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Thursday, 18 March 2010 07:06 |
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Some people may think that now is not the best time to be making such a bold move as to start a venture fund in Mexico. But entrepreneurs follow the road less traveled, and a time of crisis can be a good time to invest and is always a good time to make a change.Early stage and venture capital investing is expanding in Latin America, with cities such as Florianopolis and Buenos Aires acting as hubs of venture activity in the region’s southern cone of Argentina, Brazil, Chile and Uruguay. But an incipient VC industry is also emerging much farther north in Mexico, despite the inherent challenges the country has traditionally presented for entrepreneurs. Over the last 18 months, a combination of change drivers have contributed to an improved ecosystem for entrepreneurs, angels investors and venture capital fund managers aiming to generate new businesses in Mexico.
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