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Europe's Youngest Billionaire
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- Опубліковано 4 гру 2022
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Correction at 0:37: Estonia did not gain independence in 1991. Rather, Estonia gained independence in 1918, was illegally occupied in 1940 and REgained its independence in 1991.
ABOUT JOHN COOGAN:
I am the co-founder of soylent.com and lucy.co, both of which were funded by Y Combinator (Summer 2012 and Winter 2018).
I've been an entrepreneur for the last decade across multiple companies. I've done a lot of work in Silicon Valley, so that's mostly what I talk about. I've raised over 10 rounds of venture capital totaling over $100m in funding.
I work mostly in tech-enabled consumer packaged goods, meaning I use software to make the best products possible and then deliver them to the widest possible audience. I'm a big fan of machine learning, python programming, and motion graphics.
OTHER VIDEOS:
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CONTACT:
You can get in touch with me via Twitter: / johncoogan
Disclaimer: This video is purely my opinion and should not be regarded as a primary source. I am not a financial advisor and this is not a recommendation to buy or sell securities. Always do your own due diligence.
Please ignore all scam comments! You can follow me on Twitter: twitter.com/johncoogan or join my discord: discord.gg/e9nKhPCNkq
Interesting story. Well done. Btw, it was a Honda Accord for Bezos.
ua-cam.com/video/OOmsLlZPaxA/v-deo.html
The best video on this channel
Sir... The video was sooooo inspiring... The way you represented... And everything seemed coming from your heart which i miss in other channels these days.... Loved the video!!
John when you make videos like this maybe speeak a little slower? and most of all, have so breaks between sentences, its not fun digesting information that quick when its not like a usefull skill but more for onces intrest. look at the way obama speak and do that a little faster :D
A big problem with UA-cam has become that some topics are covered over and over again. Your videos almost always provide me with a fresh look at something that I hadn’t thought of before. Thank you for the effort.
@user-ds8qf2ln4o the bots
you watch too much youtube then
Hi guy's I made up to$65, 750 a day
People come here with the aim of chasing money more than knowledge and that will damage your progress, trust me. Chase knowledge first and I promise! The money will follow you just like it's following some of us now
Asset that can make you rich
Stock
Bitcoin
Real estate
How do I really invest in bitcoin and make huge profits , i'm actually confused here, can someone please help me out
@@heinvu4229 Same here, It's very confusing seeing so many people talk about the profits the make from there investment in bitcoin while I keep dipping from on win to a bigger loss
@@heinvu4229 Typically a financial adviser will just put you into standard/tried and true products that are mostly just index funds and ETFs. This has been a down year to invest. If I were you I'd be investing broadly into the S&P 500 and broader index funds, that way you're instantly diversified and you don't have to worry about it too much. Over time, your investment shall grow, just don't get too focused on the short-term.
Bitcoin investment (fx) can be profitable and lucrative when it is approached as a business, but achieving a level of success is extremely difficult and can take a long time. It's a good idea to fine an expert of this form of investment prior to getting started with. As you can see, the market is open and operates 24 hours a day and almost seven days a week
Bolt is massively used here in Kenya, it has more users than Uber.
To venture into the wilderness and establish a new civilization requires bravery and perseverance, but that is the essence of innovation. Also, it is usually preferable to seek professional assistance as opposed to entering an area with little to no background knowledge.
We don't have a monopoly. We have market share. There's a difference. Steve Ballmer
Absolutely, I do agree. It is impossible to overstate the importance of institutional or fundamental financial managers. Markets are not lakes but oceans. As already said, diversification is essential. Consider the fact that I have made my fair share of poor trades and have learned the importance of time, capital, entry, and many other factors. Now that I've been following Yvonne Annette Lively for less than a year, I have a $122k portfolio that has averaged a 12% monthly return. As a result, I am aware of how important basic knowledge and delegation are.
@@maryalchester A recent cbcc feature? where she said that debt and credit were the driving forces behind a booming economy? Yvonne Annette Lively, perhaps? It had a 9% monthly return when I last checked. how does the commission operate?
You must gain control over your money, or the lack of it will forever control you.
Dave Ramsey
He was at London Tech Week. I saw him. Very humble guy told people to not sell their startups quickly to the US or China
He belongs in prison.
@@wavell14 why
@@harrasika this company just steals from people
@@wavell14 WHy?
@@wavell14 Why?
beautiful video. I never knew the founders of Bolt but over here in Nigeria Bolt is a very popular thing. especially the younger generation, nobody wants to use the regular cabs anymore. I feel inspired watching this video as I have ideas of my own but I just keep trying to make it work and I won't give up.
Markus, is a brilliant guy. I'm learning so much from him. Thinking inside and outside the box at the same time is what Markus is doing. Just brilliant.
read more
Great video. We all strive for financial independence and better life. It’s not difficult in achieving this through the right investment, living frugally, and budgeting. I’m glad I learned early in life to work hard for financial freedom
In my opinion, venturing into a good investment is not just a strategy for generating passive income but a profitable saving method for future expenses. Those who fail to make the right decisions early in life end up regretting it. Nevertheless, investing can be difficult and risky doing it solely, For this reason, I advise seeking help from professionals(financial advisors). It’s not just watching videos and reading investment books the challenge is using it well
@@Brittany-reeds sincerely, I’m truly inspired by your words. I’m very interested in investing and I have got a good sum of money which I’m ready to put in with the right information. My biggest fear is losing my money on the wrong investment. For this reason, I’m willing to listen to your suggestions and ideas on how to invest wisely.
@@Victoriataylor5668 As an OAP with a lot of experience, I firmly believe that the success of any investment depends on having the right information, regardless of what others say, do whatever you set your mind to. Warren Buffer always says "be greedy when others are fearful and be fearful when others are greedy". This is certainly the trick to succeeding even when others fail. I made $100,000 working with ALICE ELAINE HAYHURST a licensed financial adviser. It’s been a promising experience so far with her.
@@Brittany-reeds Please, how do I connect with your financial planner?
@@Victoriataylor5668 quickly do a web check where you can connect with her, and do your research with her full names mentioned..
So many specific lessons from this video. Great hidden gem case study John!
Thanks a lot!
Boring video talking about a RICH GUY instead of talking about how to get the same investors or financing to make the same money!
people / youtubers, know that they can praise the other thing without bashing the American thing, right?
The most valuables are: Be born in a developed country and don't waste your life in school.
@@lautaroka5847 get connections and control a business or investment that generates income!
We deal with new problems every day. It currently acts as the standard. Although at first we thought it was a crisis, we now see that it is a new normal to which we must adapt. Given that 2023 will be a year of severe economic hardship for the entire nation, what steps can we take to enhance income during the quantitative adjustment? After all my effort, I can't let my $800k in savings evaporate.
I don't think there has ever been a better way to understand how to increase your wealth than by working with a knowledgeable portfolio advisor who has access to a variety of markets and can conduct research on them. Investing is obviously impacted by the value of the US dollar in a number of different ways.
I think it's great to use a portfolio advisor when investing. Prior to engaging with a licensed portfolio advisor just before the pandemic meltdown in March 2020, I was actually having financial nightmares. To sum up, with the assistance of my advisor, I have already grown my initial $120,000 investment to over $750,000..
@@marcelrobert9569 Please let me know the name and phone number of the consultant who helps you with your investment.
@@obodoaghahenry9297 I got out to "Julie Anne Hoover," who I discovered in a CNBC interview where she was mentioned, and she is directing me. Since then, she has offered entry and exit points for the securities I am interested in.
Bolt was actually a startup that entered a startup competions show called "Ajujaht" seson 3, where they got to the finals. In it they were called Taxify.
I must say, I am Dutch but visited Estonia a while back…the country really impressed me! It’s super modern, clean and beautiful and the people are great. Also, I think there’s a lot of startups going on.
It has about 1 Unicorn per 300 000 people. There is only 1 million people. Most of Estonia is forest and wildlife (over 50% of land)
You should visit Lithuania as well. Similar development
@@karkevicius I might, definitely want to explore more of the neighboring countries to Estonia! (Except for the biggest one)
Great people?
I live in Estonia and I promise that Bolt is the worst taxi and food delivery app ever....stopped using it long time ago and its absolurtely crazy how he was whining about poor customer service since Bolt has some of the worst customer services ever :D:Dand taxi drivers almost never speak estonian and its very lucky if they even speak english :D
LIBERTONCORP is young. Holding almost anything mentioned here is a good hold because the VHS or Beta will only show in time. I want to hold them early. Its sad that most dont think of these things as good future holds instead of being out of the market and bottom hunting. Are we the adopters or are we scavengers? surely one of these layer ones will become the standard and i dont want to sell any of them too early.
I guess sometimes being the biggest player can have strategic downsides, but only if your competition is clever and hungry enough to exploit the weaknesses.
Skype was actually founded by Niklas Zennström, from Sweden and Janus Friis, from Denmark (picture of them in the video). But, the first software was later developed by Estonians programmers.
Yep, Janus made the prototype, while Niklas tried to find investors. Skype is no more Estonian, than Apple is Chinese.
Finding investors didn't gather the success they had hoped, and not nearly enough, to hire a whole team. So they then hired Estonian developers Zahti Heinla, Priit Kasesalu and Jaan Tallinn for no salory, but a stake in the company instead, and outsides some of the more rudimental coding to an Indian company to finnish the Alpha version.
But somehow where 3 of 5 owners lived, made it an Estonian company. WHich many estions for some reason are really proud of.
@@herrensaar1989 your story is missing Kazaa. Jaan Tallinn, Niklas Zennström, and Janus Friis were all working together on Kazaa before Skype already. Skype's P2P tech is based on Kazaa. The truth is that no single country can claim the whole founding. Attempts to pull it in such a direction are wrong.
Also your comparison with Apple+China is extremely misleading as well. China only does the assembly of the phones. The design and even the manufacturing of the chips doesn't happen in China. For Kazaa/Skype, the full production cycle happened in Estonia. The design, the architecture, the programming. The Skype headquarters was in Estonia. Apple headquarters has never been in China.
Wow how this video was structured was delightful and informative. Amazing script, storytelling, lessons and soundtrack. Thank you!!
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future. Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for. Success depends on the actions or steps you take to achieve it. "You're not going to remember those expensive shoes you bought ten years ago, but you will remember every single morning when you look at your bank account that extra 0 in there. I promise, that's going to be way more fun to look at everyday", I pray that anyone who reads this will be successful in life
@Jamie Janny Yeah you're right, that's why I had to start Forex trading two months ago and now i'm making benefits from it now.
@Scott Nicole O ' Yes I'm a living testimony of her good work expert Benson Sandra
Mrs Benson Sandra has changed my financial
status for the best ,all thanks to my aunt
Who introduced her to me.
This mini documentary is so well made, thank you John as always, I now appreciate the company I work for even more. It’s just truly inspiring and I wish everyone who has an entrepreneur dream a huge success, it’s never easy but it’s fucking amazing🔥
Hey so what company do you work for then is it BOLT ?
Great documentary! I am from Poland, but I have been in Estonia a few times and it is amazing how this little country is growing its IT industry :)
Wow I loved this story mainly because I was just in nigeria several times this year and I never heard of bolt until this year I had no idea how popular it was. Everyone around me was even shocked that I used Uber and when I started using bolt, I got faster rides like they were always around the corner. Crazy. Good story man!!
I appreciate your videos. Not only do you have interesting topics but also you don't do that clickbaity and manipulated bs that so many other video essay creators do.
Actually, European VCs these days kinda go to Estonia to hunt for young, hot startups. I believe it has the highest number of VC funding / capita in Europe
I think you'd find quite a few good stories from Estonia. We have the most unicorns per capita and have been really technology focused since regaining our independence from the soviets in '91 (but no, we don't have wifi in the forest😅).
P.S. props to you for the correction you made to the video about us regaining our independence. Greetings from Estonia!
What I think Americans mean by Wi-Fi is Cellular Data.
@@allanroosimaa1033 seda pole meil ka, kuskil väga
And you guys are incredible people. Always meet a few cool Estonians at Web Summit every year and the projects are cool and the people behind them very hard working. We personally use a few Estonian SAAS products in my businesses.
unicorns??
Glad this channel is getting more recognition truly deserved to be big...very underrated in my opinion
I usually never leave comments, but I absolutely, must say well done on creating this video! Your story telling was sublime and no where a long the way was I left with any lingering questions. Plus your voice. I mean such a privilege listing to you soft and round story teling voice. Absolutly well done!
Thanks ! was interesting to see this :) A tiny critic from my side - Mentioning Estonia and showing only two frames a) russian church b) russian USSR tank, does not reflect good on presenting the country. As well you mention that it "recently gained independance from Russia". Is more than 30years ir recently ?? :) Overall i mean when you present the coutry so shortly please respect people living there and find some at least nice facts about the coutry or nice photos (video) to show. :)
TeXtMe DiReCtLy🤙🤙🥶🥶........
Great coverage. I'm from Kenya & its quite the experience.
I’d not call Markus an unknown person. If you’re an IT specialist and located in EU, most likely you know about him. I’ve seen him personally at least 4 times (and I don’t live in Estonia)
I'm inspired to take my business directory app to the next level. Thanks for sharing Marcus with the world.
I saw a tweet the other day where a guy asked why Willy Wonka was doing so much pointless silly shit when all he did was make chocolate bars. Silicon Valley is a lot like Willy Wonka's chocolate factory, and companies like Bolt show you how far you can go by just getting rid of that pointless Silicon Valley bloat.
Never heard of Bolt
As a software developer i understand why silicon valley has to do what it does. Most developers are extremely egotistic and almost everyone believes are going to build the next big thing. To attract people like this to work for you and make them stay you have to be more creative with your offers.
Finding and keeping good developers is a hustle.
@@modelka222 interesting. It's almost as if employees don't even really want to compete for higher pay, and would rather compete for quirkiest and coolest workplace benefits. Reminds me of colleges, and the way they compete to attract students by building bigger rec centers, football stadiums, more support administrators etc. I guess that's what happens when systems get flushed with cash and there's a lot of competition to attract talent.
@@modelka222 they don't even focus on hardware startups
to be honest best channel in this category. Well researched video
UA-cam just showed me your channel today for the 1st time. I'm glad they did! Great presentation!
This is a very inspiring story about determination and sheer grit. It really shows how much struggle and pain you have to go through on the path to being a successful entrepreneur but I have learned that you should never give up and that all that hard work and dedication is worth it in the end.
My brother,
This video is dope! How I wish I should have discovered your page a bit early. This is pure quality. As an emerging entrepreneur, this page is among the very few pages I want to learn from.
When I was doing my bachelor’s degree in Europe, I used to work for Bolt and which is correct that it’s a fast growing company in Eu
I wish I had half of his drive to make something. Some people are just blessed with passion and desire no matter the circumstance
I couldn't able to skip any second of this videos :) thank you so much for this video. Abzi from Somalia 💙🇸🇴
me too wn waxa barano sidn millionaire u noqoto wadanka u hagaajino.
@@laylacaato7832 haa walaal sax waaye.
The power for creating a better future is contained in the present moment, You create a good future by creating a good present.The key to financial freedom and great wealth is a person's ability to convert earned income into passive income to build generational wealth ,this trick has never failed .
Starting early is the best way of getting ahead to build wealth, in-vesting remains a priority.
I learnt from my last year's experience, i am able to build a suitable life because I in-vest-ed early ahead this time.
I urge everyone to start somewhere now no matter how small, this is literally the time for that, forget material things, don't get tempted,
i became more better and aware the moment i realized this.
people are really making a lot of money from it... . .
I really love you videos! They are so informative and has really helped me in my own entrepreneurship. What i most like however is the fact that your videos keeps a positive outlook on society and life, I think It is so impressive to take a leap and go against the stream like this, makes younger entrepreneur's like me have a positive outlook on life. Thank you!
Thanks a lot! Entrepreneurship is amazing, despite all the crazy ups and downs. Hopefully this video helps get someone excited about startups!
@@JohnCooganPlus I can assure you it will. Can’t tell you the amount of times I have used what I learned from watching your videos in my own startup!
What startups u guys are going
That is really nice and wonderful that you get a positive outlook on society and life. Wow such an amazing comment Mr Wanger. I hope you keep loving these videos even more. Gute!
@@einaredsta2815 Thank you Einar Edsta. We have an expression from Sweden which would describe you perfectly! "En liten horunge"🥰.
Such a smart idea just look at the us market and see what there doing and if it’s not in Europe yet start it.
12 winning, all thanks to Mrs Eva Elliot
She's really the best, I've made a lot
Wtf, y'all know Mrs Eva Elliot too wow, she’s really a good trader, she’s my portfolio manager, her skills are top notch.didn’t take her for the famous type.
6,BTC and still counting in just 2 months, Expert Mrs Eva Elliot is the trade queen as far I'm concerned. This woman has really change the life of many people from different countries and I'm a testimony of her trading platform.
I have made up to $120k with her help, this is my 3rd month though😊 with Exp Mrs Elliot, all thanks to her, she’s really good in what she does.
This is really helpful for my situation!! thanks guys I will try her because I've lost alot trading on my own on Binance.
Is her trading service in
Europe ?
what an amazing video, thank you. In 2 years many people would like to hear my story as well
All the best
My biggest financial mistake was being only 12 years ago during the 2008 financial crisis and nowhere near prepared enough to scoop up some cheap stocks and real estate maybe
People prefer to spend money on liabilities,Rather than investing in assets and be very profitable.
You're so correct! Save, invest and spend for necessities and a few luxuries relatives to on's total assets ratio.
I invested in both stock and Cry ptő but I'm doing much better on Cry ptő with the favourable market price
Having professional mentor you is also very important when it comes to trading, without proper mentorship, one tends to opt out of the market early enough. I do my investment on Mrs Lauren platform.
I know Mrs Lauren I met her at a conference in carlifornia 2019 where she introduced us her business strategy, she helped me cover my bank loans..
I will forever appreciate this channel, you’ve helped me and my family a lot, your videos, advice and lessons are inspirational helpful to us,
I now earn every week. You’re such a blessing to this generation, we all love you.
I can share some that helped me,
Plan towards it
Be minimal in spending
Save money wisely towards retirement
Save to invest, it’s proven way to get richer.
There are lots of investing options ( real estate, stock , gold silver, cryptocurrency).
A lot of people are rushing into trading without the knowledge of how it works and it’s very wrong, I will advise you to trade with an expert.
I know of Expert Naomi.
She is a crypto prodigy and has handled my trade for 6 months now…. I have made over $8000 in my first week of trading.
Bolt is facing a major safety issue in South Africa. I wonder how they will solve this as competitors try to capitalise on this... Anyway his brother is a massive inspiration🔥
In kenya too
Because people there are not civilised
@@karikatuur8664 "people" lmao
2:48 As companies achieve success their founding stories often get turned into myths which hide the truths about their messy beginnings. So true.
I was 11 when I started learning to program but due to my studies, I couldn't manage it side by side. Now, I have started to home-school instead of going to school to waste time. I hope this plan works well. I wish all my friends the best of luck on their journey!
Being a child is not wasting time. We are human and not profit machines… Live a little and enjoy your childhood, teenage years and later on adulthood.
This is such a trip into the trenches of entrepreneuring. Thank you! In an era where raising capital has become increasingly difficult for certain populations of people, it is inspiring to see the sheer power of will and grit.
Thank You for watching!!! Glad it resonates with You ::)Hit Me Up To Also Participate In My Current Investment Offer
"hungry for a pizza in romania" aged great
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you i feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life🌈
The market is profiting if you are using a good broker or account manager to help out with trades or provide signals
Wow I know Expert Mrs Melissa price MP I have also been trading with her, She's such an amazing woman with good skills and keeps me happy all week knowing I earn 15thousand extra income weely trading with her
Do you happen to know her contact info and / or willing to pass on her info? I'd really appreciate it.
After I got 300K trading with Expert Mrs Melissa price MP. I bought a new House and I'm now able to send my kids to a better school in the states thanks to Expert Mrs Melissa price MP. When someone is straight forward with what he or she is doing people will always speak up for them.
it's easier for me to work with a broker. It's more of a partnership, all based on a shared percentage. She does the legwork required to pick stocks and execute trades, provides complete investment management to achieve your specified goals
Thank you for being there LIBERTONCORP when I wanted you to..... I was lost in this new world that I was hassled to start with ....you not only guided me along the way but you also showed me the proper way....whatever little I have been able to achieve in life is because of you today ..... I want to thank you for being there and showing me the proper way of doing thing for me you are my best guide as you truly showed me the way to life....once again , I would like to tell you a heartfelt thanks for being there.
There are lots of tech entrepreneurs that come out of Estonia pretty cool
Very interesting video
thank you Hoog! means a lot coming from a European creator!
Hello Mr. Hoog
damn, what a timing. i recently started my logo/graphic design brand and was wondering how can i have a chance while all these big names are in the game. thought it's too saturated for a new name to rise up and make something out of itself. but now with this well documented video i realized the saturation of a market doesn't matter. as long as you are willing to fix the current problems and are dedicated to to the craft, eventually you get your results.
This was a great video John! Thanks a lot! What a great story
Correction 0:17 in Nigeria bolt is used with cars not motorcycles please don’t make it sound like we prefer waiting for motorcycles to pick us up while can easily get a cab without bolt 0:19
Dude you are such a great storyteller. I just subscribed.
Taxify/Bolt got the advantage because it was cheaper and offered cash payments in South Africa when uber still offered credit card payments. Eventually uber also copied bolts strat but it was too late by then. The two companies always copied each other mostly bolt copying Uber (Uber launched uber eats, bolt launched Bolt food a years later) but undercutting them on price or percentage they take from drivers and delivery guys
Estonia need to gain popularity as much as possible thats what i wnat
Bolt always conquered their rivals by price, but how in hell that stupid light green colour hasn't changed into something more solid.
What this video doesn't talk about is that in the beginning Uber was actually the market leader even in Estonia. Bolt just outspent Uber in advertising. Bolt ads were absolutely everywhere and Uber did approximately zero advertising in Estonia.
In Hungary there was no undercut in price and Bolt still managed to became the most popular taxi service.
As a Tunisian Citizen i want to EXPOSE the DARK TRUTH about "Bolt" that no one dares to talk about, especially of its subsidiary in Tunisia !!
At a time when “Bolt Tunisia” was supposed to help solve transportation problems for taxi users, this app undermined the market and committed numerous abuses that became the source of many complaints by people that even state institutions did not deal with with sufficient firmness. Bolt Tunisia is suspected of tax evasion and money laundering, in addition to its violation of the laws regarding personal data protection and for placing the personal data of Tunisian citizens on the authority of an Israeli company.
When Bolt announced in 2018 about its intention to enter the Tunisian market, it was expected that it would contribute to helping solve part of the urban transport problems, especially in Greater Tunis metropolitan area (The provinces of Tunis, Ariana, Ben Arous and Manouba), which It represents the largest population gathering in the Republic of Tunisia, with about 3 million people, or nearly a quarter of the Tunisian society.
“Bolt” practically launched its activity in 2019. In a short time of only two months, it succeeded in attracting more than 2,200 taxi drivers, according to a former employee.
The same former employee said in his interview to a digital newspaper: “At that time, we adopted a smart policy based on granting attractive privileges to taxi drivers in order to attract them. The marketing policy that we have adopted was mainly based on granting the drivers who deal with us a commission rate equal to 100% !!!, a smart phone and an internet service estimated at 25 gigabytes, along with a training course in using the platform designated for drivers. All this in exchange for working with the application for a period of no less than 8 hours a day with the aim of promoting it, which is what really happened, as we achieved record results.”
In parallel, there was also a large fieldwork, the same source adds, saying: “Bolt's team was working like a beehive. A group travels in order to attract taxis on the streets, in car parkings, and in front of major gas stations, in order to persuade them to join the company by enticing them with expected profits. And another group was working at the headquarters, receiving dozens of drivers and taxi owners daily, as the scene soon became based on queues in front of the company for those who were waiting to get their commission or who joined the work within the institution, as the process of affixing the “Bolt” brand logo to the cars was taking place. newly joined.”
In fact, until August 2020, we do not know on what legal and institutional basis this activity was taking place. By returning to the archive of this company in the Tunisian National Registry of Companies , we find that the creation of the “Poloison STP” company took place in the summer of 2020, that is, after nearly two years or more have passed since the start of the actual activity.
This company that manages the activity of “Bolt Tunisia” presents itself in official documents as a software company. It was established with a “non-resident” Maltese capital of about 99.99 percent and a contribution of about 0.01 from “non-resident” Sweden. The same organization operating the application holds the status of a limited liability company.
According to the document extracted from the National Registry of Enterprises, the capital of the “Poloizone STP” company, upon its launch, amounted to about 10,000 Tunisian dinars (about 3100 USD).
In this context, Bolt’s spokeswoman, Nthapising Mokwena, who is the Director of Public Relations for the Africa Department, says in an e-mail that was received on the Al-Kateba digital newspapper in response to a set of questions that we directed to the CEO of “Bolt Tunisia” Jihad Al-Nafzi, that Bolt has historically worked in Tunisia. Through a “first partner” which is “BLT Tunisie LTD” and later “Poloison STP.”
On the other hand, she refused to comment on what she considered “the commercial affairs of Bolt’s former partners,” as she put it.
And by the way, Clas Martin Johansson, the founder of Poloison STP in Tunisia, a Swedish citizen, has acquired the “Bolt” franchise from the original owner, Markus Villig.
A “franchise” or commercial franchise right is defined as an agreement in which the owner of a project or an existing trademark grants a license to a second party to operate and practice the same activity using the name of the first original brand, whether through the use of the same name, manufacturing system, distribution, production, sales, or these elements combined. In exchange for the original brand obtaining a percentage of the profits and revenues or a certain value provided in exchange for granting the franchise right, or both.
The data reveals a fraudulent legal process that those in charge of the “Tunisian Bolt” pursued. This delusion lies in the mismatch of the real activity, which is transportation in the field of taxis, with what is authorized in the company's formation documents - Poloison STP - which included activities related to software development and maintenance.
As for the second contradiction, it lies in the failure to adhere to the standards and conditions of the “franchise”, as it usually relates to purely commercial activities, which in this case does not coincide with the aforementioned company that claims that its activity is related to the field of media. This is in addition to the lack of respect for the advantages of the “Bolt” brand abroad, where private cars with high quality specifications are used and provided in accordance with the terms of the commercial franchise rights, according to what was reported by specialists and experts in the legal establishment of companies.
This is just a summary, if you want to see the full source (in arabic) you can find it in the digital newspaper link:
alqatiba.com/2022/09/30/%D8%AA%D9%84-%D8%A3%D8%A8%D9%8A%D8%A8-%D8%A8%D9%88%D9%84%D8%B7-%D8%AA%D9%88%D9%86%D8%B3-%D8%BA%D8%B4-%D8%B6%D8%B1%D9%8A%D8%A8%D9%8A-%D9%85%D8%B9%D8%B7%D9%8A%D8%A7%D8%AA-%D8%B4%D8%AE%D8%B5%D9%8A%D8%A9/
Dude this video is a gem you are amazing at what you are doing, I hope I can see another video on someone else similar to this guy and see how they problem solved their way up!!
You’re the best John. Got such amazing perspective from this video you made!!!
Thank you for your content, I am a fairly new subscriber following almost all your videos on youtube but still find it very difficult to invest in the stock market, please what is the best way to start?
please how can i reach this trader?
Thank you for sharing this here. Lots of newbies like me get crushed every day. It's a good thing we have good people here who want others to succeed the way they are.
thank you, I will message him immediately
Very inspiring story. Beautfully narrated and edited. Love it!
I use bolt almost every day and it’s interesting to see the story behind it
Btw. If I am not mistaken, Estonia has the most unicorn startups / capita in the world.
In South Africa, Bolt is just as big, if not bigger than Uber. Its so big that a lot of South Africans actually think it came from South Africa.
I used to think Bolt is a South African company until now well you learn something new everyday
I can't express the gratitude that I feel rn! this video came to me in a time of need thank you so much stranger on YT!
It is nice to be Estonian sometimes :D
very good content. got motivated me..thanks creator!
John, from 2013 to 2019 was named Taxify
Omg your video is so good 😊 and informative. Thank you for such content properly researched and presented. It is be a crime not to like , share and sub ❤
I'm DCAing in LibertonCorp as well. ETH heavier DCA and ALGO. I'm taking your advice and starting Google tomorrow with a 50 dollar purchase and continuing Microsoft and Apple. VTI and VOO on another app and longterm portfolio. Here we go family!
Thank you John. This is the video I needed to watch. You gained a subscriber.
Thank You for watching!!! Glad it resonates with You ::)Hit Me Up To Also Participate In My Current Investment Offer
Love u brother great work and well researched i hope u remember me kudos👏
Fun fact: Bolt is more popular in South Africa than Uber
Great story and amazing research on the topic! 👏👏
😂 am i the only one silly enough to be slightly bothered by the fact that John didn’t say “taxify” in this video? most South Africans still call it that so that’s why i was on the lookout for their initial name, otherwise, loved this as usual 🙏🏾
I thought i was the only one
“Recently” while talking about the independence sounds like a year or so ago while Estonia has been independent since 1991 and not independent from russia but USSR. Super happy for Bolt and smart business strategy to build a sustainable company, amazing entrepreneur
How can we invest in Bolt?
Bolt has created a lot of employment opportunities here in Ghana 🇬🇭.
We Estonians are very proud
bolt is one of my favorite but also very expensive here in Copenhagen
You sir sure know how to produce great informative videos
Personally, I love Bolt. It's by far my favourite scooter or taxi app in Europe. Didn't know any of the origins, other than shared e-scooters was created in Estonia. Great video 🙌
Estonia's average pay in 2013 was 949€ not 700.
Im in love with your content the way you talk the way you show those stories god damn
Fun fact: his last name "Villig" means willingness to do something in Swedish.
wow what a video MAN great one ! Thank you for bringing Marcus
Heard "borrowed $5000" and was like ah..there it is!!
in Kenya Bolt came in with a bang! alot of Kenyans use bolt than uber. Their prices are relatively cheap to customers as compared to uber but many drivers complain they make a pinch in a single trip.
Very well explained man. Thankyou
Thanks sharing. For someone who does not like to follow actuality, it's very cool channel to follow.
This is a masterpiece. Amazing video! and fantastic wordplay.
Bolt does not do motorcycle taxis in Nigeria. It is cab hailing and delivery.
Skype was created by Niklas Zennström (swedish), Janus Friis (Danish), and four Estonian developers, and first released in August 2003.
Bolt is logistics company. They'll hit the same wall Amazon did with low wages and high worker churn!
no one is going to give up having cars
Never heard of the guy behind Bolt. Great video
so good content. this video was sooo well researched.