Flourish Ventures, an early-stage fintech venture capital firm, has launched “The African Founder Well-being Survey”.
Flourish said in a statement that it was surveying VC-backed founders in Egypt, Kenya, and Nigeria to uncover the unique challenges African tech founders face and raise awareness and support for their needs.
The firm said it collaborated with local ecosystem partners and research partner Startup Snapshot for the initiative.
The Investment Principal at Flourish, Efayomi Carr, said, “They’re going after the impossible. Almost all venture-backed African tech founders are dealing with high stress levels and the potential for burnout, especially given the dramatic economic downturns taking place,”
“It’s time to gather primary research on what’s impacting founders most so that investors and ecosystem partners can provide better support and more resources during entrepreneurial journeys.”
The venture capitalist said founder well-being is an overlooked topic for research in Africa and plays a crucial role in business and personal success.
The firm stated that it was pioneering the study in collaboration with research partner, Startup Snapshot, to elevate the narrative around founder well-being and performance.
“Input from tech entrepreneurs in Egypt, Kenya and Nigeria will bring Africa into global discussions on well-being, pave the way for better local support systems and provide a template for a more holistic approach to nurturing the African tech ecosystem,” it added.
The firm added that VC-backed founders in Egypt, Kenya and Nigeria could participate by completing the brief survey.
“All survey respondents will remain anonymous. Sharing experiences can shed light on the critical challenges founders face and pave the way for positive change,” it stated.
The African Founder Well-being Survey is a follow-up to a Flourish 2023 founder survey conducted in Brazil with Endeavour, a global network of entrepreneurs.
