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The Invisible Network that Shields the Venture Capital in Latin America

Summary by Expansion
For a decade, the narrative of entrepreneurship in Latin America revolved around the heroic founder, that resilient character who, despite the lack of capital and bureaucracy, managed to build a unicorn. That vision, although romantic, is obsolete. Success in this region is no longer an accident, but architecture: an invisible network of organizations, methodologies and cross-border capital that is quietly but implacably reducing the risk of exe…
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For a decade, the narrative of entrepreneurship in Latin America revolved around the heroic founder, that resilient character who, despite the lack of capital and bureaucracy, managed to build a unicorn. That vision, although romantic, is obsolete. Success in this region is no longer an accident, but architecture: an invisible network of organizations, methodologies and cross-border capital that is quietly but implacably reducing the risk of exe…

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Expansion broke the news on Wednesday, May 13, 2026.
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