Monashees opens a permanent San Francisco presence: emerging-market funds follow the capital
One of Latin America's oldest and most influential venture capital firms argues the region's next phase requires a permanent Silicon Valley presence.
Per Crunchbase News, Monashees — one of Latin America's oldest and most influential venture capital firms — is opening a San Francisco presence, on the view that the next phase of the region's startup ecosystem requires being permanently based in Silicon Valley. The move is worth reading in any young capital market: when most late-stage money and most potential acquirers sit in the United States, a domestic fund has to import that network for its portfolio.
The point is not the office address but who owns the relationship with the late-stage lead investor and with the corporate development teams that buy companies. Regional funds build a U.S. presence to shorten that distance rather than rely on short trips.
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