Executive Director at The BCS Group Limited
Expertise: Telecommunications, Computer Networking, Information Technology and Services
from Catherine Nganga
"I need your help..please check out my start up and tell me what you think.
Thank you in advance"
"David was more than inspirational last year especially when we did not have enough confidence to pull through the start ups. We are grateful and look forward to an awesome year ahead."
from Ngugi Gikonyo
"Very sober and inspiring business leader who sees and knows where to go and how to get there."
from Mr. Majani
"David helped everyone in the way he broke the ice before the pitches, and helped us relieve some tension."
from Edgar Ruthiiri
"David is great at helping tech startups move from idea stage to a real world business."
David Owino to FollowersWithin a space of One week, Safaricom has launched products similar to 2 high profile 'HumanIPO Products'. 6 Degrees and M-Save. Is it an issue of Idea Vs Execution? What does this portend for small start-ups who would want to use the mobile networks as their distribution channels? Do they have to have the same level of muscle to successfully launch? Is this a closed window or is this just a bad coincidence?
Michael JacksonIt's often said that ideas are cheap, and that execution is everything. That seems to ring true here. I do think though in Kenya, it's a question of the stage of development in the innovation ecosystem. As startup environments develop you often see a change in the M&A approach of large, local corporates as they go from a mentality of "let's build it ourselves" to "let's buy it". There's an inflexion point where a large corporate just looks at what is fastest and easiest to do, build internally or acquire. Sometimes it's also a question of who do they trust more to build the tech the right way, their guys or the startups that are out there. It also doesn't help that Safaricom's market share let's them dictate so much.
LeonardReally good to see that somebody noted this as it happened. I actually caught up and had a chat with Davi from 6ix Degrees yesterday and we reflected on a few things that had happened over the past month.
On Ideas vs. Execution:
I agree with everyone that ideas are plenty and anyone with enough resources can pick and execute any idea. But most important for me would be the team behind the idea. I think it should be in every investor's mind to invest in the people rather than ideas. Ideas go through lots of obstacles that anyone who doesn't have the guts to find a way around them would easily quit. Obstacles are there and we wake up every morning expecting them as entrepreneurs. It's part of normal life.
First it was Davi from 6ix degrees and Tusquee who got hit hard when safcom changed their policies on international sms with custom alphanumeric terminating to Kenya. Then came the contacts backup, then the whole of the past week the change in SMS policy.
//these are part of normal life and everyone should expect and plan.
On M-Shwari and M-SAVE:
M-Shwari is much close to the version 1 of M-SAVE here: http://www.humanipo.com/M-SAVE-AKIBA-PAMOJA/v1
The first time we publicly pitched was at JA's event in March 2011 then at IPO48 on 12th August 2011 at the *iHub_. Of course we've been busy solving problems as we face them including after we heard of a Ugandan pitching the same in Kampala last year Nov.
At the core of M-SAVE is to cultivate a savings culture in Kenyans and that so far from the research we've done, can be done by integrating savings to expenditure. I mean, you have a bank account that you can put money as savings at the end of the month but how many of us save?
M-SAVE is still aimed at making saving simple,effortless and integrated to expenditure. This still is not being addressed by M-Shwari so we see the gap.
As always, obstacles always present opportunities and we've seen a rise in interest since the launch of M-Shwari and let's leave it at that.
On preventing big corporates from implementing?
Anyone with an idea on how to do this? I should ask Elisha Ondijo if he has tried patenting anything in Kenya...
David Owino to FollowersDear all.
BCS Group wants to build a platform that works like the Apps Store and that will allow all the budding startups to host and monetize their applications complete with Visa, MasterCard and Mpesa/Mobile money intergration. If you are interested in building the platform, hosting your application on the platform and making a contribution towards the development of the platform, please let me know.
Anietie Martinswe are already working on an application to place on the APP store, we have a team of developers (web/mobile) we will like to contribute in the areas of infusing mobile payment solutions to reach everyone in the African community. Martins From Nigeria also an applicant for 88mph 2012.
David Owino to FollowersKenyan Internet Users up to 14.5 million. This means anyone on teh Internet can potential address 14.5 million customers. However what type of users are these? what do they do online? How do they get classified as users? Did they press thebrowser once or are they people who are actually online. Does anyone know. If you have an answer please let me know.