Founder of Nicsocks.com. Co-founder of Motribe & Resolve Mobile. African mobile specialist.
I don’t read TechCrunch (TC).
I used to read TC when I believed that raising funding was an important milestone for success. Having raised money and spent it I’ve learned that glorifying money raising is a massive mistake and TC is the biggest culprit.
It’s a much more complicated and in depth process in Africa and South Africa to raise funding. It’s not a simple one anywhere else, don’t get me wrong, it’s just that in such a young and risk averse tech space like Cape Town there are even more difficulties and complications on top of the regular effort a founder goes through to raise funding.
In truth I needed to use all of my emotional intelligence (EI) just to run my own business and focus on my own issues and stability; worrying about what other companies were raising, selling, achieving, failing and succeeding was killing my capacity to focus. I started to become overly interested in how others operated and other benchmarks and achievements.
What I should always have been concerned with was my own context and what my company needed. It’s good to have context but becoming obsessed and consumed with what TC and other startup blogs and websites report on is problematic.
The truth behind 99% of the startup exits, buyouts, shutdowns and successes is often not what you read, remember that and forget to read TC.