Regulatory & FX Challenges in Mexico | Building as 1st vs. 2nd Time Founder | The Parallels between MLB Scouting & Building a Startup | Ryan Croft, Co Founder & Chairman of Pacto

Ryan Croft, few people have a background as diverse at the intersection of baseball and tech, from scouting baseball talent in the Dominican Republic to founding multiple tech companies. In 2013, Ryan co-founded TransitScreen, a mobility data platform that scaled across 40 plus cities in the United States. Now he's back in the founder seat, building Pacto, an enterprise fintech startup in Mexico with backing from Dila Capital, Femsa Ventures, 500 Global, and several other prominent investors. In our conversation, we'll explore the parallels between baseball scouting and startups, the challenges of building a company in Mexico as a foreigner, what it's like to be a second time founder, what's easier, harder, and why he wanted to build another company, and much more. Chapters00:00 Who is Ryan Croft?00:46 Early Years08:25 Parallels between MLB Scouting & Building a Startup10:44 Building TransitScreen: The Intersection of Mobility and Technology12:51 What is TransitScreen?16:26 TransitScreens' Product Evolution18:22 The TAM Wasn't Big Enough19:17 Why Launch Another Startup? Why Mexico? 20:47 Pacto: The Toast / Square for LATAM?22:02 Experience as a 1st vs. 2nd Time Founder 23:05 Nuances of Building in Mexico25:09 Evolution of Leadership Style26:07 Regulatory & Fx Challenges in Mexico 27:37 How do you Hire a Great Team?29:03 Final ThoughtsSend us Fan MailCut The Check w/ Mack Meyer is a podcast about venture capital, startups, and entrepreneurship in Latin America and beyond.New episodes drop every week.Subscribe on SpotifyStay connected with us on Twitter, LinkedIn, Instagram,Have a guest suggestion? Email us at [email protected]