… Cai, who is actually 30, is in a rush because she and her four other partners are out to build businesses through venture capital, but not Silicon Valley Cool. Her Colombia firm, Polymath Ventures, is all at the unglamorous end of the business, searching for ways to build scalable companies and services in underserved markets for Latin America’s emerging middle class. After our chat, Cai bolts from the two stories of tight office space atop a motorbike garage in a hardscrabble neighborhood in Colombia’s capital of Bogota. I tag along. Her next meeting? At an operations center of the firm’s first venture: a taxi garage. Cai says Polymath aims for every venture to succeed. “Our threshold is: If we do not think we can build a billion-dollar business in a 15- to 20-year time frame, we don’t do it,” she tells OZY.
Ten years ago, the idea that Colombia would become a burgeoning hub for any dynamic industry beyond its notorious drug trade would have struck most observers as far-fetched. As recently as the turn of the century, conventional wisdom had it that the tropical, Andean nation was on the verge of becoming a failed state. Fast forward to the present day and Colombia already boasts one of the region’s stronger startup ecosystems, with huge potential upside still waiting to be explored.
U.S. Vice President Joe Biden has reiterated America’s “firm support” for the ongoing peace negotiations between Colombia and the Revolutionary Armed Forces of Colombia (FARC) rebels, the White House said.
“The Charlie Rose Show”
Colombia will expedite the environmental licensing process for oil, mining, energy and infrastructure projects, but maintain the same rigorous standards, the environment minister said on Thursday.
After a week of remote treks through the rain forests and an isolated ascent into the Colombian Andes with a small group of five International Expeditions travelers, I was convinced that we had the entire country to ourselves. I was even feeling a bit torn about coming home and writing about it, only to let this wonderful South American secret out.
Colombia proposed reallocating about $1.5 billion (3 trillion pesos) in its 2015 budget plan for infrastructure and social spending, Finance Minister Mauricio Cardenas said on Wednesday.
President Santos interview begins at 08:14
The four presidents of Latin America’s $2.1 trillion Pacific Alliance bloc said integration is a tool for fighting inequality and they will seek a common agenda with the Mercosur group, led by Brazil and Argentina.
Colombian President Juan Manuel Santos talks about efforts to end a five-decade conflict with the Revolutionary Armed Forces of Colombia, the country’s economy and the potential impact of a Venezuela bond default on Colombia. Santos speaks with Bloomberg’s Erik Schatzker at the Bloomberg Latin America Forum in New York.
On “Charlie Rose,” a conversation with Juan Manuel Santos. He is President of Colombia and won a second term this June. President Santos was in New York this week for the UN General Assembly meetings.
When four Latin American ambassadors to the U.S. met Thursday in Arlington, the mayors of Dallas and Fort Worth were on hand to welcome them.
Juan Valdez, the brand backed by the Colombian Coffee Growers Federation, is holding up to competition on its home turf from Starbucks Corp. (SBUX)
Fareed speaks with Colombian President Juan Manuel Santos about the state of his country’s economy. Watch the full interview this Sunday at 1 p.m. ET on CNN.
The Pacific Alliance is achieving significant results. Three years ago, Chile, Colombia, Mexico and Peru decided to move toward deeper economic and commercial integration. The effort was based on our common belief that the free movement of people, goods, services and capital can help us achieve greater welfare and social inclusion for our citizens.
The world is mired in insurgencies, with the rise of ISIS in the Middle East, the persistence of Russian-backed rebels in Ukraine, and the continuing attacks of Boko Haram and Al Shabab in Africa. But at least one seemingly intractable guerrilla war — Latin America’s longest — may be coming to an end. Colombia is poised to reach a negotiated end after 50 years of fighting against the Revolutionary Armed Forces of Colombia, the Marxist-Leninist insurgent group known by the acronym FARC. Laudable on their own terms, these talks also shed light on the social changes and negotiating strategies it might take to end other civil wars around the world.
When Governor Deval Patrick announced a trade mission to Colombia in 2013, it may have taken some in Massachusetts by surprise. For those who think that Colombia — once synonymous with drug cartels and criminal networks — is still in a state of paralysis, the idea of a coalition of business, academic, and government leaders visiting my country likely came with consternation and skepticism. But the reality today is that Colombia is a different place than it was just 15 years ago.
… Santa Marta, Colombia, has been my home for the past two and a half years, and I wouldn’t change a thing. I arrived on a whim looking for new adventures and ended up staying, having fallen deeply in love with Colombia(ns) and its (their) magical charm.
In Colombia, there is an export grown that is prized the world over for its quality and energizing properties. That crop is, of course, coffee.
From afar, Cartagena’s skyline is deceptive. Its white towers rise above the Caribbean from a peninsula of tan sand and concrete, making it look like a bigger, beachier metropolis than it is. But with fewer than a million people, Cartagena is a sliver of the size of Rio de Janeiro or Los Angeles.