Tuesday, June 12, 2007

Rio Riches

According to RedHerring, Brazil is the new darling of high-tech and cleantech investors. Much of the $4.6 billion invested in Latin America last year went to Brazil. Draper Fisher Jurvetson recently announced a $40-million early-stage fund financed by Brazilian investors.
“We see it as a large economy with talented people, smart people, some world-class universities,” says Don Wood, DFJ’s managing director. “It’s been essentially starved of the venture capital ecosystem that fuels innovation.” Brazil’s economy, he notes, is slightly larger than Russia’s and on par with India’s. Snippet from RedHerring
The University of Richmond is prepared for this new focus on Brazil, as one of the few professional MBA programs in the country that requires an international consultancy project and a long history of partnerships in Brazil.

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