Sramana Mitra: Give me some examples of the kind of medical companies that you have invested in. Alain le Loux: I’ve invested in two companies. They are doing great, but it takes a lot of time. For one of them, we are already eight years in. Sramana Mitra: What do they do?
Sramana Mitra: What differences are you seeing in the trends in Europe versus America? Alain le Loux: For follow-on rounds in the US, the money is easier than in Europe. In Europe, only less than 10% of Series A investments raise a B round. That’s a pity. It looks like there is more money available
Sramana Mitra: We actually work only with IT and IT-enabled companies. We don’t do energy. We don’t do biotech. We don’t do cleantech. Where we overlap is in the robotics area mostly. If you have stuff going on in healthcare IT or bioinformatics, that would be of interest to us. It sounds like robotics is
Sramana Mitra: What about other countries in Southern Europe? What else are you tracking and where do you see activities that are interesting? Luis Gutierrez Roy: We just made an investment in a company that was actually started in the US but eventually moved to Bulgaria. The founding team was in the US. When they
Sramana Mitra: In the history of venture capital, the traditional venture capital model has been that in your portfolio of ten companies, nine will fail and one is a homerun. That’s how you make your money. Therefore, you are trying to find ten companies that you can somehow believe can be unicorns. Of course, nine
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Luis Gutierrez Roy was recorded in July 2019. Luis Gutierrez Roy, Managing General Partner of Telegraph Hill Capital, discusses his firms’ investment thesis. The fund provides Spanish limited partners access to investment
Sramana Mitra: The next question I have for you is a slightly broader question. Are you looking for unicorns? Taylor Greene: I think the short answer is yes. I’m always looking for unicorns. Historically, when you look at the math of venture capital, you need a unicorn in a fund in order to be a
Sramana Mitra: What is the scale of the consumer internet population right now in Brazil? Daniel Ibri: We have passed the mark of more than a smartphone per person. That shows you that a huge number of the population is connected. We have very good broadband in most of the country. A lot of people