stories by Vinod Sreeharsha
After an uproar in Latin American media, three Argentines involved in a book that portrays the social network in a cynical and satirical light had their Facebook profiles restored today.
Santiago, Chile-based Austral Capital is one of a growing number of Latin American VC firms making names for themselves. Thanks to aggressive support from the Chilean government, the less than two-year old company has funded several Chilean start-ups, including Atakama Labs, which I wrote about earlier today. And it’s also moved quickly to set up an office in Silicon Valley and hired Hiroshi Wald to run the show. Wald (pictured) said Austral’s Silicon Valley mission is two-fold: help Chilean entrepreneurs succeed in the U.S. market and also find worthwhile U.S. companies in which to invest.
The latest game company to raise a round of funding reflects the global reach of the industry. Chile’s Atakama Labs has raised $4 million from two Chilean venture capital funds, Austral Capital and COPEC-UC.
Silicon Valley investors are accustomed to searching for the next great start-up to nurture. In Uruguay, the country’s only venture capital fund is itself a start-up.
Venture capitalists may soon be asked to go way outside their comfort zone.
Colombia is the surprise winner in the Latin American venture capital landscape, according to a new report from the Latin American Venture Capital Association. VentureBeat was able to secure an advanced copy to bring you a sneak peak. See a PDF of the report after the jump.
A new proposal from Argentine president Cristina Fernandez de Kirchner has the country’s tech community scratching their heads. Her pitch: to effectively double taxes on technology products that are not manufactured or assembled in the province of Tierra del Fuego, including notebooks, cell phones and digital cameras.
Google’s Latin America director has defected to Argentine IT services company Globant. Gonzalo Alonso will fill the newly created position of vice president of operations.