Tag: mexico tech

Magma Partners: Supporting Latin American Entrepreneurs

In 2014, I was sitting in a Manhattan office tower, asking an experienced venture capitalist for advice about Magma Partners, our new seed stage fund that finds the best entrepreneurs in Latin America and helps them launch and scale their US incorporated startups in the states.

The VC’s advice? Leave Latin America. Come back to the US. “You’re going to lose all your money!” Nearly all of my entrepreneur and investor friends said the same thing.

Since 2014, my partners and I have invested $2M of our own money into a portfolio of 32 fast growing companies founded by entrepreneurs from 9 countries that employ 300+ people from 13 countries. All for less than a typical Silicon Valley company’s seed round.

The diverse founders we support are building real US incorporated businesses that generate eight figures in annual revenue. And they’re 90% more capital efficient than Silicon Valley startups. (more…)