Does one company's fundraising success, even with a €21 billion valuation, really give us the upper bound on regulatory viability for an entire sector? The asymmetry of capital means what works for a giant like Mistral doesn't necessarily translate to full expression for every startup, especially here in Morocco where smaller players struggle with new compliance. We need to look beyond the big wins and understand the practicalities for a broader range of companies; a single data point, no matter how impressive, is not the optimal framework for analysis.