Marcos Galperin focuses most of his learning time on crypto and DeFi
Marcos Galperin · 20VC: MercadoLibre Founder Marcos Galperin on Optimising Decision-Making, Effective Resource Allocation, Growth vs Profitability, Fundraising Strategies and more on the Journey To Build a $72Bn Market Cap Company · May 7, 2021 · at 28:26
Marcos Galperin is the founder and CEO of MercadoLibre. He discusses his current research interests during a segment on reading habits.
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“So right now, if you ask me, I'm spending most of my time learning about crypto and DeFi than anything else.”
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More from Marcos Galperin
eBay agreed to acquire all of MercadoLibre before walking away
“Later on, at a much higher valuation, we did agree To sell. This was with eBay. At the time, eBay was a 20% owner of Mercado Libre, and they wanted to acquire the remaining 80%. And then, after we had agreed, they decided to walk away, which was pretty traumat…”
MercadoLibre grew 30-40% annually for 20 years without a hockey stick
“We never had that hockey stick growth moment until maybe now with COVID. But we were always growing at 30 to 40% for 20 years, but we never grew 700% from one year to the next.”
MercadoLibre rejected a $230M buyout offer on $6M revenue in 2001
“The first one was in 2001. I think we had like six million dollars of revenues, and we declined an offer for two hundred and thirty million dollars, which valuation was probably an incredibly rich offer.”
In the early 2000s, eBay's media category surpassed Amazon's total GMV
“I think eBay's media category was bigger than Amazon's GMV. So eBay was really in those days like Amazon plus Google.”
Marcos Galperin expects to step down as MercadoLibre CEO within five years
“So I was saying earlier, I think the next five years and the chapter of success for me would entail maybe transitioning out of my role to, I don't know, to a chairman role or something like that, and being able to see Mercado Libre with the same entrepreneuria…”