Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Jose Deustua was recorded in May 2019.
Jose Deustua, Managing Director at UTEC Ventures, talks about Peru’s entrepreneurial ecosystem.
Sramana Mitra: Let’s get to know you. Let’s get you introduced to our audience. Tell us about yourself as well as UTEC Ventures.
>>>Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Hernan Fernandez was recorded in May 2019.
Hernan Fernandez is Managing Partner at Angel Ventures Mexico, a firm that invests in Mexico, Chile, Peru, and Colombia. This is an excellent discussion on trends in Latin America.
Sramana Mitra: Let’s get to know you and let’s get to know Angel Ventures Mexico. Tell us about the fund. Tell us about your activities. Where do you invest? What size fund do you run?
>>>Alain le Loux is General Partner at Cottonwood Technology Fund. The firm invests in hardcore technology startups in Northern Europe and the South West of United States.
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Luis Gutierrez Roy, Managing General Partner of Telegraph Hill Capital, discusses his firms’ investment thesis. The fund provides Spanish Limited Partners access to investment opportunities in the US and Europe.
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Sramana Mitra: My last trend question is B2B versus B2C. It sounds like it’s largely a B2C entrepreneur pool.
Eghosa Omoigui: Actually, it’s the other way around. That has some correlation with the difficulty of access to capital. What you find is that more entrepreneurs are entering businesses where their path to revenue is much shorter.
No one is going to give you three years of financing to go out and build a customer base and not monetize. We’ve done a few consumer plays, but many investors favor B2B.
>>>In case you missed it, you can listen to the recording of this roundtable here:
Eghosa Omoigui: Education is a very significant issue. These markets are growing very quickly. Nigeria is adding 26,000 babies every day. Education and how you create a pathway to households is a key part of this.
We invested in a company called Kukua, which is based out of Nairobi. What they built is a platform for early age education on STEM. There’s a heroine and she loves STEM.
>>>Eghosa Omoigui: We have four investment thesis that we’ve talked about internally, but this is the first time we’re sharing them outside. One of them is that there is a recognition that in many submarkets in Africa, almost all economic activities are offline. It continues to be offline.
There was a very large opportunity, in our view, where you can build a defensible moat where you could organize the offline activities and bring that online. One example of that, where we invested in at the seed stage, is a company called Printivo.
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