Kaszek Backed Nubank's Seed Round When It Was Just a Deck
Nicolas Szekasy · 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 · at 13:15
Nicolas Szekasy, Co-Founder of Kaszek Ventures, describes participating in David Vélez's Nubank seed round and subsequent rounds until running out of Fund I reserves.
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“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 and the D, but we ran out of reserves, of course.”
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