What venture capitalists like about Latin America

Versión en español.  

Venture capitalists in Latin America are looking for digital media startups with rapid growth, a plan for monetization, and international potential.

Francisco Coronel: digital media well positioned
Obviously, most new media don't fit that profile. But startups with these characteristics are starting to attract angel investors who provide the first rounds of capital, says Francisco Coronel, CFO and cofounder of Nxtplabs, an incubator of digital companies in Buenos Aires, Argentina.

Digital media have extra potential because there is a growing demand for content that these companies are positioned to satisfy at lower cost than traditional media, Coronel told me in an interview.

(Disclosure: I just spent two weeks at Nxtplabs training three digital media teams under a contract with the International Center for Journalists.)

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