Philosophy graduate turned investor; backed unicorns Privalia, Trovit, BlaBlaCar, Indexa Capital, Deporvillage, Habitissimo. Ran 21 Capital VC funds (Fund 3 ~3x DPI, Fund 4 marked by Indexa). Stopped VC fundraising in 2019, avoiding disastrous 2019-2022 vintages. Now runs Inversiones Caviedes doing entrepreneurial acquisitions (PE-style buyouts of profitable SMEs). Known for metrics-driven discipline, contrarian views on public funding, and skepticism on AI startup opportunities.
no scored calls yet — needs a stated position or a categorical verdict, with a matured window vs SPY
Indexa's ultra-low fee model looked like a poor business, but founders Francois, Unai and Ramon executed exceptionally; it is now worth 2.5x the whole fund, validating a contrarian bet on fee compression.
Privalia showed explosive organic demand — any branded product at 40% off sold out instantly — proving product-market fit despite an operational mess; the numbers argued for buying regardless of the investor's personal taste.
Initially dismissed as unpaid hitchhiking with no revenue, BlaBlaCar showed spectacular organic viral growth and cross-border demand, with French users seeking trips to Barcelona; traction forced the investment despite personal scepticism.