What’s wrong with the South African start-up scene

in #entrepreneurship8 years ago

Well, what is right? I say everything is on the right track. So right that it comes out wrong whichever way you look at it. All the ingredients are there, we just need to cook the right dishes.

Firstly we need to get rid of the term start-up. Saying you're a start-up attracts all the wrong attention and perceptions. If your business is registered…it has started, period! So what happens then? The start-up mindset and mentality screws wannabe entrepreneurs who don't know how to navigate the ecosystem. How many wannabe-entrepreneurs even know the true meaning of start-up? The longer you look at your business as a start-up the longer it will take you to grow it.

Secondly, all these service providers AKA accelerators and incubators (A&Is) aren't doing enough for wanna-be entrepreneurs. There's no cohesion among them. You can go to 5 different incubators at the same time and I bet you none of them would know whether you're on any of the programs or whether you've been through a similar program without you telling them. These incubators and accelerators probably make more money from these programs than all the desperate wanna-be (start-up) entrepreneurs combined. Yes some programs are really awesome and useful but not all of them. The winners in some cases are the entrepreneurs, in others the A&Is but in most cases the corporates who sponsor and write off donations to these programs as CSI or ED spending win and benefit greatly from a tax perspective.

Should A&Is be regulated? If yes, by whom? If no, why?

Thirdly, funding….the lack, abundance and misconceptions thereof. So we all know everyone complains more about funding than anything else in the Entrepreneurial ecosystem…locally and internationally. Lets break it down.

• Is funding available

Yes

• For everyone

Yes

• Does everyone need funding to start or build a business

No

• Do those who (really) require funding do enough to find it

No (me included)

In my view the funding issue is being misconstrued by everyone in the ecosystem. The real issues I personally faced though can be summarized as follows:

  1. Funders want traction or paying customers

    a. Paying customers want to see working (finished-not prototype) products that in some cases MUST be regulatory approved, i.e. SABS
    
              i. SABS requires production -ready products to do testing and certification
    
                       - In order to give SABS working products it will require tooling to produce a finished product that is 100%consumer ready.
    

So who's failing who (to the tune of the Gap Band's Who's fooling Who). This is not money that we can get from the FFFs (friends, family and fools) unless you were born into privilege.

So are there programs that will fund? Indeed there is. Does it work…h2da NO!

The channeling of funds from the providers to the seekers need a more definitive and accountable structure.

So what's the solution? I certainly have some solutions in mind…so this is a call out to those in the ecosystem that want to make a difference by doing. Let's collaborate!

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Operation - @berniesanders - Negative Rep. Account

Dear Users,
I came back live because the post listed below is immoral. I will make something clear to all. I am not a bot, I use no auto codes, I do all manually, and I'm very good at everything I do, and put my hands on. You all sit around entertaining and supporting this evil person @berniesanders . You see how he does accounts in negative and treats them less than human. You see the way he bashes and abuses this blockchain and others. Those who support this immoral user who is a legend in his own mind and has won nothing, are now subject to the same tactics used before, with some new added since we want to go to another level of treating people unequal. I will come and fuck up every post painting it with truth and turning viewers and potential payers away, including new users. After all, I too am an artist. I see good people being misled, and clueless following as well. Post like this only aggravate situations, they never help. It's never good to go talking like that about others. So if you're as evil as he is, I'm coming for you. Now I made a promise to a friend to lay these accounts down for the benefit of a lot of things, and a lot of people. So, I now will show the world who is responsible for my quick return. @berniesanders is an immoral, evil, simple minded, heartless with his ways, human being. You want to fix a real life or blockchain problem, Take his ass out, and let the blockchain flourish. Take out the real trash. My flags and spam messages trying to have an equal voice never made me less than any of you. And we all well know, we see my messages as I go 1 by 1. So my friends, since this tyrannical person wants to continue to abuse others, I will remain on the server with all accounts live until @berniesanders is in the -negative reputation. I want him to know what it is like to be attacked into silence. We will see how he spams then to be heard. That is now the only cure for this virus created by abuse on humanity. Have a good day, keep smart ~ This Is A Call To Take Out The Real Trash ~ @berniesanders
Source:
https://steemit.com/spam/@berniesanders/why-i-m-flagging-iloveupvotes-time-to-bot-flag
To those that disagree, flag away at me. It does not matter. Even at -100 I will have a voice.
These accounts used to fight are expendable and disposable. Only Fix Listed Above.
Sincerely, @iLoveUpvotes ~


Webwide (a.k.a.) EatinCrayons ~

These Messages & Flags Will Cease In Entirety When @berniesanders Account Is In The -Negative Reputation. Let Him Now Reap What He Has Sowed.

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