Remittances

From a recent Fortune magazine that I read that most companies in S&P have been rated as risky. This represents a huge challenge for companies as new emerging economies such as India, China or other countries mean new business models which have to be sustainable and scalable and I do not think that there are in most text books or case studies of today.

Recently a friend shared a recent banking experience. My friend, Clara, is an undocumented worker who makes her living cleaning houses. Her current employer is a wealthy woman with an 8 bedroom mansion in an exclusive suburb in Silicon Valley.

When I was a venture capitalist, I was often asked what it would take to create a venture capital industry in Mexico or Indonesia or just about anywhere outside of Silicon Valley. There were often many very good reasons why it couldn't or hadn't happen - deal flow, amount of money that needed to be invested, cost of managing a fund, a service provider ecosystem, etc.

I reacted to the article and resonated with the last Nita Goyal's post on Brain Drain at the Digital Vision program. Let me convey my vision on the topic of the diaspora starting with three very close stories:

A bee takes the wealth from flowers and transforms it into honey for its community.

In the article "What Works: Lo Pequeño Es Hermoso (Small is Beautiful) - Banks in Mexico say that microloans are helping the poor while boosting their profits"

“Access to capital in developing countries is a vexing problem,”

Indigo Financiera is mentioned in the NextBilion.net blog:

http://www.nextbillion.net/node/1550