Bicycle Capital

“We had a third partner. And we, we're only two partners. And we were three when we started, and it was those hard discussions that made us be two.”

“It's a Mubarala, who, Mubarala wanted to make a bet in Latin America, and we've known Mubarala for a while, both you and myself, and then we called five other LPs. We made five phone calls, and the five of them said yes, and it was my family office, so we real…”

“We want a small portfolio in the first fund. We want it to be personal with every single company. We'll only invest in companies that are excited to have us as investors. We're not fighting to get into rounds. If they don't want us, it's okay. We don't have to…”

“And in places like Latin America, where the opportunity is the middle of the pyramid, the bottom of the pyramid, nothing represents that better than a bicycle.”

“Growth is different from early stage. Not every investment has to have the potential to be a fund returner. You could have every investment have the potential to be somewhere between two and four X in growth, and that's great. So if you speak to LPs, the expos…”

“So we have a very deep alliance with Sequoia China, and we'll say more Sequoia China, with Neil Shen.”

“Yeah, that's 95% of our investments. There's a five percent where price doesn't matter, and those you cannot afford to make a mistake.”