How did this activity benefit Mexico?
Australian capital arrived in Mexico thanks to the presence of an entrepreneur with Mexican roots in Silicon Valley.
A clear example of a value chain with a vertex in Silicon Valley. Telstra, one of Australia’s largest business groups has dedicated people looking for startups to invest in or acquire in order to stock up on talent or technological advantages.Those persons they travel here frequently, and at the time they ran into an entrepreneur of Mexican descent who established his corporate in Silicon Valley and his operations and engineering team in Mexico because of his natural connections there. In August 2014, Telstra bought the company in question for about $ 400 million. Around 10% of that transaction reached Mexico both to employees, consultants and local investors who also bet on this company when they were here. Connections do matter. #networksmatter
We continue to work harder on SV Links so that this is replicated much more.