Brian Requarth outlines the planned check sizes and equity stakes for Latitud's rolling fund investments in Latin American startups.
0:00 / 0:13exact quote · 13.7s
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“We're gonna start investing in some of these companies probably in the second half of the year. We'll, we'll start formalizing our investment for specific terms taking around a three to 10% equity in these companies and investing between 50 to 250,000.”
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More from Brian Requarth
AssertionNot checkable as stated
Viva Real became the market leader despite being the most underfunded
“We were the most underfunded out of the, out of everybody, but we ended up becoming the market leader.”
Brian RequarthFeb 12, 2021▶ 3:29He Exited for $600m, Started with 40%, Now Building YC and AngelList for Latin America
AssertionSupported
Latin America's aggregate GDP is twice as large as India's
“If you take the aggregate of the region, it's an enormous, you know, it's twice as large as India when you look at the GDP.”
Brian RequarthFeb 12, 2021▶ 13:13He Exited for $600m, Started with 40%, Now Building YC and AngelList for Latin America
AssertionPartly supported
Viva Real reached 7M Brazil property listings and 35K advertisers
“Initially it was just a classifieds model. So we had, you know, advertisers, we had, you know, seven million properties across Brazil and, you know, about 35,000 real estate companies that advertised.”
Brian RequarthFeb 12, 2021▶ 2:31He Exited for $600m, Started with 40%, Now Building YC and AngelList for Latin America
AssertionPartly supported
Viva Real sold for $600M in an all-cash transaction in 2020
“We sold the company for six hundred million dollars all cash. It was approved by the antitrust authorities in November of 2020 six month kind of review process. And yeah, all, all shareholders are now cash.”
Brian RequarthFeb 12, 2021▶ 4:05He Exited for $600m, Started with 40%, Now Building YC and AngelList for Latin America
AssertionNot checkable as stated
Requarth owned much less than 30% of Viva Real at its exit
“I didn't own 30, 40% of the business. I wish I did.”
Brian RequarthFeb 12, 2021▶ 7:54He Exited for $600m, Started with 40%, Now Building YC and AngelList for Latin America
Disclosure
Latitud accepts only successful LatAm founders and top global GPs as LPs
“Just getting our first LP commitments from only LPs are founders that have built big business in Latin America or GPs of top funds in, you know, in the U S or globally.”
Brian RequarthFeb 12, 2021▶ 9:59He Exited for $600m, Started with 40%, Now Building YC and AngelList for Latin America
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