16 of Africa's most high profile startup failures of the past 10 years

16 of Africa's most high profile startup failures of the past 10 years

    E-Commerce
    Y Combinator

No one starts something expecting to fail. Yet, when it comes to startups, that is what everyone should anticipate. Studies have shown that at least 90% of all startups fail [PDF] that is why ‘fail fast, fail often’ or 'fail fast, fail cheap' is a highly significant area of the agile philosophy. History suggests that one should not be surprised when a startup announces that it is closing its doors, yet we are always surprised. Based on Digest Africa research, we have looked up what we consider the most significant startup failures across Africa. In doing this research we point out some of the startups that had become high profile - by raising significant funding, assembling a stellar founding team, were described by the media as the next big thing or had attained some level of market traction - but found themselves on a downward spiral a few years down t... }

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