The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch 20VC: Why Market Size is Everything | Three Signs of a Bull Market and How To Remain Disciplined | Why Investing is a Young Person's Game | The Secret to Negotiation | Missing a $200M Opportunity in Nubank and more with Martín Escobari, Co-President @ Ge
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Nov 11, 2022 Martín Escobari, Co-President of General Atlantic, shares his remarkable journey from Bolivia to leading a top venture capital firm. He emphasizes that market size is the most critical factor for investment success, challenging common misconceptions about business models. Martín reflects on the lessons learned from market dynamics and the tech boom, while highlighting the importance of discipline in investing. He also discusses the evolving investment landscape in Latin America and the need for youthful energy in decision-making, ultimately advocating for inclusivity in investment strategies.
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From Bolivia to Harvard
- Martín Escobari, from a small Bolivian town, attended Harvard on a scholarship, becoming the first Bolivian in 354 years to do so.
- This opportunity transformed his life, inspiring him to help other entrepreneurs access similar opportunities.
Imposter Syndrome at Harvard
- Arriving at Harvard, Escobari initially felt overwhelmed and like the "dumbest" of his peers.
- After two weeks, he found someone at his level, easing his self-doubt and highlighting the importance of finding relatable peers in new environments.
Lessons from Operating
- Working as an operator teaches the difficulty of startup life and the importance of respecting managers.
- It also internalizes theoretical concepts like market growth and business model defensibility.
