LATAM VC: Funding the Next Brazilian Unicorn | Eduardo Kupper, Airborne Ventures

In this episode of the Build Tech Stack Equity Podcast, we sit with Claudio Barahona, a venture capitalist with Alaya Capital, to explore his journey from an eSports entrepreneur to a prominent VC in Latin America. Claudio shares his background, including growing up in Germany and Chile, building a successful eSports company, and transitioning to the venture capital scene. He reflects on the unique challenges and opportunities in the Latin American startup ecosystem, emphasizing the importance of having an upside in one's career. Claudio discusses Alaya Capital’s investment thesis, focusing on digital startups with proven market fit in Latin America. The episode also highlights trends and success factors for startups in the region, the importance of U.S. education and connections, as well as practical advice for aspiring entrepreneurs.   If your company is looking to scale its AI initiatives, head over to Tesoro AI (www.tesoroai.com). We are experts in AI strategy, staff augmentation, and AI product development.   Founder Bio:   Claudio founded his first startup at 18 years old, which he sold six years later. He is a Civil Industrial Engineer from the Universidad de Chile and has devoted a large part of his career to promoting innovation and entrepreneurship in Chile. In addition, he was director of the Chilean Venture Capital Association from 2018 to 2019. Diario Financiero, one of the main business media in his country, recognized him as one of the "Young Influencers 2017" for his outstanding career in the national innovation ecosystem. From 2011 to 2019 he was the Open Innovation Manager of Movistar Chile and leader of Wayra, the initiative of Telefónica that connects the company with startups and innovation ecosystems and invests as corporate venture capital in innovative technology companies with global scalability. In 2019 he founded the initiative Corporate Venturing Latam, which seeks to map and incentivize CVC in LatAm. In 2021 he founded ComoLevantarCapital.com to teach founders how to fundraise VC. He is currently a Managing Partner of Alaya Capital, a Latin American Venture Capital fund, and dedicates some of his time to promoting and teaching Venture Capital in LatAm and making angel investments in startups.   Time Stamps:   00:25 Claudio's Early Life and Career  06:06 Transition to Angel Investing and Corporate Venture Capital  08:38 Corporate Venture Capital Journey  13:53 Difference between the two types of VCs  15:58 Joining Alaya Capital  20:45 Alaya Investment Philosophy and Criteria  24:49 Fund Sizes and Investment Strategies  27:15 Advantages of Delaware C Corps for Latin American Startups  30:00 Opportunities in the Latin American Market  33:36 Successful Business Models in Latin America  39:14 Challenges and Success Profiles of Latin American Founders  46:09 Challenges and Opportunities for New Founders  49:31 Encouragement and Final Thoughts    Resources    Follow Darius Gant  LinkedIn - https://www.linkedin.com/in/m-darius-gant-cpa-44650aa/  Company Website - www.tesoroai.com    Subscribe on Spotify:  https://open.spotify.com/show/4uDVNgsK3iNeu7yU4Inu2n    Subscribe on Apple Podcast:  https://podcasts.apple.com/ae/podcast/the-darius-gant-show/id1527996104    Company website: https://alaya-capital.com/  LinkedIn: https://www.linkedin.com/company/alaya-capital/  Twitter (X): https://x.com/AlayaCapital

In this episode of the Build Tech Stack Equity Podcast, Eduardo Kupper, the founder of Airborne Ventures, shares his unique professional journey from an Air Force pilot in Brazil to a Wharton MBA graduate and successful venture capitalist. The conversation delves into his diverse experiences in management consulting at McKinsey, tech entrepreneurship through Rocket Internet, and leading a venture capital arm in one of Brazil's biggest banks. Eduardo outlines the challenges and strategies in raising a $5 million fund in Brazil, emphasizing the importance of adding value to others. He discusses the focus of his first fund and plans for raising a $10 million second fund, highlighting the importance of investing in FinTech, healthcare, and B2B companies in Brazil. Eduardo also elaborates on the VC landscape in Brazil, the significance of productivity and efficiency, and the potential for Brazilian startups to compete on a global scale. Finally, Eduardo provides valuable insights for potential LPs and founders on navigating the Brasilian venture capital market.   If your company is looking to scale its AI initiatives, head over to Tesoro AI (www.tesoroai.com). We are experts in AI strategy, staff augmentation, and AI product development.     Founder Bio:   Eduardo is a seasoned VC with 17+ years of experience across various industries and sectors, including entrepreneurship, venture capital, management consulting, private equity, and investment banking. Previously, he served as the Head of VC at Bradesco Venture Capital arm, where he successfully managed two funds totaling R$ 800mm of invested capital and R$ 1.7 billion AUM. As an experienced VC investor, he has made 70+ deals across several stages and industries over the last decade, with successful exits, including a +1bi BRL sale and a Nasdaq IPO, and sat on the boards of several companies in different sectors and stages. As an entrepreneur, he founded and co-founded a few companies, including Remessa Online, Finpass, MAR Ventures, and the Wharton Alumni Angels. As an investor with a track record of successful deals, he has made marquee investments in companies including Beep Saúde, D1, Conexa, Jeitto, Asaas, and Skyone. Highly connected and well-networked within the venture capital industry, with close relationships and co-investments with several VC funds, angel investors, and internet & tech startups. He brings a wealth of expertise and strategic guidance and an eye for promising opportunities, helping to identify and invest in promising startups and drive returns for our investors on ESG-compliant/target companies, reflecting his commitment to responsible and sustainable investing.   Time Stamps:   00:49 Eduardo's Unconventional Path to Venture Capital 05:44 Insights on Venture Building and Finding Founders 08:21 Corporate Venture Capital Experience 10:00 Launching Airborne Ventures 14:06 Investment Strategies and Fund Management 17:34 Reflections on Fund Performance 24:08 Navigating Investment Strategies 26:04 Investment Stages and Requirements 28:21 Leading vs. Following in Investments 30:07 Investment Structures in Brasil 34:18 B2B vs. B2C in Brasil 41:08 Challenges and Strategies for B2B Startups 47:15 Looking Ahead to 2025   Resources   Follow Darius Gant LinkedIn - https://www.linkedin.com/in/m-darius-gant-cpa-44650aa/ Company Website - www.tesoroai.com   Subscribe on Spotify: https://open.spotify.com/show/4uDVNgsK3iNeu7yU4Inu2n   Subscribe on Apple Podcast: https://podcasts.apple.com/ae/podcast/the-darius-gant-show/id1527996104   Company website: https://airborne.ventures/ LinkedIn: https://www.linkedin.com/company/airborne-ventures  

In this episode, Adrian Mendoza, co-founder of Mendoza Ventures, shares his journey from getting started in web design in the early 90s, to founding startups, and eventually transitioning into venture capital. He details his career progression, his experiences in the tech and design intersection, and his work at companies like Disney and startups during the dot-com boom. Adrian delves into the firm's focus on AI, fintech, and cybersecurity, emphasizing the importance of investing in sectors they know well. He also touches on the challenges and strategies of raising a fund, the importance of a strong network, thematic focus, and the unique approach of supporting diverse and underrepresented founders. Additionally, they discuss the current and future landscape of AI startups, focusing on the challenges and opportunities in the sector. Adrian provides insights into how Mendoza Ventures supports both founders and LPs, fostering a community of investors and innovators.   If your company is looking to scale its AI initiatives, head over to Tesoro AI (www.tesoroai.com). We are experts in AI strategy, staff augmentation, and AI product development.   Founder Bio:   Adrian is the founder and General Partner at Mendoza Ventures which is both Latinx and woman-owned and the first Latinx-founded VC fund on the East Coast based in Boston. With 20 years of experience in building technology products and teams, Adrian is an experienced entrepreneur, operator, and veteran of the Boston startup ecosystem. Adrian founded Mendoza Ventures to take an in-depth-focused approach to venture capital, looking for founders who demonstrate domain expertise in one of his three focus areas across fintech, AI, and cybersecurity. Adrian prides himself on being a hands-on investor by setting up companies for success beyond just writing a check, creating strong funding syndicates, making customer introductions, and assisting with partnership conversations.   His firm Mendoza Ventures focuses on investments in Fintech, AI, and Cybersecurity, with diversity playing an important role in their investment decisions—about 90% of their portfolio consists of startups led by people of color, and women. Since its founding seven years ago, Mendoza Ventures has raised two funds and had four successful exits. The firm is currently raising its third fund, a $100M fintech fund anchored by Bank of America.   Time Stamps:   00:38 Adrian's Early Career and First Ventures 06:18 Transition from Founder to Investor 10:13 Investment Strategy and Success Stories 13:31 Engaging with Founders and Investors 18:21 Raising Fund 3 and Engaging LPs 28:36 Fund Size Considerations: Building and Managing a Fund 32:45 Challenges and Lessons in Fund Management 34:59 Understanding Pro Rata Rights 36:47 Investment Strategies at Mendoza Ventures 38:37 Scaling and Institutionalizing Startups 42:34 The Role of AI in Venture Capital 50:40 Distinction between AI native Startup and not Native AI Startups 54:31 Connecting with Mendoza Ventures    Resources   Company website: https://mendoza-ventures.com/ LinkedIn: https://www.linkedin.com/company/mendoza-ventures/ Twitter: https://x.com/MendozaVentures   Follow Darius Gant LinkedIn: https://www.linkedin.com/in/m-darius-gant-cpa-44650aa/ Company Website: www.tesoroai.com    

In a rapidly evolving tech landscape, securing enterprise contracts can be a game-changer for startups and tech firms alike. The journey to winning over Fortune 1000 clients requires strategic planning, tailored communication, and a deep understanding of the enterprise world. Drawing insights from venture capital experts, we explore the nuances of navigating enterprise sales and building successful relationships with top-tier clients. In this episode, we sit with Theo Williams, the founder of Third Vector and an expert in venture capital specializing in the space technology industry. Theo shares his journey from a finance background to diving into the tech world, highlighting the challenges and opportunities he encountered along the way. He delves into the importance of investing in the space technology industry and how it can drive significant global impact.   If your company is looking to scale its AI initiatives, head over to Tesoro AI (www.tesoroai.com). We are experts in AI strategy, staff augmentation, and AI product development.  Founder Bio:   Theo Williams is a seasoned professional with extensive experience in venture capital, strategic partnerships, and business development. As the Founder and Managing Partner at Third Vector, he spearheads an early-stage VC firm specializing in investments at the intersection of Space Tech and Big Data. Prior to founding Third Vector, Theo served as a Senior Portfolio Development Manager at Salesforce Ventures, where he played a key role in fortifying the enterprise ecosystem through strategic partnerships and investments. Before his tenure at Salesforce Ventures, Theo held positions in sales and investor relations at Cadre and in product development at Nuveen, a TIAA company. Throughout his career, Theo has demonstrated a commitment to driving growth and innovation in various sectors, leveraging his expertise in investment strategy and relationship management.   Theo holds a Master of Business Administration (MBA) from Rice Business - Jones Graduate School of Business, where he was recognized as a Robert Toigo Foundation Fellow. He also earned a Bachelor of Arts (BA) degree from Louisiana State University, where he demonstrated leadership as part of the Tiger Twelve Senior Recognition Class of 2012 and in various student government roles.   Time Stamps:   02:49: Theo’s journey from finance to tech 06:33 Understanding alternative investments 09:08 Transitioning to tech and angel investing 14:15 The birth of a space tech VC firm 21:37 Investment focus: Space data and infrastructure 24:22 Navigating the fundraising process 26:34 Aligning with founders and managing risk 31:43 Enterprise sales strategies for founders 37:49 Building for Enterprise vs. SMB 42:22 What’s coming new in 2024, and how to get in contact with the team   Resources   Email: [email protected] LinkedIn: https://www.linkedin.com/company/third-vector/ Theo’s LinkedIn: https://www.linkedin.com/in/theowilliams3/

In this episode we speak with Marlon Nichols, co-founder of MaC Venture Capital, who discusses his diverse career path from starting as an early employee at an enterprise software company, moving into consulting, and ultimately venturing into the world of venture capital. He explains the founding and growth of MaC Venture Capital, sharing insights into their investment thesis, sector focus, and the types of companies they seek to partner with. Marlon also provides invaluable advice for new fund managers and entrepreneurs, touching on the current fundraising landscape, strategies for success, and the importance of aligning with a firm's culture and team dynamics   MaC Venture Capital is a seed-stage venture firm that invests primarily in North America, with a focus on California. While the firm does not have a specific sector focus, it considers itself a generalist firm run by sector experts. Marlon explains that the common thread among their investments is a focus on popular culture and future trends. The firm seeks to identify emerging behaviors and trends early on and invest in companies that align with these shifts. This approach allows MaC Venture Capital to invest in a wide range of sectors, including fintech, B2B SaaS, digital health, and space and defense.   If your company is looking to scale its AI initiatives, head over to Tesoro AI (www.tesoroai.com). We are experts in AI strategy, staff augmentation, and AI product development.  Founder Bio: Marlon Nichols is the co-founder and managing general partner at MaC Venture Capital, a seed-stage venture capital firm that invests in visionary founders building the future that the world wants to see. Marlon has an extensive background in technology, private equity, media and entertainment. His unique eye for global and cultural trends, along with shifts in consumer behavior, has helped him uplift and accelerate entrepreneurs and companies that are on the verge of their breakthrough moment. Some of his current and previous portfolio companies include Blavity, Faze Clan, FINESSE, Gimlet Media, LIT Videobooks, Mansa, MongoDB, Pipe, PureStream, Ryff, Solo Funds, Spill, Thrive Market, Wonderschool and others. Thanks to his background as a professional athlete, Marlon utilizes sports leadership philosophy when working closely with CEOs to build the Venture of tomorrow. His diverse network of media and entertainment industry leaders, tech entrepreneurs, Fortune 500 executives and sports professionals helps him develop strategic partnerships and promote brand expansions for his portfolio companies.Marlon serves on the board of directors for the Kauffman Fellows program, where he has been instrumental in growing the representation of underrepresented minorities. He also serves on the advisory board for Los Angeles Mayor’s office’s PledgeLA. Marlon has been honored on the LA500 in 2022, 2023 and 2024, and ranked among top early stage investors on Business Insider’s Seed 100 for three consecutive years. He was also named Pitchbook’s 25 Black Founders and VCs to Watch for the last six years. Marlon has been featured in Axios, CNBC, Cheddar, The Information, Crunchbase News, Fortune, Yahoo! Finance and more. Prior to MaC Venture Capital, Marlon was co-founder of Cross Culture Venture. He eventually enacted the merger with Adrian Fenty’s M Venture that resulted in MaC Venture Capital as it stands today. Prior to Cross Culture Venture, he served as an Investment Director at Intel Capital and earned hands-on experience as an operator himself. Marlon earned his Bachelor of Science in Management Information Systems from Northeastern University and an MBA from the SC Johnson College of Business at Cornell University, where he was also adjunct faculty in entrepreneurship and venture capital.   Time Stamps:   02:57 Marlon's journey from early operator to VC founder 08:55 Venture capital as a path to diversity and strategic engagement 12:14 MaC Venture Capital investment thesis and strategies 16:25 Fundraising challenges and advice for new founders 21:04 Strategies for first-time fund managers targeting LPs 23:25 Fundraising realities for new VC managers 26:18 The multifaceted role of a founding general partner 28:56 Strategies for startups targeting successful exits 31:42 Evaluating seed stage investments 34:03 Venture capital’s shift to sustainable investment strategies 38:25 The impact of AI on business 41:40 What is coming up in 2024 and how to get in contact with MaC Venture Capital team   Resources   Company website: https://MaCventurecapital.com/ Instagram: https://www.instagram.com/MaCventurecap/ LinkedIn: https://www.linkedin.com/company/MaC-venture-capital/ Twitter: https://twitter.com/MaCVentureCap

In this episode we speak with Brandon Thorpe, a trailblazer in technology and entrepreneurship. From his early programming days to pivotal roles at Google AI and Apple, Brandon has redefined innovation in the tech world. Beyond his technological achievements, discover how his musical collaborations with Grammy winner Dallas Austin and the launch of his groundbreaking album 'Unicorn' showcase his diverse talents. Co-founder of Formless, Brandon is revolutionizing the internet through shared technology and smart contracts.   Learn about his vision for an equitable digital landscape, the origins of his passion for tech, and the challenges and successes he faced while raising funds for Formless. Explore the multifaceted world of a creative technologist committed to inspiring others and reshaping the future of digital communities.   If your company is looking to scale its AI initiatives, head over to Tesoro AI (www.tesoroai.com). We are experts in AI strategy, staff augmentation, and AI product development.  Founder Bio:   Brandon Thorpe was a Staff engineer at Google AI, Senior engineer at Apple, self-taught programmer at 13 years old, featured in national media such as Forbes and WSJ, signed with Grammy Award winner Dallas Austin to release album "Unicorn", creator of Multi-Dream Theory with the idea that humans are capable of achieving excellence in multiple fields in parallel, co-founded Formless in 2022 aiming to illuminate true human purpose through technology by revolutionizing the internet with SHARE technology empowering common property ownership with smart contracts. Creative technologist with millions of streams and views across internet platforms. Formless was selected as one of around 30 companies from a pool of 8,000 to receive investment from a16z's CSX accelerator in 2023 and has since raised a multi-million dollar pre-seed round.   Time Stamps:   03:11 Brandon's journey from tech to music and back 12:52 Exploring the intersection of music, technology, and blockchain 15:27 Pain point that led to creating Formless 18:58 Redefining music distribution through blockchain 20:18 Blockchain as a nongovernment global computer. 23:02 Challenges and opportunities of music and blockchain 25:47 Redefining artist monetization and community building 30:52 Expanding Formless Beyond Music 34:04 Starting points and essential skills for building blockchain 38:31 Navigating the blockchain insights and opportunities 43:12 Engaging with the Formless Platform 45:08 Fundraising journey: strategies and lessons learned 51:56 What is coming up in 2024 and how to get in contact with the formless team   Resources   Company website: https://formless.xyz/ Instagram: https://www.instagram.com/formlessxyz/ Twitter: https://x.com/formless_xyzLinkedIn: https://www.linkedin.com/company/formlessxyz/  

In this episode, we sit with Kevin Moore, the fund manager at Serac Ventures. Kevin shares his unconventional journey to venture capital. Starting with a degree in civil engineering, Kevin transitioned through roles as a financial advisor, a regulatory worker at the Federal Reserve Bank, and eventually into the VC world. He emphasizes the importance of diverse experiences and a curious mindset for sourcing and evaluating investment opportunities. He discusses his methodology for investment selection and the significance of a disciplined approach across various investment mediums. Kevin provides insights into the venture capital industry, highlighting the importance of understanding both the finance aspects and the operational challenges of startups, he also delves into the specifics of fundraising, offering advice on engaging with different types of investors, including foundations, endowments, family offices, and high net worth individuals. Furthermore, Kevin outlines the strategic focus of Serac Ventures on fintech, B2B SaaS, and commerce enablement solutions, emphasizing the fund's commitment to diversity and hands-on support for portfolio companies. If your company is looking to scale its AI initiatives, head over to Tesoro AI (www.tesoroai.com). We are experts in AI strategy, staff augmentation, and AI product development.  Founder Bio: Kevin Moore is the Founder and Managing Partner at Serac Ventures. Kevin has over 18 years' experience in public and private markets investing having worked at Spur Capital Partners (VC FoF), i2E (VC Fund), Morgan Stanley, The Federal Reserve Bank, and Northwestern Mutual. Kevin is also the author of Starting Your Investment Fund: A How to Guide and he has a Bachelor of Science in Civil Engineering from Oklahoma State University and an MBA from the University of Central Oklahoma. Time Stamps: 02:52 Kevin Moore’s unconventional paths to VC success 08:03 First steps into venture capital and the importance of background diversity 11:25 Embracing your role for personal and professional growth 13:08 Navigating the investment landscape: from LP to VC fund manager 18:33 Strategies for investment managers to engage with endowments 26:36 Challenges and strategies in fundraising for successive funds 28:06 Strategizing fund size for investment success 30:34 Financing GP commitments through fund distributions 32:33 Investment criteria and strategies at Serac Ventures 36:28 VC leverage expert networks for founders 38:24 Investment trends and predictions for 2024 and beyond 41:51 Dry powder and investment strategy in fund management 46:32 What is coming up for Serac Ventures Resources Company website: https://www.seracventures.vc/Youtube: https://www.youtube.com/@SeracVentures LinkedIn: https://www.linkedin.com/company/serac-ventures-vcfund/ Twitter: https://twitter.com/seracventures

In this episode, we have a conversation with Justis Mendez, who is the Managing Partner and Co-Founder of OneSixOne Ventures. Justis shares his journey from the tough streets of Cleveland to becoming a leading figure in the venture capital world. From experiencing the harsh realities of gang violence and incarceration to founding Qu Parking, an innovative startup that revolutionizes residential parking. We also delve into Justis's transition into the venture capital sphere and his role in building a robust tech ecosystem, tracing his path from his initial introduction to VC at OneSixOne Ventures. During our conversation with Justis, he highlights the significance of making a positive impact through venture capital and offers valuable advice for aspiring founders. He emphasizes the importance of being authentic and having technical expertise. Justis also discusses the challenges of raising capital in Florida and their mission to support local founders and keep them in the state. Building a strong community and providing value to founders beyond just capital is also a key point that he talks about, sharing insights into their investment strategy, focusing on early-stage startups in the enterprise software and AI infrastructure space. If your company is looking to scale its AI initiatives, head over to Tesoro AI (www.tesoroai.com). We are experts in AI strategy, staff augmentation, and AI product development.  Founder Bio: Justis was born and raised on the west side of Cleveland. He grew up around gang violence, drug traffickers, and drive-by shootings happening as often as one could imagine. Many of his childhood friends have been either gunned down or locked up in prison. His best friend even ended up on First 48 after being involved in the murder of a high-profile gang member they knew. Justis founded Qu Parking, an "Airbnb for residential parking" startup, and led business development for Pinata, a fintech startup based in NYC helping tenants earn rewards for paying rent. OneSixOne Ventures is a leading pre-seed venture capital firm in the Southeast that identifies and invests in enterprise software and government tech startups that are developing breakthrough dual-use technologies. Time Stamps: 03:13 Justis Mendez’s background and introduction to VC 12:41 Building a tech ecosystem: The genesis of OneSixOne Ventures 17:05 Launching a virtual accelerator during the pandemic 19:12 Launching their fund after realizing the need for monetization 22:15 Making a positive impact through venture capital 24:24 The strategic focus on enterprise software and AI 26:56 Investing in pre-seed and seed stages with small checks 30:05 Joining the fund’s ecosystem and warm referrals as ways to connect with OneSixOne 34:20 Current state of the VC space and capital deployment 38:57 Plans and predictions for 2024 40:52 Advice for founders: Authenticity and technical expertise 44:06 Considerations when outsourcing technical development for AI 46:17 Upcoming events for 2024 and how to get in contact with the OneSixOne group Resources Company website: https://www.onesixone.ventures/ Instagram: https://www.instagram.com/onesixoneventures/ Facebook: https://www.facebook.com/onesixonegroup/ LinkedIn: https://www.linkedin.com/company/onesixone-ventures/ Twitter: https://twitter.com/161ventures      

When it comes to fundraising, storytelling is a crucial element that can make or break a founder’s success. It goes beyond presenting information and numbers; it’s about creating a narrative that captivates investors and showcases the potential of the opportunity. Black founders should leverage their unique experiences and perspectives to craft a powerful story that resonates with investors, highlighting their journey, the problem they’re solving, and the impact they can make can help differentiate them in a crowded market. In this episode we sit with James Norman, co-founder Black Ops, who shares valuable insights on building successful tech companies and raising venture capital as a black founder. He emphasizes the importance of storytelling and the power of a compelling narrative when pitching to investors. James also offers advice on navigating the fundraising process and highlights the need for black founders to focus on building a strong network and finding mentors who can provide guidance and support. Overall, he provides valuable advice for black founders looking to succeed in the tech industry. If your company is looking to scale its AI initiatives, head over to Tesoro AI (www.tesoroai.com). We are experts in AI strategy, staff augmentation, and AI product development.  Founder Bio: James Norman is a serial entrepreneur who built his first company at the age of 16, an aftermarket automotive e-commerce site called MJH Sound.com. While previously he may have been known as a visionary in automotive product planning, over the past 7 years in the media and entertainment industry he has become a thought leader in over-the-top media and consumer video consumption behaviors. His latest venture is Pilotly, a consumer insights platform that enables content creators to get feedback from audiences at scale. Time Stamps: 02:25 Introduction and background of James Norman 10:02 Hiring the right engineer to build a product 13:46 The continuous learning process in technology 15:09 Funding challenges for non-profit organizations 17:27 How Black Ops program born out of the experience of founder support 21:13 Shifting power dynamics when fundraising as a founder 24:39 Building a Strong VC Network 26:11 Articulating the unique value and experience of the fund 30:38 Considerations for fund size and raising a first fund 33:19 Financial modeling and decision-making for portfolio construction 35:05 Importance of having a term sheet to raise a Series A 36:21 The power of storytelling in convincing investors and supporters 41:25 Addressing Gaps in Accelerators for Black Founders 46:21 What is coming up in the 2024 Resources Company website: https://www.blackopsvc.com/Twitter: https://www.linkedin.com/company/black-ops-vc/ LinkedIn: https://twitter.com/BlackOpsVC  

Today we sit with Roberto Ibarra, co-founder and CTO of Expediente Azul. Roberto shares how he transitioned from a software development company to building a product-focused business, driven by the need to solve a specific problem in the financial sector. Expediente Azul streamlines the loan onboarding process by automating the collection and verification of documents and data. As the platform evolves, it focuses on extracting data directly from reliable sources and creating documentation from that data. The ultimate vision is to create a digital marketplace for lenders to share opportunities and data, fostering trust and speeding up loan processes globally. As Expediente Azul gained traction and more customers, the team realized that the real value lay not in the documents themselves, but in the data they contained. Financial institutions didn’t want the documents; they wanted the data for analysis. This realization led to a shift in focus from gathering documents to extracting and utilizing the data within them. The platform began integrating with third-party tools that connected to tax authorities’ databases, allowing for the extraction of accurate and up-to-date income data directly from the source. This eliminated the need for customers to provide physical or scanned copies of their tax records. Instead, the platform automatically retrieved the necessary data, ensuring its accuracy and reducing the risk of fraud If your company is looking to scale its AI initiatives, head over to Tesoro AI (www.tesoroai.com). We are experts in AI strategy, staff augmentation, and AI product development. Founder Bio: Roberto Carlos Ibarra Rabadán entered the world of computing over 25 years ago assembling and selling personal computers. He went on to start a software development services company called Innox, being the 9th company in Mexico with a CMMI 4 quality rating (military/medical grade) with over 70 employees which was sold in 2013. Later, Roberto developed various apps with millions of downloads, two of them nominated the best in the world during the Mobile World Congress in Barcelona. During his sabbatical year, Roberto created the podcast Vidaentrepeneur.com where he interviewed over 290 Latin American inspiring entrepreneurs. Today he is the founder of the Fintech company Expediente Azul or Blue File in English, a software platform that simplifies the document-gathering process for large loans and other KYC processes currently operating in Mexico, Brazil, Ecuador, Colombia, Perú, the Caribbean, and South East Asia. Roberto was educated by the Tec de Monterrey, IPADE Business School, Harvard, and Oxford and was nominated by CNN as one of Mexico’s 30 promises as well as a Young Global Leader by the World Economic Forum. Time Stamps: 03:07 Introduction and background of Roberto Ibarra 05:37 Transition from software development to a product Company 08:14 Finding a Problem worth solving 13:55 Scaling loan brokerage business with automation 18:07 Product evolution from document gathering to data sharing 26:27 Countries Expediente Azul operating today 27:46 Bringing in the right talent to build the initial version 30:38 Investing in sales over tech 33:32 The importance of thinking beyond the happy path 37:04 Building a lean and efficient tech team 42:02 Building a multilingual platform 44:23 Funding journey and resourcefulness 49:21 How to get in contact with the Expediente Azul team Resources Company website: https://bluefile.expedienteazul.com/ LinkedIn: https://www.linkedin.com/company/xpazul/ Facebook: https://www.facebook.com/xpAzul] Twitter: https://twitter.com/AzulExpediente Email: [email protected]