Nestor de Haro grew up in Guadalajara, where he learned about the auto parts industry from his father. After obtaining a B.S. Degree in Industrial Engineering, Nestor co-founded Rigs Inc, an online marketplace for selling auto parts in Latin America. We talk about his inflection point from an underperforming business model to a new marketplace model and his advice for other entrepreneurs who are just getting started. If you speak Spanish, be sure to stay tuned after the normal outro, as I am testing a new segment where I put new content in Spanish after we finish the English section of the podcast. I hope you enjoy this conversation I have with Nestor de Haro.
I asked Cristobal Perdomo to join me on this episode of crossing borders to talk about venture capital in Latin America. Cristobal is one of the founders of Jaguar Ventures, a Latin American based VC firm.
After getting an MBA and consulting for a couple of large companies in Brazil, he realized that the VC world was largely ignoring the rest of LatAm, so he set about to expand funding opportunities for startups in Argentina and Mexico. He shares advice for managing a business in multiple countries, investing in startups across the region and tips for managing teams across borders.
Being able to open a bank account, exchange currency, open a credit card or have access to business credit in something that we take for granted in the United States. I know I did before moving to Latin America.
In the US, most people can easily open bank accounts, apply for loans, and transfer money digitally. But that’s not the case for the bottom 80% of income earners in much of Latin America. It took me 3 years to get a bank in Chile to allow me to open a business account when all I wanted to
Village Capital is a global VC firm with offices in Mexico City that finds, trains, and invests in entrepreneurs solving real-world problems, like the Fintech problems I just mentioned. VilCap works to build communities around entrepreneurs and their ventures to improve opportunities for growth and success. In this conversation, I’m speaking with Amanda Jacobson, Regional Manager for Latin America for the Village Capital team. She explains how VC is changing the way people live and work in Latin America and how Fintech in Latin America is one of the biggest areas of focus for them right now.
Juan Vera joins me in this episode of Crossing Borders to talk about entrepreneurial business in Latin America. Juan’s experience as an engineer and CEO has helped him start several businesses, then scale those businesses from Colombia to Mexico and the United States. Listen to hear Juan share how he bootstrapped his early startups to eventually raising several million in venture capital, and everything he learned along the way.