NEW YORK & MEXICO CITY — Emit Capital, which invests in early-stage companies that employ and adapt
proven technology-oriented business models in emerging markets worldwide, has signed
a letter of intent to purchase a substantial equity interest in LatinIdea (www.latinidea.com).
LatinIdea is an integrated, early-stage venture firm focused on identifying, funding and
operating Internet, Internet-related communications and information technology
companies throughout Latin America. Through the partnership, Emit Capital will invest
$2.85 million in LatinIdea, as well as make direct equity investments in the most promising
companies being developed by LatinIdea.
AUSTIN, TX — TL Ventures, one of the most active early-stage venture capital firms in the industry, today announced that Peter Norwood has joined the Austin office as a Venture Partner. In this role, Peter will evaluate investment opportunities and work closely with early-stage software and internet companies as they develop their business strategy and define and build their product offering. Prior to becoming a Venture Partner, Peter was an Entrepreneur-in-Residence with TL Ventures since October 2000.