The Narrow Profile of the Entrepreneurs who can afford to fail

[MikeOck]

This ties in to another post I shared in a previous thread on “What kills startups?” two years back:

What kills startups?

All these answers quoting American sources. Have people here not yet realised how TechCrunch thinking does not apply in Africa? If you ask me, the number one reason for start-up failure in our context is that most people are not in situations that allow them to persist with their ideas for long enough to succeed. Persistence is the most important quality for success. We’ve all heard of how Linda Ikeji persisted with her blog for 5 years till she eventually struck gold, but how many Africans can…