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
Deporvillage was written off after 3 years; COVID lockdowns created massive online sports demand and perfect exit timing — outcome driven by exogenous luck, not original thesis.
Cabify received significant public funds despite questionable unit economics; public capital distorts competitive dynamics in sectors that cannot absorb infinite capital efficiently.
AI favors incumbents: Google (and Microsoft) possess structural advantages — compute, data, distribution, capital — that make it 'extraordinarily hostile' for startups; generalist models beat vertical specialists.