The coronavirus pandemic brings more than a healthcare crisis to Africa, it brings disruptions to the food supply chain that will likely cause widespread hunger and starvation. The food system is already far from ideal, with (at least) 40% of that food never being eaten due to post-harvest losses (Rockefeller Foundation studies). Adding to these issues are the friction of closed borders...
With a coronavirus pandemic hotspot in Seattle and global travel on hold for a whole, we’ve started Fledge16 and its matching Angel Accelerator online. 9 companies based in 6 countries: From left to right on the map above: Bricolage Recycling glass into sand. South Carolina, USA. Tilaa Honey and cashews. Talame in Northern Ghana. Agromyx Powered fruit and grains. Accra, Ghana. Build...
An unprecedented 842 applications arrived to Fledge at the start of 2020. We unfortunately can’t provide our investment and training to everyone who applies, but we can at least provide some insights that we see from our view reviewing all these startup applications. Trend 1: Traction When Fledge began in 2012, applicants for accelerators were nearly all idea-stage companies. Maybe a rough...
What do David Bowie, Jazz, and an unplayable piano have to do with the power of business accelerators? All get you out of your comfort zone, and that seems to be a secret to success. This episode of Tim Harford’s Cautionary Tales explains how. Listen to the episode first. Our analysis is that one of the powers of an in-residency, in-person business accelerator is that it gets entrepreneurs...
As the 2020s begin, so do both the puns and the retrospection. Combining the two, let’s look back at the first seven years of fledglings, and learn from those 95 companies to find patterns that lead to success and which lead to failure. Failure There is a lot less to learn from success than failure, so let’s start with the bigger learnings. In no particular order: Timing really is the...
The 2020’s are about to start, and with that, this is a good moment to look back at what has been accomplished at Fledge in its first decade of existence, the 2010s. September 2019 – Nairobi, Kenya 14 African entrepreneurs, all focused on restorative agriculture met for an incredibly intense week of training. So useful that WRI is expanding this program beyond Africa in 2020...
We suffer from understanding startups. Perhaps “suffer” isn’t quite the right word, but if you understand anything about entrepreneurship, you know it comes with high highs and low lows, too often both in the same week, and even sometimes both on the same day. Or perhaps why this sentence resonates so well for Fledge is that we are not the type of program that provides just days...
Twelve years ago TechStars was born. Eight years ago, we discovered Bainbridge Graduate Institute. A few months later, we were introduced to the co-founder of what today is Impact Hub Seattle. Without the existence of these three organizations, Fledge never have been founded. The mashup in hindsight is obvious. TechStars taught us how to efficiently help startups. BGI taught us that it is...
From talking to dozens of fund manager and individual investors we’ve come to realize the power and benefits of running a business accelerator rather than a traditional venture capital fund. From 10,000 feet away, we do the same job. We invest in young companies, providing capital to grow. But from 10 feet away the approaches are vastly different. And those differences boil down to what we...
The Opportunity is Africa is a new podcast bringing you stories from African entrepreneurs and investors, highlighting the many business opportunities that exist across the continent. Syndicated by the Africa Business Radio podcast network, a graduate of Fledge, as are the first five interviewees. Also check out Luni’s posts on the Energy, Opportunities, and Hurdles for Africa. You’ll...