How Mercado Libre is building Latin America’s most powerful tech ecosystem

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In 1999, a young Argentine named Marcos Galperin took a leap of faith in a Stanford finance class and pitched his e-commerce dream to a passing billionaire — Warren Buffett.

The Oracle of Omaha wasn’t sold, but another investor was. Later that year, John Muse, a private equity veteran, offered to fund Galperin’s startup idea: a digital marketplace tailored to Latin America.

Twenty-five years later, that idea has become Mercado Libre Inc, or simply Meli—the region’s most valuable company, worth nearly $100 billion. And it’s still charging…



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How Mercado Libre is building Latin America’s most powerful tech ecosystem


In 1999, a young Argentine named Marcos Galperin took a leap of faith in a Stanford finance class and pitched his e-commerce dream to a passing billionaire — Warren Buffett.

The Oracle of Omaha wasn’t sold, but another investor was. Later that year, John Muse, a private equity veteran, offered to fund Galperin’s startup idea: a digital marketplace tailored to Latin America.

Twenty-five years later, that idea has become Mercado Libre Inc, or simply Meli—the region’s most valuable company, worth nearly $100 billion. And it’s still charging…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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