Pakistan

“But yeah, so right now, a lot of those markets are too heated, and we're going to slow down a little bit.”

“But as of January of this year, our average order value was about nine dollars and 20 cents.”

“For us specifically, Harry, we're looking at free cash flow across all markets across the country. In our first market in, in Pakistan sometime between Q four and Q one within the next six or nine months.”

“I think the markets that are in the most trouble are Africa and Pakistan.”

“My biggest fuck up in this fund cycle was a company called Airlift in Pakistan. I thought I knew better. I analyzed the market to the end of the world, the opposite of FTX. I did more diligence than anyone could have done, and actually, I'd never been to Pakis…”

“At that time, in 2011, there was only one company outside of the National Gas Company and the National Oil Company that was worth more than a billion dollars.”

“A lot of people, talented people, when they graduate from college, they aspire to join multinationals or leave the country and join companies outside. They don't necessarily aspire to become entrepreneurs.”

“My biggest mistake on entry was Thinking emerging markets was a good idea and investing in Pakistan.”

“I invested in the zap for Pakistan, and the combination of regulatory changes and weather patterns meant that it went bust very, very quickly. We've burned twenty-five million dollars of my money in nine months.”