On February 3rd, the headlines on the Playa Times newspaper exclaimed “Pesticide Free Vegetables Now by Subscription” and it was followed by the statement “Local Community Comes Together to Make an Impact”. Then on May 16th, I had to throw in the towel and declare that this project had failed. Read On…
Warning, don’t read this blogpost when:
- You want to have a lot of money.
- You are interested in being the boss.
- You are interested in being a successful entrepreneur with VC funding.
The market for Mexican venture capital is limited as you may have read in my previous post. Now that you know the investors in Mexico, it is time for me to share how I got the seed round for our investors and why I feel “dating” your investors is very important, especially in the Mexican venture capital market. Read On…
The Mexican Venture Capital market is young and small. The first seed funds only popped up around 10 years ago and currently only has 41 active venture funds. The majority of the capital for small and medium sized businesses (SMB) came traditionally from wealthy individuals. Still up to this point the SMB seems to grow the first stages of the company life using personal and family funds then followed by wealthy individuals. The fact that funding seems out of reach for most companies is logical since these 41 funds do no more than funding 300 deals a year, in a country with over 115 million people private funding is in its infancy.
While searching for a series A lead investor, part of the process was to map all institutional investors in Mexico. This is what I am understanding from a simple week research on the State Mexican Venture Capital Market.