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Gina Gotthilf: evaluation

19 Oct 2023 Lenny's Podcast Scaling Duolingo, embracing failure, and insight into Latin America’s tech scene | Gina Gotthilf (Latitud, Duolingo)

“Because I think that most of us have a lot of B-moments every day, every week, every month and every period of our lives.”

— Gina Gotthilf

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Speaker
Gina Gotthilf
Attribution
Verified speaker
Claim type
evaluation
Recorded
19 Oct 2023
Publisher
Lenny's Podcast

Transcript context

…For sure, and thanks for that Lenny. Look, I think for those of us here in the US, I became an American last year. I love the US. I've been here for 19 years. It's hard to imagine just how much is going on south of the border. There's actually 660 million people living across Latin America, and it's an economy of $6 trillion. And Brazil is a huge market, just in terms of sheer size, over 200 million people. And also in terms of where the ecosystem is. I am Brazilian, so I am Latin American, even though sometimes Brazilians are not sure if they are Latin American because we speak Portuguese. And so the future of the region really matters to me. And helping people get the opportunities that I've had, in terms of access to information and resources that could help them build scalable, very successful startups, can really change the economy across the board. I believe in that much more than I believe in government, and whether we're going to vote this guy or that guy next. And so that's sort of the impetus for the company. The conference was a conference put together by my company. I'm a co-founder. We're three, Brian, Yuri, and I. We put this conference together to bring together the top entrepreneurs, operators and investors across Latin America, but also people who are interested in investing in the region, of which there are more and more here in the US and abroad. More than 5,000 people came. We had over 70 speakers. It was across two days. We had amazing people like Ben Horowitz, who never gave a talk, or did a fireside specifically for and about Latin America and the opportunity. But we also had incredible founders who you, in terms of US operators, may not be as familiar with. But if you've ever heard of Rappi, it's a really important delivery company in Latin America. So the founder of Rappi flew down from Miami for that. And then we had VCs from a lot of the top names that you've heard here in the region as well. And then a lot of unicorns. We've had a lot of unicorns in the region. So they were all there. And the idea was to share learnings along the way, successes and failures, so that people can skip by not making the same mistakes as others. And I was asked to open both days. And then the first day, the opening talk that I ended up giving was this concept that I really like, which is the A-side and the B-side of a story. Which is that if you are old like me, and maybe you Lenny, I think we're similar age, you remember what a CD or what a mixtape was like. And we had the A and the B-side. We are very encouraged in our lives, especially professionally, to talk about our A-sides all the time. Because that's what impresses people, that's what opens doors, that's what allows us to keep growing and it's so important. It means that a lot of what you hear in podcasts and on stage ends up being the Instagramable version of someone, or a company, or a country's trajectory. It's just the highlights. it's so important. It means that a lot of what you hear in podcasts and on stage ends up being the Instagramable version of someone, or a company, or a country's trajectory. It's just the highlights. And when I talk about my A-side, it's very impressive. I did things like we'll talk about, I met President Obama, I worked on the Mike Bloomberg presidential campaign. I helped Duolingo scale from three to 200 million users. I worked with Tumblr, helping them scale in Latin America. Andreessen Horowitz invested in my company, et cetera. But between all of those highlights, there were so many B-moments that get shoved under the rug because it's just easier for me and it's more impressive for others. But I really like to highlight those. Because I think that most of us have a lot of B-moments every day, every week, every month and every period of our lives. And it's easy to think that things aren't just not going to work out for us because we're in one of those B-moments, if we don't recognize them as moments. And the story I ended up telling was how, much I have these A and B-sides that I don't talk about my B-side so much. Latin America also has A and B-sides. Because it's really easy to focus on, it's dangerous, we're behind the governments are a mess. There's financial insecurity. But there's a lot of A side in there, and a lot of the A-side is the opportunity we have in terms of tech. Because in terms of percentage of GDP that tech occupies compared to other markets, it's very promising. We're at one third of India, one 10th of China, one 30th of the United States. Meaning that tech companies can grow a lot so that they occupy that space in terms of the GDP, which is believable. So that was the concept of the talk and the reason for this conference. I love this concept. We're going to talk, as you expected about a lot of your A-side stuff. Is there any example of a B-side story of your life that would be interesting to share?…

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