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Lessons from My First Venture Investment Mistake

  • Agricultural technology financing in Africa is overshadowed by sectors like Fintech and SaaS.
  • A first-time founder in the agricultural space resorted to bootstrapping from friends and family due to market uncertainties.
  • After receiving an initial investment, the founder made missteps like renting office space without a clear purpose, leading to wasted money.
  • Following a failed pivot to direct farming due to lack of oversight, the investment was lost, but the experience provided valuable lessons in capital discipline and team dynamics.

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