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Kaszek Ventures

also referred to as: kaszek

16 statements across 2 episodes · 6 bullish · 4 bearish · 2 people on the record · first statement Aug 16, 2021 by Nicolas Szekasy · said 37 times in 9 episodes since 2021 · across every show →

Mentions by year

brought up most by Harry Stebbings (29), Alex Rampell (3), Bill Cillufo (2), Nicolas Szekasy (1), Marcelo Claure (1), David Vélez (1)

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024202120222023202420252026episodes it came up in
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2026 3 mentions in 1 episode
2023 1 mention in 1 episode
2022 6 mentions in 3 episodes 2 per episode
2021 27 mentions in 4 episodes 7 per episode

every mention, scene by scene, with the transcript →

Everything said about Kaszek Ventures, oldest first

Aug 16, 2021 negative
Insight
Szekasy: Local network edges make cross-border VC investing ineffective in distant markets
“We believe that the fact that we have been around for 20 years gives us an edge on many dimensions, where one degree of separation from anything that a founder might need might argue that we could not be successful VCs in Indonesia, for example.”
Nicolas Szekasy Aug 16, 2021 ▶ 21:44 20VC LATAM: LATAM's Largest Fund, Kaszek Ventures on Scaling from $100M to $1BN, Why Capital is not a Source of Moat & Why LATAM is More Than Copycat Companies with Nicolas Szekasy, Co-Founder @ Kaszek Ventures
Aug 16, 2021
Prediction Not checkable as stated
Szekasy: Kaszek will miss more deals as Latin America market deepens
“Interestingly, during this first decade, we didn't have a lot of misses. We know that in the second decade, we will have many more, because the market now is much Deeper.”
Nicolas Szekasy Aug 16, 2021 ▶ 26:56 20VC LATAM: LATAM's Largest Fund, Kaszek Ventures on Scaling from $100M to $1BN, Why Capital is not a Source of Moat & Why LATAM is More Than Copycat Companies with Nicolas Szekasy, Co-Founder @ Kaszek Ventures
Aug 16, 2021 positive
Disclosure
Kaszek led NotCo's Series A when it had seven employees
“And here we participated out of our opportunity fund as well. We had invested in the company. It had like a small kitchen with seven employees in Chile several years ago when we led the Series A. So excited that we managed to invest in several rounds out of ou…”
Nicolas Szekasy Aug 16, 2021 ▶ 34:59 20VC LATAM: LATAM's Largest Fund, Kaszek Ventures on Scaling from $100M to $1BN, Why Capital is not a Source of Moat & Why LATAM is More Than Copycat Companies with Nicolas Szekasy, Co-Founder @ Kaszek Ventures
Aug 16, 2021
Insight
Szekasy: Kaszek only invests in startups that can return the entire fund
“And every investment, the bar is that it will become a fund maker. So if we don't think that it has the potential of becoming a fund maker, we would not do an investment.”
Nicolas Szekasy Aug 16, 2021 ▶ 12:51 20VC LATAM: LATAM's Largest Fund, Kaszek Ventures on Scaling from $100M to $1BN, Why Capital is not a Source of Moat & Why LATAM is More Than Copycat Companies with Nicolas Szekasy, Co-Founder @ Kaszek Ventures
Aug 16, 2021
Insight
Kaszek sets a 5x minimum return threshold for its Opportunity Fund
“And the criteria is that at a minimum, the return will be five X from the point at which we invest, hopefully 10 X from the point at which we invest.”
Nicolas Szekasy Aug 16, 2021 ▶ 13:58 20VC LATAM: LATAM's Largest Fund, Kaszek Ventures on Scaling from $100M to $1BN, Why Capital is not a Source of Moat & Why LATAM is More Than Copycat Companies with Nicolas Szekasy, Co-Founder @ Kaszek Ventures
Aug 16, 2021 negative
Disclosure
Kaszek Ventures Refuses to Back Startups Using Capital as a Moat
“We don't back businesses that claim that they have capital as a source of moat. We don't believe in that.”
Nicolas Szekasy Aug 16, 2021 ▶ 6:26 20VC LATAM: LATAM's Largest Fund, Kaszek Ventures on Scaling from $100M to $1BN, Why Capital is not a Source of Moat & Why LATAM is More Than Copycat Companies with Nicolas Szekasy, Co-Founder @ Kaszek Ventures
Aug 16, 2021 neutral
Prediction Held up
Szekasy: Kaszek Will Keep Core Early-Stage Fund Size Capped
“We are fully convinced that we are first and foremost an early stage investor, and for that there's a certain size of fund that has a limit to ensure that you stay very effective and you continue to produce outsized returns. So that will not change, and maybe …”
Nicolas Szekasy Aug 16, 2021 ▶ 28:54 20VC LATAM: LATAM's Largest Fund, Kaszek Ventures on Scaling from $100M to $1BN, Why Capital is not a Source of Moat & Why LATAM is More Than Copycat Companies with Nicolas Szekasy, Co-Founder @ Kaszek Ventures
Aug 16, 2021 bullish
Prediction Didn’t hold up
Multiple Kaszek Portfolio Companies Will IPO in the US by 2023
“When you look at our portfolio, there are many companies that have IPO in their sites over the next 24 months. So there will be many more coming in the U.S.,”
Nicolas Szekasy Aug 16, 2021 ▶ 21:09 20VC LATAM: LATAM's Largest Fund, Kaszek Ventures on Scaling from $100M to $1BN, Why Capital is not a Source of Moat & Why LATAM is More Than Copycat Companies with Nicolas Szekasy, Co-Founder @ Kaszek Ventures
Aug 16, 2021 bullish
Disclosure
Kaszek Backed Nubank's Seed Round When It Was Just a Deck
“In Nubank, we invested in the seed investment together with Sequoia, so it was a PowerPoint really early on, David Velez by himself, and that's when we joined, and then we participated out of the fund one in several rounds in the series A and the B and the C a…”
Nicolas Szekasy Aug 16, 2021 ▶ 13:15 20VC LATAM: LATAM's Largest Fund, Kaszek Ventures on Scaling from $100M to $1BN, Why Capital is not a Source of Moat & Why LATAM is More Than Copycat Companies with Nicolas Szekasy, Co-Founder @ Kaszek Ventures
Aug 16, 2021
Disclosure
Kaszek Ventures evaluates ~200 companies for every deal closed
“By the way, we talk to something like 200 companies for everyone that we invest in, so we spend a lot of time talking to everyone in the ecosystem.”
Nicolas Szekasy Aug 16, 2021 ▶ 22:24 20VC LATAM: LATAM's Largest Fund, Kaszek Ventures on Scaling from $100M to $1BN, Why Capital is not a Source of Moat & Why LATAM is More Than Copycat Companies with Nicolas Szekasy, Co-Founder @ Kaszek Ventures
Aug 16, 2021 negative
Disclosure
Out-of-Touch MercadoLibre Board Members Inspired the Founding of Kaszek
“Part of us being motivated to start Kasek with Hernan was that we had board members at Mercado Libre who were members of the banks or these financial institutions, and they were really great guys and really smart guys and well-intended, but they had no idea of…”
Nicolas Szekasy Aug 16, 2021 ▶ 24:44 20VC LATAM: LATAM's Largest Fund, Kaszek Ventures on Scaling from $100M to $1BN, Why Capital is not a Source of Moat & Why LATAM is More Than Copycat Companies with Nicolas Szekasy, Co-Founder @ Kaszek Ventures
Aug 16, 2021 negative
Disclosure
Kaszek Missed dLocal's IPO After Passing on Its Early Business Model
“If I had to name one company, it would be the local. They just IPO'd. We met the team many years ago. We really liked the team, so not only we referenced them, but we got to know them, and we thought they were of the highest caliber, but their initial approach…”
Nicolas Szekasy Aug 16, 2021 ▶ 27:06 20VC LATAM: LATAM's Largest Fund, Kaszek Ventures on Scaling from $100M to $1BN, Why Capital is not a Source of Moat & Why LATAM is More Than Copycat Companies with Nicolas Szekasy, Co-Founder @ Kaszek Ventures
Aug 16, 2021 positive
Disclosure
Kaszek avoided crypto until investing in Bitso in 2020
“We stayed for years on the sidelines on crypto, and we made it in 2020, and this is a company that we were disciplined, and we kept on following for years despite that prior rounds we had passed, and then after our first investment a few weeks ago, we doubled …”
Nicolas Szekasy Aug 16, 2021 ▶ 34:21 20VC LATAM: LATAM's Largest Fund, Kaszek Ventures on Scaling from $100M to $1BN, Why Capital is not a Source of Moat & Why LATAM is More Than Copycat Companies with Nicolas Szekasy, Co-Founder @ Kaszek Ventures
Aug 16, 2021
Disclosure
Kaszek Ventures conducts up to 20 reference checks per founder
“On our decision process, we do a lot of reference check calls. Maybe we do 20 for a founder.”
Nicolas Szekasy Aug 16, 2021 ▶ 22:18 20VC LATAM: LATAM's Largest Fund, Kaszek Ventures on Scaling from $100M to $1BN, Why Capital is not a Source of Moat & Why LATAM is More Than Copycat Companies with Nicolas Szekasy, Co-Founder @ Kaszek Ventures
Aug 16, 2021 positive
Disclosure
Szekasy: Kaszek raised $1B across early-stage and opportunity funds in 2021
“This year we raised a billion between our early stage and our opportunity vehicles.”
Nicolas Szekasy Aug 16, 2021 ▶ 10:31 20VC LATAM: LATAM's Largest Fund, Kaszek Ventures on Scaling from $100M to $1BN, Why Capital is not a Source of Moat & Why LATAM is More Than Copycat Companies with Nicolas Szekasy, Co-Founder @ Kaszek Ventures
Sep 27, 2021 positive
Assertion Supported
JOKR has raised over $170M from GGV, Balderton, SoftBank, and Kaszek
“To date, Ralph has raised over a hundred and seventy million dollars for the company, from the likes of GGV, Balderton, Soft SoftBank and Kazak, to name a few.”
Harry Stebbings Sep 27, 2021 ▶ 0:24 20VC: The Rise of Quick Commerce and Why CPGs ARe Misaligned Being Powered By Ad Spend, The 5 Core Components Consumers Care About When Ordering Today & Why Amazon and Alibaba Will Not Be The Big Players in 10 Years with Ralf Wenzel, Founder & CEO @ JOKR
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