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Ep 46 Pedro Neira: Innovating for the Latin American Dating Industry

Whenever Latin America shifted suddenly to mobile during the early 2010s, the internet dating industry had along with it. Fortunately, Pedro Neira, the creator of Mi Media Manzana, now Latin America’s most-downloaded dating app, had sufficient experience from their three past startups to understand when you should make modifications. Mi Media Manzana now has over one million packages and recently received an investment that is undisclosed Axon Capital Partners.

I sat straight down with Pedro Neira in this bout of Crossing edges about their journey founding four startups, just what it is like conducting business in Peru, advice for raising capital in Latin America and Silicon Valley, additionally the future of Mi Media Manzana.

Pedro didn’t recognize a business owner until their 3rd startup

A number of my past visitors on the show called themselves “accidental business owners” them to innovate because they never realized their careers would lead. Not too with Pedro. In the place of after their MBA classmates along the consulting track, he labored on a startup in Barcelona prior to the crisis that is financial. Just after beginning a few businesses that are internet he gone back to Peru did Pedro recognize their profession course ended up being unique. Check always this episode out of Crossing edges to read about Pedro’s three startups, they prepared him to receive Mi Media Manzana.

Leading the purchase of AdondeVivir.com. Just how Mi Media Manzana targets Latin America

After his 2nd startup failed, Pedro along with his co-founders discovered on their own in a uncommon situation; they’d the group, yet not the theory. Sooner or later, Pedro and their group created Peru’s largest real-estate portal, AdondeVivir.com, and was a force that is driving its purchase by Navent, a Argentine classifieds site. Pedro began trying to find their next project right after the purchase, and in the end landed in the dating industry. Learn Pedro’s advice for business owners going right into a challenging settlement in this episode.

Mi Media Manzana wished to end up being the eHarmony of Latin America, but that model doesn’t change well to mobile. In Latin America, where most people are accessing the net through smart phones, online dating sites must be mobile-friendly. That’s why Mi Media Manzana resembles a network that is social where singles to locate relationships can mingle freely online. Pedro had been so confident when you look at the Latin American relationship industry which he spent much of his very own cash to the software before trying to find investment. Tune in to the episode to know just how Pedro pioneered the web industry that is dating LatAm.

Pedro’s advice to LatAm founders capital that is raising

Pedro has raised four rounds for Mi Media Manzana, from investors in Peru, Southern Korea, and also the United States. Their advice to founders will be raise money in the home first, before searching abroad. US investors will probably spend attention to Latin American startups in the event that united group, the traction, plus the idea are there any. But, he claims that raising money in Latin America may be the reverse United States; always check the rest out associated with episode to discover why.

Pedro ended up being active in Peru’s startup ecosystem before it also formally existed. Now he is building Mi Media Manzana right into a business that is regional targeting the largely untapped Latin American relationship market and gaining of worldwide investors. Pedro may be the first Peruvian business owner to look on Crossing Borders, when you have an interest in Peru’s startup ecosystem, you ought to positively check always away this episode.