Kaszek

Kaszek demonstrates founder-turned-investor advantage at continental scale. Hernán Kazah (MercadoLibre co-founder) and Nicolás Szekasy (former MercadoLibre CFO) built Latin America's largest VC because they understand the region's unique challenges from operator experience: currency volatility, logistics nightmares, trust deficits. This is costly signaling—their MercadoLibre track record credibly signals competence to founders in ways MBA credentials cannot. Twelve unicorns including Nubank (the world's largest digital bank) prove that local operator credibility in emerging markets beats global brand recognition. Growing from $95M (Fund I) to $975M (Fund VI) shows capital following demonstrated returns.