Wednesday, February 22, 2017

Financial tide slowly turning for resilient digital start-ups


Digital revolutions are happening and we will soon see major liquidity events from relatable circles. PHOTO | FOTOSEARCH
Digital revolutions are happening and we will soon see major liquidity events from relatable circles. PHOTO | FOTOSEARCH 
It is hard work being an eternal optimist. Couple that with trying to run legitimate enterprise in a day and age where the pulse from the youth has them predisposed to shortcuts in the pursuit of wealth and
the lack of visible role models and mentors who can stand the fire and pressure of a deep audit into their journey.
I believe production; think agriculture, value addition by way of manufacturing; think additive processes, and creation; think of the arts and software, hold the key to driving a more wholesome growth and balanced distribution of national wealth.
I am disenfranchised by the plans and interventions, some crafted by industry peers, presented at the highest possible offices, that sound great on paper and make headlines when endorsed, but suffer the proverbial political plague and die quiet ineffective deaths in thick monitoring and evaluation reports, starved of the promise and goodwill so richly available at their birth.
Sometimes it looks bleak, sometimes it is and many ship out or close shop, gone to early; entrepreneurs permanently scared and injured from their time in the trenches.
We have gatekeepers that pillage and profit from the chaos in key industries whose transformation would catalyse change, growth and development in ways we are yet to experience.
But who says success and transformation comes easy? Still I believe. Second wind from those gone before and also some who have come after who are both visionary and resilient, slowly but surely building deeply impactful businesses that are by default doing good while doing well.
Growing organically or having closed on outside capital, hope remains alive that change is happening riding the tails of increasingly pervasive technology and connectivity.
A-list teams are consolidating around our most pressing challenges in agriculture, finance, education, logistics, commerce, media, governance and others.
Utilising technology in both innovative and inventive ways with supporting business models and user experiences that are endearing to consumers, some in the millions with a stickiness that points to a turning tide.
All are standing on their own, outside the crutch of the proverbial enabling environment, and expected support.
Digital revolutions are happening and I am positive that we will soon see major liquidity events from relatable circles that will rekindle the aspirations of many across various sectors enabled by tech, validated by consumers and believed in by investors.

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