Crazy Wisdom
Stewart Alsop
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The Changing Face of Entrepreneurship in Latin America: A Conversation with Ivan Montoya
Intro Guest: Ivan Montoya, a LatAm Super Angel & VC. Follow him out on LinkedIN Focus areas: #fintech, #proptech, #logistics, #latinamerica, and #latamstartups. Notes Insights into the Startup Ecosystem In Latin America, traditional methods still have a place, and macro-level influences are impactful, but the atomic level of capitalism is most vital. Technology startups have to consider various factors like interest rates, product pricing, investor risk, and tax incentives. Relationship Between Investments and Startups The investment environment is dependent on both investors and founders, and the company's stage. A clear separation should exist between investors and the business, with distinctions between super passive investors and active investors. Investor Ownership and Investment Trends The investors' role in company ownership is crucial. There's a shift towards similarity in investing in private companies in Latin America. In 5 years, generalizations about Silicon Valley may change. Ecosystem and Capital Raising in LatAm Confidence levels in raising capital differ. 2nd and 3rd time investors are less rare in Silicon Valley, and the difference between LatAm and others is startup types and deep tech focus. Ambition Level and Global Opportunities Ambition levels differ across regions, but a focus exists on LatAm for global opportunities. Networking and the Role of Intros Startups have evolved from a clubby environment to a more open one, where introductions are not limited to referrals. Different backgrounds create diversity, leading to great companies, as in Silicon Valley. Investment Opportunities and Strategies The role of FOMO (Fear of Missing Out) and how it influences investment decisions. A focus on long-term prospects over quick gains. Brazilian Startups Overview of Brazilian startup landscape, which is ahead of other Latin American countries. Banks were traditionally oligopolistic; now, Central Bank drives innovation. Industry sectors include cyber security, hospitality, logistics, and social media. Latin America Trends Trends include consumer and B2B focus, and a comparison to U.S. debt/credit. Innovations in access to credit, with examples of companies like Onecarnow. Macro and Micro-Level Innovations Inertia of organizations in the U.S. compared to Latin America. Innovation in home lending and credit systems, including AI and technology in collection processes. Economy, Physics, and Psychology Economy as a mix of physics (e.g., positive cash flows, unit economics) and psychology (e.g., willingness to endure losses). Historical examples and reminiscing about market scenarios.
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