Brazil's 200 million people, Portuguese language, and natural resources created a startup ecosystem that outpaces Spanish-speaking Latin America. Government-backed venture capital funds were crucial to getting it started, giving Brazil a longer track record and far more investment than its neighbors.
Chapters
We kind of divide Latin America in two different regions. One is Brazil, which speaks Portuguese, and the other is like Spanish-speaking Latin countries. Characteristics of Brazil is like the population, more than like 200 million people, and also the country itself is very strong in terms of like natural resources and stuff like that. So the economy is much stronger than other countries, and that's why it's kind of like a independent ecosystem, I'd say. And also thinking like a venture capital industry, the local government helped a lot to invest on startups. So it means you need to establish a fund in Brazil and invest on like a Brazilian startup. That was the beginning of the ecosystem. So it means Brazil has like a longer history of like ecosystem and also the volume of the investment on startup has been like much larger than other countries in Latin America.