In this conversation, Hernan discusses the evolution of angel investing in Mexico, the growth of the startup ecosystem, and the transition from an angel network to fund management. He shares insights on investment strategies, the importance of relationships in Latin America, and the challenges of scaling businesses across different countries. Hernan also highlights current trends in fintech and the silver economy, while reflecting on the lessons learned throughout his journey in venture capital.CHAPTERS00:00 Intro: Hernan Fernandez, Managing Partner of Angel Ventures00:59 The Evolution of Angel Ventures01:44 Initial Reception and Challenges in Mexico02:46 Feedback to a Angel Syndicate in Mexico in 200904:06 Value of MIT Network in Early Days05:35 The Evolution of Mexico's Startup Ecosystem08:42 "It's a 20 Million Fund Onwards or You're Not On"09:38 Fund 1 Economics10:28 Fund 1 Takeaways12:17 Angel Ventures' Thesis13:48 Latam's TAMs & Tailwinds15:10 It's Not a One Size Fits All in Latam17:04 Why Everything Flows into Mexico 18:37 Challenges of Expanding to the US19:56 The Similarities Across The "Global South" Markets20:45 When LATAM Startups Should Expand to the US?22:07 Angel Ventures Target Ownership & Macro Challenges23:32 Ensuring The Business Model is "VC Backable"25:55 Emerging Trends in FinTech and Beyond27:07 The Silver Economy: Consumers over 50 years old27:49 Corporate Partnerships, Agtech, & Heathtech29:07 How Do You Think of Moats & The Art of VC 31:15 Building a Supportive Ecosystem32:39 What's the Role of VC?33:51 Final Thoughts38:29 OutroSend us a textCut The Check w/ Mack Meyer is a podcast about venture capital, startups, and entrepreneurship in Latin America and beyond. New episodes drop every week. Subscribe on Spotify Stay connected with us on Twitter, LinkedIn, Instagram, Have a guest suggestion? Email us at [email protected]

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