<p>Why did they not negotiate directly with Safaricom?</p>
<p>Large firms are full of bureaucrats who ignore SME concerns. </p>
<p>What is the case here? What does Safaricom have to say about the sms delivery/failure report discrepancies?</p>
<p>Regards</p>
<p>Murigi / Stanley Muraya</p>
<div class="gmail_quote">On Feb 6, 2014 12:38 PM, "Andrea Bohnstedt" <<a href="mailto:andrea.bohnstedt@ratio-magazine.com">andrea.bohnstedt@ratio-magazine.com</a>> wrote:<br type="attribution"><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
<div dir="ltr"><div>Dear all, <br><br>Major eyeroll after reading this piece on Techmoran: <br><br><a href="http://techmoran.com/kenyas-m-kazi-closes-shop-over-embezzlement-of-nearly-1-million-raised-from-institutional-investors/#disqus_thread" target="_blank">http://techmoran.com/kenyas-m-kazi-closes-shop-over-embezzlement-of-nearly-1-million-raised-from-institutional-investors/#disqus_thread</a><br>
<br>I just had a quick chat with Lino Carcoforo and a couple of points on what the real story is are below - Techmoran are just plain unprofessional for not including any response from the funders. <br><br>And I think the real story should certainly be of interest to both the tech and the VC community. I'm sure Lino (copied) is happy to answer questions and discuss. <br>
<br></div>Have a good day,<br>Andrea <br><div><br><br><br><div><br><div class="gmail_quote">---------- Forwarded message ----------<br>From: <b class="gmail_sendername">Lino Carcoforo</b> <span dir="ltr"><<a href="mailto:lino.carcoforo@googlemail.com" target="_blank">lino.carcoforo@googlemail.com</a>></span><br>
Date: 6 February 2014 12:15<br>Subject: Mkazi- clarification<br>To: <a href="mailto:andrea.bohnstedt@ratio-magazine.com" target="_blank">andrea.bohnstedt@ratio-magazine.com</a><br><br><br><div dir="ltr">Andrea, <div><br>
</div><div>Mkazi raised a total of 200,000 USD NOT 1 million USD</div>
<div><br></div><div>Main reasons for winding down,</div><div><br>
</div><div>1. Billing issues with Safaricom - Having negotiated rates through craft silicon to ensure better margins on SMS and USSD, mkazi was not able to bill safaricom directly due to a lack of a tripartite agreement. </div>
<div>2. Lack of cash flow due to not being able to bill</div><div>3. Discrepancy between mkazi system sms sent and safaricom delivery reports. </div><div>4. Failure to close subsequent funding as a result of not showing adequate growth in user acquisition -again, directly tied to lack of marketing spend. </div>
<div><br></div><br></div></div><br></div></div></div>
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