Hello World!
Estimated reading time 4 minutes
Hello, World! Well, here I go, stepping into the blogosphere with my first blog post. First and foremost, let me tip my hat to some of the blogs that have served as an inspiration for me to start blogging.
- http://peterlbrandt.com/
- http://www.jamesaltucher.com/
- http://onstartups.com/
- http://brontecapital.blogspot.com/
- http://capitalmind.in/
- http://www.codinghorror.com/blog/
- http://fundooprofessor.wordpress.com/
Folks, as this is my first attempt in writing/blogging I do expect a skewed ratio of brickbats to bouquets…but will certainly appreciate feedback to help me walk the unbeaten path.
Today, I wanted to share my thoughts on the ‘risk’ perceptions and opportunities associated with the BIM (Brazil, India and Mexico) markets.
A key assumption at BlackstoneValleyGroup supported by internal data (that is what my research team says) is the premise that the BIM markets will exhibit sustainable growth for the next 10-15 years and we are putting our money where our mouth is.
Risk :
During chats with my fellow Angel/VC brethren especially those with the same global investing mantra, I discovered a common them when it came to the term ‘risk’ for the BIM markets opportunities.
There are wide arrays of assumptions & beliefs in understanding the ‘risk’ of investing in BIM markets startups/early stage companies but even with the breadth of assumptions the ‘risk premiums’ associated with investing in these markets was unusually high.
I am not talking about the pure risk of investing in a venture….but referring to the ‘Macro and Soft’ risks in these markets which lead to very high ‘risk’premiums.
The 30,000 ft ‘risk’ view for the BIM market opportunities –is that the risk of investing in a startup from these markets gets compounded by ‘Macro’ elements such as
- Slow evolution of Govt Policies,
- Bloated bureaucracy,
- Currency risk,
- Weak infrastructure,
- A creaky system of property rights,
- Weak IP/copyright/trademark protection
Now if you add ‘Soft risks’ such as barriers of culture, custom and language – it is indeed a small wonder how ventures even get funded in these markets.
However if you look under the hood at the entrepreneurship ecosystem in the BIM countries – have those ‘risks’ prevented or stopped the entrepreneur segments present in the different strata – from functioning or growing?
The entrepreneurial segment that was active in Pre-Liberalization/Globalization era (pre-historic times for my young readers – 1990s/2000s) from- street vendors to widget makers to traders is now getting a second generational push as tech entrepreneurs and service providers across education, technology, healthcare, real estate verticals. This second /third generational push is creating a thriving and sustainable eco-system with diversity and depth never seen before.
The ‘risks’ have not changed but with the new gen entrepreneurs being forced to deal with global competitors on their home turf it has driven them to find solutions and workarounds to adapt and mitigate the same risk subsets – ‘Macro’ and ‘Soft’ , which have been and are primarily ‘internal’ to them.
So what am I trying to say?
The first step of the entrepreneur funding lifecycle from Boston to Bangalore to Brasilia is to rely on savings, friends and family to bootstrap and start.
We are also aware that there is a high probability of he/she running out of money before they can scale and this ratio is high in BIM countries versus let say USA.
A typical predisposition for the traditional sources of capital in BIM countries (such as banks, financial institutions, Govt etc) is that distribution of funds ONLY happens if they are asset backed (i.e. collaterialized) or if the funds are distributed by way of debt/loan.
The newer and non-traditional sources of funding – local Angel Investors/Seed Investors – have just started to find their feet and are scared and scarred in certain cases to open their money chests. The high ‘risk’ premiums make these less attractive to the Angel/VC community here.
There is huge chasm between the funding needs of the entrepreneur community in the BIM markets and the ability of the traditional/new funding sources to bridge the divide. Even if we associate a ‘high risk’ premium with these investments – a first mover’s advantage should be a key motivator to have a fresh look at the ‘risk’ perception in these markets.
So to the tired weary eyes and still scratching their heads reader – I appreciate your patience and hope you come back for more.
Before you go..if I have plugged BlackstoneValleyGroup enough times on this post then I have achieved my unstated objective (just kidding) – but on a serious note, if this post tickled a neuron then please do let me know.
Trackbacks & Pingbacks
Dog Papers
[…]Every the moment in a while we choose blogs that we read. Listed beneath are the latest websites that we pick […]
Dog Registry
[…]the time to read or pay a visit to the content material or sites we’ve linked to beneath the[…]
Dog Papers
[…]below youll come across the link to some websites that we consider you should visit[…]
Dog Papers
[…]Here are a number of the web pages we advocate for our visitors[…]
Dog Papers
[…]although internet sites we backlink to below are considerably not related to ours, we feel they may be in fact worth a go by way of, so have a look[…]
Dog Registry
[…]that could be the finish of this post. Right here youll locate some internet sites that we feel you will appreciate, just click the hyperlinks over[…]
How To Obtain Dog Papers
[…]always a large fan of linking to bloggers that I love but really don’t get lots of link like from[…]
How To Get My Dog Papers
[…]Wonderful story, reckoned we could combine a number of unrelated information, nonetheless genuinely really worth taking a search, whoa did one understand about Mid East has got extra problerms as well […]
Dog Breed Registries
[…]check below, are some absolutely unrelated websites to ours, having said that, they are most trustworthy sources that we use[…]
How To Obtain Dog Papers
[…]Every after inside a when we pick blogs that we read. Listed beneath are the newest web pages that we pick […]
Dog Papers
[…]we prefer to honor several other internet web pages around the net, even when they arent linked to us, by linking to them. Underneath are some webpages really worth checking out[…]
Dog Registry
[…]that could be the finish of this write-up. Here you will find some web pages that we believe youll enjoy, just click the hyperlinks over[…]
french bulldog chihuahua mix
[…]we came across a cool site that you just may well get pleasure from. Take a appear in the event you want[…]
probiotics for french bulldogs
[…]one of our guests not long ago recommended the following website[…]
probiotics for english bulldogs
[…]The information and facts talked about inside the write-up are some of the best offered […]
frenchie bully mix
[…]Wonderful story, reckoned we could combine a few unrelated data, nonetheless genuinely worth taking a search, whoa did 1 discover about Mid East has got much more problerms at the same time […]
minnect expert
[…]just beneath, are various totally not related sites to ours, even so, they are surely really worth going over[…]
bjj jiu jitsu cypress texas
[…]Every when inside a whilst we decide on blogs that we study. Listed below are the most up-to-date web sites that we choose […]
french bulldog
[…]we came across a cool web page that you may possibly get pleasure from. Take a look should you want[…]
french bulldog
[…]just beneath, are quite a few absolutely not associated web sites to ours, having said that, they are certainly worth going over[…]
magnolia bjj
[…]The info mentioned in the write-up are a number of the top available […]
brazilian jiu jitsu in houston
[…]although web-sites we backlink to below are considerably not related to ours, we feel they may be actually really worth a go by means of, so possess a look[…]
crypto news
[…]very handful of internet websites that come about to become detailed below, from our point of view are undoubtedly effectively worth checking out[…]
chanel dog bowls
[…]just beneath, are many absolutely not related internet sites to ours, having said that, they may be surely worth going over[…]
where can i buy french bulldog
[…]below you will find the link to some web-sites that we consider you ought to visit[…]
mexican candy store near me
[…]please visit the internet sites we comply with, such as this a single, because it represents our picks through the web[…]
mexican candy store near me
[…]here are some hyperlinks to websites that we link to simply because we consider they’re really worth visiting[…]
mexican candy store near me
[…]very handful of internet sites that happen to be detailed beneath, from our point of view are undoubtedly nicely worth checking out[…]
mexican candy store near me
[…]usually posts some pretty interesting stuff like this. If youre new to this site[…]
mexican candy store near me
[…]Every once in a while we decide on blogs that we study. Listed beneath would be the newest sites that we select […]
french bulldog texas
[…]Sites of interest we’ve a link to[…]
dr kim acupuncture
[…]The info mentioned in the write-up are some of the top out there […]
dog probiotic chews on amazon
[…]below youll obtain the link to some web pages that we believe you must visit[…]
wix seo
[…]one of our visitors a short while ago encouraged the following website[…]
늑대닷컴
[…]Wonderful story, reckoned we could combine a couple of unrelated data, nevertheless genuinely really worth taking a appear, whoa did 1 learn about Mid East has got extra problerms at the same time […]
richest vietnamese in america
[…]Sites of interest we have a link to[…]
elizabeth kerr
[…]that may be the finish of this article. Right here youll obtain some web-sites that we feel youll value, just click the hyperlinks over[…]
french bulldog puppies for sale houston texas
[…]always a major fan of linking to bloggers that I really like but dont get lots of link like from[…]
dump him shirt
[…]that may be the end of this report. Here youll locate some internet sites that we believe youll appreciate, just click the hyperlinks over[…]
hairdresser in houston
[…]one of our guests not long ago recommended the following website[…]
black frenchies
[…]the time to study or check out the content or websites we’ve linked to beneath the[…]
french bulldog blue color
[…]very handful of internet sites that occur to become detailed beneath, from our point of view are undoubtedly effectively worth checking out[…]
best french bulldog breeder
[…]here are some hyperlinks to web pages that we link to due to the fact we think they may be really worth visiting[…]
isla mujeres golf cart rental
[…]one of our guests not long ago proposed the following website[…]
grey frenchies
[…]always a large fan of linking to bloggers that I enjoy but really don’t get a whole lot of link like from[…]
clima en chimalhuacán
[…]we came across a cool web site which you may well delight in. Take a look in the event you want[…]
candy factory
[…]here are some hyperlinks to internet sites that we link to simply because we think they may be worth visiting[…]
premium hacks provider
[…]below youll come across the link to some internet sites that we believe you need to visit[…]
xdefiant hacks
[…]just beneath, are quite a few entirely not related websites to ours, however, they may be surely worth going over[…]
aimbot vanguard
[…]although internet websites we backlink to beneath are considerably not connected to ours, we feel they may be really really worth a go through, so have a look[…]
cod cheats unlock
[…]The information mentioned in the write-up are a number of the best out there […]
mw3 cheats download
[…]very few internet sites that come about to be in depth below, from our point of view are undoubtedly effectively really worth checking out[…]
farlight 84 cheats
[…]we came across a cool web site that you simply could love. Take a appear for those who want[…]
french bulldog rescue
[…]we like to honor several other net web pages on the web, even though they arent linked to us, by linking to them. Beneath are some webpages worth checking out[…]
esports domain
[…]that could be the finish of this report. Here you will find some websites that we feel youll value, just click the hyperlinks over[…]
blockchain
[…]that would be the finish of this report. Here youll find some websites that we consider you will value, just click the links over[…]
best probiotic for english bulldog
[…]that is the finish of this report. Here you will come across some web-sites that we think you will enjoy, just click the hyperlinks over[…]
스포츠중계사이트
[…]Here is a good Weblog You might Discover Exciting that we Encourage You[…]
스포츠분석
[…]Wonderful story, reckoned we could combine a handful of unrelated data, nonetheless actually really worth taking a search, whoa did 1 discover about Mid East has got more problerms as well […]
라이브스코어
[…]here are some links to internet sites that we link to mainly because we consider they may be worth visiting[…]
french bulldog houston
[…]usually posts some incredibly fascinating stuff like this. If you are new to this site[…]
isla mujeres boat rental
[…]check below, are some absolutely unrelated internet websites to ours, on the other hand, they’re most trustworthy sources that we use[…]
play net
[…]that could be the end of this post. Here youll uncover some web pages that we consider youll value, just click the links over[…]
condos on isla mujeres
[…]Here are several of the websites we recommend for our visitors[…]
yorkie poo breeding
[…]the time to read or pay a visit to the material or web sites we have linked to below the[…]
cheap cam girls
[…]here are some hyperlinks to web pages that we link to mainly because we believe they are really worth visiting[…]
cheap webcam girls
[…]Here is a great Weblog You might Come across Exciting that we Encourage You[…]
cheap cam girls
[…]here are some links to web sites that we link to simply because we feel they are worth visiting[…]
live sex
[…]Every as soon as inside a whilst we choose blogs that we read. Listed below would be the most current sites that we decide on […]
cheap nude chat
[…]below you will come across the link to some websites that we assume you need to visit[…]
بطاقة ايوا
[…]The data mentioned in the write-up are some of the best out there […]
Panasonic
[…]Here are several of the websites we recommend for our visitors[…]
Beckhoff
[…]very few sites that take place to be comprehensive below, from our point of view are undoubtedly nicely really worth checking out[…]
surrogacy mexico cost
[…]Wonderful story, reckoned we could combine a few unrelated information, nevertheless truly worth taking a search, whoa did a single learn about Mid East has got much more problerms at the same time […]
cuautitlan izcalli clima
[…]Sites of interest we’ve a link to[…]
linh hoang
[…]Here are some of the web-sites we suggest for our visitors[…]
vietravel tour
[…]Here is a great Weblog You may Discover Interesting that we Encourage You[…]
french bulldog rescue
[…]although web sites we backlink to beneath are considerably not related to ours, we really feel they’re really worth a go by means of, so have a look[…]
atizapán de zaragoza clima
[…]we came across a cool website that you simply may well get pleasure from. Take a search when you want[…]
clima en chimalhuacan
[…]below you will uncover the link to some web-sites that we consider you ought to visit[…]
clima en chimalhuacan
[…]the time to read or go to the content or sites we’ve linked to beneath the[…]
atizapán de zaragoza clima
[…]the time to read or take a look at the material or web-sites we have linked to beneath the[…]
atizapán de zaragoza clima
[…]we prefer to honor numerous other web sites around the web, even though they arent linked to us, by linking to them. Underneath are some webpages really worth checking out[…]
cuautitlan izcalli clima
[…]although sites we backlink to below are considerably not associated to ours, we really feel they may be really worth a go by means of, so possess a look[…]
clima en chimalhuacan
[…]one of our guests just lately encouraged the following website[…]
atizapán de zaragoza clima
[…]Wonderful story, reckoned we could combine a handful of unrelated information, nevertheless really worth taking a search, whoa did a single master about Mid East has got far more problerms also […]
condiciones climaticas queretaro
[…]Wonderful story, reckoned we could combine a couple of unrelated information, nevertheless actually really worth taking a appear, whoa did 1 discover about Mid East has got far more problerms also […]
culiacan clima
[…]just beneath, are various completely not connected internet sites to ours, nonetheless, they’re surely worth going over[…]
fort lee acupuncture
[…]Sites of interest we have a link to[…]
french bulldog for sale
[…]check beneath, are some absolutely unrelated internet websites to ours, however, they may be most trustworthy sources that we use[…]
how to get my dog papers
[…]usually posts some pretty interesting stuff like this. If you are new to this site[…]
floodle puppies for sale
[…]here are some hyperlinks to internet sites that we link to because we consider they’re really worth visiting[…]
in vitro fertilization mexico
[…]although internet websites we backlink to below are considerably not related to ours, we feel they’re in fact really worth a go via, so have a look[…]
massachusetts boston terriers
[…]Sites of interest we have a link to[…]
french pitbull puppy
[…]here are some links to websites that we link to because we think they may be worth visiting[…]
free sex chat
[…]please visit the sites we stick to, such as this 1, because it represents our picks in the web[…]
free sex shows
[…]always a huge fan of linking to bloggers that I like but do not get a lot of link appreciate from[…]
cheap sex webcams
[…]usually posts some quite fascinating stuff like this. If you are new to this site[…]
cheap adult webcams
[…]please stop by the web sites we comply with, such as this 1, as it represents our picks in the web[…]
free sex shows
[…]we came across a cool web site that you just may well enjoy. Take a search when you want[…]
cam sex
[…]here are some hyperlinks to sites that we link to due to the fact we assume they’re really worth visiting[…]
micro frenchie
[…]we came across a cool web-site that you may well enjoy. Take a look when you want[…]
frenchie for sale in houston
[…]very handful of internet websites that occur to become in depth beneath, from our point of view are undoubtedly nicely worth checking out[…]
cheap french bulldog puppies under $500
[…]Sites of interest we have a link to[…]
french bulldog puppies for sale $200
[…]usually posts some very fascinating stuff like this. If you are new to this site[…]
Premium URL Shortener
[…]here are some links to websites that we link to because we consider they’re worth visiting[…]
Comments are closed.