Bootstrapping to a $1m run rate in Africa’ during his mentoring session at the 36th edition of Start-Up Sunday, held last Sunday in Port-Harcourt.
It was eye-opening for some participants and start-up founders. Kendall spoke about how start-ups can self-finance first before seeking investment from venture capitalists or angel-investors. He shared his personal experience failing at setting up several start-ups prior to wifi.com.ng.
He also spoke about how he was able to run wifi.com.ng with his personal finances and from the operating revenues of the company before his company’s participation at Y-Combinator. It was highly interactive as participants were equally prepared with intelligent questions.
Start-Up Sunday’s 36th edition was a bumper package as it also featured a Pitching exercise, Fireside chat, networking sessions, elevator pitch challenge and updates on the Port-Harcourt start-up guide project update. Perhaps the most exciting and inspiring highlight was the mentoring session with Kendall Ananyi, Founder wifi.com.ng.
The Pitching exercise featured two start-ups from students of Rivers State University of Science and Technology, Tank Truck by Daniel Alisi and Tabanatech, a church data management software system by Samuel Adiela. They were also able to receive feedback from participants at the Start-Up Sunday. I was also graced by Start-Up Wizs in Port-Harcourt like Uche Aniche of Venuehero.co and convener Start-Up South and Mayple Dappa, CEO of Fayples.com
In all, Start-Up Sunday’s 36th edition was fun and laughter but most importantly inspirational, educational and thought-provoking. Watch out for the next edition on the 3rd Sunday in July.