Scott Sobel co-founded Valor Capital Group with his father, former U.S. Ambassador to Brazil, to create a Brazil-U.S. bridge venture platform, and brings an unusual background as a founding team member of Net2Phone, which he helped grow from early internet telephony software to millions of users, over $200M in revenue, and a $1.4B sale to AT&T. He frames Brazil as a beta market for the world and draws explicit quantitative analogies between Brazil and China's venture trajectory, arguing that Brazil's VC market can grow 7-8x based on hitting similar milestones that China reached in 2003. Scott Sobel co-founded Valor Capital Group with his father, former U.S. Ambassador to Brazil, to create a Brazil-U.S. bridge venture platform, and brings an unusual background as a founding team member of Net2Phone, which he helped grow from early internet telephony software to millions of users, over $200M in revenue, and a $1.4B sale to AT&T. He frames Brazil as a beta market for the world and draws explicit quantitative analogies between Brazil and China's venture trajectory, arguing that Brazil's VC market can grow 7-8x based on hitting similar milestones that China reached in 2003.