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Just as there are heroes and villains in the Avengers universe, the startup universe is made up of growth and profitability, the former being the heroes and the latter the villains. Uber, Tesla and Spotify are the clear example of the heroes of the film that have grown tremendously in recent years, ousting traditional companies from the firmament.

Over the years these companies have raised an exorbitant amount of capital (Uber USD$25.2bn in 32 rounds, Tesla USD$20.2bn in 35 rounds, Spotify USD$2.1bn in 18 rounds) that has allowed them to position themselves in multiple markets, capturing participation and growing aggressively…


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“There never is a good time for tough decisions. There will always be an election or something else. You have to pick courage and do it. Governance is about taking tough, even unpopular, decisions.” — Jairam Ramesh

An important step in startups is the establishment of corporate governance bodies such as a Board of Directors. However, not everything is rosy. Let’s remember the case of Twitter where two well-known Venture Capital investors who initially invested in Twitter such as Fred Wilson of Union Square Ventures and Bijan Sabet of Spark Capital resigned from the Board of Directors as other members…


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“The film industry is committed to working with the technology sector to find innovative new ways to deliver entertainment to consumers.”- Dan Glickman (US politician, lawyer, lobbyist and non-profit leader).

The VC ecosystem is like the creation of a movie. It starts when the screenwriter generates a new story, but to bring it to the big screen he needs allies to collaborate on this project. The first thing he does is to get together with the director of the film, both create the story and define the script. They are the creative part. …


“VCs like acquisitions as much as IPOs because the acquiring companies often can rationalize paying large multiples over the current valuation of the startup.” — Steve Blank, Silicon Valley veteran

In the last 20 years Google, a company founded in September 1998, has acquired approximately 243 companies (12 per year) in more than 18 countries in more than 17 different sectors. Among Google’s main acquisitions are YouTube (for USD$1.7bn in October 2006), Fitbit (for USD$2.1bn in January 2021), Waze (for USD$1bn in June 2013), Zagat (for USD$150mm in September 2011) and Motorola (USD$12.5bn in August 2011). The company currently has…


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In 2010, Yogome was founded in Mexico, the company was an educational startup whose objective was to use games to encourage learning in young people through mobile devices. The startup raised approximately USD$37mm of funds from VC such as Exceed Capital, Seaya Ventures, Cometa (formerly Variv), Endeavor Catalyst and 500 Startups. Only USD$27mm in its Series B in March 2018. However, in September 2018 a fraud was revealed within the company that resulted in its liquidation. …


“The major winners will be financial services companies that embrace technology.” — Alexander Peh, PayPal and Braintree

In recent years, technology has revolutionized the financial market, creating financial technology (Fintech). Fintech global market is valued at approximately $130bn, the most aggressive projections Expect it to grow to more than $300bn by the year 2022, some others expect to reach that figure in the year 2026. Only in 2020 more than 2,000 private equity transactions worth $45.1bn took place worldwide and $280bn in 970 M&A transactions. (FT Research Partners)

The banking and lending category was the one with more private funding…


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“An IPO is like a negotiated transaction — the seller chooses when to come public — and it’s unlikely to be a time that’s favourable to you.” — Warren Buffett

The first modern IPO occurred in March 1602, the Dutch East India Company, a merchant company that marketed between Europe and Asia from spices to slaves. It issued bonds and shares to the public on the Amsterdam Stock Exchange, which could be traded from hand to hand.

From that time until now thousands of companies have taken this route as a way to raise capital to continue their growth and…


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“Diversification of risk matters not just defensively, but because it maximizes returns as well, because we expose ourselves to all of the opportunities that there may be out there.” — Peter Bernstein

Y Combinator is one of the most famous accelerators in the world, some of the companies that have gone through its program are Airbnb, Doordash, Stripe, Instacart, Coinbase and GitLab. Y Combinator invests USD$125k for a 7% stake in these companies using a post-money cap SAFE (Simple Agreement for Future Equity) which results in an implicit valuation of USD$1.8mm. After the YC Demo Day, startups close rounds or…


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“I don’t think the objective of investment should ever be to take a risk in order to get a return. I think the objective of shrewd investment should be to find opportunities which offer a larger return than the average, combined with adequate safety.” — Benjamin Graham

Venture Capital funds like Sequoia Capital follow a strategic investment criterion while evaluating each of the investments in their portfolio. For example, Sequoia passed on the Doordash investmentin the company’s seed round in September 2012. However, later in May 2014 the firm led the Series A round of USD$17.3mm, which would be the…


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“No matter how brilliant your mind or strategy, if you’re playing a solo game, you’ll always lose out to a team.” — Reid Hoffman, Co-Founder of LinkedIn

Elon Musk is one of the richest men in the world, with a fortune of around $170 billio. During his professsional life, he has Co-founded companies such as Zip2 (1995), Paypal (1999), OpenAl (2015), Neuralink (2017) and independently founded SpaceX (2002) and The Boring Company (2016). Being a startup founder is a titanic task that involves many challenges and requires a lot of effort. …

ACV

ACV is an international Corporate Venture Capital (CVC) fund investing globally in Startups & VC funds.

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