Daniel Cossío decided he wanted to be involved in technology when he realized that businesses could produce a greater social impact than just an economic return. Today, he is Regional Manager for Latin America at Village Capital, a venture capital firm that supports impact-driven, seed-stage startups that focus on financial services, sustainability, and the future of work and education.
For ten years, Village Capital has supported over 1100 entrepreneurs from around the world, investing in more than 110 startups including Fintual, Vexi, and Siembro in Latin America. Daniel explains that Village Capital believes in supporting entrepreneurs that are often overlooked, helping them bring their big ideas from vision to scale.
In this episode, I sit down with Daniel to discuss how he got on the investor side of the table and became the lead in LatAm and how entrepreneurs can get involved with Village Capital. We also talk about a recent report released by Village Capital called Beyond Borders on how to successfully scale a startup in Latin America, among other industry trends in the region.
Originally from New Delhi and Kathmandu, Ishan Sinha grew up on the move. Because of his Father’s job, he lived in six countries on three different continents until finally settling in Connecticut. Today, as Vice President of Point72 Ventures, he still normally spends lots of time on planes, but that’s been on hold in light of COVID-19. Under normal circumstances, he travels several times throughout the year to explore markets in the Middle East, Northern Africa, Southeast Asia, and Latin America.
Point72 Ventures is the independent, early-stage investment arm of Steven Cohen’s $16B hedge fund Point72 Asset Management. The fund –always seeking to be at the forefront of new technology– naturally contacted a lot of startups, which eventually turned into investable businesses. Their first investment in Latin America was in Pierpaolo Barbieri’s fintech Ualá. Ishan, with his international background, jumped at the opportunity to work on the fund’s new global endeavors.
In this episode, I sit down with Ishan to talk about his nomadic upbringing, Point72’s core thesis and decision to explore outside of the US, and his insights on the differences between traditional investing and venture capital. We also discuss how Latin America compares to Southeast Asia, and Ishan gives advice on how to approach the Latin American market.
Over the years, we’ve had the chance to interview some of the best venture capital investors in Latin America on the Crossing Borders podcast. With that in mind, we decided to launch an Investor Remix Series, where we go back to previous episodes to highlight the stories of some of the region’s most interesting and successful investors. For the first episode in the series, we feature six investors giving advice to founders from Latin America.
At Magma Partners, we work with people who share our values, whether they’re the founders we invest in or the mentors and investors we bring on to our team. We hope to create lifelong relationships with the people we support.
For this episode, we’re featuring eleven Magma entrepreneurs –some are members of our portfolio, and others are from our team– who have appeared on previous episodes of the Crossing Borders podcast to share their advice to founders from Latin America on how to get started.