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To: allen v.w. who wrote (31064)	2/11/2000 3:25:00 AM
From: allen v.w.	Read Replies (1) \| Respond to of 40688

[ Global Issues ] Net Investors Discover a New Continent: Latin America Posted by Rochelle at Tue Feb 01, 6:02 PM PT Latin America is suddenly awash in cash for Internet startups. In a region where good ideas often go nowhere for lack of financing, venture-capital funds from San Francisco to Sao Paulo are pouring money into everything from Web portals to online pharmacies. By early February, as much as $500 million could be available to Latin Netrepreneurs. Investors are drawn to the region by an explosion in Internet use. International Data Corp. expects the number of Net users to surge from 8.5 million today to 24.3 million by 2003. "Latin America is lagging the U.S. by two to three years," says Susan L. Segal, Latin America general partner at Chase Capital Partners in New York. "But the speed of what's happening is much faster." Some 30 investments in Latin American Internet companies have been announced over the past seven months.