
Carlos Torres: AMG Block
In this episode, Joel Palathinkal and Carlos Torres explore the venture capital scene in Mexico and Latin America. Carlos discusses his path into VC and founding AMG Block, emphasizing its global reach. They cover the shift from the ICO boom to a traditional VC fund, fundraising strategies, and the LP ecosystem. Topics include tax considerations, emerging vs. established managers, and shared challenges. Carlos offers insights on deal flow, key sectors in Mexican FinTech, and AMG's focus on NFTs, collectibles, and DeFi. The episode wraps up with advice for new fund managers and the importance of in-person LP interactions in Latin American finance.
Key Points
- The venture landscape in Mexico and Latin America is still in its developmental stages, with significantly fewer venture capital funds compared to the United States.
- Emerging markets like Mexico present unique opportunities for fintech innovations, particularly in areas such as payments, lending, and wealth management, due to structural inefficiencies in traditional financial systems.
- Building trust with LPs and maintaining consistent communication through updates is crucial for fund managers, especially when targeting international investors unfamiliar with the local market dynamics.
Chapters
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0:29 | |
1:35 | |
3:32 | |
6:57 | |
10:23 | |
12:36 | |
15:46 | |
17:20 | |
22:16 | |
26:50 | |
31:13 | |
38:18 | |
46:22 | |
50:52 | |
57:18 |
Transcript
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