People keep asking if I’d invest in Venezuela. The answer is yes. I already have. The company is called Yummy. Today, it operates at real scale in Venezuela with 35M+ orders a year, 60% YOY growth, and 100,000+ gig workers, effectively creating the modern day gig economy in Venezeula. Back in 2021, when it was still a little known startup, I became Yummy’s largest investor at a single digit million valuation and encouraged the founder Vicente to apply to Y Combinator. At the time, I was not sure they would get in, but they somehow did. This was one of the last, and certainly the scariest investment I made in emerging markets, as I have spent most of my time lately deploying personal capital across private and public companies in the US. For anyone looking for tech exposure to Venezuela, Yummy would be a unique blanket bet. Ride sharing, food delivery, grocery delivery, a peer to peer marketplace, and merchant enablement all inside one platform. @metavarce is the first person to build a tech startup at this scale in Venezuela (outside of telecom) when most people thought it was crazy. Since he wrote the first line of code, more than 80 tech startups have emerged in the country. He built Yummy with his hands tied behind his back, yet the results are remarkable. Yummy is already a case study at Harvard, and I expect it will be studied for many years to come.