All posts in English

  • My speech at eNet Expo on the digital opportunities in Latin America

    TropicalGringo eNetExpoYesterday, I had a great time as a panelist for eNet Expo.  Also, it was such a pleasure to be on the stage with Dan Gertzacov, CEO Americas of Lenddo.  He’s a cool guy whose advice I value on many matters.  During the panel discussion, we spoke about the opportunities in Colombia and Latin America from an investment perspective as well as the obstacles.  We had a great moderator in Marcos Pueyrredon who is an accomplished entrepreneur and investor.

    Before our panel, I was able to hook up with a lot of my colleagues here in Latin America and also meet interesting entrepreneurs from so many different countries such as France, Spain, Chile and Argentina.  I really like to present my perspective and thesis on the industry in front of large groups of people, but it’s tough to beat meeting amazing entrepreneurs in person.

    For instance, I was able to quickly chat with Alberto Pardo, CEO of Ads Movil.  A few months ago, Alberto took the company that he founded, Millenial Media and joined forces with Ads Movil, which is backed by the Cisneros Group.  Since then, they’ve accelerated their growth in an incredibly exciting, but competitive market for mobile ads.  Alberto, who likes to be called “Banano”, knows how to get things done and it’s a real pleasure to talk when the opportunity lends itself.

    There were other companies at the event such as my friends from Medellin at ComprandoFacil who not only help merchants get online, but also sell merchandise through their own store.   Aside from being a great group of guys, the recently launched and are already experiencing amazing growth in both business lines.  Exciting stuff.  I also got to see Andres Murcia, CEO of Saberes Plus who went through the accelerator program I run and is building a comprehensive library of educational content that parents and schools can purchase online. The founders of Yoky were also there, which are going through the acceleration program I’m running right now and are offering fashion retailers access to two managed channels: 1. eCommerce and 2. a specialized direct, commision-based sales force.   Lastly, it was great to see Carolina Cruz from WomyAds, a graduate of the Incubator I run called Founder Institute and who is building a reputation and influencer platform across all of Latin America.  These are all companies to watch and it’s always great to talk with them.  I topped the day off with an appearance on my favorite show called Martes de Marcas with two incomparable hosts! :)

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  • An “accelerator” for Latin American angel investors

    Latam Incubated OneIf you attend any conference on Latin American startups or startup investing, you indubitably will here someone talk about the lack of local angel investing in early stage startups.  Such an utterance will usually get a lot of heads nodding in acceptance of this problem.  What’s not usual is to encounter new options created to solve this problem, but I’d say that is what SSX, an early stage company stock exchange, which is also part of the Dutch Caribbean Securities Exchange, has done with Latam Incubated One.  This new offering allows potential angels to invest the amount of money they wish (starting at $2) in a liquid vehicle (traded shares) that will provide much more learning than they’d get trying to choose one startup investment for themselves.

    On the learning front, angel investors wishing to get started in startup investing can make one investment in Latam Incubated One and distribute their exposure across several investments.  Latam Incubated One will invest (from $50k on up) alongside some of the top accelerators in Latin America which include Wayra, 500 Startups in Mexico, 21212 in Brazil and NXTP in Argentina.  The investments will be made in startups that graduate from one of these accelerators’ programs.  Additionally, investment decisions will be made by investment committees with regional advisors of which I am one.

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  • The impact of mission-driven organizations on emerging markets

    Adeo Ressi New York TimesToday, New York Times subscribers are reading the story on Adeo Ressi and the incubator he created: The Founder Institute.  In the article, when asked why he launches also in countries such as Colombia that are nontraditional entrepreneurial environments, he responds that he has created a mission-driven organization with the objective of helping the two percent of the population with “entrepreneurial genes” launch meaningful and enduring technology companies.

    As I’ve written before, it’s been quite a rewarding ride to have been able to work with Adeo and the Founder Institute for these past three years and to be able to count on his support while running the program here in Colombia.  At one of the Founder Institute Director meetings that Adeo ran in Silicon Valley, he asked all of us, among other things, about the value of FI in each country.  In my case, I said that I feel that the value of something like the Founder Institute could be even greater in an emerging market such as Colombia, because the size of the startup industry is so small and the know-how is extremely sparse.

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  • Hop on the Google Developer Bus Bogota

    Tropicalgringo Google Developer bus

    Some good friends of mine, David Cifuentes and Francisco Solsona, are involved with a great initiative which will be underway in a few days: Google Developer Bus Bogota. There are a number of reasons this would be a great event for top designers, developers, etc. to attend (no matter what city you’re in).  One of these is the ability to test out an idea you have for a great app that leverages the Google platform.  Another is to show what Colombian developers are capable of accomplishing in a short time.

    More importantly, Google will be giving the winners (up to four team members) a trip to Silicon Valley.  Since I lived in Silicon Valley (Cupertino and Santa Cruz) for five years, I know first hand what a vibrant startup atmosphere there is there.  Because of this, I am passionate about taking startup founders to meet with my contacts there (have done this on several occasions).  I feel this is important in order to instill a similar culture in any startup (wherever they are based) where execution and thinking big are the norm.

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