The interest of family offices to invest in innovation and startups is growing. Find out the information in this article of Diario Financiero, where Andrés Meirovich, president of the Chilean Venture Capital Association (ACVC), and our partners of IdeasImpactVC, with its CEO Andres Pesce, give an account of the portfolio of FFOO ElCoigüe.
In Chile, most of the family offices (FFOO) of economic groups invest little in startups and innovation, and when they take the step they do so in isolation, directly and without a strategy. But that is changing.
The director of the Chilean Venture Capital Association (ACVC) and managing partner of Genesis Venture, Andrés Meirovich, says that there is more interest than five or ten years ago and that the global trend, which is beginning to be reflected in Chile, is for the FFOOs to open an area dedicated to venture capital (VC) or to invest through funds.
"Venture capital is a very different asset from the rest, you have to invest through a team of experts, which can be in-house or via funds, but if you do it directly you will most likely do badly," says Meirovich.
He says that the families or groups that have so far bet on an investment model with their own arm and team are few. Among them, Ideas VC, of the Ibáñez-Atkinson family; LGB Inversiones, of the Yaconi Santa Cruz group; and El Coigüe Inversiones, of the Casanueva family of GTD.
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