The biggest AI winners of 2025 were rarely the people who understood the technology best. Most of them simply owned the equity early, back in 2019, and sat still while the rest of the market caught up years later.
Alejandro Betancourt López was one of them, and the roughly 20x return he has cited publicly says as much about his method as it does about the sector. The habit of arriving early runs through his whole record.
Owning the Equity Early
His AI return, booked through O’Hara Administration roughly five years before he spoke about it, is a function of timing, patience, and an investment structure that penalizes neither. He got in when the price was low and the story unproven.
His way of finding these bets is more operational than analytical. He keeps coming back to one principle: the team matters more than the thesis. Capital eventually finds every credible thesis, so the companies that actually execute are set apart by who’s running them. Money flowing into a hot sector eventually finds every credible thesis, so who’s actually running a company ends up mattering more than how good its market looks on a slide.
A Track Record of Early Entries
The AI bet was no one-off. He picked up Spanish VTC licenses in 2014, ahead of Uber’s arrival, and he backed Hawkers in 2016 before anyone was calling social-first retail a category worth naming. Both looked contrarian at the time.
Each move rested on the same read: buy into the shift before the market agrees it’s happening, then hold through the uncertain stretch that follows. The discomfort of being early is the cost of the eventual markup, and he’s willing to pay it. Comfort and consensus, in his experience, tend to arrive right about the time the easy money is already gone.
Where He’s Pointing Next
O’Hara’s focus has widened to robotics and technology manufacturing alongside AI, areas he describes as part of one thesis: that physical-world applications of AI will produce the next concentration of value. It’s the same instinct aimed at a new frontier.
He has said publicly that these carry more risk than his earlier bets, and that lining up the right partners before the market prices the opportunity is the entire objective. It’s the 2014 and 2016 playbook again, pointed at a newer and less certain frontier.