Gina Gotthilf: belief

Transcript context

…Something I wanted to ask about is what is it that Latin American founders and companies are uniquely good at? Is there kind of a thread across Latin American startups that are like, oh, they're so good at this area, pay attention here? In general terms, startup founders have to be really scrappy and resourceful and resilient. Latin Americans tend to be very scrappy, resourceful, and resilient because of just the realities in which we were brought up in. We have words for that that we don't have in English and Portuguese in Spanish, which is like dancing around things and figuring out things when you don't have other solutions. So, I think that's something that we see a lot. In terms of what we're really good at, I would say first of all, there's opportunity in every single vertical in Latin America because it's such a wide open field, so there's opportunity everywhere. It's not that we're particularly good at FinTech, for example, but if you look at the FinTech opportunity in Latin America right now, it's so hot and there's so much money and there's so much happening because of the huge problem of people not having access to bank accounts or access to credit, or just all of the bureaucracy that exists in trying to get those things or to make payments and so on and so forth. So, there's just huge opportunity there. I'm trying to think what else- So there's just huge opportunity there. Trying to think what else I would highlight. Ah, Lenny, you talked about B2C. I think again, because there's so much open field, there's so much opportunity when it comes to B2B, especially when you're talking about SMBs. There's a lot of small and medium businesses doing things on paper, so figure out what they are and how you can make them not on paper and deploy them effectively. So I think that's an advantage we have. Other than that, I wouldn't highlight anything in particular. I think that there's amazing people all over the world. It's just a matter of what are the opportunities that exist. And because there's so many opportunities that are Latin America specific or that are emerging market specific, which means that if they work in an emerging market in Latin America, they could work in other emerging markets. And you know what? Most of the world is not developed markets and understanding what it's like to not have access to amazing wifi and iPhones and all the things that we have access to, that can be a huge advantage because that's the reality that most of the population lives in. And that's a huge TAM. That makes me think about WhatsApp. And one of the reasons they made it is they were just obsessed with making the app incredibly small and fast. And they started, I think with international markets and then that just ended up being an amazing app so fast and so easy to use.…

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