Mar 29 2008

Early stage Venture Capital in Brazil & Argentina

By John Baeyens | Share This

On our trip in April we are visiting many enterprises and an early stage VC player in Brasil.  The market space offers a unique window of opportunity, both in Brasil and Argentina.   Lisandro bill made an excellent presentation summing up the state of the Argentinian market, most of his slides are also valid when it comes to Brasil.  The Brasilian magazine 'Valor' has an excellent coverage on the Brazilian private equity market in a 2007 special issue.  You can still read it online.  I also strongly recommend reading "Como Fazer uma empresa dar certo em uma pais incerto" from Endeavor.  The latter is very active in Brazil and a must to join when you are eyeing into the Brazilian private equity market. 

Lately I have had many discussions with people on the comparison of Argentina versus Brazil when it comes to private equity opportunities.  Yesterday, Vincent pointed me to this posting of Pablo Bertorello on Venture Capital in Argentina.  Pablo has a point when he states that Argentina has to possibilities to emulate Israel when it comes to VC.  Yet, I wouldn't write off Brasil too much.  Only Brasil has much bigger barriers to enter.   The language, the (business) culture, the business dynamics, the taxation,...  It all depends how you prepare(d) for these barriers, they can be a challenge or an opportunity, depending on your skills and backgrounds.    You have to talk to people like Marcos Gomes (21, CTO of Boo-box) and featured in Results.on -page 52- to understand the nature and potential of a new generation of Brasilian entrepeneurs.

As an introduction: Paulo Veras, CEO of Endeavor on Globo and a feature of one of their investee companies. When you are in Brasi, drop into a Spoletto restaurant, another investee company under the Endeavor wings.