[Geekette]

As some comments imply it was strength of or "approach to diversity" in the market that caused the failure, it should be noted the post outlined: What caused Afrostream to close is not lack of traction or market demand but lack of capital. The more subscribers gained, the more content thus, more funding required. The VOD industry has high operating costs (content acquisition, marketing, localization, tech, etc) and a longer breakeven timeline (note cited examples of other much bigger but not yet profitable companies including Netflix). Afrostream addressed a sizable but ignored niche with demand demonstrated in user growth and it is unfortunate that they couldn't get more funding.