This Brazilian immigrant CEO thinks that Silicon Valley investors need to do more to help customers outside America, even if their income is lower

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

Victor Santos struggled to convince investors to invest in his mobile banking company, which provides credit to low-income communities in Brazil.

, and was having trouble raising venture capital for his company.

Santos estimates that he must have pitched"40 or 50" firms at first, and struck out most times. He had the hardest time convincing American tech investors that it was worth investing in an undocumented immigrant with DACA status, leading a company creating financial services for a foreign market with a lower average income.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Silicon Valley tech talent is flocking to Austin, Texas, trading sky-high rent costs for live music and a newer tech scene — here's what it's like in 'Silicon Hills'Apple's $1 billion campus, 5,000 Oracle employees, scooter mania, and a growing startup scene — there's a reason Austin's been dubbed 'Silicon Hills.' Hey Texas - THERE GOES THE NEIGHBORHOOD. SaveOurTexas I'm finding that California tech companies are recruiting in NYC as well. They are trying to extend into the East coast by having bodies on the ground.
Source: BusinessInsider - 🏆 729. / 51 Read more »