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VC Investing in LATAM
Manage episode 446425167 series 3610015
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In this episode of the Nearshore Cafe Podcast, host Brian Samson welcomes legendary investor and founder of Practical Ventures, Dave McClure. They discuss the story behind the name "42 Geeks" and the purpose of their trips to different parts of the world to learn about startup ecosystems. They also talk about their experiences visiting companies, meeting investors, and exploring the local culture and food. Dave shares his experiences in Latin America and the growth of the tech scene in the region. They note that the region is still relatively undercapitalized compared to its potential, but there are successful companies like Mercado Libre. The cost of living and operating a startup in Latin America is generally less expensive than in Silicon Valley. Dave mentions his personal experiences in Brazil, Argentina, and Uruguay, highlighting the vibrant culture and food while also noting the need to be aware of security issues. Overall, they believe that despite the challenges, Latin America offers significant opportunities for startups. Latin America, specifically South America, has a large number of active social media users.
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Dave's LinkedIn:
https://www.linkedin.com/in/davemcclure/
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