Brazil’s Bet on Foreign Entrepreneurs

20121103-_DSC0014

OZY

Believe it or not, the Silicon Valley isn’t the only force of gravity in the tech startup world that’s sucking up talent. A ways south of the Rio Grande, some of Latin America’s biggest cities are starting to buzz with the same entrepreneurial fervor that the Bay Area is famous for. According to LAVCA — a group that tracks private investment across Latin America — private equity groups and venture capital firms invested $8.9 billion in Latin America in 2013, marking a $1 billion increase since 2012.

Since the early 2000s, Brazil’s economy had been riding a growing economic wave, thanks largely to reforms led by its former Socialist president, Luiz Inácio ”Lula” da Silva. When Lula left office, Brazil’s economy was growing at a rate of 7.5 percent. Continue reading on Ozy…

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s