Entitled “Passion and Perseverance: Voices from the African Founder Journey”, the research includes responses from more than 160 startup founders across 13 African countries, diving deeply into the stresses and challenges they navigate on their startup journeys and how they cultivate resilience. The survey revealed that 86 per cent of founders report an impact on their wellbeing, with 60 per cent reporting anxiety, 58 per cent high stress, 52 per cent exhaustion and burnout, and 20 per cent depression. Most founders reported feeling lonely, stressed, and burned out, and too few are talking about it, highlighting the urgent need for greater support of founder wellbeing in the startup ecosystem. “Prioritising founder wellbeing not only has a positive impact on founders’ lives, but also on the long-term success of their business,” said Ameya Upadhyay, venture partner at Flourish Ventures. With this survey, Flourish also wanted to dig into the role of investors and understand how they make founders’ lives easier, or more difficult.

Source: The North Africa Journal November 14, 2024 08:29 UTC