Viewpoints

One of the key variables a VC fund evaluates when investing in a startup is its TAM — Total Addressable Market. A great team can execute […]

Who is the GOAT of tennis? Djoko, Federer, or Nadal? It depends on how you measure greatness. Each represents a different dimension of excellence. Djoko owns […]

Based on my presentation at SP2B in São Paulo on August 10, 2026. Who will own the next enterprise software moat? The answer may define the […]

Jim Collins’ Good to Great belongs in the pantheon of the greatest management books ever written. Collins set out to answer a simple question: why do some good […]

As we prepare for the launch of Fabrica Ventures Fund III, we decided to publish our investment thesis as a short booklet. We hope it becomes […]

PE firms used to be associated with billion-dollar corporate buyouts. More recently, however, they have been consolidating HVAC businesses, dental practices, veterinary clinics, car washes, and […]

In 1980, Brazil’s GDP per capita was slightly above that of South Korea. Fast forward and the picture has completely reversed. Today, South Korea’s GDP per […]

How about investing in a startup whose mission is to safeguard civilization? That is exactly what Dragos does. The company protects critical infrastructure — known as operational […]

Salesforce announced this week the acquisition of Fin (formerly Intercom) for $3.6B. For comparison, this is about the same market value as Totvs, Brazil’s largest software […]