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Tim Kipchumba Profile picture
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7 Jun, 5 tweets, 2 min read
Record WORST way to ship Goods into Kenya is by @FedEx.

-Almost Always 15 late even for air shipments
-Most lousy partner locally in Kenya
-Phones that barely go through.
-Bad end to end service.

Why don’t they just stop this business?
From anywhere (China, USA). Look at customer reviews Image
Customer reviews.
Bad service.
Unreliable.
Crazy fees.
And more Image

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More from @TimKipchumba

Tim Kipchumba Profile picture
8 Jun
Passive INCOME, Untold Project Stories & my progress with a small tiny studio project

Last year, following my own advice to generate a small passive target $, i raised $130K from - my Sacco, friends & savings, i decided to develop a property.

Here is what happened (thread)
Owned the land from before. about 800 metres from Campus, good tarmac road and some retail shops. And determined that I could potentially develop studios - self bed roomed. Outperformed competition in value (better rooms, internet, 3 phase power etc). Projected completion in June
Added buffer of 3 months. campus open in Sept. So ideal plan. And went about doing the case project. Found a fantastic super honest project supervisor. And then with know how of material savings...Begun.
Read 12 tweets
Tim Kipchumba Profile picture
22 Apr
Anxiety antidote: Gratitude & Grinding
I’m the last person to be anxious. Yet I am often. Today I remember my late dad earned $30/per month when I was in high school & I won @WorldVision scholarship. My pocket money for 3 months at @StrathU was $30. I won, @EABL_PLC scholarship.
I think progress measured in decades amounts to significant change- both in wealth, knowledge and character. What i see in modern life is that we forget, we socialize up and generally don’t remember where we have come from. Life changes a lot. It changes Better
Note to self:
Remember where you have been.
Stick to your the journey.
Help along the way.
Breathe. Sleep. Work out.
Be grateful.
Commit to your friends and family.
Make some change!
Read 4 tweets
Tim Kipchumba Profile picture
18 Apr
Startup Goal:

Learn what to Build to meet customer needs

How:
-Generate ideas
-Build ideas into products.
-Turn products into engine of growth.

- @ericries
Most important Questions when building a startup

- What do we BUILD that offers validated value?
-How do other customers get to know?
Most important activity early on:

-Get out and speak to customers!
Read 12 tweets
Tim Kipchumba Profile picture
21 Jun 20
Solar Power, Case and Investment Thesis (for corporate/industrial companies) and all of us end user (thread). Inspired by Blackout tonight.

Here is how your electricity bill looks like. The main numbers to think about are the consumption units and the total monthly bill.
How does this look over the year? There are months you spent significantly higher.
Pay attention to the unit cost- consolidated tax inclusive cost is around 21.93 Kes/unit to Kes 23.64. Or an average of , $22cents/unit
Could #solar be a viable solution? Here is why we should consider it to begin with:

-Uses rooft, that we often don’t use.
-Massive advances in tech (inverter, panel and optimizers)
-More knowledgeable EPC/designBuild companies like @QuestworksKenya
-plenty of sun ☀️ here
Read 9 tweets
Tim Kipchumba Profile picture
21 Jun 20
Understanding Venture Capital (VC), Who is involved & Some terms (Thread);
@bfeld makes the case that VC sort of begun with $70,000 AR&D investment in DEC. Ken Olson and Harlen Anderson received funding from Geroges Doriot.
George Doriot sent out a letter expressing his interest in investing with proposed terms, today's termsheet. For $70,000, we would like 78% of the company, resulting in $90,000 post money valuation
Termsheets: The two most important things a termsheet will have are Economics and Control- percentage of ownership, their rights
Read 17 tweets
Tim Kipchumba Profile picture
13 Jan 20
When I turned 35: I gave a small speech that I now think it was almost resignatory speech (it there is a word like that) among a few friends. And it was centered on making impact and being able to create a decent garage for our kids!
Startups and business is generally tough and almost like some sort of a lottery (market fit, team, f$unds, economy etc). Yet it’s the Safest bet especially for us here in Africa.
In many Silicon Valley stories, you always hear of @BillGates beginning from a Garrage. And Jeff Bezoz and on and on stricking our of Garage. What’s seldom talked about is that Garage is a great startup seed fund, almost like @ycombinator by / @paulg @jesslivingston et al
Read 14 tweets

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