The tech scene in São Paulo is an absolute pleasure and it is an honor for us to see such an impressive participation at the startup Battlefield Latin America.
If you missed it, we have put together a small summary
Editor's note: We will embed videos of the event as they become available.
A China Turn to the Brazilian Mobility Revolution
with Ariel Lambrecht (Yellow), Eduardo Musa (Yellow), Tony Qiu (Didi Chuxing), Hans Tung (GGV)
Mobility is a big challenge for Megacities around the world, including Sao Paulo. The first panel of the event consisted of well-known founders and investors who tried to solve this problem in Brazil and throughout Latin America.
Eduardo Musa is co-founder and CEO of Yellow and was brought on stage by his co-founder Ariel Lambrecht. Lambrecht also founded Mobility Company 99, which is the only startup worth more than $ 1
Both Musa and Qiu confirmed the crisis in the Brazilian market and noted parallels to the Chinese market. In both markets there are megacities with a different population, and there are countless opportunities for start-ups.
Throughout the panel, it has been noted that Brazilian start-ups face several obstacles, including finding sufficient talent and investment. Panelists agreed that companies in Brazil often go to Silicon Valley for both. They found there were not enough local engineers, and to get funding, it was best to show local investors growth and Silicon Valley for additional investors.
Fireside Chat with Cristina Junquiera (Nubank) and David Velez (Nubank)
Any kind of partnership with a global Internet giant is a big win for a startup. Co-founders of Nubank, David Velez and Cristina Junquiera, entered the stage of the startup Battlefield Latin America and discussed Tencent's $ 180 million investment in its Sao Paulo-based digital banking company. Nubank has raised more than $ 700 million from harsh investors such as DST and Sequoia, valuing the company at over $ 4 billion. So it's not about the money. While investing in the buying strategy for Chinese Internet giants is common, Velez says this is not Nubank's goal.
The founders are focusing on the 20 million customers who have already applied for their credit card and the building culture of the company Boden. Many things are wrong with Brazilian banks, and Nubank is taking a customer-centric approach to providing its digital banking service to Brazil's large population. If you are one of the most successful companies in a region, you feel committed to giving back to the ecosystem. Velez and Junquiera say that this is the best way to set an example for success.
Investment in Latin America today
With Eric Acher (Monashees), Veronica Allende Serra (Innova Capital Consultoria Ltda), Hernan Kasah (Kaszek), Fernando Lelo de Larrea (ALLVP)
Latin American startup companies have reached a turning point. The region is no longer an afterthought for global investment firms. The region is outperforming its committed capital of $ 1 billion for the second year in a row.
Growth is driven by Eric Acher, co-founder of Monashees; Veronica Allende Serra, Founder of Innova Capital; Hernan Kazah of Kaszek Ventures and Fernando Lelo de Larrea of ALL VP; is a rip-off as the public offer for the payment technology provider Stone and the sale of 99 driving to the Chinese global mobility company DiDi.
But with the growth of the market, entrepreneurs must consider the partners they bring with them as a destination for international growth. And while Brazil is in the lead in tied capital, 73% of total funds invested in the region are tangible in the first half of the year – Argentina, Colombia, Mexico, Peru and Chile are developing into important capital markets on the right.
Twenty Years Before the Turn
with Fabricio Bloisi (Movile)
For Fabricio Bloisi, the road to building a billion-dollar business in Movile was not always easy. To start a business, difficult decisions have to be made along the way, and ideas must be constantly thought through.
In the first decade of its existence, Movile fought as a small content provider. Bloisi once agreed to further consolidate and control the market.
Now, companies like iFood, which raised more than $ 100 million in revenue in the month of October alone, and new payments companies such as Zoop and its delivery and logistics companies are contributing to a powerhouse that Bloisi believes is could be a $ 10 billion company in a few years' time.
Bloisi believes in the region and the promise that local and international investors want to build multi-billion dollar companies. The future belongs to entrepreneurs in the audience, Bloisi said. And if they can make the tough decisions (and find the right investment partners), they might find themselves on the TechCrunch stage.
New Wave Latin Founders
Ana Lu McLaren (Enjoie), David Arana (Konfio) and Sebastian Mejia (Rappi), Juan Pablo Bruzzo
A large majority of start-up and investment activities in Latin America are coming to fruition Brazil. However, this does not mean that entrepreneurship in other parts of the region is not successful. Rappi co-founder Sebastian Mejia, Konfio's David Arana, Moni's Juan Pablo Bruzzo and Enjoie's Ana McLaren discussed the challenges involved in starting and scaling an early-stage technology company. Volatile economies, scarce technical talent, and undercapitalized markets pose no great challenges, but the opportunities for those founders.
The logistics, fintech and e-commerce sectors are shaken by these founders, and foreign investment dollars follow. Rappi was collecting a $ 200 million round to expand his last mile delivery service, and