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Brazil’s Startup Industry: Impressions, Insights & Lessons from Israel (Part I)
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Initial Capital was launched in 2011 as an investment firm targeting early stage startups in Israel and Brazil. The unlikely investment focus is the result of three friends — two Israeli and one Brazilian — turned professional investors.
Our Israeli investment network was rather mature when we launched, so we were able to hit the ground running and in the nine months since our launch, Initial has invested in six Israeli-based startups. In Brazil, however, we spent our first nine months developing a similar network from scratch. Slowly but surely learning and embracing the state of, and the challenges facing, the Brazilian startup industry.
A few months ago we embarked on a week long, 50-meeting tour across São Paulo, Belo Horizonte and Rio de Janeiro. Our insights after the jump…
source: http://feedproxy.google.com/~r/Techcrunch/~3/5HeFzuJy_tI/
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