Hisham Halbouny is a managing partner at P1 Ventures, a $50m Africa-focused fund who's often referred to as contrarian. Hisham was previously a partner at Man Capital, the family office of Egyptian Billionaire Mohamed Mansour where he invested in Uber, Airbnb, Spotify, Bolt, and more.Timestamps:00:00 - In this episode00:36 - Introduction01:13 - Investing in Uber/Airbnb/Spotify03:16 - Going all-in on Africa06:20 - Global VCs have pulled back, yet the timing is right07:43 - DFIs as the default LPs for African VC?08:54 - Tailoring the VC model for Africa?13:03 - P1's investment thesis16:33 - Personal evolution as an investorReferences:P1 Ventures - https://techcrunch.com/2023/09/26/pan-african-contrarian-investor-p1-ventures-reaches-25m-first-close-for-its-second-fund/Man Capital - https://www.man-capital.com/DFIs coming to the rescue - https://techcabal.com/2023/06/05/role-of-dfis-in-africa-ecosystem/Listen on all platforms:Youtube - https://www.youtube.com/@TheRallyCapPodcastSpotify - https://open.spotify.com/show/3vUDH5yEH6pvRkqM1TVaxSApple Podcasts - https://podcasts.apple.com/ca/podcast/the-rally-cap-podcast/id1731710244Where to find Hisham:Linkedin: https://www.linkedin.com/in/hisham-halbouny-7a5ba23/Where to find Kyane:Linkedin: https://www.linkedin.com/in/kyanekassiriX/Twitter: https://twitter.com/kyanekassiriLearn more about Rally Cap: https://techcrunch.com/2022/05/05/rali_cap-gets-backing-from-global-vcs-and-launches-30m-fintech-fund-for-emerging-markets/