<center><img src="https://i.imgur.com/aQgLoDy.jpg"/></center> [source](https://brandportal.naspers.com/naspers/company-logos) I was chatting to one of my army buddies a few years ago who happens to work for Naspers. For those of you who don't know about them they have been around since 1915 based in South Africa and are a global investor involved with global internet via online advertising and one of the worlds biggest players in future tech developments. What he mentioned didn't make business sense as we were chatting about budgets at the time and mine was always worked out on profits. They did things differently as many of the companies they have run at losses hoping for one day to turn over a profit. They are Venture capitalists and invest wisely. They bought 46% of Tencent a few years back in 2009 for $32 million and is now valued at $1 Trillion. <center><img src="https://i.imgur.com/y5Yu0pH.png"/></center> [source](https://www.southafricanmi.com/naspers-npn.html) One of their companies which they own (95%) is called Takealot which is South Africa's equivalent of Amazon. If you look at both companies they both started off in similar fashion losing bucket loads of money for many years. Without constant investment both companies would not be around today as profits didn't pour in from day one or even year one. <center><img src="https://i.imgur.com/eXo8zZa.jpg"/></center> [source](https://www.nbc26.com/news/local-news/amazon-warehouse-opening-in-greenville) Amazon started off in 1994 and never saw profit for 10 years. This could be a little misleading depending on how you look at it as every cent made was reinvested back into the business making what it is today. They have huge debts reportedly in the region of $24 Billion which should drop over time. Amazon as a company is worth over $1 trillion so the 24 Billion debt is a drop in the ocean with all things considering. Takealot started out 15 years later than Amazon in 2009 and also lost billions each year establishing the business. Naspers kept funneling the cash to grow this disruptive business as that is exactly what they were doing. Retailers should have paid heed and countered spending small fortunes to reduce the impact, but they didn't. Last year was the first year Takealot made a profit which is the same time frame Amazon had. Lock downs would have justified their spend as the company took off. Money makes money and this proves one needs to spend big to make it big. Nando's is another business that took time to turn a profit as their first international store was set up in Earls Court, England 1992 and I tried to get my hands on one in 1995. At this point they were running at a loss and they still denied me a franchise unless I moved to Birmingham. I should have moved but that took them 4 years to turn 1 cent profit and now look at them today. This just shows that something new takes time and needing deep pockets to fund these ideas is a must. People take time to change their habits and even if you build it there is no immediate guarantee of overnight success. This takes time as you can see from the likes of Amazon as 10 years is nothing considering what they are worth now. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@cryptoandcoffee/paying-to-play)
author | cryptoandcoffee |
---|---|
permlink | paying-to-play |
category | hive-167922 |
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created | 2021-02-14 19:08:24 |
last_update | 2021-02-14 19:08:24 |
depth | 0 |
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voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
tombstone | 0 | 19,494,872,261 | 0.9% | ||
hitmeasap | 0 | 1,339,845,015 | 75% | ||
bidnat | 0 | 74,780,795 | 6% | ||
uwelang | 0 | 87,843,157,305 | 9% | ||
sift666 | 0 | 117,220,545,612 | 20% | ||
ahmadmanga | 0 | 879,490,281 | 6.3% | ||
tarazkp | 0 | 1,829,308,289,734 | 29% | ||
filotasriza3 | 0 | 10,745,658,921 | 20% | ||
thatsweeneyguy | 0 | 973,585,333 | 4.5% | ||
roomservice | 0 | 3,309,662,454 | 2.25% | ||
rycharde | 0 | 770,505,330 | 10% | ||
samotonakatoshi | 0 | 49,874,437,127 | 100% | ||
adambarratt | 0 | 4,944,896,433 | 26% | ||
themarkymark | 0 | 2,745,166,064,862 | 12% | ||
igrinov | 0 | 4,378,389,229 | 25% | ||
razack-pulo | 0 | 122,941,452,468 | 100% | ||
bahagia-arbi | 0 | 985,752,414 | 4.5% | ||
pele23 | 0 | 113,120,780,963 | 30% | ||
accelerator | 0 | 62,183,458,269 | 5% | ||
buildawhale | 0 | 7,825,292,025,211 | 12% | ||
holbein81 | 0 | 6,612,141,733 | 26% | ||
voxmonkey | 0 | 428,097,062 | 100% | ||
therealwolf | 0 | 1,091,230,658,484 | 3% | ||
roleerob | 0 | 19,628,189,365 | 4.5% | ||
rodent | 0 | 4,885,161,249 | 23.4% | ||
makerhacks | 0 | 32,575,897,771 | 12% | ||
princeemmanuel | 0 | 706,020,849 | 100% | ||
smartsteem | 0 | 187,627,241,191 | 3% | ||
chekohler | 0 | 51,405,151,527 | 11% | ||
tpkidkai | 0 | 8,274,181,871 | 13% | ||
saoirseronan | 0 | 595,853,664 | 100% | ||
upmyvote | 0 | 7,540,150,992 | 12% | ||
tosyne2much | 0 | 471,347,229 | 50% | ||
hetty-rowan | 0 | 1,037,376,456 | 2.6% | ||
philnewton | 0 | 5,456,938,097 | 75% | ||
tobias-g | 0 | 682,918,631 | 9% | ||
bet1x2 | 0 | 589,965,898 | 100% | ||
upfundme | 0 | 482,736,132 | 6% | ||
bozz | 0 | 67,580,694,600 | 10% | ||
movement19 | 0 | 957,133,755 | 3% | ||
erikah | 0 | 928,932,535,928 | 100% | ||
bil.prag | 0 | 77,995,181,384 | 15% | ||
sbi2 | 0 | 203,512,505,028 | 62.91% | ||
dera123 | 0 | 233,564,680,820 | 50% | ||
gadrian | 0 | 4,932,803,914 | 3.15% | ||
kgakakillerg | 0 | 36,460,618,037 | 10% | ||
superlao | 0 | 16,508,026,879 | 49% | ||
devilsdad | 0 | 3,852,693,862 | 80% | ||
spamfarmer | 0 | 6,311,715,966 | 100% | ||
luminaryhmo | 0 | 3,803,911,660 | 100% | ||
abacam | 0 | 669,587,762 | 100% | ||
abcor | 0 | 7,306,029,025 | 100% | ||
novartix | 0 | 921,011,518 | 100% | ||
misterios | 0 | 581,308,083 | 100% | ||
corill | 0 | 584,873,928 | 100% | ||
xmedia | 0 | 891,292,605 | 100% | ||
bkt | 0 | 896,214,337 | 100% | ||
xcore | 0 | 1,530,027,665 | 100% | ||
luppers | 0 | 9,868,083,262 | 13% | ||
voxmortis | 0 | 868,455,704 | 0.5% | ||
alokkumar121 | 0 | 1,368,088,596 | 0.45% | ||
dalzphoto | 0 | 9,123,753,011 | 80% | ||
marvinix | 0 | 2,669,751,140 | 100% | ||
devann | 0 | 519,798,619,430 | 100% | ||
khan.dayyanz | 0 | 930,147,845 | 5% | ||
ctime | 0 | 283,447,812,611 | 4% | ||
goodcontentbot | 0 | 808,058,384 | 15% | ||
maskuncoro | 0 | 3,396,760,172 | 50% | ||
blockbeard | 0 | 1,447,957,733 | 100% | ||
hashkings | 0 | 2,015,340,935 | 1.35% | ||
jamys | 0 | 888,140,537 | 100% | ||
briatore | 0 | 540,087,919 | 100% | ||
europa1 | 0 | 580,563,998 | 100% | ||
sferaz | 0 | 580,788,587 | 100% | ||
norba | 0 | 893,674,926 | 100% | ||
engrsayful | 0 | 4,601,611,543 | 5.4% | ||
xfox | 0 | 580,576,932 | 100% | ||
erikahfit | 0 | 13,051,842,747 | 100% | ||
epicdice | 0 | 2,308,107,611 | 0.9% | ||
eliptic | 0 | 581,497,812 | 100% | ||
amaros | 0 | 580,832,772 | 100% | ||
qaap | 0 | 894,593,762 | 100% | ||
pompeo | 0 | 1,207,277,941 | 100% | ||
sfrd | 0 | 1,204,671,759 | 100% | ||
brazid | 0 | 891,446,236 | 100% | ||
korta | 0 | 891,352,741 | 100% | ||
hortex | 0 | 893,725,172 | 100% | ||
fres | 0 | 894,096,544 | 100% | ||
vakum | 0 | 894,465,503 | 100% | ||
megavest | 0 | 1,609,171,612 | 9% | ||
gadrian-sp | 0 | 647,459,871 | 3.15% | ||
leedsunited | 0 | 6,432,090,386 | 100% | ||
botony | 0 | 0 | 1.15% | ||
haxxdump | 0 | 114,375,327 | 10% | ||
travelwritemoney | 0 | 2,092,092,859 | 9% | ||
joker777 | 0 | 587,133,650 | 100% | ||
tiffin | 0 | 711,088,506 | 13% | ||
abh12345.leo | 0 | 376,718,851 | 8.1% | ||
abh12345.sports | 0 | 4,350,406,395 | 100% | ||
leo.voter | 0 | 8,065,950,605,917 | 9% | ||
freddio.sport | 0 | 16,396,902,235 | 100% | ||
babytarazkp | 0 | 3,951,913,743 | 50% | ||
cards4u | 0 | 595,316,942 | 100% | ||
addax | 0 | 1,069,457,493 | 100% | ||
taskmaster4450le | 0 | 60,878,140,683 | 26% | ||
cryptoandsports | 0 | 11,700,871,050 | 100% | ||
virus77 | 0 | 868,269,420 | 100% | ||
brusports | 0 | 707,045,771 | 100% | ||
h77 | 0 | 927,230,082 | 100% | ||
maxuvd | 0 | 27,860,955,813 | 8% | ||
brocfml | 0 | 980,450,498 | 100% | ||
tmps | 0 | 934,172,301 | 6% | ||
mary.janikowski | 0 | 2,041,361,901 | 100% | ||
spinvest-leo | 0 | 3,995,763,982 | 13% | ||
sullijay1 | 0 | 846,572,417 | 60% | ||
tonimontana.leo | 0 | 649,208,501 | 38.8% | ||
tonimontana.neo | 0 | 0 | 1.45% | ||
bozz.sports | 0 | 23,039,331,260 | 70% | ||
cabinet24 | 0 | 1,635,518,945 | 100% | ||
javb | 0 | 1,242,833,803 | 15.6% | ||
snoochieboochies | 0 | 2,920,309,014 | 4.5% | ||
peacefighter | 0 | 583,242,129 | 100% | ||
firstwave | 0 | 578,241,427 | 100% | ||
forwardassault | 0 | 581,049,854 | 100% | ||
samotrader | 0 | 1,738,303,318 | 100% | ||
arsenal4life | 0 | 5,459,361,206 | 100% | ||
jeline.sports | 0 | 1,035,601,189 | 90% | ||
empoderat.leo | 0 | 17,590,944 | 26% | ||
gogoo | 0 | 586,105,305 | 100% | ||
fitzmagic | 0 | 1,217,058,326 | 100% | ||
toni.pal | 0 | 0 | 1.46% | ||
gimp | 0 | 37,000,821,543 | 5% | ||
onestop | 0 | 1,293,610,294 | 4.5% | ||
monstergateway | 0 | 894,112,518 | 100% | ||
speedwinning | 0 | 583,599,868 | 100% | ||
savageduels | 0 | 894,106,728 | 100% | ||
splinterembassy | 0 | 580,835,877 | 100% | ||
playitout | 0 | 584,109,204 | 100% | ||
pinksplinter | 0 | 580,192,687 | 100% | ||
platino94 | 0 | 2,437,047,388 | 26% | ||
cabinet24.sports | 0 | 779,848,822 | 75% | ||
edaz | 0 | 586,554,543 | 100% | ||
qtu | 0 | 585,523,890 | 100% | ||
shinoxl | 0 | 6,831,643,825 | 100% | ||
balomyt | 0 | 1,172,955,689 | 100% | ||
hivebuzz | 0 | 3,510,452,769 | 2% | ||
leofinance | 0 | 13,815,919,170 | 9% | ||
hesoyam | 0 | 4,239,705,236 | 100% | ||
asnaeb | 0 | 8,300,416,668 | 100% | ||
baguvix | 0 | 3,339,979,480 | 100% | ||
beewolf | 0 | 72,534,712 | 39% | ||
neo2 | 0 | 585,911,006 | 100% | ||
kravata | 0 | 587,321,998 | 100% | ||
morpheus2 | 0 | 585,620,478 | 100% | ||
trinity2 | 0 | 590,372,403 | 100% | ||
quello | 0 | 874,285,157 | 9% | ||
globalcurrencies | 0 | 15,244,009,456 | 13% | ||
hiveonboard | 0 | 5,098,845,047 | 2.25% | ||
actioncats | 0 | 3,230,166,141 | 5.4% | ||
beehivetrader | 0 | 1,396,971,155 | 4.5% | ||
poshbot | 0 | 6,747,994,252 | 12% | ||
onlety | 0 | 1,153,348,364 | 100% | ||
xyes | 0 | 1,153,385,760 | 100% | ||
pdnejoh | 0 | 3,543,896,532 | 100% | ||
hivecur2 | 0 | 891,319,268 | 5% | ||
recoveryinc | 0 | 24,876,761,165 | 6% | ||
deadswitch | 0 | 946,538,966 | 26% | ||
cryptosimplify | 0 | 92,336,103,950 | 100% | ||
vtol79 | 0 | 305,718,290 | 100% | ||
discohedge | 0 | 5,823,082,122 | 6% | ||
leoneil.leo | 0 | 0 | 9% | ||
borbolet | 0 | 11,391,044,983 | 30% | ||
eddie-earner | 0 | 2,086,730,080 | 26% | ||
yousaf-sports | 0 | 2,819,070,717 | 30% | ||
revise.stem | 0 | 697,646,742 | 100% | ||
lbi-token | 0 | 93,282,127,242 | 26% | ||
ripazha | 0 | 5,308,831,635 | 100% | ||
jumpjet | 0 | 10,040,832,004 | 100% | ||
dannychain | 0 | 1,122,938,645 | 13% | ||
hypnochain | 0 | 63,486,108 | 13% | ||
uzumymw | 0 | 4,215,145,991 | 100% |
Man, I can't believe that it was that long ago that Amazon started. I was just graduating high school. That just doesn't seem right! :) Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@bozz/re-cryptoandcoffee-477utt)
author | bozz |
---|---|
permlink | re-cryptoandcoffee-477utt |
category | hive-167922 |
json_metadata | {"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@bozz/re-cryptoandcoffee-477utt"} |
created | 2021-02-15 14:21:51 |
last_update | 2021-02-15 14:21:51 |
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Big corps work in different worlds than we do. They raise so much capital by selling stock, they can lose money for a long time and still be ok. You and I, especially young versions of us, need to "make a profit" very soon or we are on the street. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@captaincryptic/re-cryptoandcoffee-2yqkes)
author | captaincryptic |
---|---|
permlink | re-cryptoandcoffee-2yqkes |
category | hive-167922 |
json_metadata | {"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@captaincryptic/re-cryptoandcoffee-2yqkes"} |
created | 2021-02-15 01:03:06 |
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---|---|---|---|---|---|
captaincryptic | 0 | 1,655,119,653 | 100% |
I worked for kalahari.com and takealot and it was probably one of the most fun jobs I ever had, having lots of budget to do cool shit was fun and we broke a lot of ground and leaned valuable lessons Takealot also acquired superbalist which merged with spree and they have MR D and MR D food so they’ve consolidated operations and have two of the biggest sites in the country Having consulted for other local retailers too like Raru I know a fair bit of what’s going on in the space The traditional retailers are also too far behind, takealot have cornered the local talent and the other good Ecom guys have all either founded a start up or moved overseas They actually have no competition in the space for pure Ecom and none of the big box stores have what it takes to take them on I’m sure next is moving into Africa although Jumia has a big hold there as well as Konga in Nigeria will be tough to compete against Naspers also used to own price check and I’m not sure if they still own OLX but we all used to work together back when I was there
author | chekohler |
---|---|
permlink | re-cryptoandcoffee-qojd1l |
category | hive-167922 |
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created | 2021-02-14 20:32:12 |
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---|---|---|---|---|---|
cryptoandcoffee | 0 | 127,344,036,855 | 10% |
As far as I know OLX is still theirs. Most people in this field have left or started their own. Know someone who has got their going and will take a few years to make profit yet the business seems to be doing well and growing. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@cryptoandcoffee/re-chekohler-7bjadb)
author | cryptoandcoffee |
---|---|
permlink | re-chekohler-7bjadb |
category | hive-167922 |
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created | 2021-02-14 20:36:57 |
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Congratulations @cryptoandcoffee! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) : <table><tr><td><img src="https://images.hive.blog/60x60/http://hivebuzz.me/badges/postallweek.png"></td><td>You have been a buzzy bee and published a post every day of the week</td></tr> </table> <sub>_You can view your badges on [your board](https://hivebuzz.me/@cryptoandcoffee) and compare yourself to others in the [Ranking](https://hivebuzz.me/ranking)_</sub> <sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub> To support your work, I also upvoted your post! **Check out the last post from @hivebuzz:** <table><tr><td><a href="/hivebuzz/@hivebuzz/valentine-2021"><img src="https://images.hive.blog/64x128/https://i.imgur.com/ye2hK66.png"></a></td><td><a href="/hivebuzz/@hivebuzz/valentine-2021">Valentine's day challenge - Give a badge to your beloved!</a></td></tr><tr><td><a href="/hivebuzz/@hivebuzz/tour-introduction"><img src="https://images.hive.blog/64x128/https://i.imgur.com/fGvKvvn.png"></a></td><td><a href="/hivebuzz/@hivebuzz/tour-introduction">Time to go on your Hive Tour</a></td></tr></table>
author | hivebuzz |
---|---|
permlink | hivebuzz-notify-cryptoandcoffee-20210215t021720000z |
category | hive-167922 |
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