Skip to content

Brazil at Silicon Valley · Collab Fund

June 7, 2023

Latin America remains to become a vivid landscape of technology, and also Brazil is promptly developing itself as the center.

Simon Rodriguez detailed this belief as “Ask any individual and also Brazil is X years in advance of Spanish-speaking LatAm, where X depends upon the race of the -responder”.

As BBVA records, “São Paulo’s business ecological community is valued at $108 billion. In contrast, Mexico City’s (the second-largest in Latin America) is valued at $22 billion.”

Additionally, São Paulo holds the fourth location in the International Fintech position. In an area where “cash money is king,” Brazil is leading the cost in the direction of electronic settlements. Brazil’s Reserve bank introduced the nation’s immediate repayment system pics in 2020, which currently flaunts greater than 130m signed up customers (60% of Brazil’s populace).

To check out Brazil’s technical development, pupils from Stanford and also Berkeley hold an unbelievable yearly occasion called Brazil at Silicon Valley (BSV).

As the name recommends, the objective is to link the void in between Brazil and also Silicon Valley. This year, BSV was participated in by a varied group of over 600 creators, capitalists, engineers, and also policymakers. My informal price quote is that at the very least 550 participants took on the lengthy trip from Brazil — a minimum of 2 trips covering at the very least 15 hrs.

Allow’s simply claim that my portuñol can be found in convenient.

Throughout the Agtech session: Exactly how developments in food systems can aid fix the environment situation, a BSV personnel utilized a voice-to-text feature to create the Chat-GPT recap mins after the session mored than. Normally, the recap was sent out about using Whatsapp.

This year’s BSV brightened a number of vital financial investment motifs:

Verticalized Software Application + Fintech: There are limitless possibilities to develop and also scale neighborhood software program remedies. Brazil has actually taken advantage of encouraging plans and also the duty of its Reserve bank in carrying out the electronic repayment system pics. Angela Strange, a Companion at a16z, stressed her sight that every firm will certainly be a fintech firm, as monetary solutions will certainly be a straight system. She pointed out Fudo*, Uber, Lyft*, to name a few as notable instances. We additionally assume Kanastra* is a fantastic instance of an interesting fintech facilities play.

Agtech + Environment: Agriculture stands for virtually 30% of Brazil’s GDP, 40% of the nation’s exports, and also 20% of the manpower. Brazil is well-positioned to lead environment modification efforts, both in regards to technical technology and also adjusting existing farming techniques. Capitalists are trying to find nature-based remedies, software and hardware plays, and also audio company designs that are not excessively dependent on federal government aids (e.g. pass the Bad guy Examination). Firms highlighted consisted of Lots, BCD Bioscience*, and also Strella Biotech.

AI: 2 vital messages reverberated throughout the occasion: 1) we don’t understand what we don’t understand, and also 2) the transformative possibility of AI, which will certainly influence virtually every facet of our lives. Alexandr Wang and also Peter Norvig asked for a mindful rollout of AI innovation and also thoughtful factor to consider of its worldwide effect. Positive outlook and also interest for innovation were spread out by Vinod Khosla of Khosla Ventures and also Julio Vasconcellos of Atlantico. They referenced Changing Social Facilities with Modern Technology). Have a look at just how Diferente* is making use of AI for stock monitoring and also dish referrals.

The Fundraising Market: A clear downturn on the market is being really felt throughout the board, with rounds taking much longer to shut, evaluations pressing, and also local departure liquidity scarcities. Nevertheless, these problems additionally make it a good time to construct as we’ve seen groups be laser-focused on device business economics, resources effectiveness, and also pin down PMF. McKinsey introduced the 2023 Latin American Digital Record throughout the occasion.

One point that was not pointed out throughout the meeting – national politics.

As a Venezuelan, I located it rejuvenating to see Brazilians collaborated and also talk about nonreligious fads, possibilities to introduce, and also what is going right with the nation’s plans. Nevertheless, technical growth is an increasing trend that raises all watercrafts.

In the week adhering to BSV, Rio organized Internet Top – a technology occasion that attracted greater than 20,000 participants. Countless vital stakeholders have actually given that collected in New York City for occasions organized by Itau, BTG, and also Financial Institution of America. I was fortunate to go to Itau’s Females Leaders in NY recognizing Ingrid Silva. While an uptick in occasions doesn’t always equate to a rise in technology, it without a doubt highlights the rising rate of interest in Brazil as a premier worldwide center for technology growth.

For terrific material concerning neighborhood and also worldwide technology occasions pertaining to the Brazil business ecological community, look into Julia de Luca and also Lucas Abreu’s e-newsletters.

As well as make strategies currently to join us at BSV following year, the Vamos Latam Top in São Paulo, or Brazil Environment Top in New York City.

With lots of affection from a really Venezuelan VC.


*Represents Collab Profile Business