“Es el mismo perro con diferente collar” In recent years, we’ve seen considerable pressure on venture capital firms to diversify their partnerships. Since only 7% of partners at the top 100 venture funds are women, the reflexive argument is that venture partnerships should hire more women. However, we believe this represents a backward-looking step, not […]
Category: Venture capital
Landing the Plane
In a previous post, I talked about how money is just never in a hurry and how you really need to plan for a looong process when fundraising, especially if you are in a nontraditional business or geography (in Mexico, I have seen good companies with solid investors take 9 months for fundraising from start to […]
Lesson #1
We all come to the Valley for pretty much the same thing…we have a huge idea that can change the world (or at least, disrupt an industry). Yeah! Welcome to the Shark Tank! However, to create your company, you need two main things: money and talent. So back in February of 2015, we had successfully developed an […]
Money is Never in a Hurry
In a previous post, I talked about how when you raise your current round, you must be able to pitch the next one. This blog delves more into the nuts and bolts of funding, and specifically the idea that money is never in a hurry. Once you raise money from a professional investor, your interests […]
How Carrot raised a $2 million series B round
I first met Diego Solorzano and Jimena Pardo from Carrot at an Endeavor ISP in London. I was impressed as they passionately described their vision for building Carrot into the first car-sharing service in Mexico City. As a result of their passion and resourcefulness, Diego and Jimena were selected as Endeavor Entrepreneurs in June of […]
“Because that’s where the money is”
That was supposedly Jesse James’ response when asked why he robbed banks. Might be apocryphal, but no less insightful for it: look for opportunities where you have the best chance of success. My friends and co-bloggers, Avikk Ghose, Leonardo Shapiro, and I feel very strongly that where the money will be in the coming years is in […]
To fund or not to fund?
To fund or not to fund? By Gabriel Manjarrez This question comes up a lot, especially in startups in Mexico, where externally funding a venture is much less common than in the US. All respect to the Bard, though, that is actually not the question. The question is really ‘how fast do you want to grow?’ I […]
Plan and adapt
“Si quieres hacer reír a Dios, cuentale tus planes.” “If you want to make God laugh, tell him your plans.” When we are about to launch a new startup, there are always assumptions, we detect a problem or a necessity, we find a new or a better way to address them and we then venture […]
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