Artificial Intelligence Is Here

AI is here and it’s being implemented faster than most people think. I’m not talking about human level AI, AGI, but super early stage AI that’s already helping make things more efficient. Although it’s early, AI implementation is moving faster and will affect new industries faster than most people suspect.

These AI improvements are made possible by companies like Facebook, Google and Microsoft opening sourcing their APIs in the past few months. Companies like Amazon and IBM will likely follow suit and launch AI APIs. It’s now possible for anyone who knows how to code to implement AI into their apps. This wasn’t possible 6 months ago. Now it is. And it’s open or cheap. Continue reading…

Mexico Venture Capital Overview

This post is the fourth in a series about Latin American venture capital ecosystems. Read the post on the Chilean Venture CapitalPeru Venture Capital, Colombia Venture CapitalHighlighting Latin American Startups. Hopefully it’s helpful. Let me know what I missed and got wrong!

Mexico is the most interesting startup ecosystem in Latin America. It’s interesting because:

  • Population (125m, Mexico City has more people than Chile)
  • Biggest Latin American economy leads to startups servicing local market
  • Proximity to the US leads to more global vision from entrepreneurs
  • US companies with their tech back offices in Mexico
  • US funds with presence in Mexico

There are three important cities for tech in Mexico, although there is activity in many other cities, too.

Continue reading…

Colombia Venture Capital Overview

This post is the third in a series about Latin American venture capital ecosystems. Read the post on the Chilean Venture Capital, Peru Venture CapitalHighlighting Latin American Startups. Hopefully it’s helpful. Thanks to Monica Avila from Magma and Andres Barreto from Social Atom for reviewing drafts of this post and improving it.

Private Investors

Social Atom Ventures – A $30m investment fund with offices in Medellin and Bogota. They invest into early stage companies that have their technology team in Latin America, but whose target market is the US. We’ve done two co-investments with them.

Torrenegra Labs – Accelerator and early stage investor based in Bogota. 20 investments. 5 exits.

Magma Partners – Monica Avila is our lead in Colombia. We plan to invest in 1-2 companies per year. Additional presence in Chile, Mexico, USA.

Axon – Late stage capital. Six investments.

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The Half Life of Jobs

Half life

1. Physics. the time required for one half the atoms of a given amount of a radioactive substance to disintegrate.

2. Also called biological half-life. Pharmacology. the time required for the activity of a substance taken into the body to lose one half its initial effectiveness.

3. Informal. a brief period during which something flourishes before dying out.

According to John Seely Brown and Douglas Thomas: 

“The half-life of a learned skill is 5-years” – this means that much of what you learned 10 years ago is obsolete and half of what you learned 5 years ago is irrelevant.

Continue reading…