Brazil releases more details on private e-mail meant to keep the U.S. out

Brazil is building its own private e-mail service because it just doesn’t trust the U.S. President Dilma Rousseff of Brazil released further details on the e-mail service, which is supposed to protect her government and the people of Brazil from foreign, peeping eyes. She made the announcement through her Twitter account, saying that in order to protect privacy, the Brazilian government needs to start with “secure messaging.” This communications system will be used by Serpro, which is one of the biggest federal agencies of Brazil handling data processing.Brazil became disenchanted with the U.S. after the Guardian revealed details about the U.S. National Security Agency collecting information on Rousseff and her administration, as noted by Wired. The Guardian says it received documents detailing this activity from former NSA contractor Edward Snowden, who is currently hiding out in Moscow following other data leaks.In June, Snowden revealed information about a government surveillance program called PRISM, which involved the U.S. working with a number of technology companies to collect data for “national security purposes.” In the months following, more Snowden-sponsored revelations appeared in headlines, including the information on Brazil.Perhaps coincidentally, Glenn Greenwald — the reporter who has published the lion’s share of data from Snowden — is based in Brazil.The move to create this kind of private communications service underscores fears that the NSA’s programs could cause a financial stir in the cloud industry. Analyst group Forrester predicted in August that fears around PRISM could be a $108 billion hit to the cloud industry.However, it’s silly to assume that only the U.S. is involved with this kind of surveillance, and many believe that figure should be much lower, because IT managers are probably going to continue buying cloud services even if they know surveillance is happening.

5 things you need to know about venture capital in Brazil

Brazil is in a state of fragile growth. Only a select group of strong businesses will emerge from the current ecosystem, capitalize on tech & demographic trends, and achieve profitable exits.

Break out the Cachaça: Brazil’s largest early-stage investment fund opens

This morning, Redpoint announced that it is the largest early-stage venture capital fund in Brazil. The firm raised $130 million and is the first Silicon-Valley affiliated fund dedicated to the region. This news comes just one week after BV Capital rebranded as and formally unified its five international funds under one umbrella.

Why the next Mark Zuckerberg may come from Brazil

Silicon Valley has led the world in innovation and entrepreneurship because of its culture of information sharing and mentoring. No other region in the world is like it. But things are changing. In my travels to countries like India, China, and Chile, I’ve witnessed a noticeable evolution in entrepreneurial culture over the past five years. Networking groups are emerging, and entrepreneurs are becoming more open. One of the most impressive examples of this is in Campinas, Brazil—a small university town on the outskirts of Sao Paulo.