Startups that were massively funded that died in 2017

Re:Startups that were massively funded that died in 2017 by otterley on Monday July 10, 2017 @01:28AM (#14733592)

Which African countries have both great untapped talent and aren't hopelessly mired in corruption or violence and have a strong western-style legal framework? Those will be the ones that VCs feel safest investing in.

Until they are identified, I don't think VCs will put their money at risk. (They may already exist; I'm pleading ignorance here.)

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Re:Startups that were massively funded that died in 2017 by Grue3 on Monday July 10, 2017 @05:25AM (#14734460)

>I don't think VCs will put their money at risk.

They're already putting money at risk by investing in startups that are obvious flops. Or even startups that do stuff that won't fly even with western-style legal framework (Theranos).

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Re:Startups that were massively funded that died in 2017 by otterley on Monday July 10, 2017 @11:09AM (#14736587)

Of course, but in the West, the flops are due to business failures. I'm referring to systemic risk, where you lose your money due to corruption and graft, often before it even gets into the hands of the venture.

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Re:Startups that were massively funded that died in 2017 by owebmaster on Monday July 10, 2017 @08:20PM (#14740708)

The VCs behind Theranos lost their money due to corruption.

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Re:Startups that were massively funded that died in 2017 by gspetr on Thursday July 13, 2017 @12:08PM (#14762485)

You are correct saying that Africa has it's share of problems, but I don't think they are insurmountable.

You might want to take a look at this project: https://www.kountable.com/

I'm quite proud that I once was a part of the team working on it.

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