Buenavista Capital & K50 Ventures Chile
Agenda
9:00-10:30 am: K50 Ventures’ senior partners will share their unique perspectives on investing and operating purpose-driven companies – creating best-in-class financial returns while generating maximum impact.
Building the K50 Thesis, Brand, and Community with K50 Managing Partner Ryan Bloomer. Ryan has been supporting founders building purpose-driven companies for more than 15 years and has invested in 150+ companies at the early stage as a venture capitalist. He will share why he started K50 Ventures, its edge for sourcing and selecting the very best founders, and how it contributes to the success of portfolio companies as the first institutional check and long-term partner to purpose-driven founders.
Deep-dive into Embedded Financial Services with K50 Ventures Senior Partner Nick Talwar. Nick, who is based in Palo Alto, has 20 years of experience building alongside the world’s best talent in embedded financial services. Previously, he was the SVP of Credit Cards at Visa, GM at Amazon Lending, GM of Vehicle Supply at Uber, and CEO of CircleUp. Nick will share stories of how he launched and scaled Amazon Lending (which today does $10B in annual loan volume), ran Uber's vehicle supply business globally prior to its IPO, and funded companies at CircleUp. He will focus on the underwriting, acquisition strategy, business model, and product features that work for the SMB segment.
Why LatAm and Why VC for Family Offices with K50 Senior Partner Daniel Vasquez. Daniel, who is based in Medellín, Colombia started his venture career leading his family office, which is now a direct investor in more than 100+ venture deals and 20% of Spanish-speaking LATAM unicorns. Daniel will share his outlook on investing in technology in LATAM, how his family office started and scaled its efforts as an investor in funds and startups, and how VC can be an antidote for the underdevelopment “trap” in the region.
10:30-11:30 am: K50 portfolio companies will share their origin stories and pitch their businesses. Each pitch will take 10 minutes, followed by a five-minute Q&A from the audience. The Q&A panel will be led by Diego Fleischmann, serial Fintech entrepreneur and co-founder of Migrante/Galgo.
Speakers
Forrest Heath is the CEO of Somos Internet, one of K50's portfolio companies, which recently announced the largest seed round for a deep tech company in Colombia. They are building last-mile data networks in Latin America with 10x the capacity at 10% of the cost of the best fiber providers. Somos offers the best fixed internet service to end consumers at ultra-competitive prices, with 10,000+ paying customers as of June 2023, growing 15% monthly. Forrest is a Princeton “dropout” with “genius” level IQ and a passion for economic development. He was an IDEO CoLab Design Fellow and was part of the W21 YCombinator cohort.
Jarred Kessler is the CEO of EasyKnock, a K50 portfolio company that created the market's first scalable residential sale-leaseback solution that releases home equity – enabling owners to access cash while remaining in their homes. EasyKnock recently did a first-close on its Series D and in 2022 finished the year with $45M+ in revenue. Jarred is a purpose-driven entrepreneur with over fifteen years of experience in the financial services industry, where he worked for industry stalwarts such as Morgan Stanley, Credit Suisse, and Goldman Sachs. Through his successful endeavors with these companies, Jarred witnessed firsthand the effects of technological change on the industry which he has brought to Easyknock.
Jason Raddison is the CEO and founder of Movo, an AI-powered workforce automation platform for high-volume frontline workers. They have a suite of solutions including automatic shift substitution, labor forecasting, automated load balancing, onboarding and LMS automation across. Movo has 70K+ monthly active users, over 50 enterprise clients globally, and has grown the business 10x since 2021 while raising $9M+ in venture capital. Jason is a serial entrepreneur with multiple unicorns to his credit such as Rappi, 99-taxis, and Uber. Before entering the gig economy, he authored more than a hundred of the world's most valuable algorithms in ecommerce, cyber, banking and hospitality. Jason was a Fulbright Scholar and began his career at McKinsey & Company.
Diego Fleischmann has built a notable career in the financial sector, beginning with a 4-year tenure at Banco Santander before venturing into entrepreneurship. He is the founder of AVLA Insurance Group, which operates in Chile, Peru, Mexico, and Brazil, and Galgo, a company that facilitates financial access for gig and subprime workers in several Latin American countries. Through Galgo, he aims to sell and finance over one million units annually by utilizing advanced technology and digital channels. Diego has held significant leadership positions, including Vice President of Asech and Chapter Chair of YPO. Currently, he is the President of CEAL Chile, overseeing strategic initiatives and policies to foster economic growth in the region. Moreover, Diego is at the helm of the board of directors at Gomodular and holds a directorship position at Comaco, contributing to the companies' strategic direction and growth.
About us
K50 Ventures is a purpose-driven venture capital firm. We are the first institutional check and long-term partner for founders who believe technology has the potential to unlock access and affordability for the world’s working class across health, finance, and work. Since 2016, we’ve invested in over 150 companies generating top-decile venture returns for our investors and material impact for millions of people and small businesses.
Buenavista Capital, based in Santiago, Chile, epitomizes steadfast financial management with over 20 years of expertise in the investment sector. Committed to client satisfaction, they employ a professional and integrated approach to wealth management, focusing on creating personalized investment portfolios that cater to both present and future needs. Leveraging unique opportunities across various industries and market sectors, they strive to optimize asset performance through rigorous planning and execution, aiming to translate it into tangible benefits for their clients.