1. The importance of teams. Once again this is proof that it’s all about execution. Team is the name of the game. The Kavak team and their execution has been impeccable and this has paid off.
  2. What didn’t work in the United States does not mean it won’t work in Latin America. We have different countries with different geographies and cultures. We have to analyze the opportunities as such.
  3. The past is not always a great dictator in the future. Past results are context dependent. The same action under different conditions may cause different consequences
  4. We, as General Partners, wanted to invest in Kavak, we got carried away by external advisors. We should trust our gut, trust our analysis and make decisions based on their own merits.
  5. After a failure, we often become overly pessimistic and risk adverse, even in cases where the failure was merely a result of bad luck or bad management.
  6. Mexico, even in these turbulent times, is very capable of producing tech unicorns. I am sure that this is the first of many.

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a Mexican VC

a Mexican VC

Alejandro Diez Barroso. General Partner @ DILA Capital, a venture capital firm focused on Latin American and Hispanic startups.