Evelyn Gómez is the Program Manager for UTEC Ventures. We recently got together in Lima, Peru, to discuss the startup and venture capital scene in Peru, along with her role at UTEC.

The interview has been edited for clarity.


Sure, the word has a negative connotation, but being part of a mafia is generally good for technology and startups. In startup land, a “mafia” is a group of early employees from a previously successful tech company who spin out to start other independently successful companies. Not only do members go on to create new startups and all the wealth, disruption, and job creation that comes along with that endeavor, but many also go on to become capital providers to other entrepreneurs as VCs and angel investors. This contribution to startup ecosystems became famous thanks to the “ PayPal Mafia”…


Famed venture capitalist and author Brad Feld once mentioned in his book “Startup Communities” that it takes about twenty years for a vibrant startup community to develop in a city. These evolutions don’t just happen out of nowhere and need intentional efforts from influential stakeholders in private and public industries to build the foundation necessary for entrepreneurs to thrive. Few ecosystems have been able to execute on this ecosystem building as well as Singapore has. Using Feld’s twenty-year timeframe is suitable for looking at this nation’s development from an emerging market to a highly advanced ecosystem, currently ranking #17 in…


On a recent podcast I hosted with Cristobal Perdomo of Jaguar Ventures, we got on the topic of exit opportunities for startups in LATAM (you can listen to the episode here). It became something I couldn’t get my mind off of, so today, I’m going to cover some of the trends around exits in the region and why they’re essential.

First, the basics, why are exits so important anyway? Set aside for a second that VCs are liable to return cash to their LPs when a fund’s lifecycle is complete. What does liquidity do for an emerging startup ecosystem? It…


Last week, the Philippines government, specifically the Department of Trade and Industry (DTI), announced a new USD 5M fund to support local startup establishment and expansion. The news is part of a continuing initiative that started with the country’s Innovative Startup Act. Although the guidelines are not yet final, the venture fund aims to provide equity financing to qualified, innovative startups with high-growth potential and supports product R&D, manufacturing, and sales & marketing initiatives.

The Senate introduced the Innovative Startup Act (RA1137) in 2017, but President Rodrigo Dueterte didn’t officially sign it into law until 2019. The bill aims to…


In February, South Africa’s Treasury announced in its 2021 budget statement that it would not be renewing the country’s 12J investment tax incentive even though the clause has helped the startup ecosystem in South Africa grow quickly over the last few years. The Treasury has stated that the initiative hasn’t achieved its original objectives and will let it expire on June 30. Today I will walk through Section 12J, why it has been good for South Africa’s economy, and why getting rid of it altogether is a mistake.

In 2009, South Africa introduced Section 12J into its tax law to…


Earlier this month, the military in Myanmar staged a coup against the National League for Democracy (NLD) party. You can read more background on the situation here. The short of it is this: after over 60 years of alternating between military and civilian leadership and decades of sanctions used to incentivize the country to enact pro-democracy reformations, Myanmar finally began this process in 2011, leading to its first official democratic election in 2015. …


This month, MAGNiTT released a report covering the 2020 funding for the MENA (Middle East & North Africa) region. For context, MAGNiTT is the largest online community for startups across the MENA region. The firm is based out of Dubai and creates monthly research reports for subscribers to track industry trends and access insights on the MENA startup ecosystem. This most recent report, titled the 2021 Emerging Markets Report, is the first to include Pakistan and Turkey. In this post, I want to cover some of the high-end takeaways in the region.

The big headline is that startups in the…


Last month, Google and the International Finance Corporation (IFC) released a joint report titled e-Conomy Africa 2020 focused on Africa’s booming internet economy and some of the emerging trends driving it. The full report is 80-pages long, but the content has significant insights into the future of technology, startups, and venture capital for the continent.

By the end of this year, projections show Africa’s internet economy is to reach $115B. The analysis concludes that this figure can amount to $180B by 2025, measuring 5.2% of the continent’s GDP.

Several vital drivers are fueling this growth. African citizens have increased access…


There has been much activity in the Indian investing scene in 2020. The world’s second-most populous country of 1.3B people creates enormous opportunities for a large customer base of which technology startups can take advantage. India ranks the third-largest startup ecosystem, receiving over $10B in venture capital in 2019. It isn’t just startups receiving investments, as individuals in the country gain access to mobile devices and internet connectivity, prompting large investments into companies providing mobile infrastructure. The most prominent example of this are investments of around $20B this year alone in Jio Platforms, India’s largest digital services firm. Well-known technology…

Zeb Hastings

I travel the world and write about venture capital and startups. Follow along at my website: https://vagabond.vc

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store