PE & VC at @ArqosCapital, a Venezuela-focused fund. Former HF analyst. Having fun & learning at Sleepwell. Infinitely curious. Take your pleasures seriously.
Miami or Caracas
Joined November 2020
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Francisco Amador | Sleepwell retweeted
If you're a Venture Capitalist or Angel Investor, and are interested in attending the Demo Day of Casa212 (first startup accelerator/residency program in Venezuela) on December 12th in Caracas, please DM me
We have 7 amazing founder teams that will be presenting that day.
🚀🇻🇪
Francisco Amador | Sleepwell retweeted
Casa212, una nueva residencia para fundadores que combina inversión, alojamiento, espacios de trabajo y acompañamiento durante 12 semanas, inicia operaciones en Caracas con una primera cohorte de siete startups: bit.ly/3TCkdAL
Francisco Amador | Sleepwell retweeted
We're asking listed companies to open their pre-silent calls.
The problem is who's in the room – and more to the point, who isn't.
I don't think this is about bad actors. IR teams are not trying to leak. Analysts are doing the job they're paid to do: know more than the analyst next door.
That incentive is legitimate when everyone works from the same public information. It turns gray when the information depends on who got invited.
A useful, legitimate conversation is happening behind closed doors, and that is the entire problem.
Read the case for open calls: quartr.com/newsroom/from-the…
Francisco Amador | Sleepwell retweeted
Wake me up when AI can write like John Steinbeck to Marilyn Monroe 😂
Francisco Amador | Sleepwell retweeted
I’m starting a new show with @Quartr_App.
It’s called Ordinary Business, and somehow I’m the host. I met @haris_chc and @oliverhamrin here earlier this year through a shared interest in old annual reports, business history, and design. They were looking for someone to make a show. I was looking for my next project, and some new collaborators.
I didn’t know they’d be in Sweden.
Here’s the first episode.
Francisco Amador | Sleepwell retweeted
Our chat with Francisco Amador @SleepwellCap on:
* Venezuela’s Economic Reopening Creates a New Investment Opportunity
* Investing in Venezuela: Valuations, Risks and Early Opportunities
* Venezuela’s Capital Markets and the Challenge of Investing
* Jake’s Veggies: Interest Rates, Market Cycles and the Stockdale Paradox
* Can Venezuela Become an Investable Economy Again?
* Private Equity and Venture Capital Opportunities in Venezuela
*NEW EPISODE* VALUE: After Hours (S08 E26): Beyond the Sanctions: Venture capital and private equity investment in Venezuela - Francisco Amador
Venezuela’s Economic Reopening Creates a New Investment Opportunity
Investing in Venezuela: Valuations, Risks and Early Opportunities
Venezuela’s Capital Markets and the Challenge of Investing
Jake’s Veggies: Interest Rates, Market Cycles and the Stockdale Paradox
Can Venezuela Become an Investable Economy Again?
Private Equity and Venture Capital Opportunities in Venezuela
acquirersmultiple.com/?p=552…
Francisco Amador | Sleepwell retweeted
We wrote a second Open Letter to the Board of Directors of Golfzon Holdings.
After H1 2026 results, we believe that the fair value is upwards of 31,000 KRW per share vs the offer price of 6,700 KRW per share.
In the letter, we particularly highlight how the Board's conduct has not upheld its duty of loyalty to all shareholders in four respects:
– The Board approved the fairness of the tender offer while declaring itself neutral and disclaiming the price.
– The Board concluded the valuation was fair but disclosed none of it.
– The Board is silent on the sale of Golfzon County.
– The Board waited 35 days to speak, leaving shareholders just two days before the tender offer expiry date.
LINK BELOW ->>
Francisco Amador | Sleepwell retweeted
Quedan solo 5 dias para aplicar a Casa212, la primera aceleradora con residencia en Venezuela.
No tienes que vivir en Venezuela ni ser Venezolano, el unico requisito es estar dispuesto a construir en Caracas durante 12 semanas intensivas.
Aplica en casa212.com
De la mano de los fundadores de Yummy y Arqos Capital, Casa212 será la primera residencia para fundadores de startups en Venezuela: un programa de doce semanas que combina inversión, mentorías y convivencia. Inscripciones abiertas hasta el 15 de agosto:
ecosistemag.com/venezuela-te…
Francisco Amador | Sleepwell retweeted
We wrote an Open Letter to the Board of Directors of Golfzon Holdings.
tertoncapital.com/letters-an…
We are strong believers in the corporate governance reforms that are unfolding in Korea and would like stakeholders, including shareholders, employees, customers, and society, to understand the facts and actions behind the tender offer made by SJ Investment Holdings, a vehicle directly tied to the former CEO. We believe that this transaction undermines Korea's corporate governance efforts and credibility, and potentially dampens foreign investor appetite for Korean equities.
Francisco Amador | Sleepwell retweeted
I suspect Sequoia selling this one in 2006 for a quick 45x after 1 year might ironically be the worst investment mistake in history.
Francisco Amador | Sleepwell retweeted
The early track record and hit rate at Accel is off the charts considering they were doing early stage venture:
Out of 45 exits in 10 years, only 7 lost money.
Francisco Amador | Sleepwell retweeted
On 1961, Arthur Rock and Tommy Davis setup Davis & Rock, the first venture capital vehicle as we know it today (GP/LP structure)
It promised to make concentrated bets on a dozen or so ventures. What seemed like a reckless idea to modern portfolio theorists was totally sensible to them for two reasons:
First, buying just under half of a startup’s equity, the partnership would get a seat on the board and a say in their strategy exercising a measure of control over the assets.
Second, they would only invest in ambitious, high-growth companies whose value might jump at least tenfold in 5-7 years. Most startups would fail but the winners would have to win big enough to make the overall portfolio a success.
Having discarded conventional investment wisdom they also realized that people, not financials, were all that mattered at this stage. The central principle became “Back the Right People” or as Rock liked to say finding “intellectual book value”.
The firm proceeded to make 15 total investments from $3.4 million it raised and in less than 7 years it returned $77 million to its investors, or 22.6X. The fund’s gains came primarily from its investment in Scientific Data Systems (acquired by Xerox eventually) and Teledyne.
This opened the floodgates to startup investing and the modern Venture Capital era began.
Source: The Power Law by Sebastian Mallaby
Francisco Amador | Sleepwell retweeted
I had no idea that venture capital was originally called ADVENTURE capital, why did they change the name??
Francisco Amador | Sleepwell retweeted
"Many thousands of Costco’s U.S. hourly workers have over $1 million in their 401(k) accounts" – WSJ
Francisco Amador | Sleepwell retweeted
the reason and lesson here was not about concentration at all, but exploiting a segment of the market that nobody was looking at.
