XP Inc.

product on 4 shows · 5 statements across 4 episodes · said 9 times in 4 episodes since 2021

20VC 4 Capital Allocators 3 Invest Like the Best 2 Lenny's Podcast

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20VC 4Capital Allocators 3Invest Like the Best 2

every mention on every show, scene by scene, with the transcript →

5 statements about XP Inc., every show

INVEST LIKE THE BEST Assertion Partly supported
Escobari: General Atlantic invested in XP when 80,000 Brazilians owned stocks
“I invested in the number one investing platform in Brazil when there were only 80,000 people that own stocks in Brazil and now ten million people own stocks... XP. It's publicly traded, ten billion dollar market cap. I invested when they were nothing.”
Martin Escobari Nov 25, 2025 ▶ 42:48 Inside General Atlantic: How a $100B Growth Equity Firm Invests · Invest Like The Best
LENNY'S PODCAST Assertion Not checkable as stated
Duolingo tested in-lesson XP counters and the experiment statistically won
“And we decided, hey, let's add XP in there. And so let's show your XP ticking up as you're going, you know, through a lesson. That's going to make the user feel good. It's going to give, you know, show you what you've earned. You're gonna be less likely to qui…”
Jackson Shuttleworth Dec 15, 2024 ▶ 39:13 Behind the product: Duolingo streaks | Jackson Shuttleworth (Group PM, Retention Team)
20VC Assertion Supported
Escobari: XP market cap grew from $300M to $20B in Brazil
“The same theme in Brazil 12 years ago, a company you should meet, XP, Market cap went up from three hundred million to twenty billion, doing the exact same thing E-Trade did, except in a market where the banks were at 99% and now are at 82 and dropping.”
Martin Escobari Nov 11, 2022 ▶ 37:25 Martin Escobari: How to Invest During a Recession; Negotiation Tips; Developing Markets | 20VC #948 · 20VC with Harry Stebbings
20VC Disclosure
Escobari almost spent $500M on an Argentine acquisition before pulling out
“I almost spent five hundred million dollars on buying a company in Argentina, and then the day bids were due, I woke up and said, what the hell am I doing? And I'm glad we didn't buy it because the country went where it went.”
Martin Escobari Nov 11, 2022 ▶ 48:28 Martin Escobari: How to Invest During a Recession; Negotiation Tips; Developing Markets | 20VC #948 · 20VC with Harry Stebbings
CAPITAL ALLOCATORS Assertion Supported
XP Trades at 20x Earnings While Growing Earnings 30% to 35%
“And XP is growing with a better product, a more sophisticated offering, and the stock trades at 20 times earnings, which is a bargain, growing earnings at 30, 35%.”
Florian Bartunek Jan 20, 2022 ▶ 35:09 Florian Bartunek – Equities in Brazil at Constellation Asset Management (Manager Meetings, EP.27)

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