#60 Angel Ventures: Lessons learned from managing +US $120M

In this episode of Startuplinks, Raymundo Díaz interviews Hernán Fernández, Managing Partner of Angel Ventures, who shares the fascinating story of how Angel Ventures was founded in 2008 as Mexico’s first angel investor network and evolved into a successful venture capital fund. Hernán highlights the importance of supporting motivated entrepreneurs who challenge the status quo, and how venture capital can help improve the value proposition in the market. Throughout the conversation, they discuss the challenges facing the industry in Mexico, such as the scarcity of capital and the need to educate investors about the potential of startups.

The conversation also focuses on the sectors Angel Ventures is investing in, including fintech, logistics, e-commerce, and agtech. They also discuss key markets in Latin America, such as Mexico, Chile, Colombia, and Peru, as well as the specific challenges investment funds face in Mexico.

Key topics covered in this episode:

• Angel Ventures’ history: Its founding and evolution from 2008 into a successful fund.
• Supporting entrepreneurs: The importance of investing in those who challenge the status quo.
• Ecosystem challenges: A lack of capital and the need to educate investors.
• Investment sectors: A focus on fintech, logistics, e-commerce, agtech, and more.
• Building networks: Creating a new network of investors in Latin America.
• Regional opportunities: Key markets such as Mexico, Chile, Colombia, and Peru.
• Pacific Alliance: Its importance for investment among member countries.
• Long-term investment: Promoting venture capital among pension funds.
• Investment cycles: An analysis of opportunities in different regions.
• Personal reflections: Regrets about investments not made and advice for young entrepreneurs.