I had the pleasure of being interviewed by Deidre Bolton on Bloomberg TV. We discussed the vagaries of investing in emerging markets. What was not discussed but is worth mentioning is how I ended up investing in many of these markets in the first place. Typically we would launch OLX in a new country. Through the process of executing in the market we became familiar with the environment and started meeting local entrepreneurs. We then ended up backing a few startups and it snowballed from there.
We started with Brazil and Russia and recently started investing in Turkey. We just started exploring opportunities in Mexico, Indonesia, Nigeria and Vietnam, though we probably won’t start investing there for a few years.
Let me know what you think of the interview.