Susana García Robles has been working to help create the venture capital industry in Latin America since the 90s, when she launched an ambitious flagship program in Brazil to jumpstart the Latin American ecosystem. Since then, she has been an LP to dozens of funds across the region in her role as Chief Investment Officer for IDB Lab at the Interamerican Development Bank, a Washington DC based multilateral development bank focused on Latin America and the Carribbean.
In addition, Susana founded WeXchange, a platform run to empower Latin American and Caribbean female entrepreneurs and connect them to mentors and investors around the world.
In this episode, I sat down with Susana to talk about her first experience with venture capital in the region, from working in Brazil to replicating similar programs across Latin America. She offers advice to potential LPs on what to look for in successful fund managers and founders. We also cover why and how she founded WeXchange and the importance of women entrepreneurs for Latin America’s growth. Check out this episode of Crossing Borders to hear more of Susana’s extensive experience investing in the region.
Venture capital, especially in Latin America, can often seem like a black box where founders have very little access to information about what happens on the inside of the firm. I’ve gotten so many questions about how to apply, when do it, pitfalls to avoid and so many more.
On the last episode of Crossing Borders, I interviewed Komal Dadlani, CEO and cofounder of Lab4U. One of her conditions for the podcast was that she could then turn the microphone around on me and ask all the questions she wanted to know about venture capital…of course I said yes! It was a great to share what we’ve learned in five years of VC and share how to best raise venture capital form Magma Partners. This episode is a combination of the questions Komal asked me and the most common questions I get via email, Twitter, Facebook, and LinkedIn.
As Komal wondered, many entrepreneurs ask themselves how VCs analyze companies that they are considering for investment, and why they choose to invest in a specific companies. Others are curious about dilution, deal structure, or even the operations of the Magma team.
This episode was an opportunity to answer those questions. If one person asked, then at least ten people were probably thinking the same thing. Check out this episode to hear me answer Komal’s questions and delve into the most common questions I get on social media.
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.
As I’ve featured Latin American entrepreneurs over the last 24 episodes I’ve learned more than anyone. The insights these entrepreneurs, investors and ecosystem builders in Latin America have are extremely helpful to anyone who’s looking to start their own company or grow an existing one.
I decided to share my key takeaways with you on this 25th episode, so what you’re going to hear is a shorter “best of” session featuring a handful of the great entrepreneurs I’ve spoken with over the last few episodes. I also take a few moments after each clip to share why I thought the advice shared is so valuable. And just in case you want to hear each of the interviews in their entirety, I’ve linked these great Latin American entrepreneur and investor names to their original episodes in the bullet point outline below.