Outsourcing: Martin Migoya, CEO Of Globant (Part 7)

By Sramana Mitra and guest author Rajesh Nair

Sramana Mitra: What is happening in Buenos Aires? In 2007, I did strategic planning for MercadLibre, a client of mine. l learned a lot about what was going on in Buenos Aires then, and I learned at that time that entrepreneurship was about to happen in a big way. Are you helping younger entrepreneurs in Argentina?

Martin Migoya: Yes, absolutely. Have you heard of Endeavor?

Sramana: Yes, I was coming to that right now. I want to hear more about Endeavor.

Martin: They were doing a lot of things. I am on the board of directors, and we are helping young entrepreneurs to go to the next level. In Argentina, there are a lot of entrepreneurs and many of them do not have the right attitude, the right focus to make their businesses global and successful. So, we are working around that. We are coaching entrepreneurs. We are making summits where we invite [entrepreneurs]  for talks, listen to the challenges. We prepare them; we train them. One of the most important things is that  you need to live by example. MercadoLibre is a great example for many entrepreneurs in the region. We would like to follow the same route. We would like to become a good example so they can develop those global success stories.

Sramana: How many entrepreneurs are  there in the technology sector, whether it is outsourcing or product companies whichever way. How many entrepreneurs are serious entrepreneurs working in Latin America today, in your opinion?

Martin: That is a difficult question. I don’t have any statistics on it.

Sramana: I will give you an example. I just came back from India, and there are somewhere between 2,500 and 3,000 serious entrepreneurs working in the technology sector in India.

Martin: Well, just for an example, in Brazil, you have at least – if you consider companies like Groupon -– there are roughly 1,500 serious entrepreneurs. Argentina has around 150 entrepreneurs.  The same in other countries such as Chile, Uruguay, Colombia, and Mexico. So, there are a lot of companies in the region. You cannot compare with India, which is one billion people. There is a huge difference between Latin America and India.

Sramana: Are you seeing the incubator phenomenon happening much in Latin America? We see lot of incubators coming up in the U.S.  and in other parts of the world.

Martin: Yes. I see many incubators happening here, but incubators had happened in 2002 and did not succeed. I don’t see how they would really be successful, although there is always  a need to have problems resolved.  What is required is to be more efficient on delivery, to be more efficient on transactions  over the Internet, to be more efficient in all other aspects.

Sramana: I am very happy to see a great company coming out of Latin America, particularly Argentina. I was especially fascinated by Argentina.

Martin: That is great. I promise that you will see us around.

Sramana: Very well! Martin, good luck.

Martin: Thank you.

This segment is part 7 in the series : Outsourcing: Martin Migoya, CEO Of Globant
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