Business
More Than $500 Million Raised, Then Collapse: The Kenyan Startups That Ran Out of Road
Despite startups having access to large funding pools and myriads of investors, cracks are not inevitable. As astonishing as it may be, an enterprise's success is not necessarily determined by the financial muscles it possesses. Sometimes even the mightiest of giants can be brought to their knees.
Why it matters: The failures show that large amounts of funding do not guarantee a successful business. While venture capital can help startups grow quickly, companies ultimately need sustainable…
