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

When Latin America shifted abruptly to mobile during the early 2010s, the internet dating industry had to improve along with it. Luckily for us, 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 learn when you should make modifications. Mi Media Manzana now has over one million packages and recently received an undisclosed investment from Axon Capital Partners.

I sat straight down with Pedro Neira in this bout of Crossing edges to listen to about their journey founding four startups, exactly what it is like conducting business in Peru, advice for increasing money in Latin America and Silicon Valley, together with future of Mi Media Manzana.

Pedro didn’t understand he had been a business owner until their third 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 financial meltdown. Just after beginning a few businesses that are internet he came back to Peru did Pedro understand their profession course had been unique. Check always away this episode of Crossing edges to read about Pedro’s three startups, they ready him to receive Mi Media Manzana.

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

After their 2nd startup failed, Pedro and their co-founders discovered on their own in an uncommon situation; that they had the team, not. Ultimately, Pedro and their group created Peru’s largest property portal, AdondeVivir.com, and had been a force that is driving its purchase by Navent, a Argentine classifieds website. Pedro began searching for their next project immediately after the purchase, landed on the industry that is dating. Learn Pedro’s advice for entrepreneurs going as a challenging settlement in this episode.

Mi Media Manzana desired to function as eHarmony of Latin America, but that model doesn’t change well to mobile. In Latin America, where many people are accessing the world wide web through smart phones, online dating sites had to be mobile-friendly. That’s why Mi Media Manzana resembles a social networking, where singles in search of relationships can mingle freely online. Pedro had been therefore confident in the Latin American relationship industry that he spent a lot of his or her very own cash to the app before interested in investment. Pay attention to this episode exactly how Pedro pioneered the internet dating industry in LatAm.

Pedro’s advice to LatAm founders increasing capital abroad

Pedro has raised four rounds for Mi Media Manzana, from investors in Peru, Southern Korea, while the US. Their advice to founders will be raise money in the home first, before looking abroad. US investors will spend attention to Latin United states startups in the event that group, the traction, plus the idea are there any. Nonetheless, he claims that increasing money in Latin America is the other of this United States; always check the rest out of this episode to discover why.

Pedro had been active in Peru’s startup ecosystem before it also formally existed. Now he is building Mi Media Manzana into a local company, focusing on the largely untapped Latin American relationship market and gaining the eye of worldwide investors. Pedro could be the very first Peruvian business owner to seem on Crossing Borders, whenever you have an interest in Peru’s startup ecosystem, you ought to positively check always down this episode.