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

Whenever Latin America shifted suddenly to mobile during the early 2010s, the online dating industry 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 enough 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 investment that is undisclosed Axon Capital Partners.

I sat straight down with Pedro Neira in this episode of Crossing edges 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, in addition to future of Mi Media Manzana.

Pedro didn’t realize operator until his 3rd startup

A number of my past visitors in the show called themselves “accidental business owners” them to innovate because they never realized their careers would lead. 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 financial meltdown. Just after beginning a few Internet companies when he gone back to Peru did Pedro understand their job path ended up being unique. Check away this episode of Crossing edges to read about Pedro’s three startups, and exactly how they prepared him to receive Mi Media Manzana.

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

After their 2nd startup failed, Pedro along with his co-founders found on their own within an uncommon situation; that they had the team, although not. Ultimately, Pedro and their team created Peru’s largest real-estate portal, AdondeVivir.com, and had been a driving force in its purchase by Navent, a Argentine classifieds website. Pedro began interested in their next project right after the purchase, and in the end landed regarding the dating industry. Find out Pedro’s advice for business owners going in to a negotiation that is challenging this episode.

Mi Media Manzana desired to end up being the 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 myspace and facebook, where singles shopping for relationships can mingle freely online. Pedro ended up being so confident when you look at the Latin American dating industry he spent most of their own money to the software before looking for investment. Pay attention to the episode to listen to just how Pedro pioneered the web industry that is dating 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, and also the United States. Their advice to founders is always to raise money in the home first, before searching abroad. US investors will probably pay attention to Latin United states startups in the event that united group, the traction, therefore the idea exist. But, he claims that increasing money in Latin America may be the reverse United States; always check out of the sleep of this episode why.

Pedro had been 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 focusing on the largely untapped Latin American relationship market and gaining of worldwide investors. Pedro could be the very first Peruvian business owner to look on Crossing Borders, if you want in Peru’s startup ecosystem, certainly always check this episode out.