Sao Paulo

2 statements across 2 episodes · 0 bullish · 0 bearish · 2 people on the record · first statement Mar 18, 2021 by Simon Borrero · across every show →

Everything said about Sao Paulo, oldest first

Mar 18, 2021
Insight
Borrero: Delivery apps rely on hyper-local density over citywide coverage
“Because this business has hyper-local network effects. You need to make a specific user fall in love with your service, so that specific user in a specific neighborhood in Bogota or in Sao Paulo, she or he gives a shit if you have a 100,000 restaurants in othe…”
Simon Borrero Mar 18, 2021 ▶ 4:43 20VC: Rappi Founder Simón Borrero on Growth vs Profitability, Capital Efficiency, Raising $1.7Bn as a LATAM Company and Why Uber Eats Did More To Help Than To Hurt Rappi
Sep 11, 2023 neutral
Disclosure
Velez: Nubank's first São Paulo office cost $500 monthly for 20 people
“We started the business in a very small house in Sao Paulo. We paid, I remember the partner of Sequoia, Michael Abramson was there. His mind was blown when I told him we paid 500 dollars per month in rent, and we had 20 people working out of the house.”
David Vélez Sep 11, 2023 ▶ 25:20 David Velez: How AI Changes The Future of Finance | E1059 · 20VC with Harry Stebbings
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