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The Enthusiast: Founders and VCs beyond the Valley
Pat Alex
99 episodes
4 days ago

"Entrepreneurial Talent is Global" - On The Enthusiast, Host Pat Alex chats with some of the most fascinating Founders, Operators and Investors Beyond Silicon Valley. 
Every two weeks, he sits down with the likes of Arjuna Costa (Flourish), Paulo Passoni, Jeffrey Paine (Golden Gate Ventures), Gerry Giacoman (Clara) and Monica Brand Engel (Quona) to dissect their challenges around scaling, fundraising, managing boards and company leadership. Taken together, the guests have raised venture capital in the hundreds of millions and are behind their regions' biggest business and venture successes paving the way towards a more equitable and diverse future. 

Follow the newsletter to always stay up to date with the latest episodes: https://linktr.ee/Patalex

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Entrepreneurship
Business
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All content for The Enthusiast: Founders and VCs beyond the Valley is the property of Pat Alex and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

"Entrepreneurial Talent is Global" - On The Enthusiast, Host Pat Alex chats with some of the most fascinating Founders, Operators and Investors Beyond Silicon Valley. 
Every two weeks, he sits down with the likes of Arjuna Costa (Flourish), Paulo Passoni, Jeffrey Paine (Golden Gate Ventures), Gerry Giacoman (Clara) and Monica Brand Engel (Quona) to dissect their challenges around scaling, fundraising, managing boards and company leadership. Taken together, the guests have raised venture capital in the hundreds of millions and are behind their regions' biggest business and venture successes paving the way towards a more equitable and diverse future. 

Follow the newsletter to always stay up to date with the latest episodes: https://linktr.ee/Patalex

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Entrepreneurship
Business
Episodes (20/99)
The Enthusiast: Founders and VCs beyond the Valley
Bernardo Garcia (Félix) on doing things that don’t scale, the power of your first 20 customers and getting the flywheel going

On this episode Pat sits down with Bernardo Garcia, Co-Founder of ripping remittances startup Felix Pago to dive into the early days of the business, finding product-market-fit and doing things that don't scale. In particular we chat about how they realised that the existing solutions were not really solving the problem for hispanics in the US sending money to their home countries and how they put the flywheel together relying on WoM.


You will learn about

- Finding product-market-fit and launching on the back of your customer needs

- Be where your customers are and acquiring customers manually

- Scaling beyond the early days, geo expansion vs. product expansion, what route will Felix take and why


Want to stay up-to-date on latest episodes?

Follow The Enthusiast wherever you are getting your podcasts and make sure to check out our newsletter on LinkedIn⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠ to stay up to date on our latest episodes with founders and investors beyond the Valley.

Follow Pat on LinkedIn ⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠.



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1 month ago
29 minutes 26 seconds

The Enthusiast: Founders and VCs beyond the Valley
Puren Ucar (fmr. Head of Talent @Earlybird) on why founders need to spend 40% of their time on hiring, the unequal impact of AI on startup roles and revenue / employee as a metric

On this episode Pat sits down with Puren Ucar, the fmr Head of Talent at Earlybird Digital East, to dive into building out the talent function at one of Europe's leading VC firms, Earlybird, what does it take to build high performance teams and why founders up until Series-B still need to dedicate 40% of their time on hiring and how AI changes the game.


You will learn about

  • The intersection of recruitment, incentives and retention in building high performance teams
  • How AI will impact startup roles and efficiencies are distributed unequally


Want to stay up-to-date on latest episodes?

Follow The Enthusiast wherever you are getting your podcasts and make sure to check out our newsletter on LinkedIn⁠⁠⁠⁠here⁠⁠⁠⁠ to stay up to date on our latest episodes with founders and investors beyond the Valley.

Follow Pat on LinkedIn ⁠⁠⁠⁠here⁠⁠⁠⁠.

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2 months ago
32 minutes 47 seconds

The Enthusiast: Founders and VCs beyond the Valley
Gaurav Biswas (Trukker) building the uber of trucks in MENA, scaling in a fragmented industry and growing on century old logistic routes from Turkey to Kaszakstan

On this episode Pat sits down with Gaurav Biswas, Co-Founder & CEO of leading freight forwarder and logistics scaleup Trukker. We dive into the company’s journey from their initial launch in India, focusing on MENA scaling to 200M+ in revenues, servicing 1,500 clients across 9 countries and raising $300M+ from the likes of ADQ, Ruya and Investcorp 


You will learn about

  • Scoping the opportunity and setting your target focus
  • Scaling in a fragmented, archaic industry picking your battles and finding your sweet spot
  • Let expansion be driven on the back of your customer needs 
  • Excel doesn’t lie if the numbers don’t add up you are on the wrong track

Want to stay up-to-date on latest episodes?

Follow The Enthusiast wherever you are getting your podcasts and make sure to check out our newsletter on LinkedIn⁠⁠⁠⁠here⁠⁠⁠⁠ to stay up to date on our latest episodes with founders and investors beyond the Valley.

Follow Pat on LinkedIn ⁠⁠⁠⁠here⁠⁠⁠⁠.


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3 months ago
30 minutes 57 seconds

The Enthusiast: Founders and VCs beyond the Valley
[Operator Stories] Lucas Vargas (Nomad) on diversifying your assets, investing like the 1% and scaling to 100M+ in ARR

On this episode Pat sits down with Lucas Vargas, CEO and Founder of Nomad, a leading cross border account and investment solution for Brazilians that want to reduce their exposure to the local currency investing in US dollar dominated assets. Lucas takes us down the rabbit hole on building out the product, scaling to 100M in ARR within 5 years, incorporating new features and his take on dollar primacy, other fiat currencies and stable coins. 

So much to unpack there. 


You will learn about: 

  • Prioritizing always jobs to be done and customer needs for your product roadmap
  • How to build generational wealth and allow the 99% to invest like the 1% 
  • The FX, investing market opportunity in Brazil 


Want to stay up-to-date on latest episodes?

Follow The Enthusiast wherever you are getting your podcasts and make sure to check out our newsletter on LinkedIn⁠⁠⁠here⁠⁠⁠ to stay up to date on our latest episodes with founders and investors beyond the Valley.

Follow Pat on LinkedIn ⁠⁠⁠here⁠⁠⁠.


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3 months ago
35 minutes 30 seconds

The Enthusiast: Founders and VCs beyond the Valley
[Operator Stories] Pedro Arnt (dLocal) on preserving startup agility whilst becoming big company, the IPO is just the beginning and his new chapter as dLocal CEO

On this episode Pat sits down with legendary operator and former MELI CFO, and of late CEO of dLocal, Pedro Arnt, to dive into his learnings of 20+ years of company building.


We discuss

  • Why he is bullish on emerging market's potential
  • His learnings around the early innings of MELI riding the wave of digitisation in commerce in the 2000s and why long term building beats short-term CAGR ambitions
  • The parallels he sees across verticals around digitisation in emerging markets from commerce to payments and how slower consumer adoption calls for more discipline and consistency but allows you to grow at +30% CAGR for many years
  • His take on balancing startup agility and processes and org. complexity of a big corporation
  • His new chapter with dLocal and why going from emerging market to emerging market makes all the sense

Want to stay up-to-date on latest episodes?

Follow The Enthusiast wherever you are getting your podcasts and make sure to check out our newsletter on LinkedIn⁠⁠here⁠⁠ to stay up to date on our latest episodes with founders and investors beyond the Valley.

Follow Pat on LinkedIn ⁠⁠here⁠⁠.

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5 months ago
42 minutes 56 seconds

The Enthusiast: Founders and VCs beyond the Valley
[Investor Journey] Camila Vieira (QED) on prioritizing moats over themes, the fund’s structure through multiple instruments and know where you land on Liquidity

On this episode Pat sits down with Camila Vieira, Partner and head QED’s Brazil operation. We dive into the fund’s evolving commitment on the region, how they got it right investing in Nubank in 2015, what their thesis and structure looks like today 10 years later and whether LatAm’s next outbreak success will also be Fintech? 


  • How do sector specific funds differentiate from generalists in their way how they look at Fintech
  • Taking a unit economic and defensible moat lens instead of following a themes based investing approach
  • The last whitespace in Fintech in Brazil 
  • How should founders think about liquidity and how QED is preparing their portfolio 


You can find Camila on LinkedIn here. 


Want to stay up-to-date on latest episodes?

Follow The Enthusiast wherever you are getting your podcasts and make sure to check out our newsletter on LinkedIn⁠here⁠ to stay up to date on our latest episodes with founders and investors beyond the Valley.

Follow Pat on LinkedIn ⁠here⁠.


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6 months ago
39 minutes 37 seconds

The Enthusiast: Founders and VCs beyond the Valley
[Investor Journey] Michael Lints (Golden Gate Ventures) launching the fund’s MENA presence, synergies between South East Asia and the GCC, liquidity and the role of secondaries

On this episode Pat sits down with Michael Lints, Partner at leading South East Asian VC firm Golden Gate to dive into their expansion into MENA, his move to Qatar, why now and how he sees the two regions complementing each other in terms of ecosystem maturity, VC and LP landscape. 


You will learn about:

  • Doing business in MENA
  • Cross pollination opportunities between the two regions
  • Liquidity and exit opportunities and t he importance of Secondaries in SEA 


You can find Michael on LinkedIn here.


Want to stay up-to-date on latest episodes?

Follow The Enthusiast wherever you are getting your podcasts and make sure to check out our newsletter on LinkedIn⁠here⁠ to stay up to date on our latest episodes with founders and investors beyond the Valley.

Follow Pat on LinkedIn ⁠here⁠.


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6 months ago
32 minutes 29 seconds

The Enthusiast: Founders and VCs beyond the Valley
Mihai Faur (UiPath) on timing and IPO readiness, Act 2 for the company from UiPath to AiPath combining the power of AI and automation

On this episode Pat sits down with Mihai Faur, CIO of UiPath to discuss his 10 year journey with the company from a small startup in Romania to the global automations company it is today. 

We dive into the IPO readiness piece, how as a Chief Accounting Officer he set the company on the path for IPO following Daniel Dines' vision in 2019 to bring the company public in 2 years. 


You will learn about

  • What does it take to get a company from startup mode to IPO ready 
  • How to get to operational predictability 
  • The role AI will play in UiPath’s 2nd act merging AI and Automations 


You can find Mihai on LinkedIn here. 


Want to stay up-to-date on latest episodes?

Follow The Enthusiast wherever you are getting your podcasts and make sure to check out our newsletter on LinkedIn⁠here⁠ to stay up to date on our latest episodes with founders and investors beyond the Valley.

Follow Pat on LinkedIn ⁠here⁠.


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7 months ago
41 minutes 19 seconds

The Enthusiast: Founders and VCs beyond the Valley
[Investor Journey] Rafael Costa (Across Capital) driving alpha through portfolio concentration, inflection stage capital for LatAm & US

On this episode Pat sits down with Managing Partner of Across Capital, Rafael Costa, to dive into his journey building Across investing cross-border in the US & LatAm after a successful career at Summit Partners and Vulcan Capital, how he things around portfolio construction and liquidity for growth stage, getting to conviction when deciding to invest and a lot more.


You will learn about

  • How Rafael broke into Venture
  • Why he decided to position Across as early growth stage cross border fund
  • Why he is all about high conviction, concentrated bets
  • His take on driving liquidity and how it influences his decision making around portfolio construction

You can find Rafael on LinkedIn here

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7 months ago
44 minutes 12 seconds

The Enthusiast: Founders and VCs beyond the Valley
[Investor Journey] Milena Oliveira (Volpe Capital) on taking concentrated bets in Latin America, dynamics of early growth investing and lessons on portfolio construction

On this episode Pat sits down with Milena Oliveira, Partner of Latin American early-growth fund Volpe Capital to dive into the dynamics of investing post Series-A, portfolio construction and making concentrated bets in a few select opportunities. We dive into why LatAm Tech entrepreneurs and VCs can produce top tier returns, and Volpe has the data to back it up.

You learn about

- Volpe's investment thesis

- How to convince LPs to bet on the asset class and invest in multi-vintages

- The maturity of LatAm tech entrepreneurs and how they are thriving not only despite the adversity but because of it

You can find Milena on LinkedIn here.


Want to stay up-to-date on latest episodes?

Follow The Enthusiast wherever you are getting your podcasts and make sure to check out our newsletter on LinkedIn ⁠here⁠ to stay up to date on our latest episodes with founders and investors beyond the Valley.

Follow Pat on LinkedIn ⁠here⁠.

Show more...
8 months ago
35 minutes 2 seconds

The Enthusiast: Founders and VCs beyond the Valley
[Operator Stories] Alexis Pantazis (Hellas Direct) scaling an insurtech, profitable markets vs. TAM, vertical integration as a moat

On this episode Pat sits down with Alexis Pantazis, Co-Founder and Co-CEO of European insurtech Hellas Direct to dive into the insurtech playbook, succeeding in smaller yet profitable markets in Southern and Eastern Europe, and how to go about vertical integration as a moat to build maximum value for consumers. 

To date Hellas has raised more than $85M from the likes of5G Ventures S.A | Phaistos Investment Fund,Portage ,ETF Partners - The Environmental Technologies Fund ,IFC - International Finance Corporation,EBRD,Convex Insurance andEndeavor Catalyst and since its founding has expanded to Romania and further grown their insurance offering through vertical integration.


You will learn about

- The Insurtech playbook on going direct to the customer but also through brokers

- How to go about expansion from smaller markets and under penetrated segments that in aggregate have significant value creation potential 

- How Greece made their way out of the slump and are now one of the best performing and dynamic economies in Europe


You can find Alexis on LinkedInhere.


Want to stay up-to-date on latest episodes?

Follow The Enthusiast wherever you are getting your podcasts and make sure to check out our newsletter on LinkedInhere to stay up to date on our latest episodes with founders and investors beyond the Valley.

Follow Pat on LinkedInhere.



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8 months ago
30 minutes 30 seconds

The Enthusiast: Founders and VCs beyond the Valley
[Investor Journey] Jimena Prado (Hi Ventures) on filtering through the AI noise, investing in lines not dots and transitioning from founder to funder

On this episode Pat sits down with Jimena Prado, Partner at Latin American VC firm Hi Ventures, which has backed the likes of Cornershop and Fintual. We explore Jimena's journey from one of the first female founders in Mexico to becoming an investor, how she thinks about navigating the current AI craze and where LatAm entrepreneurs can play at and capture value.

Hi Ventures is one of the leading early stage funds in LatAm, having backed the likes of Cornershop (exited to Uber at 3Bn), Sequoia backed Fintual and Clau.com. Founded by Federico Antoni, it has raised more than US$170M over 4 vintages.

We dive into: - How to filter through the AI noise and where LatAm entrepreneurs play in the space - Transitioning from founder to funder - How Hi Ventures has formulated their investment thesis around AI

You can find Jimena on LinkedIn here.

Want to stay up-to-date on latest episodes?

Follow The Enthusiast wherever you are getting your podcasts and make sure to check out our newsletter on LinkedIn ⁠here⁠ to stay up to date on our latest episodes with founders and investors beyond the Valley.

Follow Pat on LinkedIn ⁠here⁠.

Show more...
9 months ago
29 minutes 58 seconds

The Enthusiast: Founders and VCs beyond the Valley
[Investor Journey] Izabel Gallera (Canary) on getting to conviction in early stage investing, pattern recognition and what will be the next Nubank of Brazil?

On this episode Pat sits down with Izabel Gallera, Partner at Canary, one of the leading early stage VCs in Brazil.

We dive into:

- The evolution of the Brazilian VC ecosystem and Canary alongside it

- How to get to conviction and structure your investment decision process at the seed stage

- Professionalizing a VC firm through recycling capital, driving DPI and creating liquidity when possible


You can find Bel on LinkedIn here.


Want to stay up-to-date on latest episodes?

Follow The Enthusiast wherever you are getting your podcasts and make sure to check out our newsletter on LinkedIn ⁠here⁠ to stay up to date on our latest episodes with founders and investors beyond the Valley.


Follow Pat on LinkedIn ⁠here⁠.

Show more...
9 months ago
33 minutes 29 seconds

The Enthusiast: Founders and VCs beyond the Valley
[Investor Journey] Christine Kenna (Ignia) on navigating ambiguity in investing, introducing Mexican pension funds to VC and driving DPI

On this episode Pat sits down with Christine Kenna, Managing Partner of Ignia, a pan-american VC firm that invests in early and Series-A stage tech businesses.

You will learn about:

  • Playing the Venture Game in emerging markets, how to think about liquidity
  • The importance of building track record through multiple vintages
  • Is the American style Venture model even applicable to LatAm?


You can find Christine on LinkedIn here.

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10 months ago
30 minutes 51 seconds

The Enthusiast: Founders and VCs beyond the Valley
[Operator Stories] Pavel Fedorov (Salmon) on building a challenger bank in the Philippines, the Tinkoff Playbook and why credit first

On this episode Pat sits down with Pavel Fedorov, Co-Founder of Philippines based challenger bank Salmon. 
We dive into scaling a neo-bank in emerging markets, product mix, customer profiles and how to ensure flawless execution
You will learn about

  • The fintech opportunity in the Philippines 
  • How Salmon targets the space and why they start with credit first
  • How they think about go-to-market and their target customer profile


You can find Pavel on LinkedIn here.
Also check out his Personal Website and Blog here.


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11 months ago
39 minutes 18 seconds

The Enthusiast: Founders and VCs beyond the Valley
[Investor Journey] Esteban Sosnik (Reach Capital) on building a sector specific fund, challenges of digitizing education and new value unlock through AI
On this episode Pat sits down with Esteban Sosnik, Co-Founder and GP of Reach Capital, an edtech specialised VC firm based in Silicon Valley to talk about the evolution of the industry, how AI changes the game and what are the opportunities he sees in emerging marketsYou will learn aboutBuilding a sector-specific fundThe evolution of the edtech space and where we are headingThe right way to upsell into different age groups and how to deal with age related churn of your customersThe inflection...
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11 months ago
34 minutes 14 seconds

The Enthusiast: Founders and VCs beyond the Valley
[Investor Journey] Alex Lazarow on Emerging Markets Fintech Quo Vadis - Data, Delivery, Distribution
On this episode Pat brings back Alex Lazarow, Managing Partner of Fluent Ventures to talk about where Fintech in emerging markets has been going and where we are heading. So much to unpack as they dive intoThe different tech waves in emerging markets and LatAm more specifically Embedded Finance and the potential that still remains to be unleashed Where B2C Fintech delivered on its promise to increase financial inclusion You can find Alex on LinkedIn here. Also make sure to chec...
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1 year ago
32 minutes 26 seconds

The Enthusiast: Founders and VCs beyond the Valley
[Operator Stories] Coen Jonker (TymeBank) on building a multi-country emerging markets digital bank from South Africa to the Philippines & maintaining CAC low
On this episode Pat sits down with Coen Jonker, Co-Founder and Executive Chairman of TymeBank to discuss their scale-up journey from South Africa into the Philippines building a true multi-country digital bank for emerging markets. You will learn about:Product road map when scaling a digital bank How to approach market expansion and identifying your next target market What financial inclusion truly means for Coen You can find Coen on LinkedIn here. Support the show
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1 year ago
38 minutes 31 seconds

The Enthusiast: Founders and VCs beyond the Valley
[Operator Stories] Mikhail Lomtadze (Kaspi) on building a $20Bn business out of Kazakhstan, the superapp strategy and secrets on execution

On this episode Pat sits down with Mikhail Lomtadze, CEO of superapp Kaspi. We dive into the origin story of the business, its humble beginnings in Kazakhstan to going public on Nasdaq earlier this year at a whopping $20Bn market cap.

You will learn about - How to successully execute the superapp strategy - How to go about product priosiation and not losing focus - Why customer centricity is the key to everything

- The importance of culture in scaling your business

Want to stay up-to-date on latest episodes?

Follow The Enthusiast wherever you are getting your podcasts and make sure to check out our newsletter on LinkedIn ⁠here⁠ to stay up to date on our latest episodes with founders and investors beyond the Valley.

Follow Pat on LinkedIn ⁠here⁠.



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1 year ago
45 minutes 32 seconds

The Enthusiast: Founders and VCs beyond the Valley
[Strategic DeepDive] Erin Renzas on finding the metric your business cares about and move it, what makes a great CMO and how to avoid peanut-buttering in marketing spent
On this episode Pat sits down with Erin Renzas, the former CMO of Checkout who today runs her own advisory firm EBB strategic to unpack how to unleash marketing performance at the growth stage, the right way to experiment on marketing spent and how to make sure that you nurture the upper funnelWhat you will learnSales is about generating revenue today vs. Marketing is about generating revenue tomorrow - How to strike that balance? What to watch out for when hiring for a CMOHow to communi...
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1 year ago
46 minutes 15 seconds

The Enthusiast: Founders and VCs beyond the Valley

"Entrepreneurial Talent is Global" - On The Enthusiast, Host Pat Alex chats with some of the most fascinating Founders, Operators and Investors Beyond Silicon Valley. 
Every two weeks, he sits down with the likes of Arjuna Costa (Flourish), Paulo Passoni, Jeffrey Paine (Golden Gate Ventures), Gerry Giacoman (Clara) and Monica Brand Engel (Quona) to dissect their challenges around scaling, fundraising, managing boards and company leadership. Taken together, the guests have raised venture capital in the hundreds of millions and are behind their regions' biggest business and venture successes paving the way towards a more equitable and diverse future. 

Follow the newsletter to always stay up to date with the latest episodes: https://linktr.ee/Patalex