
The $1B Pismo Playbook: How Brazilian Startups Beat Silicon Valley at Global Scale
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About this listen
Three ecosystem builders who created $1B+ in exits share the exact strategies behind Latin America's biggest tech wins in this rare roundtable, recorded live in São Paulo with AWS.
Daniela Binatti: Built Pismo into one of Visa's largest fintech acquisitions ($1B cash)
Romero Rodrigues: Sold Buscapé to Naspers for $374M, now Managing Partner at Headline. Early investor in Pismo and Wellhub
Carlos Costa: Valor Capital Managing Partner ($2B+ AUM) behind CloudWalk ($2.15B valuation), WellHub ($2.2B valuation), and Pismo ($1B exit)
Key Insights & Takeaways:
- The "bonds vs options" framework: How Brazilian companies use stable local cash flow to fund aggressive global expansion bets
- Why LATAM-to-LATAM expansion is a trap: Same operational complexity as global markets but with negligible valuation impact
- The 25-year compounding curve: Why Pismo's real growth phase began after the $1B acquisition, not before
- Global infrastructure strategy: Building multi-country, multi-currency architecture from day one vs. retrofitting later
- Market education playbook: Converting banks from on-premise skeptics to SaaS believers across 78 countries
- The Brazil advantage: How a 150M+ user domestic market creates unique pressure-testing for global-ready products
- Timing global expansion: When borderless business models should skip local validation entirely
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