Exploring Latin American Startup Ecosystem with Ali Jamal of First Check Ventures

Lifeselfmastery's podcast I Startups I Venture Capital

In this podcast episode, Ali Jamal, General Partner at First Check Ventures shares his multicultural upbringing and its influence on his interest in startups and venture capital, particularly in Latin America. He discusses the challenges and rewards of working in high-growth startups in developing economies and his transition from a full-time job to focusing on his syndicate. Ali provides insights into the venture capital industry, including securing funding allocations, the impact of market conditions on investments, and the potential for increased mergers and acquisitions. He also talks about AI business models, his biggest investment win, the importance of learning in startup roles, and much more!

Timestamps

Childhood and International Background (00:00:25)

Investment Focus on Latin America (00:03:59)

Working in High Growth Startups (00:07:10)

Syndicating with ShopCircle (00:10:07)

Balancing Full-Time Job with Syndicate (00:11:52)

Approach to LPs and Sense of Urgency (00:13:32)

Multi-Stage Funds and Seed Stage Investment (00:16:51)

Access to Hot Deals (00:17:55)

Investment Decision-Making (00:18:59)

Challenges for Venture Funds (00:19:49)

Market Conditions and Fundraising (00:20:17)

Struggles for Emerging Managers (00:22:08)

Potential Mergers and Acquisitions (00:24:02)

Liquidity Decisions in VC (00:25:40)

IPO Market Outlook (00:27:21)

AI Business Models (00:30:29)

Successful Investment and Approach (00:34:13)

Challenges in Syndicate Investments (00:35:19)

Misalignment Between GP and LP (00:36:12)

Ali’s Links

First Check Ventures - https://www.firstcheckventures.com/

LinkedIn – https://www.linkedin.com/in/mralijamal/

My Links

Podcast: https://lifeselfmastery.com/itunes

YouTube: youtube.com/lifeselfmastery

Twitter: https://twitter.com/rohitmal

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit partnergrow.substack.com