learnings from Sam Altman and Time Tickets, African digital ticketing and reservation startup.
Day 2 of Buni Entrepreneurship Bootcamp is about Teams & Execution. How to develop successful teams for African Startups. The day starts by watching the talk given by Sam Altman during the Stanford University entrepreneurship session.
Our discussion focuses more on African perspective, our culture values and social influences, can your friend be your co-founder? if yes, what kind of measures co-founders need to put into consideration before choosing their partners. How to hire or recruit great people for your startups? Do the local universities provide enough skills for local startups to hire from them? Where to get the right people for our startups? When is the right time to drop someone who is not productive in the team? How do you measure productivity?
The second session of the day is facilitated by TiME tickets a Tanzania Startup with their mobile application for ticketing and reservation. Their team has been together throughout the journey up to their recent success. The learnings from their team include; the challenges of team formation, building shared vision for startups, maintaining team discipline and how to nurture commitment among co-founders.
Execution is also an important part of the discussion, African startups are working with minimum resources possible and with unsupportive entrepreneurial ecosystem. What is like to be an African startup CEO? What are the most important qualities you should possess? What are things to consider as a CEO when you are building a new product in Africa? Product based startups VS service based startup, which is a practical option to start with for African startups? Management of funds and resources, maintaining startup momentum and essentialism, what does this mean to African startup CEO? You can download Time Tickets app from here.
Day 2 Resources: