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The CXO Time

Rodrigo de Alvarenga

Rodrigo de Alvarenga

From Finance to Venture Building, Designing Systems Where Innovation Scales with Credibility

Innovation is often described as a spark. Rodrigo de Alvarenga treats it as a system. Founder and CEO of HAG Group and CEO of HAG Consulting, and the leader behind HAG Ventures, he has spent his career translating ideas into investable, credible, and scalable outcomes. His trajectory spans 22 years in the financial sector, followed by a decisive shift into venture building, angel investing, entrepreneurship, and advisory. The throughline is constant: discipline in service of impact.

“Opportunity is earned and shared” is more than a phrase from his early life. It is the architecture behind how he builds companies, educates founders, and designs governance models that make adoption faster and results measurable. Today, he orients teams and ecosystems toward outcomes that last, placing people and purpose at the center of business transformation.

Early Beginnings: Finance as a Training Ground

Early in the conversation, Rodrigo reflected on how his professional journey began with a simple need. He entered financial markets at 18 to fund his degree. The market’s rigor felt like home. Accountability, client trust, and method shaped his approach to decision-making. He grew into leadership roles and learned to read incentives, constraints, and patterns that define capital flows.

He later worked for banking institutions that demand exactness and responsibility, including HSBC, Safra, and Santander. Those years built a foundation he would later reapply to entrepreneurship. Finance taught him that structure and credibility are not the enemies of innovation. They are the enablers of scale.

A Deliberate Pivot: Purpose at the Center

From the outset of our discussion, it was clear that Rodrigo confronted a dilemma as his banking career advanced. The visible markers of success did not fully answer the question of purpose. He chose to step away from a secure path and redirect his skills toward building ventures, shaping innovation strategy, and strengthening governance.

This was a shift by design. He did not abandon finance. He reframed it. The same discipline that guided risk, capital allocation, and fiduciary duty would now guide venture building, entrepreneurial education, and ecosystem design. He founded HAG Group in 2010 and built HAG Consulting as a vehicle for financial and strategic advisory services. From there, he expanded into HAG Ventures, a platform focused on building, accelerating, and investing in startups with tech-based and impact-driven theses.

The Core Philosophy: Minimum Viable Governance

Speaking with Rodrigo underscored his central operating principle: minimum viable governance. He designs governance to accelerate entrepreneurial work rather than slow it down. The method is clear:

  • Use explicit decision criteria so choices are transparent and repeatable.
  • Make trade-offs visible to align stakeholders around real constraints.
  • Track measurable impact so that credibility grows with outcomes.

Too much governance creates drag. Too little governance erodes trust. Minimum viable governance calibrates both. It gives founders and corporate innovators enough freedom to move and enough structure to be believed by investors, partners, and markets. It is how he keeps organizations credible when conditions change.

Building HAG: Strategy, Venture Building, and Impact

HAG Group began with financial and strategic consulting. Over time, it expanded into venture building and portfolio development. At HAG Ventures, Rodrigo and his team create, invest in, and scale startups across sectors that include environmental innovation, energy efficiency, health, education, and social impact. The thesis is pragmatic. Problems worth solving produce businesses worth building. The firm focuses on:

  • Business design and strategic modeling
  • Entrepreneurial corporate education
  • Innovation programs and corporate venture engagement
  • Support for fundraising and capital readiness
  • Impact measurement to link progress with credibility

His leadership style favors hands-on involvement without compromising standards. Teams are expected to learn quickly, iterate responsibly, and remain accountable to customers and investors.

Mentorship, Judging, and Global Ecosystem Work

The longer we spoke, the more a pattern emerged: Rodrigo extends his work beyond the companies he builds and manages. He mentors founders across the United States, Europe, Asia, the Middle East, and Latin America. He has served as a mentor for Singularity University Ventures and as a judge and evaluator for the MIT Innovators Under 35 Award. He has contributed to angel communities as the founder of Brazil’s Angels chapter in Paraná and as a partner at Grow Ventures. His mentorship approach is practical. He helps founders refine decisions, design incentives, and set concrete targets that tie strategy to adoption.

Awards and Speaking

Recognition has followed a consistent body of work. His awards include the Aster Award for Professional Trajectory, First Place for Best Startup Idea, and the HSBC Excellence Award. He has also been ranked among the top experts in B2B, open innovation, startups, and entrepreneurship by leading expert platforms.

As a speaker, he brings both theory and operational experience to stages such as the Global Venture Lab Summit at UC Berkeley and Startup Grind Global Conference in Silicon Valley. His keynotes focus on venture building, entrepreneurial education, ecosystem design, impact measurement, and angel investing. The message remains consistent. Innovation succeeds when people learn to govern uncertainty without suppressing it.

Founder, Investor, Educator

His professional arc includes founding and investing in startups with sustainable and social impact themes. Eco Innovare is one example, rooted in environmental and energy efficiency. As an educator, he has taught Political Science and Economics at the Pontifical Catholic University of Paraná’s Communication and Arts School. He remains active as a visiting professor and in entrepreneurship education programs, sharing practical frameworks for founders and corporate innovators.

Research and Continuous Learning

Rodrigo is a lifelong learner. He is currently pursuing a PhD in Production Engineering and Systems with a focus on venture building. His research bridges entrepreneurial economics, innovation systems, and impact measurement. Academic work informs practice, and practice refines theory. This feedback loop keeps his frameworks current and field-tested.

People at the Center

Ask Rodrigo about the single factor that determines whether a business will endure, and he points to people. Teams either unlock a strategy or limit it. This belief guides how he structures hiring, mentorship, and leadership. He designs organizations with clear roles and shared principles. Trust rises when teams understand the criteria by which decisions are made and when incentives reward adoption and outcomes, not only effort.

Ethics and Credibility

Rodrigo brings a moral clarity that traces back to his upbringing: what is right is right and what is wrong is wrong. Ethics is not a marketing slogan for him. It shows up in how he designs governance, measures impact, and coaches leaders. An organization earns trust when its methods match its message. He expects founders and executives to treat ethics as infrastructure, not as decoration.

Bridging Corporations, Startups, Regions, and Research

His work crosses boundaries. He connects corporates with startups, regions with ecosystems, and research with markets. Corporations contribute scale, distribution, and risk controls. Startups supply speed, focus, and new lenses on value creation. Regions and ecosystems shape talent and capital flows. Universities and research centers provide intellectual property and technical depth. His role is to align incentives across these actors, shorten cycle times, and ensure that promising research does not stall before it reaches customers.

The Playbook: From Idea to Adoption

Rodrigo’s operating playbook emphasizes:

  • Problem clarity before solution design
  • Incentive alignment across all stakeholders
  • Decision criteria that teams can apply without constant escalation
  • Trade-off transparency so teams can move decisively
  • Impact metrics that evolve from leading indicators to adoption and retention
  • Governance that scales with the organization instead of constraining it prematurely

He insists that every program or venture define what adoption looks like and which behaviors will unlock it. Early confusion about adoption criteria becomes a late failure in markets.

Why His Approach Works

Several factors explain the resilience of Rodrigo’s approach:

  • He blends financial discipline with entrepreneurial speed without letting either dominate.
  • He treats governance as a lever for momentum rather than a brake.
  • He prioritizes impact and credibility over theater and hype.
  • He invests in people and systems at the same time, ensuring that capabilities match ambition.

These choices help teams survive shifting conditions and make progress that compounds.

A Word to Founders and Corporate Innovators

Rodrigo advises founders to build credibility early. That means setting standards for measurement, customer validation, and capital readiness from day one. For corporate innovators, he recommends treating internal ventures with startup discipline while leveraging the corporation’s distinct advantages in compliance, distribution, and partnership formation. In both cases, the lesson is the same. Innovation without adoption is theater. Adoption without governance is luck. Sustainable innovation requires both.

Looking Forward

Rodrigo continues to expand HAG’s footprint, deepen HAG Ventures’ portfolio, and contribute to global ecosystems through mentorship, judging, and education. His PhD research informs tools for venture building that blend incentive design, governance models, and impact measurement. He remains committed to the belief that innovation must be useful, not only novel, and that credibility compounds when leaders choose clarity and accountability over noise.

Rodrigo de Alvarenga at a Glance

  • Titles: Founder and CEO, HAG Group; CEO, HAG Consulting; leader at HAG Ventures
  • Roles: Venture builder, angel investor, entrepreneur, consultant, mentor, speaker, board member
  • Finance: 22 years in the sector; leadership roles; experience at HSBC, Safra, and Santander
  • Founded: HAG Group in 2010; also founded Eco Innovare
  • Ecosystem: Founded Brazil’s Angels chapter in Paraná; Grow Ventures partner
  • Programs: Mentor for Singularity University Ventures; judge and evaluator for MIT Innovators Under 35
  • Stages: Global Venture Lab Summit at UC Berkeley; Startup Grind Global Conference in Silicon Valley
  • Research: PhD candidate in Production Engineering and Systems focused on venture building
  • Philosophy: Minimum viable governance that aligns incentives, makes trade-offs explicit, and measures impact

Closing Thought

By the close of our discussion, it was evident that Rodrigo de Alvarenga does not sell innovation theater. He builds systems where innovation survives contact with reality. With HAG Group, HAG Consulting, and HAG Ventures, he aligns people, incentives, and governance so that good ideas can earn trust and scale. His career proves that when discipline and purpose move together, progress becomes durable.