π What Do You Know About Locaweb?: You Probably Heard About #10 [I'm No Economist]
The untold stories of one of the biggest success cases for tech in Latam
Welcome to You Probably Heard About by I'm No Economist π
You Probably Heard About is sent out every Friday by the end of the day and is a summary of big numbers, what's hot in finance and tech this week, and what's important to keep on the radar.
π Share I'm No Economist with your friends
I'm No Economist is a newsletter about global investment trends.
Here you'll read research digests and updates on what's going on in Venture Capital, Private Equity, and Global Macroeconomy - all subjects I'm fascinated with and have loosely held, strong opinions about.
Share I'm No Economist with your friends and stay up-to-date with the latest trends in the money world π°
π Giants of SaaS is out there!
Yesterday, in partnership with the amazing team at SaaSholic, we launched βGiants of SaaSβ!
This is a very, very special project that's been in the making for some time now. It took us extensive research, interviews with the founders, executives, and analyses from renowned investment firms so we could tell the untold stories of category-defining companies in Latam.
We are very proud of the journey of local SaaS entrepreneurs and have decided to share with the world, in English, these captivating stories of companies that pioneered the internet in the region.
The first edition covers the untold stories from Locaweb, (BVMF:LWSA3).
Famous for its more than 20 acquisitions, including Vindi, Squid, Octadesk, and many others, the company that provides hosting and e-commerce platform for over 600,000 SMEs was launched in 1998 with the founders' own capital, Gilberto Mautner and Claudio Gora, and in 2022 it had a revenue of R$1.13 billion (~ US$ 225 million).
This and the next articles will feature stories from the companiesβ early days, interviews with executives and founders, and analyses from renowned investment firms.
Embark on an immersive reading experience about one of the biggest success stories of companies that pioneered the digital entrepreneurship ecosystem in Latam.
Hope you enjoy it!
π To everyone that made this happen
First of all, thanks to the team at Locaweb for sharing their untold stories with us.
Locaweb's story was told by SaaSholic and I'm No Economist but was made by brave Latam founders and executives who challenged an incipient market and helped inaugurate the internet in Brazil. We're simple messengers.
Thanks to Gus, Will, and Diego partners at SaaSholic, who trusted I'm No Economist to co-author this first edition of Giants of SaaS. Sharing these stories with the world along with you guys is such an honor.
The knowledge generated by this series shows how much the firm is on the right path when it comes to investing in ambitious founders that build category-defining businesses.
Last but not least, I would like to thank you for your audience. I'm No Economist readers are what makes this brand stay alive. I'm pumped for what's next!
If you're pumped too, make sure to share I'm No Economist with your friends!
π§π· Brazil
Friday, July 21st
Government revenues (Previous BRL 176.81B // Forecast BRL 170.7B)
πΊπΈ U.S.
Tuesday, July 18th
Annual retail sales (Previous 1.6% // Forecast 1.1%)
Monthly retail sales (Previous 0.3% // Forecast 0.3%)
Business inventories (Previous 0.2% // Forecast 0.1%)
Monthly industrial production (Previous -0.2% // Forecast -0.1%)
Annual industrial production (Previous 5.3% // Forecast -0.5%)
π If you like I'm No Economist, share it with a friend
I'm No Economist is a newsletter about global investment trends π°
Here you'll read research digests and updates on what's going on in Venture Capital, Private Equity, and Global Macroeconomy - all subjects I'm fascinated with and have strong opinions about.
Talk soon,
L.