Failing to win: hard-earned lessons from a purpose-driven African startup

"In 2009, Canadian entrepreneur Mike Quinn packed his backpack and moved to Lusaka, Zambia on a mission to find African entrepreneurs building scalable, high-impact businesses. There he stumbled across two South African brothers who had founded a business to help unbanked smallholder farmers re...

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Bibliographische Detailangaben
1. Verfasser: Quinn, Mike (VerfasserIn)
Format: Buch
Sprache:English
Veröffentlicht: Kenilworth, South Africa Mercury, an imprint of Burnet Media 2021
Schlagworte:
Zusammenfassung:"In 2009, Canadian entrepreneur Mike Quinn packed his backpack and moved to Lusaka, Zambia on a mission to find African entrepreneurs building scalable, high-impact businesses. There he stumbled across two South African brothers who had founded a business to help unbanked smallholder farmers receive mobile payments in a market where cash was king. After convincing his retired parents to mortgage their house and lend him $100,000, Mike joined as a co-founder of Zoona and became CEO for nine of the next ten years. With his partners, Mike built a network of more than 3,000 entrepreneur agents across Zambia and Malawi that enabled millions of unbanked consumers to send and receive $2.5-billion in money transfers and remittances. Headquartered in Cape Town, Zoona raised over $35-million of venture investment and operated on the leading edge of Africa's emerging fintech ecosystem. Mike's remarkable story gives a rare and honest glimpse into the workings of a pioneering African startup through the lens of a purpose-driven entrepreneur who went "all in". Zoona faced tremendous adversity along the way: currency crises, investment round collapses, ruthless pushback from the major mobile network operators, and a continuous internal struggle to discover and execute a growth strategy that matched the company's billion-dollar ambition. It was by failing to win that Mike learned what entrepreneurship - specifically entrepreneurship in Africa - is all about, and it was what motivated him to double down and try again.
Beschreibung:Originally published in paperback in South Africa in 2021
Beschreibung:285 Seiten Illustrationen 23 cm
ISBN:9781990956317
9798480379570

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