The interest of the family offices (FFOO) grows for investing in innovation and startups. Meet the information in this note of Financiero Journal, where Andrés Meirovich, president of the Chilean Association of Venture Capital (ACVC), and our IdeasImpactVC partners, with its CEO Andrés Pesce, and give an account of the portfolio of the FFOO El Coigüe.
In Chile, most of the family offices of the economic groups invest little in startups and innovation. But if they take the chance, they do it in isolation, directly, and without a strategy. But that is changing.
The FFOO have more interest in startups than five or ten years ago, says Andrés Meirovich, Director of ACVC and Managing Partner of Genesis Venture. This worldwide trend, focused on the operation with areas dedicated to venture capital (VC) or invests through funds, is beginning to be reflected in Chile.
“Risk capital is a very different asset to the rest, you have to invest through a team of experts, which may be internal or via funds, but if you do it directly, it is that you go wrong,” says Meirovich.
The families or groups who have an investment model (with a dedicated team) are still few, he says. Some of them are Ideas VC, of the Ibáñez-Atkinson family; LGB investments, of the Yaconi Santa Cruz group; and the El Coigüe Investments, of Casanueva of GTD.
Read the note here