Three years ago I started on a forty-week journey through a dozen emerging markets, seeking the best entrepreneurs the world had never heard of. I found plenty, and several of my favorites were in Brazil.
At the time, I was stunned that almost no one from Silicon Valley was investing in Brazil. There was huge interest in China and India and some bubbling interest in Russia, but almost no one was looking at the other BRIC.
While the overall growth rate of Brazil hasn’t been as high as China, India or Russia, the country’s infrastructure is also more developed. Not to say investing in any emerging market is easy, but given the advantages in time zone and relative cultural similarities, the total lack of interest in Brazil seemed puzzling.
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