fully agree this is the single largest cultural problem I have seen as a gringo running a brazil only startup. Hiring is a pain despite amazing packages, great

fully agree this is the single largest cultural problem I have seen as a gringo running a brazil only startup. Hiring is a pain despite amazing packages, great benefits and working with cool people in a SF style setup. I think no large deal ever hapening outside of buscape and the second fact that most VC's got Nailed in the past 3 years paying high prices inthe ecommerce boom and are also writing off many of the investments is cooling the non existing startup scene. That being said MSFT is opening an incubator in Rio. Technical talent is there but the startup culture is not. And as you said most importantly an appetite for Risk.