Marcos Galperin
Encyclopedia
Marcos Galperin, born in 1971, is the CEO of MercadoLibre.com
Marcos began the company while still in business school at Stanford University
. Finance professor Jack McDonald had been helping Marcos to contact potential investors, and asked John Muse, an invited speaker and co-founder of the Hicks Muse private equity fund
, if Marcos could drive him to his private plane. Before boarding his plane, Muse expressed his desire to have his fund invest in the idea and soon thereafter the company started. MercadoLibre received funding from JPMorgan Partners, Flatiron Partners, Hicks Muse Tate and Furst, Goldman Sachs, GE Capital and Banco Santander Central Hispano. In September 2001 eBay acquired 19.5% of MercadoLibre in exchange for eBay's recently acquired Brazilian subsidiary of Ibazar.com.br. In this transaction, MercadoLibre also became eBay's exclusive partner for the Latin American region.
He is considered one of Argentina's top internet entrepreneurs. In 1999, Marcos Galerpin was selected as an Endeavor Entrepreneur. He currently serves on Endeavor Argentina's Board of Directors. Endeavor (non-profit)
is a global non-profit that selects and supports High-Impact Entrepreneurs in emerging markets.
MercadoLibre.com
MercadoLibre.com or MercadoLivre in Portuguese is a website dedicated to e-commerce and online auctions. It is eBay's Latin American partner. MercadoLibre is Latin America's number-one e-commerce site...
Marcos began the company while still in business school at Stanford University
Stanford University
The Leland Stanford Junior University, commonly referred to as Stanford University or Stanford, is a private research university on an campus located near Palo Alto, California. It is situated in the northwestern Santa Clara Valley on the San Francisco Peninsula, approximately northwest of San...
. Finance professor Jack McDonald had been helping Marcos to contact potential investors, and asked John Muse, an invited speaker and co-founder of the Hicks Muse private equity fund
Private equity fund
A private equity fund is a collective investment scheme used for making investments in various equity securities according to one of the investment strategies associated with private equity....
, if Marcos could drive him to his private plane. Before boarding his plane, Muse expressed his desire to have his fund invest in the idea and soon thereafter the company started. MercadoLibre received funding from JPMorgan Partners, Flatiron Partners, Hicks Muse Tate and Furst, Goldman Sachs, GE Capital and Banco Santander Central Hispano. In September 2001 eBay acquired 19.5% of MercadoLibre in exchange for eBay's recently acquired Brazilian subsidiary of Ibazar.com.br. In this transaction, MercadoLibre also became eBay's exclusive partner for the Latin American region.
He is considered one of Argentina's top internet entrepreneurs. In 1999, Marcos Galerpin was selected as an Endeavor Entrepreneur. He currently serves on Endeavor Argentina's Board of Directors. Endeavor (non-profit)
Endeavor (non-profit)
Endeavor is a non-profit organization that pioneered the concept of High-Impact Entrepreneurship in emerging markets. Its mission is to “lead the global movement to catalyze long-term economic growth by selecting, mentoring, and accelerating the best High-Impact Entrepreneurs around the...
is a global non-profit that selects and supports High-Impact Entrepreneurs in emerging markets.