In America, as everyone knows, entrepreneurs love talking about failure. “Fail fast, fail often” has become a mantra of Silicon Valley, where fortunes are made by people who only years prior had crashed a well-funded startup into the ground. Failure has become almost a badge of pride — an experience recast as a lesson learned, a skin thickened, an entrepreneur seasoned and more fully prepared to succeed.
In Africa’s emerging startup communities, however, failure still carries a heavy stigma. Failure doesn’t make you stronger; failure makes you a failure. And the consequences of an entrenched unwillingness to talk about it can be bad for local economies and catastrophic for small-business people. African entrepreneurs say they’ve seen peers go into hiding, abandon their communities and in some tragic cases, even commit suicide. They’ve also seen brilliant entrepreneurs cut their careers short, afraid of taking risks that might not work out.
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