500 Startups LatAm – Batch 9 Applications

500 Startups LatAm has an application process open for its next batch. Founders can apply here by May 20th.  The program invests $60,000 in startups that go through a 16-week program designed to drive startup growth and make connections to top investors. Continue reading “500 Startups LatAm – Batch 9 Applications”

Startup Metrics – Revenue

Revenue should be a straightforward metric. Unfortunately, it’s not. It often takes unnecessary time away from a fundraising pitch to understand how a startup makes money. Being vague on numbers and sharing confusing or, wrong metrics, is an easy way to get investors to tune out. Instead, build trust by using the right metrics. Continue reading “Startup Metrics – Revenue”

Startup investor pitfalls

I recently spoke to Fernando Langschwager about his startup, Aprendiendo.la.  After a short time, he looked at me and told me I was asking the wrong questions. For novice startup investors like me, it is easy to fall into the trap of evaluating startups from the wrong perspective.  I spent the rest of the chat with Fernando listening to his views on where I was getting off track and he helped me come up with three pitfalls startup investors fall into: Continue reading “Startup investor pitfalls”

Valuation Benchmarks

Comparable transactions are a great benchmark for founders and investors and one way to get comfortable with a startup’s valuation as it is raising capital. There are many ways arrive at valuation and a range of values using multiple methodologies often provides more comfort than a fixed number extended out to various decimal places. Continue reading “Valuation Benchmarks”

Service providers for startups

Startups are often looking for expert opinions on legal matters, technology and capital raising. PECAP has published a helpful list here: Directory of startup service providers in Lima. The list has contact information for some companies that have worked with startups before and have good references. Continue reading “Service providers for startups”

Startup Metrics – GMV

Startups que han logrado tracción de usuarios y ingresos pueden empezar a hacer un seguimiento de sus KPIs (key performance metrics) y KFIs (key financial metrics). Founders escogen las métricas que son las mas relevantes para su startup. Las métricas pueden variar de una startup a otra y para la misma startup durante su trayectoria.  Founders deben compartir esas métricas claves con sus equipos e inversionistas. Continue reading “Startup Metrics – GMV”

Lima’s startup ecosystem

I really enjoyed reading this recent article on Lima’s startup ecosystem. It is a comprehensive take on the progress and status of our startup community. I like how it highlights the role of various actors: WAYRA, Startup Peru, PECAP, all working together and each contributing in their own way. I also like how it correctly identifies serial entrepreneurs as a key driver of the ecosystem. Continue reading “Lima’s startup ecosystem”

Foro Xcala (Lima, Peru)

Esta semana en Lima la Universidad del Pacifico va a ser host al Foro Xcala el evento anual en Latinoamerica sobre inversión ángel. En nuestro ecosistema en Lima la inversión ángel es un actor cada vez mas importante, ya que tenemos muy buenos emprendedores abriendo rondas de capital semilla. Aún tenemos mucho por aprender y hacer para sofisticarnos y invertir de una forma prudente. El apoyo de organizaciones como Xcala ha sido clave en el desarrollo de redes de inversión ángel en Lima. En el sitio web PECAP, pueden encontrar algunos de las redes activas en Lima. Espero que puedan asistir el foro y nos vemos ahí.