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Tech start-up space not for the faint hearted

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Founder of RecoMed Sheraan Amod. (Pic: Supplied)
Founder of RecoMed Sheraan Amod. (Pic: Supplied)

Cape Town - The technology start-up space is a major drawcard for many of the world’s brightest and most ambitious young minds.

Lured by the prospect of developing the next Facebook, Google or Instagram, these techno-whizzkids constantly create and launch new apps, platforms and other tech-based product offerings, in the hope that one of them will fly, be sold for a billion dollars and they can retire to their island paradise and sip margaritas all day.

In truth, the harsh reality is that the odds of such runaway success in the tech space are probably about the same as a budding actress from Benoni making it as an A-list star in Hollywood. Oh wait … Charlize aside, for every moderately successful tech-based start-up, there are literally thousands of ideas, apps, products and services – many of which burnt through millions of dollars in investor funding – that never made any money.

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