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What is Valley of Death

Chapter 8
Africa's Platforms and the Evolving Sharing Economy
The gap between the idea conception stage and the product execution stage in an entrepreneurial venture.
Published in Chapter:
Social Skepticism and Its Effect on Shared Economy
Oluwaseun David David Adepoju (African Leadership University, Rwanda), Demilade Oluwasina (African Leadership University, Rwanda), and Nji Mbitaownu Mughe Awah (African Leadership University, Rwanda)
Copyright: © 2021 |Pages: 19
DOI: 10.4018/978-1-7998-3234-8.ch008
Abstract
The new disruptive models of businesses are now making strangers meet strangers for economic and service benefits. This new shared economy system begs for a very pertinent question. Has human trust increased to that point where we can completely trust strangers? This chapter answered the above question within the African context while considering some case studies of failed start-ups that launched on shared economy models. This chapter also made some comparative analysis of some homegrown platforms that did not survive the valley of death in the Nigerian Innovation Ecosystem and successful similar foreign models imported into Africa. A definite opinion analysis through social scepticism lens was used in writing on gomyway.com, a Nigerian car-pooling start-up that failed after two years of operation. The chapter ended by making a strong case for models that dwarfs social scepticism to ensure the survival of the valley of death for platform entrepreneurship in Africa.
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More Results
Chapter 5
Symbiosis of Innovation-Oriented Leadership and Start-Ups: Focused on India
“Valley of Death” refers to a crucial stage in a startup's journey when it faces significant obstacles, usually about obtaining the capital required for survival and development. This period often occurs between the early-stage seed investment that businesses obtain from founders, angel investors, or friends and family and the next financing rounds involving venture capitalists or institutional investors. The Valley of Death is a dangerous time characterised by several unique difficulties. Startups are known for being high-risk businesses that frequently operate with little to no income and have under-developed goods or services.
Published in Chapter: Symbiosis of Innovation-Oriented Leadership and Start-Ups: Focused on India; From: Innovation and Resource Management Strategies for Startups Development
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Chapter 2
Research Integrity Dissemination System: “Science RIDS of Misconduct”
An insurmountable obstacle on the way, caused by the difference in the mentality of the participants in the dialogue (the teacher-the younger generation, the university-industry) and the lack of a common goal and motivation for mutually beneficial cooperation.
Published in Chapter: Research Integrity Dissemination System: “Science RIDS of Misconduct”; From: Ethics in Research Practice and Innovation
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