When I returned from my last trip from Sao Paulo – seemingly a Covid decade ago, but actually almost a year to the date – I caught up with a crusty, no-nonsense and highly successful global private equity friend. “Welcome home from the greatest next big opportunity for the last three decades!” He paused and winked at me, “There is nowhere on earth I’ve lost more money than Latin America. So tell me why you think this time is different?”
In my slice of LATam there's a looong way to go in the recruitment and management of employees which currently I'd put at the turn of the 1950s in Europe. The real talent leaves every year for lack of quality opportunity.
Coupled with the poor appreciation of service, archaic banking and weird taxation it would take a genius to build and sustain a truly entrepreneurial model.
I see Rappi was lauded. They have acquired a pretty poor rep locally over the past few months, and my circle of acquaintances prefer to use competitors like Domicilios.
The potential is there, of course, but Change is heavily hampered by the dead hank of the banking institutions.
In my slice of LATam there's a looong way to go in the recruitment and management of employees which currently I'd put at the turn of the 1950s in Europe. The real talent leaves every year for lack of quality opportunity.
Coupled with the poor appreciation of service, archaic banking and weird taxation it would take a genius to build and sustain a truly entrepreneurial model.
I see Rappi was lauded. They have acquired a pretty poor rep locally over the past few months, and my circle of acquaintances prefer to use competitors like Domicilios.
The potential is there, of course, but Change is heavily hampered by the dead hank of the banking institutions.