Over the last couple of years, we have seen a steady increase in the number of ventures claiming to be businesses based on the web (e businesses). Everytime I attend yet another local techies conference (as an impostor since I’m not a techie), I have high hopes that someone will present a revolutionary, well executed business concept.
I’m not faulting all web based concepts, we all know Ushahidi as one of the best executed ideas in this planet and for a good cause. However, there are two things our local ventures lack and for as long as these aren’t present, we will continue to cry that no one funds technology businesses in Kenya till the kingdom come. Because believe me, even if we presented some of our business ideas to the Silicon Valley venture capitalists pre tech burst in the US, they wouldn’t touch them. [click to continue…]
{ 8 comments }