By Luis Bermejo and Juan Manuel Giner, Managing Partners of Alaya Capital.
More than 300 investors from Mexico, Colombia, Peru, Chile, Argentina, Ecuador, Uruguay, Guatemala, Paraguay, Bolivia and Brazil met in order to attract capital and talent to Latin America.
VC Latam Summit is an event that gathers managers of the Latin American funds for three days in Miami, aiming to connect with Limited Partners (LPs) who are interested in the region.
From Alaya Capital we participated and summarized our main learning experiences:
Sustainable development of the region
It is a topic that was present in every conversation. Shu Nyatta once said “Technology in Latam is often more about inclusion rather than disruption”. “…In San Francisco, the venture ecosystem make life better for individuals and businesses who are already living in the future. In Latam, tech entrepreneurs are building the future for everyone else”. We agree and we experience this reflection every day, working with a portfolio that is solving big problems of the region. It is in our greatest challenges where our best opportunities live.
A consolidated VCs community
We returned very happy to see a community of funds more and more consolidated, with new managers who provide dynamism to the region. We experienced a collaborative and positive environment in spite of the global crisis. We reinforced our belief that Latin America still is a great opportunity to invest in its digitalization and that now is the best moment to do it. This meeting reinforced our bonds of trust that will allow us to continue sharing co-investment opportunities.
Attract capital to Latin America
The strategic location of Miami, helped us to connect with the investment community of the USA, allowing us to meet the investors who seek to trust our funds and the region. It is hard to convince these investors to take a flight and visit our countries. We need to “go out and seek them”. That is what the event was all about.
This is why, we celebrate what happened in Miami, not only because we tried to attract funds and talents to the region, but also because we did with the modesty of feeling that we are more Latin American than citizens of the countries where we were born and/or have our offices.
Thanks for the invitation and the excellent organization to ARCAP, ABVCAP, ACVC, COLCAPITAL, PARCAPY, AMEXCAP, ECUACAP, PECAP and URUCAP. It also had the support of LAVCA and IDB Lab