Apologies for the poor audio quality. Hopefully its still useful.
Here’s the show notes:
0:00 – Introduction: My story
4:30 – Magma Team Overview + Introducing Beatriz Cereceda, our Entrepreneur in Residence
6:30 – Magma portfolio + What we do and how we’re different
11:00 – How to raise money in the US as a Latam company
15:30 – The types of businesses you should think about starting in Latin America
18:30 – More examples: Companies with their back office in Latam and sales in the US/Europe/Asia
20:20 – Why social startups should be in the US, not Latam
20:45 – Advice for doing B2B sales in Latam, focused on Chile
24:00 – Copying/Cloning in Latam + Adapting to local realities
29:45 – Why acquisitions are less common and for lower multiples in Latam
32:40 – Q and A – How does Magma make money investing in Latam?
35:30 Whats the sales cycle look like for B2B companies in Latam?
36:30 – How do we decide how much equity we ask for?
37:30 – Are there accredited investor requirements in chile? Are there active angels? Founderlist.la.
39:00 – Is there a startup bubble in Latam? Worldwide? How attitudes have changed in Latam since 2010? Note: I misspoke on this answer saying MRR when I meant ARR.
2010. Chantapreneurs and serial contest “winners” starting to fail.
40:30 Is there a US startup bubble?