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In total, Star Media raised over $500 million in a series of private and public offerings, reaching a market capitalization of over $3.8 billion at its peak.
According to the Harvard Business School Case Star Media: Launching a Latin American Revolution, by 1999 Star Media was the Latin American market leader.
It was the first venture capital ever invested in a Latin Internet company.
Over the next 4 years, the company raised over 0 million in investments, including capital from Chase Manhattan Bank, GE Capital, e Bay, the Hearst Corporation, Intel Capital, NBC and David Rockefeller.
He introduces Rockefeller as his "shareholder, partner, and inspiration." "They have managed to come up with a pretty big capital raising at the intersection of two of the most volatile investment themes in America: the Internet and Latin America," said Lanny Baker, an analyst of on-line media industry for Salomon Smith Barney in San Francisco." In 1999, the company went public on the Nasdaq, the first Latin Internet company to do so, eventually reaching a market valuation of over .8 billion USD at its peak.
Starmedia had over 1,200 employees in 18 offices across 12 countries in the Americas and Europe.
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