Science and Tech

Silicon Valley Bank bankruptcy opens opportunities for Latino startups

Silicon Valley Bank bankruptcy opens opportunities for Latino startups

The idea that the region is risky due to a history of depreciations and social and political instability could be enough to scare away investors, Franck added, however, it is precisely this baggage of experiences that puts Latin America in a good position. to face difficult periods.

Proof of this, for example, are the three stages of success that Latin American entrepreneurship has gone through in adverse times: the first occurred in Argentina, which saw the birth of Mercado Libre and Globant; the second, in Brazil, whose companies grew despite a recession; and, now, the third wave is experienced in Mexico with startups that seek to take advantage of the advantages that nearshoring represents for the country.

However, not everyone shares the optimistic mood. Philipp Haugwitz, partner of the McKinsey consultancy in Mexico, mentioned that after the bankruptcy of the SVB a barrier could be raised to access to capital by startups, so entrepreneurs will have to adjust to this new reality.

The keys to survive in a complex moment

At SoftBank, Franck pointed out, investments in technology companies are made based on the credibility of their possible consolidation in the future, so the pillars that make them attractive to venture capital have not changed. The first of these elements is the talent of its founders and their passion for solving problems.

Haugwitz stressed that those companies that find opportunities in issues that have not been resolved, many of which are in the relationship between businesses (B2B), such as service management and software solutions, are valuable.



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