All posts tagged uber

  • TropicalGringo Portfolio: Tappsi exit good news for ecosystem

    Tappsi ExitAs some of you know, one of the startups that I advise is Tappsi, the leading taxi-hailing company in Colombia. Recently, the company announced their merger with Easy Taxi.  Not only is this a good outcome for the company’s talented founders, shareholders (such as myself) and the Colombian startup ecosystem (particularly, for investors and potential investors), but it is a logical next step in the company’s evolution and allows it to play the long (regional) game as part of bigger company.

    Though this outcome may have been a surprise to some, it was a scenario that the founders (and myself) always saw as one of several probabilities down the road. This space was quite obviously destined for consolidation (especially, from a regional perspective).  In such a market, as many know, you can be the consolidator of several markets (countries) or, if you can build dominance in one lucrative market (country), you can, later, join forces with that same consolidator through a merger, acquisition, etc.

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  • Interview with Tappsi CEO Juan Salcedo

    Juan Salcedo

    It was quite a treat last week to interview someone that I’ve gotten to know a lot better during the past couple of years, first, as Advisor to the company he co-founded called Tappsi, makers of the leading taxi hailing app in Colombia, and more recently as an Executive Vice President at that same company.  During this interview, part of a series for Startup Grind, I asked Juan about his journey towards becoming a successful startup founder (from Colombia to Canada and back) and the challenges of being the CEO of a startup that gets to compete with well-funded giants such as Uber.

    When Juan told me about Tappsi more than two years ago and introduced me to his co-founder, Andres Gutierrez, I had never seen growth numbers in Colombia such as the ones they were sharing with me (nor since).  It was absolutely phenomenal.  As Jerry McGuire might say, “you had me at 5000 downloads.”  I became their advisor when the company consisted only of the two co-founders.  Today, the company now boasts more than 80 employees.

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