Latest / Earn Your Leisure / EYL #159: EYL’s Live Podcast from Egypt (Business in Africa)

Transcript

EYL #159: EYL’s Live Podcast from Egypt (Business in Africa) · Earn Your Leisure

• 0:00
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  Speaker 2: I was just Troy like, I'm not a podcast guy.
• 1:03
  Speaker 2: I'm very shy. I'm a trained introvert, I was revener,
• 1:06
  Speaker 2: I'm a coder. I'm an engineer, but I found that
• 1:09
  Speaker 2: I have to speak. If bad people speak all the time,
• 1:13
  Speaker 2: then people will just be bad if good people speak
• 1:16
  Speaker 2: all the time, then good people will be more so.
• 1:18
  Speaker 2: I think that anyone who has something or has a
• 1:21
  Speaker 2: certain story, they have to say it. Maybe someone gets
• 1:24
  Speaker 2: inspired by this and you change or her life. I
• 1:27
  Speaker 2: don't believe in universities. I think twenty days, twenty years
• 1:30
  Speaker 2: from today, no one will go to universities and people
• 1:33
  Speaker 2: who will learn from things like you, things like this,
• 1:36
  Speaker 2: and this is where the real value is created.
• 1:39
  Speaker 3: This episode is sponsored by Greenwood.
• 1:43
  Speaker 2: My graduates from my school being forced bad.
• 1:46
  Speaker 4: Drop my draft, bad draft, bad drafts.
• 2:00
  Speaker 5: Hey, Ernest, did you know that the black community has
• 2:03
  Speaker 5: two point seven trillion dollars of spending power? Are you
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  Speaker 5: ready to see what you can do when you combine
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  Speaker 5: in the Greenwood District of Tosa, Oklahoma aka Black Wall Street. Today,
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  Speaker 5: Don't wait, don't hesitate, head over there now.
• 2:54
  Speaker 4: Welcome to Eyl, Egypt. Yeah, first and foremost, give yourselves
• 2:58
  Speaker 4: a round of applause.
• 2:59
  Speaker 3: Please clap it up.
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  Speaker 5: This is this is pretty historic for those of y'all watching,
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  Speaker 5: and we actually have a live audience here with us,
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  Speaker 5: which is incredible, and we're on the top of the
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  Speaker 5: Ritz Carlton in Cairo, Egypt. This is another historic moment
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  Speaker 5: for Eyl. So again, Ronald, plus for yourself of being here.
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  Speaker 5: We're gonna make history again today, y'all. Y'all part of it,
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  Speaker 5: So thank you for being here.
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  Speaker 3: Yeah. Yeah, So we're gonna get into it.
• 3:22
  Speaker 4: But before we start, we got to give a special
• 3:25
  Speaker 4: special shout out to one Love Travel shout out to
• 3:27
  Speaker 4: Javan and Chloe for putting this together. Dope dope, black
• 3:32
  Speaker 4: owned company that is really changing the game when it
• 3:35
  Speaker 4: comes to travel. So shout out to you guys. You
• 3:36
  Speaker 4: guys are amazing. Thank you, Yeah, thank you. They tapped
• 3:39
  Speaker 4: in the earners at here. This might be a new standard.
• 3:42
  Speaker 4: What do you think this might be a new standard
• 3:43
  Speaker 4: rooftops river views. I mean, this is the new thing
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  Speaker 4: for us.
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  Speaker 2: I think.
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  Speaker 3: Yeah, So were gonna get into this.
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  Speaker 4: But before we start, I gotta say something because this
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  Speaker 4: is one of these moments and I think it's important
• 3:54
  Speaker 4: for everybody. We're gonna put this on podcasts, outlets and YouTube,
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  Speaker 4: so people all over the world's gonna be able to
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  Speaker 4: hit this for you guys here right now with us
• 4:01
  Speaker 4: and a lot of you guys, most of you guys
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  Speaker 4: have been with us from the very beginning of our journey.
• 4:06
  Speaker 4: Shout out to him his business, one of our first,
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  Speaker 4: our first first, the first in the building. She was
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  Speaker 4: with us from the from the early stages, very beginning.
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  Speaker 4: And shout out to all of our friends and family
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  Speaker 4: that's here as well. Shout out to my boy b
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  Speaker 4: on the on the camera. You know, it took a
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  Speaker 4: lot of people to get us to where we're at
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  Speaker 4: now and we can never forget the beginning stages or
• 4:27
  Speaker 4: the people that supported us at the beginning stages. And
• 4:29
  Speaker 4: you know, it's very humbling experience starting in Troy's dining
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  Speaker 4: room and uh, you know in west Chester, New York,
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  Speaker 4: you know, a small town that nobody ever heard of,
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  Speaker 4: and we didn't we didn't really have any resources. We
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  Speaker 4: started with an iPhone and uh, just the information that
• 4:46
  Speaker 4: we learned on the fly. And now to be on
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  Speaker 4: the other side of the world doing a live podcast
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  Speaker 4: at the Top Florida its Carlton in Cairo, Egypt and
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  Speaker 4: just under three years just goes to show you that
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  Speaker 4: anything is possible if you put your mind to it,
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  Speaker 4: and you know, things can change very quickly. So I
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  Speaker 4: just want to put that message out there because you know,
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  Speaker 4: we're gonna have a good time tonight.
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  Speaker 3: We're gonna enjoy this. But let's not forget that we.
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  Speaker 4: All have goals, we all have you know, aspirations, and
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  Speaker 4: sometimes it can be seem like, you know, it's so
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  Speaker 4: far from being reached or being attained, but we're living
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  Speaker 4: proof that you know, in a very short period of time,
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  Speaker 4: if you put your mind to it, if your original
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  Speaker 4: we work hard, keep God first, and anything is possible,
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  Speaker 4: So just keep that in mind.
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  Speaker 2: Yeah, and this is this is super special. This. I
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  Speaker 2: know we said you started. We started in my dining room.
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  Speaker 5: This is actually the first time my kids get to
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  Speaker 5: watch Daddy at work. So they always see Uncle with
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  Speaker 5: shot and Daddy on the YouTube and they watch the
• 5:38
  Speaker 5: episodes and they listen to them, but they've never actually
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  Speaker 5: seen us do it live. So this is really important
• 5:43
  Speaker 5: because most of the times when we were shooting in
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  Speaker 5: the dining room, I was like, you got to take
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  Speaker 5: the kids somewhere, take them somewhere they can't make any noise,
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  Speaker 5: and so now they get to see us here.
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  Speaker 2: Very important. It's a special moment.
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  Speaker 4: So we got one of the brightest, sharpest entrepreneurs business
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  Speaker 4: minds in EACHYPT. So we're gonna this is going to
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  Speaker 4: be a universal episode that's going to touch on business
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  Speaker 4: topics that you can use in the States. But also,
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  Speaker 4: you know, our message is bigger than just America. We
• 6:08
  Speaker 4: have listeners all over the world, so we want to
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  Speaker 4: expand the message and talk about things that's relevant all
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  Speaker 4: over the world, especially on the continent of Africa. We
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  Speaker 4: just came from Nigeria. So now we're in Egypt, and
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  Speaker 4: you know, we plan on visiting a lot of different
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  Speaker 4: countries on the continent, so this is going to be
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  Speaker 4: a message of a lot of information, so you know,
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  Speaker 4: typical eyol fashion.
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  Speaker 5: Yeah, I think it's dope because we could have brought
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  Speaker 5: people from other parts of the world and interviewed them
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  Speaker 5: here in Egypt. But why do that when it's already
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  Speaker 5: amazing talent here. And So when I was talking to
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  Speaker 5: Muhammad prior to starting today, said but I'm not a superstar,
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  Speaker 5: I said, don't worry after this, you will be. In fact,
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  Speaker 5: you are because you're doing things in the tech world
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  Speaker 5: that are amazing and you're not doing it on the
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  Speaker 5: football field, and that needs to be highlighted.
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  Speaker 2: So that's why we're here and we're glad to have you.
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  Speaker 4: Yes, So Muhammad abdu Naga, say that correctly.
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  Speaker 2: Sorry you've been killing the pronunciation.
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  Speaker 4: Yeah, you know, people always mess up my name, so
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  Speaker 4: I'm very I'm very cognizant of saying people's names.
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  Speaker 3: Right.
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  Speaker 4: So tech entrepreneur, fintech superstar, co founder and CEO of Cleaver,
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  Speaker 4: we're going to talk about that co founder of Helen,
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  Speaker 4: which is Africa's super app, Egypt's most funded app in
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  Speaker 4: twenty twenty, and also was the original director of Kareem.
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  Speaker 4: Kareem is the Uber of Egypt, and I believe that
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  Speaker 4: Uber actually acquired them for three billion dollars. So we're
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  Speaker 4: gonna have a you know, a very interesting comments ahead.
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  Speaker 5: Don't let that three billion, don't don't worry. Mama said,
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  Speaker 5: don't worry. I didn't get all that three billion.
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  Speaker 4: So so all right, let's let's get into this.
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  Speaker 3: What is Cleaver?
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  Speaker 2: First of all, thank you for having me here, and
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  Speaker 2: I love the place, I love the nile in the background.
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  Speaker 2: And I'm not a superstar, so I hope I'm not
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  Speaker 2: the worst one in all of your episodes, so I'll
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  Speaker 2: do my best to be okay. So Clever is a
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  Speaker 2: product that enhances the financial health of Egyptians and helps
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  Speaker 2: them know how to spend their money better and do
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  Speaker 2: it right. It's very similar. Was inspired by New Bank
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  Speaker 2: in Brazil, which is a big digital bank, and by
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  Speaker 2: Current in the States, and we're launching in a couple
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  Speaker 2: of months. We're building the infrastructure now. And the word
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  Speaker 2: comes from clever and clev which means going up. So
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  Speaker 2: it's a new word we just came up with to
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  Speaker 2: spend less in marketing. So it's a very special word.
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  Speaker 2: So we just wanted a new name to sit in
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  Speaker 2: front of our brand.
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  Speaker 5: Your focus, you said, is focusing on the underserved, So
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  Speaker 5: that takes a lot. It takes a lot of humility,
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  Speaker 5: but it also takes a lot of compassion. Is that
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  Speaker 5: coming from a background where you were at one point
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  Speaker 5: or your family were the underserved and realizing there's a
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  Speaker 5: deficit here and we need to change it.
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  Speaker 2: Let me be honest, I was not really an under family.
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  Speaker 2: I come from a middle class family, but I always
• 9:05
  Speaker 2: aspired for more. I always felt that our generation can
• 9:10
  Speaker 2: do more than what they do. We don't have to
• 9:12
  Speaker 2: be all either doctors or mechanical engineers, which is what
• 9:16
  Speaker 2: my family wanted me to do. So yeah, so I
• 9:21
  Speaker 2: must say that I'm sort of an underserved, especially in dreaming,
• 9:25
  Speaker 2: because we weren't taught how to dream in university. And
• 9:30
  Speaker 2: we were underserved a lot in dreaming because we were
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  Speaker 2: forced to like find a way to find income, but
• 9:35
  Speaker 2: not to help others find income. And I think the
• 9:37
  Speaker 2: second one is what really matters to us.
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  Speaker 5: Yes, speaking speaking of that fine income and One of
• 9:42
  Speaker 5: the conversations we had prior was the average income for
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  Speaker 5: Egyptian citizens. Can you touch on that because a lot
• 9:49
  Speaker 5: of times we got to put things in perspective. When
• 9:51
  Speaker 5: we talk about poverty in America and we say twenty
• 9:53
  Speaker 5: four thousand is the limit and people are making minimum
• 9:56
  Speaker 5: wage of fifteen thousand hour, you enlighten me when you
• 9:59
  Speaker 5: talked about it.
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  Speaker 2: You just touched a little bit. The average income in
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  Speaker 2: Egypt is not very high. However, the country itself is
• 10:05
  Speaker 2: also not super expensive. But what we're aspiring to is
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  Speaker 2: to increase in the companies we started, is to increase
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  Speaker 2: the extra income. So for example, there are a lot
• 10:20
  Speaker 2: of carem captains. The drivers record them captains that increase
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  Speaker 2: their income by driving by up to three or four
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  Speaker 2: x their regular income. And then fawori for example, those
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  Speaker 2: shop owners increase their income by paying bills for others,
• 10:35
  Speaker 2: and then highland delivery guys and two and three wheeler drivers.
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  Speaker 2: So I think that yes, the average income in Egypt
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  Speaker 2: on a global scale is very low. However, you can
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  Speaker 2: live a dignified life in Egypt with much less than
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  Speaker 2: any other place in the world. And the things we're
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  Speaker 2: working on increase the X strain, which what makes people
• 11:00
  Speaker 2: aild to like pay for their sons or daughters, managers,
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  Speaker 2: travel by cars, by anything they need because the basic
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  Speaker 2: incomes and the basic level of life in Egypt is
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  Speaker 2: very doable, but it's very hard to do extra stuff.
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  Speaker 2: And this is what we're trying to add to the people.
• 11:21
  Speaker 4: So is this a combination of things? Because I see,
• 11:24
  Speaker 4: all right, so we're going to talk about Helen. So
• 11:25
  Speaker 4: Helen was that's the uber eats No, Kareem is the
• 11:31
  Speaker 4: Uber of Egypt. So you had just mentioned something where
• 11:35
  Speaker 4: the company Cleaver is a banking app, so you said
• 11:38
  Speaker 4: that actually increase people's income. So it sounds very similar
• 11:41
  Speaker 4: to what we talk about on the show a lot
• 11:43
  Speaker 4: as far as multiple streams of income side hustles where
• 11:47
  Speaker 4: in the state, somebody might be working a job and
• 11:48
  Speaker 4: then they drive a uber for extra income and then
• 11:51
  Speaker 4: it's like, Okay, now you make extra income, but what
• 11:53
  Speaker 4: do you do with that extra income?
• 11:54
  Speaker 3: You gotta do something positive.
• 11:55
  Speaker 4: So now you have a banking actually actually allows them
• 11:57
  Speaker 4: to do something positive. So was that done intentionally where
• 12:00
  Speaker 4: it's like, Okay, Kareem get more income. Now I'm gonna
• 12:02
  Speaker 4: start you know, the fintech banking app where you know,
• 12:05
  Speaker 4: so many people are employed now part time driving cars.
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  Speaker 4: Now they can actually do something. Now they have to
• 12:09
  Speaker 4: actually do something with their money. So the banking app
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  Speaker 4: just makes sense.
• 12:13
  Speaker 2: It wasn't really planned, but however, this is how the
• 12:16
  Speaker 2: market have been changing. Like in the beginning in Kareem,
• 12:18
  Speaker 2: we were looking at copying Uber. Let me be frank here,
• 12:23
  Speaker 2: we're not. We're not innovators. If it's not broke, don't fix.
• 12:28
  Speaker 2: We just copy other things that worked in other countries
• 12:32
  Speaker 2: and we do it the Egyptian way that fits our markets,
• 12:34
  Speaker 2: and we innovate inside the business itself. So we didn't
• 12:37
  Speaker 2: do a robot, dot flies or an ai whatever buzzwords,
• 12:41
  Speaker 2: blockchain things that people say to make people listen to them.
• 12:44
  Speaker 2: We did something very very simple, but we executed well.
• 12:49
  Speaker 2: And then Kareem at a point in time in Egypt,
• 12:51
  Speaker 2: we had around one hundred thousand captains on our platform,
• 12:55
  Speaker 2: so this is one hundred thousand families making extra income,
• 12:58
  Speaker 2: and how on with each two one hundred thousand, which
• 13:01
  Speaker 2: is two hundred thousand families making extra income and clever, Yes,
• 13:05
  Speaker 2: as you were saying, we're trying to improve how people
• 13:07
  Speaker 2: spend and make it more transparent. There are no hidden spending.
• 13:11
  Speaker 2: You have to know what you can budget for yourself.
• 13:14
  Speaker 2: You can budget for your family. So if you have
• 13:16
  Speaker 2: one hundred dollars and you use our app, you should
• 13:19
  Speaker 2: be able to spend it in a more healthy way
• 13:22
  Speaker 2: to make the best out of it. You what was
• 13:25
  Speaker 2: the process?
• 13:25
  Speaker 5: Because you talk about you work in a kareem uh
• 13:28
  Speaker 5: and then you had clever. This went out, hello, yeah,
• 13:32
  Speaker 5: we got yeah, you went to clear you a kareem
• 13:34
  Speaker 5: and then you ate clever. So what was your background?
• 13:37
  Speaker 5: Did you study engineering? Where did you get a bug
• 13:40
  Speaker 5: for it? Or watching YouTube? University?
• 13:43
  Speaker 2: I studied the computer electronics engineering with a minor and
• 13:46
  Speaker 2: computer science in the American Advice the University in Cairo.
• 13:49
  Speaker 2: It was just across the road from here, and I
• 13:53
  Speaker 2: learned how to code on university, But I learned how
• 13:57
  Speaker 2: to work in the street, in the business itself, because
• 14:00
  Speaker 2: I believe that universities never teach you how to do
• 14:03
  Speaker 2: the work. They just give you the basic stuff. And
• 14:06
  Speaker 2: the real university is life itself and the learning of
• 14:10
  Speaker 2: other people. So my managers and my mentors are the
• 14:12
  Speaker 2: ones who taught me how to scale companies. How to
• 14:15
  Speaker 2: use technology to grow. And I guess I come from
• 14:19
  Speaker 2: an engineering background, but most of the soft skills that
• 14:24
  Speaker 2: I learned, I learned and work itself.
• 14:26
  Speaker 4: So you said something that's very important I want to
• 14:28
  Speaker 4: get back to because we just One good thing about
• 14:31
  Speaker 4: traveling is that it opens your eyes and it opens
• 14:33
  Speaker 4: your minds and it gives you ideas. So hey, you
• 14:37
  Speaker 4: said that you don't have to reinvent a way on paraphrasing,
• 14:39
  Speaker 4: and that's true for any entrepreneur. A lot of times
• 14:41
  Speaker 4: people feel like they have to come up with the
• 14:43
  Speaker 4: next thing. But it's like Take pretty much copy what
• 14:47
  Speaker 4: Uber did and they got acquired by three billion dollars.
• 14:50
  Speaker 4: So Take got three billion by copying. So there's not
• 14:53
  Speaker 4: wrong with copying. You just have to copy the right
• 14:56
  Speaker 4: person first. And second, when you said as far as
• 15:01
  Speaker 4: like you know, being in Egypt, that made me think
• 15:04
  Speaker 4: we just came from Nigeria. So we met a lot
• 15:06
  Speaker 4: of Americans that was in Nigeria that moved from America
• 15:10
  Speaker 4: to Nigeria, their family from Nigeria, stuff like that, and
• 15:13
  Speaker 4: they driving roads voices regular and they coming from Jersey, Chicago,
• 15:17
  Speaker 4: just regular neighborhoods in New York and they were telling
• 15:19
  Speaker 4: us that they just served things that were needed in
• 15:23
  Speaker 4: Nigeria and there wasn't anybody actually doing it. So like
• 15:27
  Speaker 4: we met a guy that's in cybersecurity. He's just a
• 15:29
  Speaker 4: regular computer program in America, but now he's the head
• 15:32
  Speaker 4: of the whole cybersecurity in Nigeria because there was nobody
• 15:35
  Speaker 4: else doing it, they was outsourcing it to America. So
• 15:37
  Speaker 4: he came in and said, Okay, hey, I'm Nigerian, I
• 15:40
  Speaker 4: can do it for cheaper. I'm an American, so I could
• 15:42
  Speaker 4: actually know exactly what they're doing. They're like, okay, lot
• 15:45
  Speaker 4: of guy's like running the whole thing. So I say
• 15:47
  Speaker 4: that to say, sometimes we just think too small. You
• 15:50
  Speaker 4: can't and that's even with being out here. That's one
• 15:52
  Speaker 4: of the reasons why we wanted to put this trip
• 15:54
  Speaker 4: together is that you can't just think local.
• 15:56
  Speaker 3: You gotta think global.
• 15:57
  Speaker 4: And his opportunities all over the world world, and there's
• 16:00
  Speaker 4: opportunities right there in your back yard if you just
• 16:03
  Speaker 4: look and think bigger. And like I said, you don't
• 16:06
  Speaker 4: have to reinvent the whale. Sometimes you can just actually
• 16:09
  Speaker 4: do what somebody else's door.
• 16:10
  Speaker 2: Take the wheel, make it your own. Yeah, And speaking
• 16:14
  Speaker 2: of this, like I graduated in two thousand and nine
• 16:17
  Speaker 2: from university and most of the people who graduated from
• 16:20
  Speaker 2: my major went outside working for facebooks the Mondos of
• 16:24
  Speaker 2: the world, and I chose to stay here because I
• 16:28
  Speaker 2: thought that there's more change that can be done here
• 16:31
  Speaker 2: and within my capabilities. However, we learn a lot from others,
• 16:37
  Speaker 2: like we learned the model from Faui, which was the
• 16:40
  Speaker 2: first company I worked for, was based on a model
• 16:42
  Speaker 2: in Brazil called Bradescup, which is very similar to it.
• 16:45
  Speaker 2: Kadem was based on uber Or inspired by Uber. Highland
• 16:49
  Speaker 2: was inspired by Gojack from Indonesia. Cliver is inspired by
• 16:52
  Speaker 2: New Bank. So traveling and seeing other countries and learning
• 16:55
  Speaker 2: from from them the ones that are similar in the DNA,
• 16:59
  Speaker 2: like what works and Brazil should work in Egypt similar.
• 17:03
  Speaker 2: It's a big country with a big population, different socio
• 17:05
  Speaker 2: economic levels. So this is very important to travel and
• 17:08
  Speaker 2: to learn and to go back to your country and
• 17:10
  Speaker 2: execute this in the best possible mode with the best
• 17:14
  Speaker 2: resources and try to make a difference, and usually happens
• 17:17
  Speaker 2: when you do it.
• 17:17
  Speaker 4: Twelve and you can also partner with other people from
• 17:20
  Speaker 4: other countries. That's another opportunity. We was in n Jerry.
• 17:23
  Speaker 4: We spoke to David O, who is a huge afrobeach artist.
• 17:26
  Speaker 4: His father's a billionaire, and he was telling us. He
• 17:28
  Speaker 4: was like, you guys can come out here and just
• 17:31
  Speaker 4: make a killing.
• 17:33
  Speaker 5: Yeah, that's one of the things that when he looked
• 17:35
  Speaker 5: at the merch, he said, man, I love the guy.
• 17:37
  Speaker 5: I love your merch. I love the ass of a liabilities.
• 17:40
  Speaker 5: I love what you guys were. Why don't you collaborate
• 17:42
  Speaker 5: with it either. I'm like, yeah, it's not that easy though,
• 17:46
  Speaker 5: but you did say something poor about collaboration. And so
• 17:49
  Speaker 5: I want to talk about Halana just really quickly because
• 17:52
  Speaker 5: it is a one stop shop for everything, and one
• 17:54
  Speaker 5: of the key factors is the e commerce section where
• 17:56
  Speaker 5: you have the buy now, pay later and for everybody here,
• 18:00
  Speaker 5: I know we've been talking about pay later when we
• 18:02
  Speaker 5: talk about companies like a firm who did a day will,
• 18:04
  Speaker 5: Target and Amazon and we saw have to pay acquired
• 18:07
  Speaker 5: by Square. Is that the long term vision for you guys.
• 18:10
  Speaker 5: You're looking like, all right, we see that this is
• 18:12
  Speaker 5: going to be successful. Let's package it hopefully get acquired
• 18:16
  Speaker 5: at some point.
• 18:17
  Speaker 2: Let me be honest. The way Hallan we thought about
• 18:20
  Speaker 2: it is go to a certain target segment and Upper
• 18:22
  Speaker 2: Egypt Or and Delta in places that don't know the
• 18:25
  Speaker 2: Amazons and the Jumias of the world, and we gave
• 18:28
  Speaker 2: them a very simple product that does technically everything, like
• 18:32
  Speaker 2: you can use you can it's mobility, You can use
• 18:36
  Speaker 2: it for mobility, you can use it for making more money,
• 18:38
  Speaker 2: for e commerce, for delivery, for lending, for everything. So
• 18:43
  Speaker 2: what we thought about is go to a certain target
• 18:45
  Speaker 2: segment and just give it a super app that does
• 18:49
  Speaker 2: technically everything, and we keep on trying, trying time. Speaking
• 18:52
  Speaker 2: of buy now, pay later, I think that Egyptians here
• 18:56
  Speaker 2: are a bit different from Americans in this area, yeah,
• 19:00
  Speaker 2: because we're not really we don't have enough financial education
• 19:05
  Speaker 2: to borrow money more than our capabilities. So what I
• 19:11
  Speaker 2: think is better.
• 19:12
  Speaker 3: That's actually very smart.
• 19:15
  Speaker 2: That's a good thing because I personally, I think that
• 19:19
  Speaker 2: people should know why they're borrowing and how they're borrowing.
• 19:23
  Speaker 2: Like I cannot be making one hundred dollars a month
• 19:26
  Speaker 2: and I'm wearing a five hundred dollars shoe and I'm
• 19:28
  Speaker 2: paying it over six months. It doesn't make sense to me.
• 19:31
  Speaker 2: So what I think is more important is to educate
• 19:35
  Speaker 2: people and tell them what they can afford and borrow
• 19:38
  Speaker 2: for essentials like borrow for education, borrow for to for health.
• 19:44
  Speaker 2: But by now, pay later. I think that it's pushing
• 19:48
  Speaker 2: people to spend more than what they actually make. And
• 19:51
  Speaker 2: this is extremely dangerous in my humble opinion. So I
• 19:54
  Speaker 2: think what's more important to save now? By later?
• 19:58
  Speaker 3: So you mean like, actually buy something you can afford.
• 20:00
  Speaker 5: Yeah, so if you can't buy it twice, don't buy it.
• 20:04
  Speaker 4: Yes, that's a crazy way of thinking. Where'd you get there?
• 20:07
  Speaker 4: Where in the world?
• 20:10
  Speaker 3: Yeah?
• 20:10
  Speaker 4: Oh man, Yeah, we got a whole system to just
• 20:12
  Speaker 4: don't worry about pay back later.
• 20:14
  Speaker 5: I don't worry about it. Hit ten thousand, twenty, don't
• 20:18
  Speaker 5: worry about it.
• 20:18
  Speaker 3: So you guys don't do credit cards over here? Right?
• 20:21
  Speaker 2: We do credit cards, but credit cards are only for
• 20:24
  Speaker 2: the super rich people like they can afford. They have
• 20:27
  Speaker 2: a very good scoring that they know that they can
• 20:29
  Speaker 2: pay it, and they are able to pay the credit
• 20:32
  Speaker 2: card fifty sixty times from their wealth and from their money.
• 20:37
  Speaker 2: So as you said, as you say, assets overliabilities. So
• 20:40
  Speaker 2: this is much more healthy, and I think that it's
• 20:44
  Speaker 2: good for the economy, it's good for the people. Maybe
• 20:46
  Speaker 2: people won't look as posh as what they should look.
• 20:49
  Speaker 2: But it makes them better and it takes them able
• 20:53
  Speaker 2: to pay for their children better and pay for the
• 20:56
  Speaker 2: necessities more.
• 20:59
  Speaker 3: So more.
• 21:00
  Speaker 4: That's pretty much what your app is, a mobile banking app, right, Yeah,
• 21:03
  Speaker 4: and you're targeting rural areas that are underserved, like unbanked areas.
• 21:07
  Speaker 2: The new one, Cliver, we're targeting the high end, highland
• 21:11
  Speaker 2: the one I'm still a shareholder, but executive targeted the
• 21:15
  Speaker 2: lower and the lower socioeconomic level.
• 21:17
  Speaker 4: Okay, So I noticed that the lower end. That's a
• 21:19
  Speaker 4: common theme in Africa also because I was watching sixty Minutes.
• 21:23
  Speaker 3: There's one in Kenya that's really really big.
• 21:25
  Speaker 4: They use like this mobile banking app.
• 21:29
  Speaker 3: Yes, yes, then there's one in Ghana. We talked both.
• 21:32
  Speaker 4: Was was that one call that was that was the
• 21:35
  Speaker 4: one that David was into. But I said that to say,
• 21:39
  Speaker 4: it seems like this is a theme all throughout Africa
• 21:41
  Speaker 4: where people in rural areas that don't have access to
• 21:45
  Speaker 4: physical banks. This new cell phone technology that actually banking
• 21:49
  Speaker 4: apps is something that we've been seeing hearing a lot about.
• 21:53
  Speaker 2: Yeah, and technology allowed us to leave through the banking
• 21:56
  Speaker 2: like we went from in Africa, we went from cash
• 21:59
  Speaker 2: to mobile banking, and many countries like Kennya skipped the
• 22:03
  Speaker 2: banking itself and you have more wallets than I think
• 22:06
  Speaker 2: humans and Kenya. So this is because it's much more easier,
• 22:10
  Speaker 2: it's much more it's faster, and honestly, banks are I
• 22:15
  Speaker 2: don't think banks are here to stay like. I think
• 22:17
  Speaker 2: banks have to disrupt, to be disrupted, or they have
• 22:21
  Speaker 2: to change because the new generation doesn't want to go
• 22:24
  Speaker 2: to a bank and stand in a branch and take
• 22:27
  Speaker 2: a number, and doesn't make sense that this user is
• 22:30
  Speaker 2: paying for the marble branch rent and for the for
• 22:34
  Speaker 2: the salaries of all of those people. Like the mobile
• 22:36
  Speaker 2: allows you to do everything at a much much lower cost.
• 22:39
  Speaker 2: So I think that mobile banking is coming over to
• 22:43
  Speaker 2: eat up the whole banking industry and digital banking will
• 22:47
  Speaker 2: happen one way or the other.
• 22:48
  Speaker 4: Yeah, fintech stocks anybody that watches Market Monday, this is
• 22:51
  Speaker 4: why we talk about fintech so much. So the reason
• 22:54
  Speaker 4: why I ask that question is that a lot of
• 22:56
  Speaker 4: times we don't know what's going on in the world.
• 22:58
  Speaker 4: As Americans. We just focus on America. But you got
• 23:00
  Speaker 4: to have a global perspective, especially if you're invested in
• 23:02
  Speaker 4: stocks and companies. This is why we see once again
• 23:06
  Speaker 4: and when we were in Nigeria to get the biggest
• 23:08
  Speaker 4: building that was there.
• 23:09
  Speaker 3: Who owned Microsoft. Microsoft.
• 23:11
  Speaker 4: So you know, countries all over the world are being
• 23:14
  Speaker 4: affected and you can't wait. As an investor, you can't wait.
• 23:18
  Speaker 4: You got to stay on top of the trend. So
• 23:20
  Speaker 4: I say that to say, fintech, mobile banking, this is
• 23:23
  Speaker 4: something that you know you need to get ahead of.
• 23:25
  Speaker 4: And if you're an investor, you definitely need to understand
• 23:27
  Speaker 4: the companies that are putting a lot of money into it.
• 23:30
  Speaker 4: And if you're a business person, you should, you know,
• 23:33
  Speaker 4: look into starting a partner in with these type of companies.
• 23:35
  Speaker 5: Yeah, and Muhammads given us the blueprint, right like, look,
• 23:38
  Speaker 5: you don't have to reinvent the will. Go to a country,
• 23:40
  Speaker 5: travel see what's not there coming from especially in America.
• 23:45
  Speaker 2: We know what works there. We can implement it here.
• 23:47
  Speaker 5: But I want to talk about, because you're on the
• 23:48
  Speaker 5: board of a number of tech companies, what do you
• 23:50
  Speaker 5: look for in a company to say, you know what
• 23:52
  Speaker 5: I want to invest.
• 23:53
  Speaker 2: I want to be a part of the success of
• 23:55
  Speaker 2: this going forward. My latest investment was a company called breakfast,
• 23:59
  Speaker 2: which like breakfast but with bread instead. And they just
• 24:03
  Speaker 2: raised the twenty six million dollars yesterday. Actually congratulations, yeah,
• 24:07
  Speaker 2: thank you. I have a very twenty six million. This
• 24:12
  Speaker 2: company's a craft all. What they do is they have
• 24:15
  Speaker 2: a couple of dark kitchens that started off by producing
• 24:19
  Speaker 2: bread and automating seventy m every day you have your
• 24:23
  Speaker 2: bread at your door. Certain like that, but did it
• 24:26
  Speaker 2: well and then they're skating into technically everything now. So
• 24:29
  Speaker 2: I invested in this company because the users liked it.
• 24:32
  Speaker 2: And this is the most important thing. If the users
• 24:34
  Speaker 2: are happy, then you can ask them for more money.
• 24:37
  Speaker 2: Then you can give them more services. So whenever I
• 24:40
  Speaker 2: find the users, whether they are BE to B or
• 24:42
  Speaker 2: B two ce are happy, I don't hesitate at all.
• 24:46
  Speaker 2: This is this is the real thing. We said B
• 24:47
  Speaker 2: to B Yeah, B to be because some companies are
• 24:50
  Speaker 2: business to business. If the businesses are happy, then you're good.
• 24:53
  Speaker 2: B to see. If the consumers are happy, then you're good.
• 24:55
  Speaker 2: So this is like Tesla. I'm a big fan of Tesla.
• 24:59
  Speaker 2: Like all the Tesla car owners, they usually like and
• 25:03
  Speaker 2: they're very proud. They have to tell you that they
• 25:05
  Speaker 2: own a Tesla and and if they if they put
• 25:08
  Speaker 2: their this money in a Tesla stock, they would have
• 25:10
  Speaker 2: made much more. But they want to own the car,
• 25:13
  Speaker 2: so they like it. And this is why the company
• 25:15
  Speaker 2: would just qulid keep on getting bigger and bigger and
• 25:18
  Speaker 2: bigger because users are happy and happy means a lot
• 25:20
  Speaker 2: of money.
• 25:21
  Speaker 4: Let me ask you about crypto. How is crypto in Egypt?
• 25:26
  Speaker 4: Is it? Is it being used? Is it accepted, is
• 25:30
  Speaker 4: it adoption? What's the what's the vibe of crypto out here?
• 25:34
  Speaker 2: Crypto in Egypt is banned, It's illegal, And you're I
• 25:40
  Speaker 2: I personally invested in crypto back in two thousand and eleven.
• 25:44
  Speaker 2: I bought a thousand and something bit coins by mistake
• 25:47
  Speaker 2: and they sold them by mistake.
• 25:51
  Speaker 3: But how do you sell a thousand bitcoin by mistake?
• 25:54
  Speaker 2: I'm a gamer. I play games, and we used to
• 25:56
  Speaker 2: use it for buying things inside the game. So today
• 26:01
  Speaker 2: I don't put money in crypto at all because I
• 26:03
  Speaker 2: think that it kills how I see business because it
• 26:07
  Speaker 2: goes up very fast, down very fast, and it doesn't
• 26:10
  Speaker 2: make sense to me that it goes that big. And
• 26:14
  Speaker 2: I'm a fan of gold, so I'm the opposite of crypto.
• 26:17
  Speaker 2: I think that everything has to be supported by something
• 26:20
  Speaker 2: physical or something that supports it. However, it's a big market,
• 26:23
  Speaker 2: and I believe in blockchain and DeFi, which is decentralizing everything,
• 26:27
  Speaker 2: but crypto itself, I'm afraid to reinvest in it. It's
• 26:31
  Speaker 2: very risky to me. Seven thousand a hard draft. Yeah,
• 26:37
  Speaker 2: I don't think this way, like speaking of going and
• 26:40
  Speaker 2: doing multiple Faoui, which is a company I had shares in.
• 26:44
  Speaker 2: I sold the shares four years ago, five years ago.
• 26:49
  Speaker 2: Today there are one sixty x what I sold in
• 26:53
  Speaker 2: the market. But if I think this way, I won't
• 26:57
  Speaker 2: be able to survive because whenever you look back and
• 27:00
  Speaker 2: you say, wow, if I did this, I would have
• 27:02
  Speaker 2: made a lot of money. You spend your life like
• 27:06
  Speaker 2: killing yourself and saying why I did this. So I
• 27:08
  Speaker 2: just looked to the front and we.
• 27:10
  Speaker 3: All we all make mistakes.
• 27:11
  Speaker 2: Yeah, it's okay to make mistakes.
• 27:14
  Speaker 3: Yeah, we all make mistakes.
• 27:16
  Speaker 2: We learn right, make mistakes. I think you made. There's
• 27:20
  Speaker 2: a mistake that's drinking about.
• 27:21
  Speaker 4: What I was thinking about yesterday.
• 27:25
  Speaker 3: The options.
• 27:27
  Speaker 5: Okay, why I'll let you tell the story.
• 27:32
  Speaker 3: We all make mistakes. I won't make.
• 27:35
  Speaker 2: Mistakes, Okay, Okay.
• 27:38
  Speaker 3: Let me ask you about God.
• 27:39
  Speaker 4: It's funny you say that because we just came from
• 27:41
  Speaker 4: the museum today and it was you know, obviously King
• 27:44
  Speaker 4: Tud and it was telling us about Goal and how
• 27:46
  Speaker 4: everything is. Theyrealking about how especially back then, gold was
• 27:49
  Speaker 4: so abundant and it's just dust of gold just flying
• 27:53
  Speaker 4: all over the place. So we're in the home of gold.
• 27:55
  Speaker 4: So you said, you you believe in gold. Why do
• 27:59
  Speaker 4: you believe in God? Are you invest in Goal? You
• 28:01
  Speaker 4: invest in Goal? Yeah, physical gold or a lot of
• 28:03
  Speaker 4: people in this region invest in gold bars like physical Goal.
• 28:07
  Speaker 3: Yeah.
• 28:07
  Speaker 2: Like I invest in gold, Yes, I invest in gold,
• 28:12
  Speaker 2: but I put it in a certain place. There are
• 28:13
  Speaker 2: certain companies that keep it for you here in Egypt.
• 28:16
  Speaker 2: And I believe that gold is very important because if
• 28:19
  Speaker 2: you lick, if you look at longer term investment like
• 28:22
  Speaker 2: ten twenty years, and you look at the graph of gold,
• 28:24
  Speaker 2: it's always going up and whenever there is a problem
• 28:27
  Speaker 2: in the world like COVID or whatever, you find it
• 28:30
  Speaker 2: even going up and up because it's store value, yeah,
• 28:35
  Speaker 2: store value, and it's very stable. And there is a
• 28:38
  Speaker 2: limited number of amount of gold in the world. So
• 28:41
  Speaker 2: and also countries like a country like Lebanon. I think
• 28:43
  Speaker 2: what's keeping it up till today is because it has
• 28:46
  Speaker 2: a lot of gold reserves, so it's type of stability,
• 28:50
  Speaker 2: and it's it's also important for long term wealth because
• 28:54
  Speaker 2: stocks go up and down very fast. There is a
• 28:57
  Speaker 2: certain point in time. Last year I gained this earners
• 29:01
  Speaker 2: What's up.
• 29:01
  Speaker 5: You ever walk into a small business and everything just
• 29:04
  Speaker 5: works like the checkout is fast, the receipts are digital,
• 29:08
  Speaker 5: tipping is a breeze, and you're out the door before
• 29:11
  Speaker 5: the line even builds odds are they're using Square. We
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  Speaker 5: love supporting businesses that run on Square because it just
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• 29:31
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• 29:34
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• 31:50
  Speaker 2: Doudo and lost as zero in the same year in
• 31:52
  Speaker 2: my wealth, which was a wealth, yeah, because of a
• 31:55
  Speaker 2: certain company. So this this doesn't make sense.
• 31:58
  Speaker 3: Gain to zero losses.
• 32:00
  Speaker 5: That's a quote a bar. We go at a bar
• 32:03
  Speaker 5: as a bar, we take an hour.
• 32:06
  Speaker 2: So gold doesn't do this like it goes up fifty
• 32:09
  Speaker 2: dollars per ounce one hundred dollars per ounce at maximum.
• 32:12
  Speaker 2: But it's very systematic and it's very stable, and I
• 32:16
  Speaker 2: think it's good to have a certain part of your
• 32:19
  Speaker 2: wealth has to be in something like this.
• 32:20
  Speaker 5: Are there any other commodities that you're invested in outside.
• 32:23
  Speaker 2: Of gold gold, and I think that there are certain
• 32:27
  Speaker 2: brands that just go up, like Krolis watches, Pat Philip
• 32:31
  Speaker 2: watches aps because the demand and the supply, it's very
• 32:36
  Speaker 2: obvious you cannot get one now, So I think they
• 32:39
  Speaker 2: will just go up. Because luxury, luxury products are going up.
• 32:43
  Speaker 2: You can see this from the LVMH stock, so those
• 32:48
  Speaker 2: are also very important. I'm speaking about light assets. I'm
• 32:50
  Speaker 2: not a fan of real estate, so.
• 32:52
  Speaker 5: Yeah, I only ask because we had a small conversation.
• 32:55
  Speaker 5: And for those who don't know, I'll tell you Muhammad
• 32:58
  Speaker 5: is a huge Rodax collector of them. But you said
• 33:00
  Speaker 5: you didn't wear yellow gold ones no, and so I'm
• 33:03
  Speaker 5: thinking you collect goal but you don't.
• 33:04
  Speaker 2: Wear the yellow.
• 33:05
  Speaker 5: Yeah, so there must be another canality, maybe platinum, maybe silver.
• 33:09
  Speaker 2: Where did the collection come from?
• 33:11
  Speaker 5: Is that something as a child you said I need
• 33:13
  Speaker 5: to have that because we have a friend I won't
• 33:15
  Speaker 5: say his name, Mike that also collects nothing compared to
• 33:19
  Speaker 5: your number.
• 33:19
  Speaker 2: But when I was in school, my mother used to
• 33:25
  Speaker 2: used to treat when I do something good, She used
• 33:28
  Speaker 2: to buy me I watch not of course, so whenever
• 33:31
  Speaker 2: I do something, you owe me some Yeah. Yeah. Whenever
• 33:36
  Speaker 2: I do something good, I buy myself. I watch so
• 33:39
  Speaker 2: and you have to clap for yourself because sometimes no
• 33:42
  Speaker 2: one is clapping.
• 33:44
  Speaker 3: Why why don't another boss? That's the fact. Why don't
• 33:46
  Speaker 3: you wear go rolets?
• 33:50
  Speaker 2: Our in Islam and our religion? Some people say it's
• 33:54
  Speaker 2: I'm not very religious, to be honest, but I just
• 33:57
  Speaker 2: think I like how white gold and platinum and Stanley.
• 34:00
  Speaker 3: Look, it's his personal preference.
• 34:01
  Speaker 2: It's a personal preference.
• 34:02
  Speaker 3: Yeah, you know, go, you know.
• 34:05
  Speaker 4: They were just talking about the Richard Millie how I
• 34:08
  Speaker 4: think Meek mill brought one for two hundred and fifty thousand,
• 34:11
  Speaker 4: and then a couple months later he brought it he
• 34:12
  Speaker 4: sold it for five hundred thousand. That watch is running
• 34:16
  Speaker 4: up like Tesla stock right now. There's a very limited
• 34:19
  Speaker 4: amount of pieces in the world, and there's an.
• 34:22
  Speaker 3: Unlimited amount of people that want to buy.
• 34:24
  Speaker 4: And the rolex thing is interesting because well, when we
• 34:27
  Speaker 4: was buying rolexes last year, there was a shortage of
• 34:30
  Speaker 4: rolexes in America. You couldn't get it, and like you
• 34:33
  Speaker 4: would have to wait thirteen months for a rolex. It
• 34:35
  Speaker 4: was extremely, extremely difficult to get rolexes even now there's
• 34:38
  Speaker 4: not a lot of inventory. So speaking about investments, I
• 34:41
  Speaker 4: just you saying that is very it's very key. Rolex
• 34:45
  Speaker 4: is definitely a great investment. I know, Mike shot the
• 34:48
  Speaker 4: mic just got the sky dweller.
• 34:50
  Speaker 2: We're in clap for that. The only wayed eighteen months yo.
• 34:54
  Speaker 4: Yeah, yeah, yeah, So sometimes you got to think of
• 34:55
  Speaker 4: the box. Everything could be an investment if you if
• 34:57
  Speaker 4: you do it correctly. But stocks, how is the you
• 35:00
  Speaker 4: have Egyptian stock market?
• 35:02
  Speaker 2: Right? Yeah?
• 35:03
  Speaker 4: Do Egyptians invest in now? When they just invest in
• 35:06
  Speaker 4: the American stock market.
• 35:07
  Speaker 2: They invest in the Egyptian stock market. Actually, Faulty is
• 35:10
  Speaker 2: in the two out of the biggest ten companies in
• 35:13
  Speaker 2: the public markets are FinTechs now and Egyptians are investing heavily.
• 35:19
  Speaker 2: I think the Faudi stock made around seven x since
• 35:23
  Speaker 2: the IPO one two years ago to the eighth of
• 35:26
  Speaker 2: August twenty eighteen. But the problem with investing in the
• 35:30
  Speaker 2: Egyptian stock till now is that you cannot leverage the
• 35:36
  Speaker 2: forests the dollar. So a lot of Egyptians are trying
• 35:41
  Speaker 2: to invest abroad in the sm P five hundred and
• 35:45
  Speaker 2: in other Nasdaq and other countries. But it's a bit
• 35:49
  Speaker 2: hard because also because of the forduct, Like one dollars
• 35:52
  Speaker 2: today is fifteen point seven Egyptian found So this is
• 35:56
  Speaker 2: a risk and it's a barrier to entry for external stocks.
• 36:02
  Speaker 2: And Egyptians like to invest in things they can see.
• 36:05
  Speaker 2: Like Egyptians love to invest in real estate. You can
• 36:08
  Speaker 2: find an average Yptian owning three or four houses. Some
• 36:11
  Speaker 2: are owning one hundred houses, and they think that real
• 36:15
  Speaker 2: estate is very good. So there are more towards owning
• 36:18
  Speaker 2: something that you can see. So whenever it's virtual, it's hard.
• 36:22
  Speaker 2: Like I was explaining NFTs to in a certain conference
• 36:26
  Speaker 2: a month ago and people thought that I'm crazy buying
• 36:29
  Speaker 2: digital something digital. They don't get this, and this is
• 36:32
  Speaker 2: the problem also with stocks. They want to buy physical
• 36:34
  Speaker 2: stuff like gold watchers, real estate, this is where they
• 36:37
  Speaker 2: put the money in.
• 36:38
  Speaker 5: That's interesting, right, because you're taking future and they're taking president.
• 36:43
  Speaker 2: I have to see I needed to be tangible. I'm
• 36:45
  Speaker 2: thinking about your.
• 36:46
  Speaker 5: Career business, it's expanded over fifteen years. What are some
• 36:51
  Speaker 5: of the biggest setbacks that you face staying here in Egypt?
• 36:54
  Speaker 2: Right?
• 36:54
  Speaker 5: What are some of the difficulties that you face being
• 36:56
  Speaker 5: a businessman here.
• 36:58
  Speaker 2: Like, let me be honest, half of my family in
• 37:00
  Speaker 2: San Francisco, Like my wife's family lives in San Francisco,
• 37:04
  Speaker 2: and do we go a lot. I go to Mountain
• 37:06
  Speaker 2: View and to Palo Alto, and whenever I go I
• 37:08
  Speaker 2: feel like, man, what's happening? Like my son was ordering
• 37:11
  Speaker 2: something from supermarket. A small starship robot came and we
• 37:15
  Speaker 2: opened and took the things I couldn't get this like,
• 37:17
  Speaker 2: and then when we came back here, my son is like,
• 37:20
  Speaker 2: where's the robot. I told him it's not here. So
• 37:24
  Speaker 2: this cannot be done here. If you put a robot
• 37:27
  Speaker 2: on the street, the children will run after it and
• 37:29
  Speaker 2: kick it and it won't be illogical. So whenever you're
• 37:34
  Speaker 2: in the States or in Silicon Value, you can do
• 37:36
  Speaker 2: things that you can never do here. But here the
• 37:39
  Speaker 2: beauty is that you see the change. Like I was
• 37:42
  Speaker 2: doing a report last month because I had a little
• 37:45
  Speaker 2: bit of a depression and I was looking at things
• 37:48
  Speaker 2: I did in the last fifteen years. We found that
• 37:51
  Speaker 2: we created around two and a half million jobs, which
• 37:54
  Speaker 2: is a very big number with the companies with it,
• 37:58
  Speaker 2: and this is one of the very few things that
• 38:00
  Speaker 2: keeps us going because the regulations here are hard. The
• 38:02
  Speaker 2: talent is very hard. Most of our tech today is
• 38:05
  Speaker 2: based in Lithuania and India and Pakistan. It's very hard
• 38:08
  Speaker 2: to find talent, it's very hard to find funding and money.
• 38:11
  Speaker 2: It's very hard to find the right area to work in.
• 38:15
  Speaker 2: So you have to keep on clapping for yourself and
• 38:18
  Speaker 2: seeing the impact you created to keep on going. And
• 38:22
  Speaker 2: this is extremely hard. So as long as we find this,
• 38:27
  Speaker 2: we will keep on going. But maybe ten years from
• 38:28
  Speaker 2: today you'll find me in Silicon Valley and ordering the
• 38:31
  Speaker 2: robots and the drones are illegal here in Egypt, for example,
• 38:36
  Speaker 2: you can go you can't fly a drone here. So
• 38:39
  Speaker 2: there's a lot of things that are you just cannot
• 38:41
  Speaker 2: do and you have to face it.
• 38:43
  Speaker 3: Yeah, talk about that.
• 38:44
  Speaker 4: You spend a lot of time as to the Corn
• 38:45
  Speaker 4: Valley and comparing the differences as far as like being
• 38:49
  Speaker 4: able to be an entrepreneur, like it's more free range
• 38:53
  Speaker 4: in America. Like can you just kind of give some
• 38:54
  Speaker 4: perspective to starting a business in Egypt starting a business
• 38:58
  Speaker 4: in America.
• 38:59
  Speaker 2: The problem here we're starting the business is that it's
• 39:02
  Speaker 2: not the norm. Like usually the Egyptian typical mother will
• 39:08
  Speaker 2: tell her son go work in a bank, or become
• 39:10
  Speaker 2: a doctor, or work in an engineering engineering company. Starting
• 39:15
  Speaker 2: a business is very risky and there is a certain
• 39:20
  Speaker 2: legal liability on you here when you start a business.
• 39:22
  Speaker 2: It's not just the financial liability because of the taxes
• 39:26
  Speaker 2: and how the laws are put together is very complicated.
• 39:30
  Speaker 2: So it's not easy to start a business here. But however,
• 39:34
  Speaker 2: it's becoming easier and easier as we grow and whenever
• 39:37
  Speaker 2: there are more success stories. Like ten years ago, there
• 39:39
  Speaker 2: were no startups in each zero, no startups, just government
• 39:43
  Speaker 2: companies and big businessman family officers doing Today we have
• 39:46
  Speaker 2: around twenty seven thousand startups, which is a very big
• 39:49
  Speaker 2: number and out of in the last in September two
• 39:53
  Speaker 2: months ago, Egypt was the highest influx of investments in
• 39:58
  Speaker 2: startups and the region on hundred and sixty two million
• 40:00
  Speaker 2: dollars versus less than a million dollars a month ten
• 40:03
  Speaker 2: years before. So it's moving very fast, legislation moving very fast,
• 40:07
  Speaker 2: but it's very hard and it's very risky. It's still risky.
• 40:12
  Speaker 5: Yeah, I mean, I'm thinking to myself, obviously you said
• 40:15
  Speaker 5: startain business wasn't a thing, So you become a superstar
• 40:18
  Speaker 5: in this space right because you are doing the startups.
• 40:21
  Speaker 2: How big is mentorship here? Right? Are you taking people
• 40:24
  Speaker 2: under your wing?
• 40:24
  Speaker 5: Are you finding people reaching out to you to say, yes, Mohammed,
• 40:27
  Speaker 5: you've done it. Can you now teach me or teach
• 40:29
  Speaker 5: my son or teach my daughter my family?
• 40:31
  Speaker 2: Yeah. Like two days ago, I received a call from
• 40:35
  Speaker 2: someone I don't know. He told me, I want you
• 40:36
  Speaker 2: to mentor me. I told him, what do you do?
• 40:37
  Speaker 2: He told me I do this, this and this. I
• 40:40
  Speaker 2: told them, manure better than me. Why are you calling me?
• 40:42
  Speaker 2: So I think that mentorship is big in Egypt, but
• 40:47
  Speaker 2: you have to choose the right mentors. God shared me
• 40:51
  Speaker 2: with the best possible mentors ever in the last fifteen years,
• 40:55
  Speaker 2: and they taught me how to do work. But they
• 40:57
  Speaker 2: are also the other side of mentors. There are people
• 40:59
  Speaker 2: that you want to be like, and those are also
• 41:02
  Speaker 2: very important. Like I remember some people during my fifteen
• 41:06
  Speaker 2: year career. I don't want to be like them. So
• 41:08
  Speaker 2: whenever I do something and I find that can you
• 41:12
  Speaker 2: hear me? Whenever I do something and I find that bad,
• 41:14
  Speaker 2: I say no, I don't want to be like those guys.
• 41:16
  Speaker 2: So I think there are mentors and that are like
• 41:18
  Speaker 2: don't do this, and both are very important.
• 41:21
  Speaker 4: So Helen most funded at in twenty twenty. How much
• 41:24
  Speaker 4: money came in.
• 41:26
  Speaker 2: One hundred and thirty four million dollars.
• 41:27
  Speaker 3: So how did you go about raising I mean where
• 41:31
  Speaker 3: the money?
• 41:32
  Speaker 2: At the beginning, we had a very big time raising
• 41:35
  Speaker 2: money because we work in a feel that was illegal,
• 41:39
  Speaker 2: which is the three wheelers. Egypt has around two million
• 41:42
  Speaker 2: three wheelers they called oktok and they're all illegal. But
• 41:46
  Speaker 2: like bicycles, no, they rickshaw. They it's like a motorcycle
• 41:50
  Speaker 2: but bigger. If you go like two streets inside, you'll
• 41:53
  Speaker 2: see a million in one street that like cockroaches, but
• 41:56
  Speaker 2: the problem is you know those The problem is that
• 42:01
  Speaker 2: they are in the country and they're moving in the country,
• 42:04
  Speaker 2: but they're illegal. So whenever we tried and we were
• 42:06
  Speaker 2: doing right healing, right healing which was illegal for talk
• 42:10
  Speaker 2: talks which are illegal, so it was very.
• 42:12
  Speaker 3: Hard illegal yeah, perfect.
• 42:16
  Speaker 2: And then and then a certain investor that invested in
• 42:22
  Speaker 2: Gojack in Indonesia knew that they had something similar, so
• 42:26
  Speaker 2: they gave us money. And the family business, a family
• 42:29
  Speaker 2: office here, gave us money. And then we started to
• 42:33
  Speaker 2: become bigger and bigger and bigger until one point, And
• 42:36
  Speaker 2: I don't know why this happened, everyone wanted to invest
• 42:39
  Speaker 2: with us. I think it's it's a set of stuff,
• 42:43
  Speaker 2: like good branding. We did a very very famous song
• 42:46
  Speaker 2: called Selcat has fifty five million views on YouTube, and
• 42:49
  Speaker 2: we did a lot of work on the ground. Yeah,
• 42:53
  Speaker 2: it's like a song, and we did. We opened the
• 42:56
  Speaker 2: markets of Soudan, Ethiopia, and it was one of the
• 42:59
  Speaker 2: very few Egyptian startups to go abroad. Usually Uber is
• 43:03
  Speaker 2: coming to Egypt, Microsoft is coming to Egypt. But an
• 43:05
  Speaker 2: Egyptian startup to go to Sudan and Ethiopia, this was new.
• 43:09
  Speaker 2: And then things started. Money started to come in and
• 43:14
  Speaker 2: a certain company start started. We start to merge with
• 43:18
  Speaker 2: other companies that do the complete the process, like we
• 43:22
  Speaker 2: do the technology part. Other ones do micro finance, other
• 43:25
  Speaker 2: ones do consumer finance. So we created like a bigger ecosystem.
• 43:30
  Speaker 2: And this bigger ecosystem is now profitable and has technology,
• 43:33
  Speaker 2: and this is what made people really want to invest
• 43:36
  Speaker 2: with us. But we spent like I met one hundred
• 43:38
  Speaker 2: and thirty two investors that said no, we won't invest
• 43:41
  Speaker 2: with you. But at the end today it's the most
• 43:44
  Speaker 2: funded APPA because it works.
• 43:47
  Speaker 4: Few things that I got from that, A, you didn't
• 43:50
  Speaker 4: you didn't let one hundred and thirty two people that
• 43:52
  Speaker 4: say no turning to terry you.
• 43:54
  Speaker 3: That's very important.
• 43:55
  Speaker 4: And then B you say you collaborated so you realize
• 43:59
  Speaker 4: that you might not be the best in every single area,
• 44:02
  Speaker 4: so you can focus on one area, partner with another
• 44:04
  Speaker 4: company that does that.
• 44:05
  Speaker 3: And you could break that down on a micro level.
• 44:06
  Speaker 4: As far as our entrepreneurs, A lot of time people
• 44:08
  Speaker 4: try to do everything themselves, but they look at like
• 44:11
  Speaker 4: they don't want to give up anything. But you can
• 44:14
  Speaker 4: partner with somebody that might be better you in a
• 44:15
  Speaker 4: different area and it's less money, but it's going to
• 44:19
  Speaker 4: actually grow your company faster because they're adding value.
• 44:21
  Speaker 2: Yeah, Like speaking of Kanie US Easies, Khani is not
• 44:27
  Speaker 2: a manufacturer like easy it's just a marketing company that
• 44:30
  Speaker 2: creates goes designs and collaboration with Adidas and I love
• 44:33
  Speaker 2: them so and people buy them and if our stand alone,
• 44:37
  Speaker 2: they're a big company. So he knew his strength, he
• 44:40
  Speaker 2: knew how to do it, and he went to someone
• 44:43
  Speaker 2: to do the art that he doesn't know how to do.
• 44:46
  Speaker 2: And I think this is great. Like Beats by Dray doctor.
• 44:49
  Speaker 2: They didn't go and manufacture the headphones. So I think
• 44:54
  Speaker 2: this Apple is a marketing company. It's not an electronics company.
• 44:57
  Speaker 2: It's all made in China and the chips are in Taiwan.
• 45:00
  Speaker 2: But the end of the day, you want to put
• 45:01
  Speaker 2: the Apple on your MacBook to look trendy. So you
• 45:05
  Speaker 2: have to know your strength and know other people's strength.
• 45:07
  Speaker 2: And this is where partnerships wins.
• 45:09
  Speaker 5: Yes, you said easy, he's huge. In fact, you said
• 45:14
  Speaker 5: out of war the easies today for that reason, shut
• 45:17
  Speaker 5: it's easy. Well, I want to go really quickly because
• 45:19
  Speaker 5: I'm listening to what you're saying.
• 45:21
  Speaker 2: And we we were over there. If it's not broken,
• 45:23
  Speaker 2: or fix it.
• 45:24
  Speaker 5: But you were the creative director at Kareem and now
• 45:27
  Speaker 5: Hanan has right hailing.
• 45:29
  Speaker 2: So did you take what you learned that a right? Yes, right,
• 45:32
  Speaker 2: you have got uber. We said, let me take where
• 45:33
  Speaker 2: I'm working from right here and let me go make
• 45:35
  Speaker 2: it there. Yeah, what happened. I copied a lot of
• 45:38
  Speaker 2: what I learned, and I don't think it's something wrong
• 45:42
  Speaker 2: as long as it's not legally wrong. And this is
• 45:45
  Speaker 2: where experience is built. Like you will find all the
• 45:48
  Speaker 2: people in Egypt creating infrastructure companies. Worked for infrastructure companies
• 45:52
  Speaker 2: a broad but highland. Today Right Healing doesn't represent five
• 45:57
  Speaker 2: percent of the company, So we just found them entry
• 46:00
  Speaker 2: to the market, and then we grew. Like when you
• 46:02
  Speaker 2: look at Tom's shoes, for example, I think they found
• 46:06
  Speaker 2: an entry by the one for one model. But at
• 46:08
  Speaker 2: the end of the day, people don't care, like they're
• 46:11
  Speaker 2: just new tombs. So we started by a three wheeler
• 46:15
  Speaker 2: right hailing, which was very similar to what Kareem did,
• 46:17
  Speaker 2: but for cars, and then we expanded into everything else.
• 46:23
  Speaker 2: So you do what you know, and then you expand
• 46:26
  Speaker 2: on things that you learn.
• 46:28
  Speaker 3: Do what you know and then expanded the things that
• 46:30
  Speaker 3: you learned.
• 46:31
  Speaker 4: That's very important because even like you had a job essentially,
• 46:34
  Speaker 4: and you know a lot of people have jobs, but
• 46:35
  Speaker 4: then you know, being an entrepreneur, you can take what
• 46:37
  Speaker 4: you learned at your job, what you know at your job,
• 46:41
  Speaker 4: and develop a business based off of your training that
• 46:44
  Speaker 4: somebody else actually trained you up for.
• 46:46
  Speaker 2: Yeah, and like PayPal, they call it PayPal mafia, which
• 46:48
  Speaker 2: are the people who started from PayPal and did company's
• 46:51
  Speaker 2: Kareem here, they call it the Kareem cartel. This is
• 46:54
  Speaker 2: and like more than fifty people from Kareem went out
• 46:58
  Speaker 2: and made you made their own company because they knew
• 47:00
  Speaker 2: that it's possible, and they got some money from Kim
• 47:03
  Speaker 2: and they knew access to talent and they just started
• 47:06
  Speaker 2: doing their work. So you have to learn from others
• 47:09
  Speaker 2: and do it like I'm a huge I'm I'm a
• 47:10
  Speaker 2: huge fan of ilumask for example. I think that a
• 47:13
  Speaker 2: lot of people from Tesla will go out and do
• 47:16
  Speaker 2: electric things, electric cars, electric thrones, whatever, because this is
• 47:20
  Speaker 2: where you learn.
• 47:21
  Speaker 4: So it just makes sense speaking of Kanye's the same thing. Yeah,
• 47:26
  Speaker 4: Rockefeller shout out today. You know that tree and then
• 47:29
  Speaker 4: Kanye's tree. Look at Kanye Street, Virgil dn.
• 47:33
  Speaker 5: Ce, Uh, you got Big Sean on an artists standpoint. Uh,
• 47:39
  Speaker 5: you got John Legend from that Trie, you got comment
• 47:41
  Speaker 5: from Metrie. I mean there's so many Fair God, Jerry,
• 47:44
  Speaker 5: Jerry Lorenzo.
• 47:46
  Speaker 4: So all these guys come from Kanye absolutely absolutely. So
• 47:51
  Speaker 4: before we wrap, what do you what do you what's
• 47:54
  Speaker 4: your expectations are you? Are you hopeful for the for
• 47:57
  Speaker 4: the future of Egypt in ten years from now? We
• 48:00
  Speaker 4: come back, we do this interview. What do you think
• 48:02
  Speaker 4: the future of Egypt looks like I know, it was
• 48:04
  Speaker 4: a lot of you know things that have happened. You
• 48:06
  Speaker 4: guys had a revolution not too long ago, ten years ago.
• 48:08
  Speaker 4: If we think about it, like we talked about the
• 48:10
  Speaker 4: American Revolution, that's seventeen seventy six. Egypt resolution was twoenty eleven,
• 48:17
  Speaker 4: so it's still a lot. I'm assuming it's still going on.
• 48:20
  Speaker 4: So how's the post of the country and how optimistic
• 48:24
  Speaker 4: and how do you feel about the future of the country.
• 48:26
  Speaker 2: The amount of roads new roads in Egypt in the
• 48:29
  Speaker 2: last seven years built are more than the amount of
• 48:32
  Speaker 2: roads built in the previous seven years, So the infrastructure
• 48:36
  Speaker 2: growth is exponential. And a lot of people who were
• 48:41
  Speaker 2: working abroad came during the COVID tour from home in
• 48:44
  Speaker 2: Egypt and state. So talent is moving up, infrastructure is
• 48:47
  Speaker 2: moving up, economy is moving up, and there is a
• 48:52
  Speaker 2: lot of non stability in countries around us that are
• 48:56
  Speaker 2: letting people choose us by elimination for investment. So those
• 49:00
  Speaker 2: are all good things. I think the only thing we
• 49:04
  Speaker 2: need in Egypt is foreign investment and foreign learnings because
• 49:08
  Speaker 2: this is something that we lack and this is something
• 49:11
  Speaker 2: that would be a great differentiator. And speaking of America,
• 49:14
  Speaker 2: America as a huge country, I think you cannot compare
• 49:18
  Speaker 2: it to Egypt. But there are certain cities in America
• 49:22
  Speaker 2: like Copertino has Apple. It's based on Apple, and then
• 49:25
  Speaker 2: you will find a place like Mount of View is
• 49:28
  Speaker 2: based on Google. And then you go to Seattle, you'll
• 49:30
  Speaker 2: find Amazon and you'll find Starbucks. So I think that
• 49:34
  Speaker 2: if those companies like the Fallties of Egypt go up
• 49:39
  Speaker 2: and the highlands of Egypt go up, the whole economy
• 49:41
  Speaker 2: will go up. So ten years from today, I think
• 49:44
  Speaker 2: it will be much better.
• 49:45
  Speaker 5: When we spoke about the job creation, and I don't
• 49:48
  Speaker 5: want to gloss over, but that's huge. Right Are we
• 49:51
  Speaker 5: talking to about the country or specific parts of the country?
• 49:54
  Speaker 2: Right?
• 49:55
  Speaker 5: Cairo obviously is a huge city. I believe over twenty
• 49:58
  Speaker 5: million people. Are we talking the regions of Egypt? Are
• 50:01
  Speaker 5: we're specifically talking here?
• 50:02
  Speaker 2: In kind? The beauty of Cairo is that here this
• 50:05
  Speaker 2: tower four seasons, tour an apartment here is five million
• 50:08
  Speaker 2: dollars up to fifteen million dollars, and right here you'll
• 50:11
  Speaker 2: find an apartment the same space for fifty thousand dollars.
• 50:16
  Speaker 2: So things are very close here. So when you create jobs,
• 50:20
  Speaker 2: you create jobs everywhere, because the beauty of the Egyptian
• 50:24
  Speaker 2: population is that they're all weaved into each other, and
• 50:26
  Speaker 2: they're all married from each other and into each other.
• 50:29
  Speaker 2: So when you create a job at certain type of job,
• 50:32
  Speaker 2: it just goes everywhere. This is genius.
• 50:36
  Speaker 4: So you said that you're not a fan of real estate,
• 50:39
  Speaker 4: but you just said that the rich Carlton has five
• 50:41
  Speaker 4: million dollars, apartment goes up to fifteen million, So hey,
• 50:46
  Speaker 4: why are you not a fan of real estate? And
• 50:48
  Speaker 4: how is the real estate market in Egypt? Is it
• 50:51
  Speaker 4: booming right now? Is it going up?
• 50:53
  Speaker 2: Yes, it's going up big time. But I think that
• 50:56
  Speaker 2: the value created by money in the business is much
• 51:00
  Speaker 2: higher than the value created by money in real estate.
• 51:02
  Speaker 2: This is a personal opinion, and I like to invest
• 51:07
  Speaker 2: in things that create value because money is a byproduct.
• 51:10
  Speaker 2: Money is not a goal. You cannot wake up in
• 51:14
  Speaker 2: the morning and say today I want to make two
• 51:15
  Speaker 2: hundred pounds. This This is not how I see it
• 51:18
  Speaker 2: and say I want to create value and that's this
• 51:19
  Speaker 2: value with create two hundred pounds along the way. So
• 51:23
  Speaker 2: I think that real estate it's not my thing. I'm
• 51:26
  Speaker 2: a tech guy. I believe that technology is very important,
• 51:29
  Speaker 2: And I come from a generation that doesn't really like ownership,
• 51:34
  Speaker 2: Like we're changing how things are happening. We want Airbnb,
• 51:38
  Speaker 2: you stay in one week and then go to another thing,
• 51:41
  Speaker 2: use careem and Uber. Everything is like on demand sharing economy.
• 51:46
  Speaker 2: So I think that the real value is to pay
• 51:48
  Speaker 2: money in platforms and companies and things that create more
• 51:53
  Speaker 2: and more and more and more value and real estate.
• 51:55
  Speaker 2: I'm not a fan of it, honestly. I think that
• 51:57
  Speaker 2: it's you're putting money in a block of lots of
• 52:00
  Speaker 2: concrete that if you don't want to use it, then
• 52:04
  Speaker 2: don't buy it. That's how I see it. But I'm
• 52:07
  Speaker 2: a very I'm a crazy person. Don't go with me
• 52:11
  Speaker 2: on this. Yeah, my wife thinks that this is stupid,
• 52:14
  Speaker 2: for example, but it is all this there.
• 52:17
  Speaker 3: You have it, different strokes with different folks.
• 52:19
  Speaker 4: But you have to go and what you're passionate about,
• 52:21
  Speaker 4: what you like and what you don't believe in.
• 52:23
  Speaker 3: And there's no money like tech money.
• 52:25
  Speaker 2: So tech money today, but how long will it stay?
• 52:29
  Speaker 2: So maybe ten years from the day there is a
• 52:31
  Speaker 2: new thing that's called something else that takes over the
• 52:35
  Speaker 2: tech type metaverse.
• 52:36
  Speaker 3: How you feel about the metaverse.
• 52:38
  Speaker 2: I'm afraid of it because I'm a VR user. I'm
• 52:41
  Speaker 2: a heavy VR user since as a commercial product, and
• 52:47
  Speaker 2: I love it, honestly, I love it. And it takes
• 52:50
  Speaker 2: you away from the world and it makes you do
• 52:51
  Speaker 2: whatever you want. And this is scary. Yeah, you know,
• 52:54
  Speaker 2: what are you afraid because of escapism? Is that what
• 52:56
  Speaker 2: you're saying? Yeah, Like, whenever you feel like you don't
• 52:59
  Speaker 2: like you family, you can put on the goggles and
• 53:01
  Speaker 2: see another family. So it's very sky.
• 53:06
  Speaker 4: A friend of ours shout out the nineteen Keys. He
• 53:09
  Speaker 4: said he tried the Holow lens of Microsoft. It's not
• 53:11
  Speaker 4: out yet, but it's like the Microsoft Class hollow and
• 53:14
  Speaker 4: he said it makes reality very bore.
• 53:18
  Speaker 2: Yeah. I use the Quest which is the Oculus the Facebook,
• 53:23
  Speaker 2: and I always buy the new one and I play
• 53:26
  Speaker 2: games on it, and I use I watch YouTube whenever,
• 53:31
  Speaker 2: like if you watch the three sixty, we are videos
• 53:34
  Speaker 2: of cities. There is a certain one of Hong Kong.
• 53:37
  Speaker 2: There are many of them. You feel you travel there,
• 53:40
  Speaker 2: which is very weird, and you move and you feel
• 53:42
  Speaker 2: that you're going to touch people. And whenever it improves,
• 53:45
  Speaker 2: it will become just better and better. And it's scary.
• 53:47
  Speaker 2: But we have to face it. There are two ways
• 53:50
  Speaker 2: to expand. Those billionaires have to expand. There are others
• 53:54
  Speaker 2: through space going to Mars or through the metaverse, because
• 53:57
  Speaker 2: they have to create their own universes. And this is
• 54:00
  Speaker 2: very tough.
• 54:00
  Speaker 5: You said you are a gamer, so I'm gonna go
• 54:02
  Speaker 5: back to it. What were you playing? What were we playing?
• 54:04
  Speaker 2: I play with Craft okay, and you're a real gamer. Yeah,
• 54:07
  Speaker 2: and I love Goal of Duty and I think it's
• 54:12
  Speaker 2: anger management more than you the guy.
• 54:15
  Speaker 4: Every time you said something that was very profound, and uh,
• 54:18
  Speaker 4: this is I know Ian would love this.
• 54:20
  Speaker 3: Shout out to market mondays.
• 54:22
  Speaker 4: Uh, you said billionaires they have two options of how
• 54:25
  Speaker 4: they can expand in the universe the actual verse, which
• 54:29
  Speaker 4: that's why we see Tesla, Tesla, Elon Musk, SpaceX and
• 54:34
  Speaker 4: Jeff Bezos and all these guys fascinated with space and.
• 54:39
  Speaker 3: Then in the metaverse.
• 54:41
  Speaker 4: Yeah, and that's why we see Mark Zuckerberg and now
• 54:44
  Speaker 4: Microsoft and Phil Knight just fouled for the virtual trademark
• 54:47
  Speaker 4: for the mic. So that's kind of crazy if you
• 54:49
  Speaker 4: think about it, like they're moving into different universes, the
• 54:53
  Speaker 4: metaverse and the actual universe, and.
• 54:56
  Speaker 2: The trillionaire the first trillion row will feed. It will
• 54:59
  Speaker 2: be the person who takes the most traction. Like if
• 55:01
  Speaker 2: people want to go to Mars and they're willing to
• 55:03
  Speaker 2: pay a million dollars to go to Mars, Elon Musk
• 55:05
  Speaker 2: business will be a billionaire. If people want to pay
• 55:07
  Speaker 2: up ten thousand dollars then use an oculus, then Mark
• 55:10
  Speaker 2: would be a trillionaire.
• 55:11
  Speaker 3: Well, you know it's so crazy, right, how much is
• 55:12
  Speaker 3: Elon must worth right now?
• 55:14
  Speaker 2: Estimated three hundred billion.
• 55:15
  Speaker 4: He's worth three hundred billion right now, But they already
• 55:19
  Speaker 4: have him being on pace to be a trillionaire, not
• 55:22
  Speaker 4: based off Tesla, based off stock sex, SpaceX and SpaceX.
• 55:28
  Speaker 3: Is it even profitable.
• 55:29
  Speaker 5: It's not even ido yet. So the division is if
• 55:31
  Speaker 5: it IPOs but.
• 55:32
  Speaker 3: That's what I'm saying. They say it's going to have
• 55:34
  Speaker 3: double the value.
• 55:35
  Speaker 2: TAD, then you trillion. There would be someone we don't
• 55:37
  Speaker 2: know or does something you never know. Maybe it's a
• 55:40
  Speaker 2: spin tech guy.
• 55:42
  Speaker 4: I don't know, But that just goes to show you
• 55:46
  Speaker 4: the expectations for space exploration. If they're already valuing a
• 55:51
  Speaker 4: company that's not even public more than Tesla, then they're
• 55:56
  Speaker 4: already expecting that to be way more valuable than Tesla
• 56:00
  Speaker 4: and it hasn't even really taken off yet.
• 56:03
  Speaker 5: We've seen the companies we saw Tesla is still trying
• 56:05
  Speaker 5: to do it with Virgin Goal acting the same thing
• 56:07
  Speaker 5: they try to do it. They're trying to remember I
• 56:10
  Speaker 5: told you that, Like Kings Comedy was like a joke
• 56:12
  Speaker 5: when Cedrick Didstan it was saying like, yeah, they're trying
• 56:14
  Speaker 5: to leave us and go to Mars. Like no, that
• 56:15
  Speaker 5: was nineteen ninety seven. It was a joke, but like, no,
• 56:17
  Speaker 5: this is really happening now, and so we don't.
• 56:19
  Speaker 2: Get ahead of it, we don't become a partner.
• 56:21
  Speaker 5: I feel like there was the same thing when we
• 56:22
  Speaker 5: had the Bigcoin conversation in twenty sixteen. We were like, look,
• 56:25
  Speaker 5: if we don't tell people about this, we're doing itself
• 56:27
  Speaker 5: on ourselves to the service to our community, right, Like
• 56:29
  Speaker 5: we need to make sure everybody knows so that they
• 56:31
  Speaker 5: don't get left. Yeah, and so like the fact that
• 56:33
  Speaker 5: we're talking about it now is the same concept, Like
• 56:35
  Speaker 5: we have to make sure that people are understand what's
• 56:37
  Speaker 5: happening so they don't get left. So like when you're
• 56:39
  Speaker 5: talking about NFTs and we're talking about the metaverse of people.
• 56:41
  Speaker 5: It's not like he's crazy.
• 56:43
  Speaker 4: No, But we just were talking about flying cars yesterday.
• 56:47
  Speaker 4: We just had this conversation about flying cars. If you
• 56:49
  Speaker 4: watch the checkson tell you it's just with you, right, yeah,
• 56:53
  Speaker 4: right right, heah. We had a comptation right there because
• 56:55
  Speaker 4: a company that just filed the path for a first
• 56:57
  Speaker 4: flying car, they already have the technology, but it's just
• 56:59
  Speaker 4: not but long story short, it's already in the words
• 57:02
  Speaker 4: for the first So when we watched The Jetsons, that
• 57:04
  Speaker 4: was like, you know, it was like, but it's one
• 57:07
  Speaker 4: of these things where in the future, everything that's in
• 57:10
  Speaker 4: a movie is gonna happen eventually. Yea, they already thought
• 57:14
  Speaker 4: of it. If the human mind could think of it.
• 57:15
  Speaker 4: I mean, it's possible. So I say, I have to
• 57:17
  Speaker 4: say the first flying car will probably be out relatively soon.
• 57:21
  Speaker 2: Like Black Mirror is is real, yeah, and that the
• 57:24
  Speaker 2: player one is really like someone has to be inspired.
• 57:27
  Speaker 5: There you have him coming back with can we bring
• 57:32
  Speaker 5: him back now?
• 57:34
  Speaker 3: Muhammad? It's been a pleasure.
• 57:35
  Speaker 4: What would you like to what would you like to
• 57:37
  Speaker 4: tell the people how what would you like to you know,
• 57:40
  Speaker 4: to talk about the company a little bit. Your social
• 57:42
  Speaker 4: media handles all of that and any last words of encouragement,
• 57:45
  Speaker 4: any last words for Egypt.
• 57:48
  Speaker 2: I was just telling Troy like, I'm not a podcast guy.
• 57:51
  Speaker 2: I'm very shy. I'm a trained introvert. I was reven
• 57:55
  Speaker 2: I'm a colder. I'm an engineer. But I found that
• 57:58
  Speaker 2: I have to speak in order for others to know
• 58:01
  Speaker 2: because there is a certain bandwidth the humans. If bad
• 58:05
  Speaker 2: people speak all the time, then people will just be bad.
• 58:08
  Speaker 2: If good people speak all the time, then good people
• 58:11
  Speaker 2: will be more So. I think that anyone who has
• 58:14
  Speaker 2: something or has a certain story, they have to say
• 58:16
  Speaker 2: it and they have to talk to people about it.
• 58:19
  Speaker 2: And maybe someone gets inspired by this and you change
• 58:24
  Speaker 2: or her life. And honestly, what your guys are doing
• 58:27
  Speaker 2: is genius. Because I don't believe in universities. I think
• 58:31
  Speaker 2: twenty days, twenty years from today, no one will go
• 58:33
  Speaker 2: to universities and people who will learn from things like you,
• 58:37
  Speaker 2: things like this, and this is where the real value
• 58:40
  Speaker 2: is created. Because I'm an engineer who is now sitting
• 58:43
  Speaker 2: on a podcast that had Shack O'Neil before, it doesn't
• 58:48
  Speaker 2: make sense. But because you chose to let me sit
• 58:53
  Speaker 2: here and say my story, so you have to stay
• 58:55
  Speaker 2: your story and speak to others. And although I'm really
• 58:58
  Speaker 2: shy now, I'm afraid to look two people in their faces.
• 59:01
  Speaker 2: But I have to prey myself and I have to
• 59:04
  Speaker 2: overcome this and move out of my comfort zone.
• 59:06
  Speaker 3: And thank you, thank you, thank you, e y l Egypt.
• 59:11
  Speaker 3: Soon come. This is magical. Don't be surprised if you
• 59:14
  Speaker 3: if we have a check.
• 59:15
  Speaker 5: I look back and I saw the sunseting. I lost
• 59:18
  Speaker 5: one second. It was incredible.
• 59:19
  Speaker 2: I'm sorry.
• 59:20
  Speaker 3: Did you see.
• 59:22
  Speaker 2: A picture? You got me? Mom? Man, It's a beautiful place.
• 59:26
  Speaker 3: Amazing Now, this is amazing. Thank you guys. I saw.
• 59:33
  Speaker 2: My graduates from our school being forced bad drop bag
• 59:38
  Speaker 2: drop my draft.
• 59:40
  Speaker 3: Bad drop.
• 59:51
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