1Mby1M Virtual Accelerator Investor Forum: With Hernan Kazah of Kaszek Ventures (Part 3)

Sramana Mitra: Are there companies that have crossed $100 million in revenue? Hernan Kazah: Certainly. We have a few in our portfolio. I was mentioning Netshoes. That’s over a billion dollars in revenue. There are a few companies that have gone over $100 million. Many have gone over $20 million. Sramana Mitra: What do you

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1Mby1M Virtual Accelerator Investor Forum: With Hernan Kazah of Kaszek Ventures (Part 2)

Sramana Mitra: When you look at the last decade or so, besides MercadoLibre, what are other notable success stories from the Latin American market as far as startups are concerned. Hernan Kazah: There’s one company called Globant. Sramana Mitra: We covered Globant quite extensively actually. Hernan Kazah: There are two companies in Brazil. One is

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1Mby1M Virtual Accelerator Investor Forum: With Hernan Kazah of Kaszek Ventures (Part 1)

Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Hernan Kazah of Kaszek Ventures was recorded in November 2016.  Hernan Kazah, Co-founder and Managing Partner at Kaszek Ventures, is one of the earliest VC firms to start investing in the Latin American market.

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eBay of Latin America: Mercado Libre CEO Marcos Galperin (Part 8)

SM: How does the entrepreneur network in Latin America work? Are there many entrepreneurs in Latin America now? MG: Yes, there is a foundation called Endeavor Foundation. They select entrepreneurs in their region and then supports them. This foundation was founded by Linda Rosenburg and Peter Kelner, two Harvard graduates. They got the big private

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eBay of Latin America: Mercado Libre CEO Marcos Galperin (Part 7)

SM: Does PayPal operate in South America? MG: You can withdraw money but you cannot fund a PayPal account. They do not have a Spanish speaking site either. SM: What is your dynamic with eBay today? Competitive or collaborative?

eBay of Latin America: Mercado Libre CEO Marcos Galperin (Part 6)

SM: So you grew well through 2006, and in 2007 you went public. How was the IPO received in the investor community? MG: Very well. The stock went up quite a bit. We were quite unlucky in that we did our road show in the middle of the sub prime crisis. The day we priced,

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eBay of Latin America: Mercado Libre CEO Marcos Galperin (Part 5)

SM: What was Internet adoption like in 2003? MG: I do not remember year by year. I think the evolution was somewhere around 10% per year. SM: What type of revenues were you seeing in 2003? MG: I believe we had $4M in 2003. I would have to check that number, but 2006 was $52M,

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eBay of Latin America: Mercado Libre CEO Marcos Galperin (Part 4)

SM: What was your platform in those early days – an auction platform or a fixed price platform? MG: It was completely an auction platform, and today it is 90% a fixed priced platform. Another thing we did different is that we did not like the Buy It Now feature on eBay. We used it

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