Alex Gálvez, Managing Partner at 99 Startups

Alex Gálvez is Managing Partner at 99 Startups, a seed stage fund that invests in Latam. Previously he angel invested in over 60 companies including Clara, Fitnual, Mudafy, Picap and many others. And he has a podcast called Fundadores that talks about startups in Latam.

When did you decide to become a VC and create 99startups, could your explain us your journey?

First I was investing as an angel, but if I wanted to have more impact and build something that is going to affect millions of people I needed to start a fund. It is the only way to invest and help more companies and also help new investors to access great startup investments.

Why did you invest in Clara, Fintual, Beek? Can you explain so readers can understand your vision?

In Clara and Fintual I was very bullish on the markets and when I met the teams I knew they were great teams with lots of experience.

In the case of Beek, they where doing something very different but it was a bet purely on the team.

Over the years I have learned that you just have to back great teams and don’t worry too much about the rest.

What is the investment thesis and focus of 99startups vc?

We invest in seed and sometimes pre seed investments in fintech, logistics and healthcare. And we are looking to invest in 35 companies over the next 3 years.

When did you start with Podcast fundadores, how many founders have you interviewed and what is your challenge here?

I started the podcast in 2020 as a way to create content in spanish , so far I have recorded over 130 episodes. The challenge has been to make the next step and to start hiring a bigger team to help me.

What is the main benefit of your podcast in spotify.

The main benefit of the podcast is helping more people to start companies, also it has been a huge advantage to portfolio companies, because it helps them with hiring and raising capital.

What do you think about the fact that many countries like Chile, Mexico or Argentina are pushing new founders to start expanding to Texas in many areas. Do you see that the communications with them is open or there is a gap to solve?

I think there is a huge opportunity to serve latinos in the US, it is a 62M people market. I think more founders should see it as an opportunity, specially because you can serve them with lower costs in latam.

About AmixTech

We help founders to accelerate their startups/service and their personal positioning thanks to strategic communications, social media management (Tik Tok, Facebook, Twitter and LinkedIn) and global connections after working 20 years in Latinamerica connected to Texas England.

We are working to create #HubTexasLatam after coordinating for the last 4 years local networks in Austin, San Antonio, Houston, Dallas, Mexico City, Santiago (Chile), Buenos Aires (Argentina), Lima (Peru), Colombia.

Follow us on Linkedin: https://www.linkedin.com/company/80449115/admin/