Paulo Passoni, Valor Capital: Speed Is the Last AI Moat

Paulo Passoni is Managing Partner at Valor Capital — one of the most active crossover investors in Latin America, with positions in Nubank, Plata, CloudWalk, and dozens of public tech companies globally. This is round two with Paulo, following the most-played episode in J Curve history.We cover why speed is the last real moat in the age of AI, why Anthropic may be a safer bet than OpenAI, the hiring rule at Perplexity that sounds insane until you understand what it unlocks, the 10,000-year clock Jeff Bezos is building inside a mountain and the founder mindset behind it, how capital markets are pricing Ramp vs. CloudWalk at radically different multiples despite similar revenue scale, why the Mag 7 (Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla) now sit at the center of global power dynamics, why LPs and capital allocators remain split on LATAM and what each side is optimizing for, and what it means to be deliberately more human in the age of AI.Subscribe to The J Curve Insider newsletter for deeper insights and follow Olga on ⁠⁠⁠⁠⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠⁠⁠.⁠⁠⁠⁠⁠⁠⁠⁠