Mexico

“By the way, it is so bad that right now if we have new companies going for GPUs, it's often in Mexico or Australia or in other country just because it is so difficult in the United States.”

“And so we will follow them into Mexico. Okay. And try to lead them in Canada. We have merchants on both sides of the border processing. Same transaction, same businesses, slight different regulation. So Mexico's next. And then Europe.”

“And usually in, in Mexico and in some emerging markets, it'll get like two months or more to get a car loan approved. We usually approve it in under three minutes which is like pretty cool because we have all this data around the customer and the car.”

“We had about nine million that was pulled out of our bank account that we had no line of sight to. And that was for two reasons. One, the normal tariffs, but then also Trump removed in the middle of the night, this three, two, one de minimis rule, which you co…”

“In Carrier we have predominantly a program called Content Hubs. So we have India, Mexico, and China under those under under this program, these three GCCs. Important locations, strategic locations and we want to make sure that These GCCs are not competing with…”

“We made sure that Mexico will be our center, which will be driving the digital transformation for factories and ERP systems and, you know, associated technologies.”

“China is definitely you know very, very strong on adoption of emerging tech infrastructure is great. Mexico again very, very rock solid in understanding of the entire digitalization, IoT side, right? Very, very strong.”

“And for the last two years, Mexico's has been the single largest destination of Chinese exports.”

“So, for example, that same seagull that sold in China at 10,000 dollars, let's call it, sells in Mexico for 20,000 dollars.”

“So like, let's go to Mexico and Brazil and Japan and Idaho, where we have these inbound customers that, that need cloud seeding and that want cloud seeding.”

“One of the things in Arizona that I'm doing is I'm leaning heavily into making sure that we're having sort of an international presence as well. So we have a lot of partnerships with different groups, especially, you know, of course we are a border state, so w…”

“In some ways, you know, I think the cars that come out of the American cars that come out of Mexico are better than kind of the kind of Chinese manufacturing on, on many fronts.”

“Because of the advice we got from this consulting firm, we offshored customer support of Ovador to Mexico.”

“The transformers are generally made these days in, like, China, India, and Mexico. Very few of them are actually made in the US.”

“The value of Jeeves is better the more countries we cover, because even for that company in Mexico, now we cover Spain, big corridor Spain to Mexico. We cover that. We can give you a card in Spain. Your founder lives in UK. We can give him a card. Like, so it …”

“And even today, if you go to the Mexican airport, you'll see our ads when you come in. And we've had that for five years, and it is, well, incredibly cost effective.”

“And so SMS in Mexico Mexico, Latin America is not very strong. WhatsApp is definitely the go-to.”

“In the Philippines, or in Mexico, or in Brazil, or in Japan, and other markets, or Australia, Korea, there are stablecoins coming”

“This is why you put a monoline private equity guy out there in Mexico who just knows how to do private equity that has no clue about currency forwards, currency options, currency swaps. You're gonna have a big problem.”

“What we're seeing a lot of is you add AI technology to American companies. They're now much more efficient. They don't need to outsource a lot of these more repetitive tasks. So I think the area that will be hit the hardest is probably abroad in places like In…”

“If you look at the rest of the world, you can buy Europe at 14 times earnings, you can buy Brazil at nine times earnings, you can buy Mexico at 10 times earnings.”

“On Christmas Eve this last year, the Mexican president blocked all imports. So like, hey, that's cool. Our warehouse is in Mexico, and on Christmas Eve all imports are blocked with no notice and no, there's no other thing you could do at the port.”

“If you look at around the world, from Indonesia, to Brazil, to other countries, you find, even Mexico and stuff, you find that the incumbent in general, the chance of the incumbent winning has now gone up by more than 50%.”

“Even in our office in Mexico, it's a different culture in the way they do business. They are not accustomed, at least their, at least the team, I can't speak for everybody in Mexico. Maybe there are companies that have a different sort of way of doing business…”

“Well, you have to import the goods and pay duties on the components, and then, ah, your product is now more expensive to produce, and if you instead produce that, those goods in Mexico that didn't have the tariffs on Chinese goods, you wouldn't, your cost woul…”

“What a lot of people don't realize is a huge percentage of the world's apparel, of the American apparel brands had set up fulfillment in Mexico and Canada. To do the same thing, only they would do ocean freight from wherever the goods are made, deliver to Mexi…”

“We did a focus group of teenagers in Mexico. And we asked them to bring their most treasured sports item. Their most treasured sports product. And so I was expecting soccer jerseys of their favorite team and the, you know, soccer ball or baseball bat from thei…”

“There's a lot of tariff washing, right? They're sending the stuff to Vietnam. It's getting completed Vietnam. It gets sent over. They're sending stuff, sending parts to Mexico. It's coming through NAFTA.”

“Our third most popular pesticide is called atrazine. Just to give an example, it's banned in the EU, banned in Mexico banned in Canada. Third most popular pesticide in the US.”

“That was 30% of all the big Shopify merchants were doing that.”

“In the history of Lime, it was, it would probably be San Diego. We were seeing actually like gangs of people coming into San Diego and then stealing the bikes and scooters and driving into Mexico. So it was hard for us to like police and react to it.”

“And there's supposedly one single gun store in the entire country, and it's on a military base.”

“You're just gonna end up exactly what we already have in the physical world, where basically, you'll just have laundering through Mexico, right? Where, like, all the Chinese internet companies will become Mexican internet companies that Chinese people have to …”

“We've been working on this now for about 18 months, doing a participating preferred equity investment in one of the leading infrastructure companies in Mexico.”

“I think that with what could happen with President Trump, I think that the things that he's focused on, which is figuring out how to curtail the migration and curtail the power of the cartels, I see that only as a net positive for Mexico over time. So I think …”

“Like every gum manufacturer went to Canada and Mexico because of the sugar tariff.”

“So we got a banking license in Mexico, a head of new bank.”

“Mexico's income per capita is now similar to what the US income per capita was in the 19 sixties. It is no longer accurate to call Mexico a third world country or a poor country. Almost no one there is poor. Food insecurity is an incredibly unlikely thing in M…”

“There's 30 something million in the U.S. Even more, like there's twelve million in Mexico. There's even more in Europe, like sixty million.”

“When we started that emerging markets fund the only markets were open at that time. Were Hong Kong, Philippines, Malaysia, Singapore Thailand, and Mexico. That was it. All the other, of course, that time, China was closed. Russia was closed. Most of Latin Amer…”

“Well, no, the strategy they now do is they're just moving it all to Mexico, right? And then using NAFTA to get it in.”

“For over decades, Gas flaring around the world is concentrated in nine countries. That's Russia, Iran, Iraq, the United States, Venezuela, Algeria, Libya, Nigeria, and Mexico. If we look at data for last year, these top nine countries were responsible for abou…”

“Mexico has banned some form of GMO crops. The United States government is intervening and threatening Mexico with economic sanctions. On behalf of Monsanto, ah, and the, you know.”

“Default, like, write-offs that we have done, it's 0.5% today. The industries, it's 12% in Mexico.”

“We track every single invoice on real-time due to the electronic invoicing being mandatory in Mexico, so we know the status of every invoice on real-time. So if they get paid by their customer and they don't pay us, that's considered fraud. So that's a crimina…”

“Factoring and manufacturing in Mexico, like, that's, I don't think that's a billion dollar business. He has to add on all these other pieces to make it a billion dollar business.”

“The financing gap in Mexico in the B to B market, it's one hundred and sixty four billion dollars.”

“Today there are 770,000 manufacturing companies just in Mexico. We only need 5000 to get to a hundred million dollars in annual recurring revenue to be a billion dollar company with the average revenue that we're generating today with our current users.”

“So if this does not taper off or level off, we will see record sea surface temperatures in the August to October timeframe, which will almost certainly push massive hurricane events out of the Atlantic, and they will find their way towards the continental U.S.…”

“Now there's, like, farmer's market fraud, because down here in San Diego, people will drive up from Mexico with, like, mono-cropped food and just pretend, like, it's a farmer's market.”

“There are been, for example, in Mexico, we've recorded an NPS when we launched the first couple of years of 9495. Right. So yeah, which is way better than we got in Brazil, but our NPS scores skew in the seventies, eighties, and occasionally nineties.”

“Totally agree that the supply chain issues are going to work themselves out. Like, we're seeing that already. We're seeing people get creative about where they're sourcing materials from. We're seeing new manufacturing being set up in Canada and Mexico nearby.”

“Nubank, for example, which is a business and a management team that we admire, building one of the most attractive digital banks, not just in Brazil, where it's a leader, but really when you're stack ranking it up globally, and they have a very disciplined fra…”

“The average hourly wage in Mexico is now cheaper than in China.”

“About 25, 30% of companies in the Nasdaq today didn't exist 23 or 30 years ago. If you look at Ivo Vest by Brazil and Mexico, there's still incumbents that existed a hundred years ago. So the opportunity for disruption, a lot of these markets exist today.”

“I think you run a little bit into more of the liquidity constraints where you see the businesses just building for Chile or building just for Colombia. Those tend to have much much harder exit opportunity. But when you really get Brazil and Mexico, you'll find…”

“When we go to these three countries, Brazil, Mexico, and Colombia, we go after big markets where we see a path to be Probably the largest financial institution in each one of these countries eventually, because we are the primary bank account and we become the…”

“The highest-rated-NPS consumer product in the world in any category is our purple, is Nubank's purple credit card in Mexico. It's a 94 NPS.”

“Yeah, it's 1200 dollars a month. It's a hundred dollars a month in Mexico, so the American health system is causing a 90% markup.”

“The currencies of Brazil and Mexico have been some of the best performing currencies in the world because the central banks hiked early.”