| ||Thread Tools|
|12th June 2012, 06:11||#1|
Join Date: May 2010
Facebook backer heads to Brazil
Keven Efrusy, who was one of Facebook's early investors, has decided that he is going to stick his cash into the lively start-up scene in Brazil.
Kevin Efrusy gave Mark Zuckerburg more than $12.7 million in 2005 and earned a reputation for knowing where technology is going.
Efrusy spent three days in Brazil earlier this week, has been shopping for consumer e-commerce sites had has been investing in online retailer Shoes4you, Elo7, and travel site Despegar.
He has also written cheques for Mind Lab, a company that is working to improve teaching methodology.
But he has also been going off the beaten path to Espirito Santo, a state north of Rio, to talk with entrepreneurs.
The move to Brazil is interesting. Facebook shares are still being given a good kicking and some people are wondering if US based consumer-Internet companies are worth investing in.
According to Reuters, Efrusy's move south is being seen as something which could start a trend.
|Thread||Thread Starter||Forum||Replies||Last Post|
|Ivy Bridge-based Windows 8 Ultrabook reference design shown off at IDF 2012 in Brazil||Stefan Mileschin||WebNews||0||16th May 2012 07:57|
|Sportiiiis Heads Up Display for Athletes Review @ TestFreaks||Stefan Mileschin||WebNews||0||2nd May 2012 07:32|
|Brazil Files Injunction Against Twitter||Stefan Mileschin||WebNews||0||13th February 2012 08:26|
|Facebook-to-Facebook Calling From Within Skype||Stefan Mileschin||WebNews||0||18th November 2011 06:18|
|New HDD read heads could significantly boost capacity||jmke||WebNews||0||12th September 2007 21:38|
|Intel Heads Towards 4MB Cache in Desktop Processors||jmke||WebNews||0||17th March 2004 08:36|