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He has gone on several service trips with his children, including a trip to rural Uganda with The Walking School Bus, and one to rural India with ME to WE. I’m also quite proud to say that, although I have no relationship with the business today, it still exists and is one of the market leaders in the online dating space.
Chande, whose family was expelled from Uganda by notorious dictator Idi Amin, has been a member of the board of the prestigious Land Securities, and was the CEO of Trillium, which broke new ground in the management of sale and lease-back property. 40% of their portfolio is office properties, with 19% industrial buildings.
You’d be forgiven for thinking that because the African market is not saturated with startups that means it’s easy for entrepreneurs to create explosive growth with little forward planning. In Uganda and Zambia it’s as low as 15% saying it would stop them starting a business , whereas in the US this figure stands at 34%.
Like talking through our ideas with some mentors, for instance a founder of Build-A-Bear is heavily involved in the school that I went to, and she helped guide us, and we ended up just calling up random running stores and asked if this would this be a product that they would be interested in, is it fulfilling a market need?
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