'There's No Business Here. This Is Called 419!' - Paul Onwuanibe Rips Into This Entrepreneur

Jude Imhanriaegbe came in to the Den to pitch his business, Manufacturing Hub Limited, a POS manufacturer.
Asking for N20 Million in return for a 10% stake in his company, he however failed to convince the Lions on how legitimate his business.

[godstimeebiega]

He has been going to seminars listening to motigbetional speakers.

[eboseremenailenotor]

“Plenty of energy but there's no business”. Exactly what she said.

[ojodaniel]

A minute into this guy's presentation and I was already feeling ashamed for him. Dude was just beating about the bush.
Baba wan carry the Lions money trabaye 🤣

[eboseremenailenotor]

“It's not just passion that drives business. It's knowledge, skills, devices & a whole host of coders to build something as simple as a POS Terminal.”

[raphaelemmanuel]

I believe Jude had no idea that he has no idea of what he was into and would be meeting people who has a lot of ideas about what he has no idea about

[growwithdez]

This guy thought he came for a job interview, he spoke more about his work experience than the product he is building. He truly wanted to use the money for something else

[tobi.oyedero]

700k personal Investment in a business worth 200m (potentially). It doesn't add up. They asked for facts, he replied with stories. Let's be honest, such idea can't float.

[wisdom]

Phrases I can't let go off my head
"Here comes Jude, with a straight face and levelled head"
"All we have done is to build a hungry team"
"I have been unsettling as a child"
"The financial burden has been on me, I have personally invested 700k"
"By then I have gotten admission into university doing medicals"

[ajiedivine]

This man's business pitch is the proverbial of building castles in the air. Lol

[montfortchisom]

How do people get this kind of opportunities without doing adequate preparation and consultation. Quite funny!

[samadegun]

Without discounting the fact that this guy may have a vision…. I have to say he seems to be the example of what’s wrong with entrepreneurship in Nigeria (and am only using Nigeria as an example) people think oh! I just need the money to start business…. Or once I get the money I will do this or do that.
It doesn’t work that way, you have to be ready for when the opportunity will come and not the other way round.

[realkenokay]

This guy crammed the whole presentation.
Proof of Knowledge and Understanding is simplicity in explanation.

[thoughtfulquestions]

😹😹 business is worth 200m and he invested 700k

[Mac_TO]

Telling him that he needed the money for something else was an indirect and polite way of telling him he's scammer.

[greatndah]

“The finicicial burden has been on me”
“I personally invested #700, 000”
And supposedly the company is worth #200mil. HOW, cuz I’m lost here 😂😂😭😭

[dekev]

My guy thought that this was going to be like reciting memory verse in Sunday school 😂. I was actually very impressed by how intelligent and highly knowledgeable the lions were.

[arigbedeabiodun]

This guy just want to collect money and use it to carry baddies in Lekki😂😂😂

[Velvet_by_Ruby]

Some people's business is at this stage and they are somewhere blaming there rich uncles of not supporting their business. I mean, who finances a business that doesn't have products, services and clarity?
This is a great lesson.

[asogwasamuel]

This is exactly when some one got first class today in school with no practical knowledge

[Luismanameis]

This is so confusing and distracting. I don't understand why he is here and there.