Next Wave: Failed startups leave us richer in some ways
- Okra is scaling back and returning part of its funding to investors after five years of operation.
- The stigma surrounding startup failures in Africa often overshadows the reality that 90% of startups globally fail.
- Failed startups leave behind valuable talent and infrastructure that can drive future innovation.
The narrative around startup failures in Africa needs to shift from stigma to recognition of the value these failures bring to the ecosystem. By embracing the lessons learned and the talent developed through these experiences, we can foster a more resilient and innovative tech landscape. Encouraging risk-taking among founders will ultimately lead to greater advancements in the industry.
