The Accelerator Conundrum is a multipart series that challenges the prevailing wisdom of the tech startup ecosystem that entrepreneurs should Blitzscale out of the gate. Written by Sramana Mitra, the Founder and CEO of One Million by One Million (1Mby1M), the world’s first global virtual accelerator, it emphatically argues that a better strategy is to Bootstrap First, Raise Money Later, focus
This article is an overview of a series of articles summarizing Latin American Startup Accelerator Ecosystem – their incubation and acceleration infrastructure, compare 1Mby1M to what’s available and educate Latin American solo founders on how to work with Silicon Valley from day zero. In the summer of 2007, I got a call from Pedro Ant,
Sramana Mitra: Talk a little bit about what’s in the pipeline. What’s exciting in your portfolio? Rodrigo Baer: One is a mid-stage company that just raised a $50 million round. They take small merchants and put them under one umbrella to sell into a large marketplace. From the marketplace’s perspective, it’s one store. It’s normally
Sramana Mitra: In the course of your introduction, you talked about two or three unicorns that have come out of your previous fund. Could you double-click down and talk about what they are, what problems have they solved, how they found traction, and why have they been successful? Rodrigo Baer: The one I did in
Sramana Mitra: Let’s talk a bit more in detail about the Redpoint e.ventures platform. All investments are happening in Brazil, correct? Rodrigo Baer: We have a Latin American mandate. We’ve done one investment outside of Brazil in the first fund. We were very lucky. We did the seed investment in Rappi, which is now a
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Rodrigo Baer was recorded in September 2019. Rodrigo Baer, Partner at Redpoint Ventures, Brazil, provides a very interesting overview of his firm and what’s happening in the Brazilian ecosystem.
Sramana Mitra: How relevant do you think is Silicon Valley to the B2C side of the Mexican venture ecosystem? Not just Mexican – Latin America. If you’re doing B2C, how relevant is Silicon Valley for you? Hernan Fernandez: I think it’s growing in terms of relevance. I really wished Silicon Valley took a little bit
Sramana Mitra: How much of your portfolio has this follow-on funding? Jose Deustua: All of them have raised funds. Sramana Mitra: All of them have received funding from what source? What is the primary source?