With US-based VCs such as Benchmark, Redpoint and General Catalyst backing start-ups in Brazil and other parts of Latin America, the spotlight is shining on the region’s burgeoning entrepreneurial communities. In fact, the capital invested in IT companies in the region grew 94% between 2009 and 2010, according to 2011 LAVCA Industry Data .
To discuss this important trend, Cate Ambrose, President & Executive Director of LAVCA and Ariel Muslera, Region Advisor recently traveled to Silicon Valley to participate in the 2011 Endeavor Entrepreneur Summit , which took place from June 28-30.
Ms. Ambrose presented “An Overview of Private Equity and Venture Capital in Latin America” to a select group of Silicon Valley-based investors, providing an outline of the state of VC investments, exit markets, availability of capital and shareholder rights in the region.
Mr. Muslera hosted a workshop entitled “Negotiating a Term Sheet: The Devil is in the Details,” where he showed entrepreneurs the critical elements of a term sheet through an interactive, mock negotiation process.
Look for more insight into the growing relationships between Silicon Valley and Latin America during the VC Program at the 2011 LAVCA Summit.