Bilbao: Raising a VC fund is much harder than raising for a startup
Andres Bilbao · He took on Uber & grew Rappi to $5B—here’s why the craziest founders often win. | Andres Bilbao, ... · PMF Show · Sep 16, 2024 · at 43:57
Andres Bilbao (co-founder of Rappi) discusses psychological barriers in fundraising and compares the difficulty of raising VC funds versus startup rounds.
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“It's like a lot harder than raising for a startup. But dude, I'm pretty sure that your average VC raising a fund will have this mental limits and they'll think that, I don't know, BlackRock would never invest in them or that the Saudis would never invest in them.”
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More from Andres Bilbao
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“In Latam, as a founder, I feel that if you want to raise like giant funds,
You have to come across as an American or American Mitch.
You know what I mean?
Like somehow us educated, there's this need to feel very American.
Otherwise I don't think that you race.”
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