Picture offered by Alejandro Betancourt
Leopoldo Alejandro Betancourt López is a Venezuelan businessman who bought his begin within the oil and fuel business. He’s a profitable entrepreneur and investor, primarily within the know-how and finance sectors. Betancourt sometimes turns into carefully concerned within the tasks that curiosity him by each investing and serving in high management positions. He additionally credit his success to discovering the precise folks on the proper time.
When Betancourt started his profession as an investor, he examined many corporations that had been experiencing fast development and spent a great deal of time attempting to know the explanations behind their success. He additionally met with individuals who had been constructing startups with the identical ideas, however in numerous elements of the world. These companies typically skilled very totally different outcomes, which Betancourt realized was as a result of folks behind them.
Betancourt feels that he has been very fortunate to work with the precise folks on the proper time. He additionally believes that surrounding your self with individuals who have the precise concept is extra necessary to success in enterprise than being the neatest particular person on the earth. As soon as these folks help you contribute your concepts, these concepts can go on to type an organization. Such an organization can then keep the momentum wanted to change into a hit.
Betancourt has had many mentors throughout his profession which have guided him and offered helpful. He tries to worth everybody’s recommendation however hasn’t at all times taken it. In some circumstances, Betancourt did not take good recommendation, which grew to become a studying expertise for him. He feels that everybody has the “means to actually filter and attempt to take the great and simply reside behind what will not be constructive.” Betancourt provides that the mix of getting good recommendation and discovering folks with the precise concepts is essential for achievement in enterprise.
A easy Google search can discover many individuals with concepts for beginning a enterprise, though figuring out those that can be profitable is much tougher. Some folks suppose this course of is all luck, however Betancourt says that it additionally requires the precise effort and focus. It’s necessary to comprehend that nobody is correct each time. As a substitute, the purpose ought to be to keep up a constructive batting common by studying from previous errors.
Betancourt’s expertise with Hawkers Sun shades supplies a robust instance of how the precise folks can assist a struggling firm succeed. Hawkers was based in 2013 by brothers Alejandro and David Moreno, and their buddies Iñaki Soriano and Pablo Sanchez. The backgrounds of those 4 males are extremely diversified, however they embody experience in programming and graphic design. They’d beforehand launched a web based second-hand webstore referred to as Saldum, which closed in 2012 resulting from an absence of outdoor financing.
The founders of Hawkers began growing different on-line shops whereas they had been nonetheless attempting to salvage Saldum. They selected sun shades as a result of they’re each simple to promote and have a excessive revenue margin. Their first product line was Knockaround Sun shades, which they bought with an preliminary funding of $300. These fashions offered effectively, as did a line of sun shades for girls. Nevertheless, the corporate’s long-term development was restricted by an absence of working capital.
Betancourt grew to become closely concerned with Hawkers in October 2016, when he organized Collection A funding rounds that raised over $50 million. He was capable of safe investments from a number of folks he had already labored with on earlier tasks. These included Felix Ruiz, the founding father of Jobandtalent, the place Betancourt is an investor. Betancourt can be a serious shareholder in O’Hara Monetary, which invested in Hawkers. Betancourt selected these buyers as a result of he knew from his previous affiliation with them that they’d respect Hawkers’ freedom and id, eliminating the necessity for the corporate to alter its mission or enterprise mannequin.
The principle goal of this funding was to consolidate Hawkers manufacturers on the worldwide stage. The corporate additionally used it to increase into markets outdoors Spain, to which Betancourt contributed $24.5 million of his personal cash. Extra makes use of of this capital embody the event of vogue manufacturers like Neon Coco and Polo Membership. Primarily based on the profitable funding efforts, the founders of Hawkers supplied Betancourt the function of firm president. He accepted and nonetheless serves in that function.