Abstract
Venture Capital (VC) helps financing high-growth ventures in the business ecosystem. The development of Latin American VC lags behind developed economies, but also behind China and India. Nonetheless, in the recent boom regional VC grew 30% yearly (2005-2011). VC investments in Latin America are less hi-tech, larger and more likely to be funded from abroad than in benchmark regions. Deals are made by investors with less experience and in fewer rounds than comparables. VC growth was highly dependent on the macroeconomic business cycle. Results show symptoms of an early stage of development with relatively fewer high-tech ideas than money.
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