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Ah, if only that were so. Technology market blow-up, Latin American regional bust and sale During the. LatinMail services were discontinued suddenly in [14] with no prior notice from Starmedia. Not so for our Colombian friends.

A year later, after being turned down by over 50 venture capitalists across the U. Want to talk about a period of two weeks?

StarMedia launched web-basedchat and streaming video in Spanish and Portuguese before its U. Retrieved As part of Espuelas' coolmbia, StarMedia acquired 12 other media and technology companies in the U. LatinMail and LatinChat websites and brands colomgia registered as independent trademarks, operated as a service by StarMedia. Its pan-regional, horizontal portal was the first to target Spanish- and Portuguese-language speakers on the Internet, registering 1.

Other innovations included the first instant messaging system in Latin America; in partnership with HP the first out-of-the-box e-commerce platform for small businesses; and with IBMthe first free ISP in the region.

Retrieved 24 May Rust, "by the fall ofStarMedia had sprinted to a sizable lead in the race to acquire Latin American Internet users. At its peak, StarMedia had over 1, employees in 18 offices across 12 countries. StarMedia became the best known, most highly traded Latin Internet Stock on Nasdaq during the late s dot-com boom.

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Archived from the original on StarMedia's chat was first introduced in and branded as LatinChat. There, it is the industry standard way to order stuff. Well before the twin stock market and Latin American collapses ofwhich severely impacted StarMedia's business and share price, major StarMedia investors had realized ificant profits on their StarMedia investments.

He never sold any shares or stock options, as Espuelas wrote in Life in Action. Far from being insults, in the topsy-turvy world of Colombian Spanish, these terms, if said by friends, are nothing short of the height of friendliness.

StarMedia's webmail service, branded as LatinMail was a popular free service, launched in7 years before the creation of Gmail in as an early beta webmail service. After an independent investigation initiated by a special committee of Board of Directors found no wrongdoing by management, the Colombla Audit Committee and StarMedia's outside ants, the class-action suit was settled by the Board and its insurance company.

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A picture of him on the cover of Internet World magazine--ripping his shirt open to show the StarMedia logo, like Supermansummed up the spirit of the company. The dedicated Colombian impersonator will need to do colo,bia. InEspuelas launched the first ever television campaign across Latin America promoting the Internet and the StarMedia brand, helping to spark the subsequent explosion of Internet use in the region.

References "Starmedia on Alexa. The lawsuit was subsequently dismissed by the Federal judge.

Segal ran the company until it filed for bankruptcy in Enrique Narciso was named CEO of the company. Investors such as WarburgPincusIntelGE CapitalHearst and many other institutions and individuals sold their StarMedia shares at or near the peak of the market.