E27: Fernando Pontaza of Invariantes on Why 25% IRR is the Gold Standard in Venture

Fernando Pontaza, Co-Founder of Invariantes sits down with David Weisburd to discuss setting up the first Guatemalan Venture Capital Fund and why he targets a 25% IRR.

We’re proudly sponsored by Bidav Insurance Group, visit lux-str.com if you’re ready to level up your insurance plans.

(0:00) Introduction to Fernando Pontaza and venture capital in Guatemala (2:47) Development of the Guatemalan VC ecosystem and success stories (4:35) Hybrid investment models and convincing conservative investors (8:35) Sponsor: Bidav Insurance Group (9:28) Balancing IRR with consistent returns and emerging manager selection (14:34) Investing in emerging managers and anchor LP benefits (18:11) Diligence in co-investments and non-core competencies (21:36) Brand influence on investments and GP/LP relationship best practices (24:48) LPAC roles and best practices (25:28) Venture capital perspectives and strategies in Latin America (29:21) Diversification importance and LP success stories in venture capital (33:50) Closing remarks from Fernando Pontaza and outro