One point I'd like to make about the @terraindustries round: it goes against the zeitgeist in the African VC ecosystem. > It does not check the DFI impact box > It's involves procurement and manufacturing > It faces traditional industry contract cycles > It got a big hardware component > It has two young founders These aspects meant it was out of mandate and comfort zone for almost all of Africa's VC firms - too risky, too weird, too non-consensus. But our biggest issue today is we don't search for enough asymmetric upside in African venture anymore. I don't mean all these discussions of riding pre-seed to series A for a 10x secondary. I mean old-school, fund-making, assumption-breaking, high-loss rate, asymmetric upside that renders those above challenges worth facing. And in a tech epoch that's about to put incredible pressure on Africa's age-old marketing pitch around population and purpose, we will fail if we don't take a hard look at how much the world has changed outside of our impact bubble. More often than not, new opportunities will be operationally complex, atoms-based, impossible-looking ventures made possible by this technological and geopolitical step-change. It's my belief thst Terra should have had much more early support locally. As grateful as I am for this group of Tier 1 co-investors, institutional conviction in Africa's next-gen opportunities should not have to be spearheaded by Silicon Valley's biggest firms. African venture must stand on its own global competitiveness. It must align with the disruption coming from synthetic intelligence. It must unearth high-ceiling rather than (just) high-floor deals. We must, or we become irrelevant. More on this soon.