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Daily Crunch: The Nubank EC-1


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Nubank
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Sequoia and Kaszek Ventures
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Alexander Wilhelm
Darrell Etherington
Jordan Crook
Cory Siskind
Marcella McCarthy
David Velez
Doug Leone
Vitor Olivier
SEAN GLADWELL
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São Paulo
Brazil
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Positivity     44.00%   
   Negativity   56.00%
The New York Times
SOURCE: https://techcrunch.com/2021/06/14/daily-crunch-18/
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Summary

For a balanced perspective, she also spoke to early Nubank investors at Sequoia and Kaszek Ventures, Latin America’s largest venture fund, to find out why they funded the startup while it was still pre-product.“There are people you come across in life that within the first hour of meeting with them, you know you want to work with them,” said Doug Leone, a global managing partner at Sequoia who’d recruited Velez after he graduated from grad school at Stanford.Marcella also interviewed members of Nubank’s founding team to better understand why they decided to take a chance on a startup that faced such long odds of success.“I left banking to make a fifth of my salary, and back then, about $5,000 in equity,” said Vitor Olivier, Nubank’s VP of operations and platforms.“Financially, it didn’t really make sense, so I really had to believe that it was really going to work, and that it would be big.”How contrarian hires and a pitch deck started Nubank’s $30 billion fintech empire(Extra Crunch is our membership program, which helps founders and startup teams get ahead.

As said here by Henry Pickavet