Gina Gotthilf: recommendation

Transcript context

…One last question around Latin America. It's going to be a broad question. What do you think people should be paying attention to, whether it's specific companies you want to call out, big companies that are doing great or just trends or patterns, what do you think people should be paying attention to? Anything you want to shout out? Lenny, the truth is I would love to call out all of our portfolio companies. I believe in all of them, and there are some of them that are growing incredibly impressively. One of them is Pomelo, which is a FinTech platform for FinTechs that is just grown incredibly. To me, it's more about paying attention to Latin America. I think for the US, that's already a lot. I don't think people know what's going on below the border, I have no idea what Brazil is like, but paying attention because it's not just a place that's behind and trying to catch up. It's a place where the opportunity to make a lot of money exists. It's a higher risk region because of all the political and economic instability. But given the scenario that we're in right now, which is that we're still behind in terms of all the solutions that we know will be built to give people access to health, to education, to financial services, et cetera. But we actually have a lot of money flowing into the region in terms of venture capital. We have the best talent we've ever had because now we've had, I forget how many, but a lot of IPOs that came from Latin America and unicorn companies, people who have worked at those companies or who have worked places like Duolingo are coming back to build now, know what they're doing. And so there's a number of things that have come together that make now a really exciting time to build a startup in Latin America and to scale it. So from an investment perspective, I just think that there's a lot of hot opportunities now in terms of knowing what's a good opportunity versus not. I think the same rules probably apply to those anywhere else, which is most importantly, the entrepreneur. Does this person know what they're talking about? Do they have an unfair advantage in terms of knowing what a problem that exists and knowing how to solve it in a way that others couldn't do? They have access to the best talent in the world, not just in the region that will actually join them and build the best thing possible. And yeah, what's the TAM? And not just what they put on the slide, but what you actually believe the TAM to be. So that's what I would say. I think everyone's looking at FinTech and Latin America right now. It's hot, it's profitable. Money is where the money is, but I'm super excited about what happens with health and education in particular because I think that that has the power to truly transform the region in a massive way. At Latitud, I think I mentioned in addition to FinTech, we tend to invest a lot in B2B SMB platforms that are helping businesses scale and work more effectively because there is a huge need for that and there's an opportunity to build. And I think that that can have an impact on the region. So I think that would be my advice. It's a little broad, but other than that, if not, I would just now sit here and tell you 15 companies that we love at Latitud and I won't. Well, we can point people to your portfolio page on your website.…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.