Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: re3 who wrote (84384)	11/16/1999 8:36:00 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 164684

yep! She has the best xmas song.... Any good hockey games this weekend? It has finally started to rain here... time to be indoors...

To: re3 who wrote (84384)	11/16/1999 10:48:00 PM
From: Glenn D. Rudolph	Respond to of 164684

Latin Internet startups taking cue from U.S. pioneers By Michael Connor AVENTURA, Fla., Nov 16 (Reuters) - Latin American entrepreneurs seeking a foothold in the region's online world were taking their leads from North America's cyber pioneers, U.S. venture capitalists said on Tuesday. Internet publisher StarMedia <STRM.O> led the way in Latin American by establishing a portal, a broadly reaching site offering chat rooms, free e-mail, search engines and other services, and was now being followed by proposals for specialty retailers and other North American concepts, according to the venture capitalists. Executives from Chase Capital Partners and Flatiron Partners, New York-based investment firms active in Latin online businesses, told reporters more than half the firms at a private two-day Internet conference were start-ups. "You could track any of them to a U.S. analogue," said Fred Wilson of Flatiron Partners. Yahoo! <YHOO.O>, an early Internet success, began in 1994 as an Internet search engine which eventually grew into the medium's No. 1 portal, monthly drawing some 32 million visitors. Later celebrated online successes in North America were retailers such as Amazon.com <AMZN.O> and other specialists. Susan Segal of Chase Capital Partners said business plans for Latin online startups were coming hot and heavy and many resembled proposals or concepts proven successful in North America. "We're looking at one a day," she said. According to a survey released by the organizers of the conference called eCumbre, half of the 70 companies attending had fewer than 25 employees and another 15.6 percent had between 26 and 100 employees. Nearly four in 10, or 38 percent, of the companies were projecting revenues of $1 million or less during 1999. Four out of 10 hoped to make public stock offerings, while another four of 10 aimed to raise capital through private placements, according to the survey. Some firms at conference were divisions of companies already public. Internet use in Latin America is now low, but is expected to grow quickly, the venture capitalists said. Terra Networks <TRRA.O> of Spain said in papers for a stock offering earlier this month predicted the number of Latin users to grow 45 percent a year and revenues from advertising and electronic commerce to grow at 110 percent and 59 percent a year respectively -- a rate faster than anywhere else on earth. REUTERS Rtr 21:47 11-16-99