Conference Presentation, Panel
The Tech Supercycle: Where Capital Meets Innovation | Global Conference 2026
Milken InstituteDaniel Koffmann, Marlene Garayzar, Scott Sobel, Francis Suarez, André Vellozo, Marlena Górezar, Andre Veoso
- Valor Capital Group projects regional venture capital investment will return to peak levels of $15 billion relatively quickly, driven by capital chasing demonstrated talent and outcomes from companies such as MercadoLibre, NewBank, and Stone.
- The firm anticipates this represents the early phase of a five-year venture fund cycle, noting that despite few funds investing in Latin America after 2023, a shift in investor perception regarding the talent pool is expected to increase volume.
- Scott Sobel expects currency fluctuations to be offset by companies achieving growth rates of 30% or 100% annually over a five-year period, leveraging the resilience of founders who are more fundamentally sound and aware of micro-cycles than U.S. counterparts.
- Specific portfolio expansions include Cloudwalk, generating nearly $2 billion in revenue with 100% annual growth, planned to enter the U.S. market, and WellHub, targeting a U.S. public listing requiring several billion in revenue and profitability.
- Marlena Górezar plans to integrate AI into Story's infrastructure from scratch to accelerate efficiency, predicting the company will become one of the first Mexican unicorns two years post-launch, having achieved self-funding through deposits and profitability since March 2025.
- A super cycle in technology is expected to pay off only if companies invest heavily in infrastructure, with Marlena Górezar emphasizing this requirement alongside the "reverse and inverse innovation" trend where Latin American businesses expand globally.
- Francis Suarez and Andre Veoso identify data ownership and monetization as emerging paradigms where consumers hold ownable assets, leading to new banking models like "data savings plans" where institutions manage user data custody.
- Regulatory stability and the certainty of private property are predicted as the primary drivers of investment safety, with physical safety in cities like Mexico City directly fostering confidence in the ecosystem.
- AI adoption is forecasted to potentially solve income inequality through data-driven opportunities and accelerate financial inclusion in Mexico alongside stablecoin technology, provided the right policies are implemented, though it may initially exacerbate the issue.
- The "socialization of value" through private sector empowerment is viewed as an antidote to socialism, with expectations that data monetization will allow individuals to save assets they produce over the next five to ten years.
- Despite macro headlines, a shift in global perception regarding the region's talent pool and success stories is anticipated to drive investment flows and validate high-growth trajectories.