According to Aaron Gershenberg, managing partner at SVB, “The Brazilian economy in the next 10 years will be one of the third or fourth largest economies in the world. If you’re going to look at some diversification in your portfolio in the innovation economy, Brazil is a very natural geography to have exposure to.” Sequoia Capital, Accel, Redpoint and Intel seem to agree, having already established long-term relationships with the Brazilian startup ecosystem.
In 2012, Brazil was ranked the sixth-largest market for internet users (at 86 million) and was home to the largest group of active users on Facebook and Twitter. In the same year, the number of Brazilians with cell phones reached 123 million people and overall e-commerce grew by 20 percent. This flourishing market only continues to grow.
The SXSW Startup Village in the Hilton Hotel, 500 East 4th Street, Austin on Sunday, March 9 from 11am to 1:30 pm is your hub for discovery for the smartest new startup talent from Brazil. Investors and potential business partners are invited to join us in Salon D on the Hilton’s fourth floor for a quick round of micro-meetings with 17 Brazilian startups.
No need to RSVP but please feel free to contact SXSW Brazil Marketing Contact Tracy Mann, email@example.com for further information. We’ll look forward to welcoming you with a cafezinho and pão de queijo coffee break!
Photo By Aimee Wenske