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Ep 46 Pedro Neira: Innovating when it comes to Latin American Dating Industry

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

I sat down with Pedro Neira in this bout of Crossing boundaries to listen to about his journey founding four startups, just what it’s like conducting business in Peru, advice for raising money in Latin America and Silicon Valley, therefore the future of Mi Media Manzana.

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

A number of my previous visitors in the show called themselves “accidental business owners” since they never discovered their professions would cause them to innovate. Not very with Pedro. In place of after their MBA classmates down the consulting track, he labored on a startup in Barcelona prior to the economic crisis. Just after beginning a few Internet companies when he came back to Peru did Pedro recognize their profession course had been unique. Check always this episode out of Crossing boundaries to find out 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 a situation that is unusual they’d the group, not the concept. Ultimately, Pedro and their group created Peru’s largest estate that is real, AdondeVivir.com, and was a driving force in its purchase by Navent, a Argentine classifieds site. Pedro began searching for their next project immediately after the acquisition, and in the end landed regarding the industry that is dating. Learn Pedro’s advice for business owners 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 must be mobile-friendly. That’s why Mi Media Manzana resembles a social networking, where singles interested in relationships can mingle freely online. Pedro had been therefore confident when you look at the Latin American relationship industry that he spent a lot of his or her own money to the application before searching for investment. Tune in to the episode to know exactly 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, while the United States. His advice to founders is to raise money in the home first, before searching abroad. US investors will probably spend attention to Latin United states startups in the event that group, the traction, and also the idea are there any. Nonetheless, he claims that increasing money in Latin America could be the reverse of this US; always check the rest out for the episode why.

Pedro had been active in Peru’s startup ecosystem before it also formally existed. Now he is building Mi Media Manzana as a business that is regional focusing on the largely untapped Latin American relationship market and gaining the eye of worldwide investors. Pedro could be the first Peruvian business owner appearing on Crossing Borders, if you have an interest in Peru’s startup ecosystem, you really need to positively always check this episode out.