The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch 20VC: From Struggling to Raise Funding to IPOing at Close to $9BN Just Five Years Later; The $8BN Company You Might Not Know | How To Build Large Companies with Small Teams | The Biggest Hiring Lessons and Mistakes with Seba Kanovich, CEO @ dlocal
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Sep 16, 2022 
Seba Kanovich, CEO of DLocal, shares his remarkable journey from a dinner at his mother-in-law’s to leading an $8BN payments powerhouse. He discusses the importance of execution speed in startups and how it influences leadership effectiveness. Seba reveals his biggest leadership insecurities and the painful lessons learned along the way. He emphasizes the balance between hiring for cultural fit versus prestigious backgrounds and offers insights into navigating market expansion while managing remote teams. A must-listen for aspiring leaders!
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Lack of Ambition
- D-Local's initial fundraising attempt in 2019 failed because they weren't ambitious enough.
- They initially sought acquisition instead of aiming for greater growth.
Fundraising Process
- Avoid formal fundraising processes as they may attract the wrong investors.
- Focus on finding the right partner, not just the highest valuation.
Bootstrapping Impact
- Bootstrapping ingrained a culture of frugality and customer focus into D-Local's DNA.
- While beneficial, it also delayed their access to valuable investor resources.
