> Exits: TasteSpace
> For potential investors / LPs: Venture Capital for Latin America.
Rapid demographic & technological change is occurring in Latin America and resulting in significant unmet needs for the raising young and technology minded middle class. Startups are best positioned to innovate nimbly and solve many of the recently surfaced unmet needs while competing with large… · More conglomerates who have not successfully innovated in 10+ years.
Major signs of change in Latin America middle class:
* Affluent and middle class expected to double to 100mm by 2020 from 2010
+ Technology penetration:
* Mobile Broadband Connections to reach 500mm in 2017 (100mm in 2012)
* Smartphone penetration to reach 45% in 2017 (20% in 2012)
> For established VCs: We are looking for a strategic partner to grow in the region