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About Diego Serebrisky

Diego Serebrisky is co-founder and managing partner of Dalus Capital, a venture capital fund investing in Latin American tech startups across inclusion (fintech, healthtech, edtech), business productivity (AI, SaaS) and climate innovation.

Planet warming is accelerating

Global temperatures are on the rise, shattering numerous records in 2024. It appears we’ve already surpassed the critical 1.5°C threshold set by the Paris Agreement, much earlier than climate models anticipated. With this acceleration in warming, we’re seeing the onset of more extreme weather worldwide. The essence is simple: greenhouse gases trap more energy on our planet, leading to higher temperatures, which in turn fuel weather events.

Charts illustrating this trend are unmistakable.

Chart of global surface temperature anomalies versus pre-industrial levels, 1940 to 2024, with 2023 and 2024 above the 1.5°C Paris limit.
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Mapping Green Frontiers: The Next Edition of Our Latam Climate Innovation Startup Radar 🌿

Two years ago, we launched the Latam Climate Innovation Startup Radar 🌍, aiming to spotlight the vibrant ecosystem within our region and, hopefully, foster its growth. Today, I’m thrilled to announce that our Startup Radar has received a significant upgrade! We have reached almost 300 startups🚀!

At Dalus Capital, we’re firm believers in the transformative power of innovation, especially when it’s directed toward our planet’s well-being 🌱. That’s why we’ve dedicated time and effort to enhance our Climate Innovation Startup Radar.

In this edition, we’ve refined the radar’s taxonomy, introducing key improvements to sharpen its precision and relevance. Moreover, we’re transparently sharing the logic and insights behind each category. From cutting-edge technologies to intelligent sustainable solutions, we’re revealing it all 🧠.

Of course, in a field as dynamic and expansive as climate innovation, it’s possible we might have overlooked some remarkable startups. If that’s the case, please reach out. We’re eager to include any we’ve missed in our upcoming edition. Join us on this pivotal journey to combat the existential threat of climate change! Your involvement is crucial. Together, we can build a strong, supportive ecosystem for these startups to flourish 🌿.

Dive into the Latam Climate Innovation Startup Radar here: https://docsend.com/view/32us2m3aqxmgvv5b

Discover our latest thinking on the refined taxonomy here: https://bit.ly/3U12SiG

Have suggestions or want to add a startup? Let us know here: https://bit.ly/3ktvP7v

To delve deeper into Climate Innovation in Latam, visit: latamclimatewiki.com

Dalus Capital Latam Climate Innovation Startup Radar

Ahead of the Curve: 2024 Investment Outlooks from Top Global Banks

Vintage photo of a man at a chalkboard with a quote: if one equity analyst says it's raining and the other says it's sunny, an investor should look out the window.

A new year means a fresh set of predictions from the financial world’s powerhouses. I didn’t whip up this list myself, but it landed in my inbox and it’s too good not to share. These forecasts from global investment banks and asset managers could help in navigating 2024’s economic landscape. Have a look and see what might be on the horizon.

U.S. Banks

European Banks

Asset Managers

Holiday Book Recommendations for December 2023: Fiction and Non-Fiction

As the holiday season approaches, it’s the perfect time to read some good books. Here are my recommendations for both fiction and non-fiction reading, based on recent books I have read.

Fiction

Cover of The Goldfinch by Donna Tartt.
  • The Goldfinch by Donna Tartt: A Pulitzer Prize-winning novel that weaves an intricate narrative of loss, obsession, and art, filled with unexpected twists and turns.
  • Simple Passion by Nobel Prize 2022 winner Annie Ernaux: This candid memoir explores the depths of love, longing, and the consequences of passion, showcasing Ernaux’s powerful narrative style.
  • The Red-Haired Woman by Nobel Prize winner Orhan Pamuk: A lovely tale that chronicles a young man’s journey, intertwined with the enigma of a mysterious woman, resulting in a life-altering obsession.
  • QualityLand by Marc-Uwe Kling: A refreshing and easy-to-read sci-fi novel that vividly paints a future dominated by social media and extreme data analytics. This satirical narrative humorously yet grimly reflects on a world where algorithm-driven companies and governments hold sway, drawing parallels to contemporary developments like China’s social credit system.

Non-Fiction

Cover of When McKinsey Comes to Town by Walt Bogdanich and Michael Forsythe.
  • Hiking is Fundamental by Barbara Kipfer: A comprehensive guide to hiking, perfect for both novices and experienced hikers.
  • When McKinsey Comes to Town by Walt Bogdanich and Michael Forsythe: A critical look at the influential consulting firm McKinsey & Company, revealing controversial aspects of its work. As a former employee, I find some of these revelations particularly surprising.

For more book recommendations, be sure to check out my previous recommendations.

Climate cartoon of the COP28

The sad reality of the COP28…

Cartoon of rock layers below the ground, with 'expectations for COP28' at rock bottom, under the oil and gas deposits.

A Year After ChatGPT, Google Raises the Bar with Gemini 1.0

The advancement of AI is moving at breakneck speed. Google just released Gemini 1.0, and it’s mind-blowing! Check out the video and see for yourself. It’s incredible to think about what these companies might be developing right now and where technology could be in just a few years. Remember, ChatGPT was only released to the public a year ago! 🚀🤯

Read more about Gemini here.

🏆 Award-Winning Exit: Our Investment in Technisys Recognized as 2023’s Best VC Deal by AMEXCAP

AMEXCAP Alebrije 2023 award trophy given to Dalus Capital for its investment in and exit from Technisys.

I’m thrilled to announce that our journey with Technisys, from investment by Dalus Capital to its subsequent sale to SoFi as a unicorn (dive deeper here), has been honored with the AMEXCAP Alebrije award for the Best Venture Capital Deal of 2023 by AMEXCAP, the Mexican Private Equity and Venture Capital Association.

Leading the investment back in 2014 and being a part of Technisys’s adventure as a Board member has been incredibly rewarding for me.

A hearty thank you to AMEXCAP for this recognition.

A Timeless Warning: Carl Sagan on Climate Change 40 Years Ago

Check out this insightful video from Carl Sagan in 1985, which offers a crystal-clear explanation of human-induced climate change. This isn’t new; experts tried to warn us more than 40 years ago.

Individual efforts to cut down on fossil fuel use are important, but we must also rally for larger systemic changes. It’s time to hold governments and corporations accountable for decarbonizing the economy. Vote for policies and politicians that prioritize climate action. #ClimateActionNow

To put it in perspective, the Intergovernmental Panel on Climate Change (IPCC) released its first report in 1990, five years after Sagan’s video. That report already indicated that human activities were likely affecting global climate. We can’t say we weren’t warned.

Chatting Entrepreneurial Journeys on ‘Así Emprendí’ Podcast

Excited to share an episode where I was invited to speak on my friend Alex Rocha’s podcast, “Así Emprendí.” We dive into my entrepreneurial and venture capital stories. Please note, that the podcast is in Spanish.

You can listen to the episode on Spotify:

Also available in Apple Podcasts.

Hope you enjoy and find some value in our conversation!

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Climate cartoon of the week

Just saw this spot-on cartoon by Ruben Bolling, and I had to share it. It brilliantly shows the grim reality of climate deniers, a topic I dug into just a few days ago. Check out my previous post here.

Tom the Dancing Bug cartoon by Ruben Bolling contrasting what we imagined climate deniers would say during climate disasters with what they actually say.