00M in financing.
During this episode of the Dealmakers Show, Nada shared how he was drawn into entrepreneurship, what he learned in consulting, using debt versus equity to fund your startup, and the future of transport and delivery.
Mina Nada ditched his law degree to find something more impactful in the real world. He’s turned his once side hustle into a fast-growing global business that has already attracted
00M in financing.
During this episode of the Dealmakers Show, Nada shared how he was drawn into entrepreneurship, what he learned in consulting, using debt versus equity to fund your startup, and the future of transport and delivery.
Listen to the full podcast and review the transcript here.
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- 1. Finding Your Way To Contribute
- 2. Turning Your Side Hustle Into A Real Business
- 3. Then Mobike was acquired.
- 4. Equity Versus Debt Funding
Finding Your Way To Contribute
Mina Nada’s parents immigrated from Egypt to Australia in the 80s, where he was born. He spent a lot of his time growing up reading, making new friends, and studying history and languages.
TV inspired him to consider a degree in law. However, once in law school he quickly discovered that the Australian legal system wasn’t quite what he was hoping for. You could choose from only being a solo practitioner who could litigate in the courtroom, or joining a team, but not being able to speak in court.
He also found that he was confined by not being able to give clients sound advice. Instead being relegated to doing the paperwork, even if they saw huge mistakes being made.
This sent Mina into consulting. Which he says certainly helped build out his financial toolkit. He wanted to help business owners with strategy. Though again found the work was mostly running numbers in the background, not engaging with CEOs on whiteboards.
While this definitely equipped him to take a more objective and fact-based approach to decision-making in business, it still lacked the impact and real-world application he craved.
He could have gone on to work in private equity, and pursue his MBA. Or become a doctor as his mother would still like. Then he found an opportunity to work at his first startup, Deliveroo.
This opportunity seemed much more entrepreneurial. He also personally related to the service given his many late nights working in consulting and ordering food delivery. This was a chance to experience a startup that was on the frontlines. Though without taking on all the risk of doing it alone.
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