#123 – Living with economic uncertainty and developing a startup culture in Latin America: Federico Antoni, ALLVP

<p><b>Federico Antoni</b> had an extensive career in marketing, working for retail and e-commerce companies like Mercado Libre. But he found his calling in the venture capital world.</p><p>Over a decade ago, Federico founded <b>ALLVP</b>, a Mexican venture capital fund focused on solving the hardest problems in Spanish-speaking Latin America. ALLVP now has a portfolio of over 40 startups. Their emblematic portfolio company is Cornershop, sold to Uber.</p><p>Now, ALLVP&apos;s preparing its fourth fund, and Federico divides his time between ALLVP, boards of multiple startups, and lectures at Stanford.</p><p><em>Today, Federico and I talk about:</em></p><ul><li>His leap from retail and teaching to the startup and venture capital segments, and what was the Mexican startup ecosystem like when ALLVP started;</li><li>What gaps have been filled since then, and how the firm faces the macroeconomic uncertainty in Latin America as a feature, and not as a bug;</li><li>What does ALLVP mean by team-market fit, its plans for a fourth fund, and Federico&apos;s view on the current market landscape and the development of a startup culture in Latin America.</li></ul><p>Hey, <a href='https://www.latitud.com/pt/programs/explore'>apply to be a fellow</a>, <a href='https://go.latitud.com/'>open your startup</a> or <a href='https://updates.latitud.com/newsletter'>sign up for our newsletter</a>.<br/>Follow us on <a href='https://www.linkedin.com/school/latitudlatam'>Linkedin</a> / <a href='https://twitter.com/latitudlatam'>Twitter</a> / <a href='https://www.instagram.com/latitudlatam'>Instagram</a> / <a href='https://www.latitud.com/en/podcast'>Podcast</a>. </p>