[kictanet] Why It’s So Hard for Software Developers To Get Loans

[Ali Hussein]

Agreed Liko. 

Good article which makes solid (but boring?) suggestions on what Techpreneurs should do to ensure success. 

This is a wake up call in the next phase of making all this pent up innovation and hard work pay off. 

Soft Skills are as important as the hardcore skills of making apps and other ICT services and products actually work. Even Facebook is now being judged by the adult matrix of   monetization. Looking at their latest investor presentation I found it fascinating that they are now keeping a close eye on a key financial matrix first made famous by mobile service providers - ARPU (Average Revenue Per User).


Ali Hussein

+254 773/713 601113

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On Jul 29, 2012, at 9:36 AM, Agosta Liko <agostal at gmail.com> wrote:

> Good Piece ... http://the-star.co.ke/business/andrea-bohnstedt/87104-why-its-so-hard-for-software-developers-to-get-loans
> 
> If headlines, white noise on social media and venture capital competitions are anything to go by, Nairobi’s belly should have burst open by now, Alien-style, and spawned lots and lots of baby ICT enterprises. That hasn’t happened yet. And I am not that surprised.
> 
> Business Daily picked up this issue in an article on ‘Breaking into Mobile Apps an Uphill Task for Young Developers’ this week: ‘Hardly a day passes without a news report that a new mobile application has been developed in Kenya. However, behind this success is the untold story of the challenges that developers face as they seek to break into the market and access funding to develop and market their inventions.’ .....
> 
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