Posts Tagged Malik Fal

Entrepreneurs Need More Than Just Capital

In a recent interview, Malik Fal, managing director of Endeavor South Africa, outlines some key challenges for South African entrepreneurs, as well as some suggested solutions (HT).

Most notable, I think, is his belief that access to capital is not the primary obstacle:



This week at Values & Capitalism, I build on his analysis, decrying our general human tendency to limit our economic problem-solving to the material factors.

An excerpt:

Fal argues that entrepreneurs in South Africa need things like more help from venture capital firms (e.g. IT and financial management support), and although I trust this is also true for American entrepreneurs…our broader society seems to be slipping in its grasp of the challenges and risks that are required for authentic flourishing.

This poses an issue for the real creators and producers, for when the rest of us lack patience and understanding in how value is actually created, we will tend to muddle the process by supporting the types of short-sighted, zero-risk pseudo-solutions our public is currently craving. Our society’s current inability to address its deficit crisis is Read the rest of this entry »

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