Latin America is going through quite a tough recession, but the private equity that flooded the region before the downturn hit is there to stay -- at least, for now.
The all-star startups over the past few years in Silicon Valley were all about growing as big and as fast as possible. That mindset bred a crop of young private companies so heavily funded, their valuations surpassed those of many long-established blue chip firms.
Silicon Valley's represnatives are only part of the problem with diversity in technology. The other center of power is known as Sand Hill Road, a part of Silicon Valley that's the center of private equity for the tech industry.
Research was recently done to investigate whether there were startups launching scalable businesses aimed to service the Hispanic community/ consumers, and surprisingly, there aren't very many.
