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.