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BRAZIL CULTURAL SURPRISES Trust is Brazil Startup Report

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BRAZIL CULTURAL SURPRISES
Trust is the only scarce commodity in Brazil
• Brazilians must trust someone before they ever sign a contract due to the country’s
history of violence and corruption.
!
But foreigners are loved!
• Brazilians are incredibly hospitable and often times more willing to trust a foreigner.
• Foreign founders can use this to their advantage in order to fundraise and receive
introductions to prominent figures in the ecosystem.
!
Friendship and celebration are obsessions
• “Americans typically conduct business in a transactional way with companies.
Brazilians do business with people. Friendship is typically the first step in a
business relationships and it causes longer sales cycles than in USA.” @dttg
• Brazilians are extremely extroverted and enjoy celebrating every occasion.
• Municipalities can decide to make Brazil's World Cup matches into public holidays.
@2014 All Rights ReservedJoin us: @WorldStartupRpt

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