Comment from Héctor Shibata, director of investments and portfolio, AC Ventures

Who does not know companies like Uber, Airbnb, Wize or WeWork today? What is one of the elements that all of them have in common? They all raised venture capital at the beginning of their operations. This type of financing allowed them to grow at times when perhaps no one else was willing to invest in them.

VC refers, as Paul Gompers and Josh Lerner explain, to an important intermediary in financial markets, providing capital to firms that may otherwise…