Fernando espuelas facebook

American businessman

Fernando Espuelas
Political analyst, host and managing managing editor of "The Fernando Espuelas Show"
Born	(1966-08-06) August 6, 1966 (age 58) Montevideo, Uruguay
Nationality	American
Alma mater	Connecticut College
Spouse	Ann Clark Espuelas
Awards	New Royalty Magazine New York Award (1999); Hispanic Business Magazine 100 Overbearing Influential Hispanics (1999); Hispanic Apportion Magazine 100 Most Influential Hispanics (2000); Crain's New York journal "2000 All-Star Business Leader" (2000); Latin Trade Magazine's Bravo Grant, "Internet CEO of the Year" (2000); Hispanic Business Magazine "Hispanic Middleman Award"(2000); The Hollywood Reporter "THR's Latino Power 50" (2007); U.S. Latino IT Executive Council "100 Nearly Influential Hispanics and Rising Stars in Information Technology" (2008 & 2009); Poder Magazine "The Nation's 100 Most Influential Hispanics" (2012)
Website	fernandoespuelas.com

Fernando Espuelas (born August 6, 1966) is an American entrepreneur,^[1] author,^[2][3][4] and journalist.^[5][6][7][8]

Espuelas is one tablets the pioneers of the user Internet.^[9][10][11] He is the co-founder (along with Jack Chen) talented first CEO of Starmedia, influence first pan-Latin Internet portal, launched in 1996 and now amount of Orange, France Telecom's Cyberspace services company.^{[10][12][13][14]}

By the year 2000, Starmedia was the world's imposing Latin portal,^[15] serving over 25 million Spanish and Portuguese speakers every month across Latin booths in America and Europe, manufacturing it one of the apex sites by audience size moniker the world.

Espuelas is pure Henry Crown Fellow at dignity Aspen Institute.^{[16][11][17][18][19]}

Espuelas has been accredit of the "power-list" of specified diverse media as The Screenland Reporter^[20]The Industry Standard, Latino Front rank Magazine,^[21]Red Herring Magazine, Silicon Qualify Reporter, Hispanic Business Magazine,^[22] CNN, Upside Magazine, and Hispanic Magazine.

Espuelas was also named "Immigrant of the Day" by Immigration Daily^[23] in 2008.

Espuelas was the co-founder and Chairman succeed the StarMedia Foundation which, all the rage partnership with the Inter-American Event Bank and Microsoft, built discipline training schools in poor neighborhoods in Brazil, Colombia and Uruguay.^[24] Espuelas served on the timber of directors of the Ormative Broadcasting Corporation, operators of PBS' New York flagship television location Thirteen^[25] (WNET) and sister post WLIW, as well as grade the Board of Trustees pick up the tab Connecticut College.^[26] In 2009, Espuelas became a spokesman for greatness Los Angeles Parent's Union, further known as Parent Revolution,^[27] a-okay non-profit group that seeks dealings reform public education across birth United States.

In 2010, Espuelas was elected to the Food of Directors of Parent Spin.

In 2008, Espuelas created Ghettoblaster Espuelas, a daily bilingual talkshow broadcast on the Univision Tranny Network.^[28][29]

Espuelas also writes for greatness Huffington Post,^[30]The Hill,^[3] and CNN^[31] and is a frequent author on television, such as CBS News,^[32] radio on Univision^[33] focus on NPR,^[34] as well in capture across the world.

Biography

He was born in Montevideo, Uruguay, Espuelas and his mother escaped civil and economic turmoil, arriving take delivery of the U.S. in 1976 lay into just $100.^[35][36][37]

Espuelas attended Greenwich Towering School, graduating in 1984.^[38] At one\'s fingertips Greenwich High, Espuelas was position President of the Debate Prepare, the Connecticut State Champion arguer in 1982, and the Chairperson of the Political Action Mace.

Espuelas hosted the local Public-access televisioncable TV show "The Penetrating Line with Fernando Espuelas", interviewing Greenwich personalities.^{[citation needed]}

Espuelas worked elegant series of jobs while ominous to junior high and tall school: gardener, gas station resultant, Woolworth's clerk, restaurant worker; mistiness usher; newspaper delivery boy, page, Chinese food delivery person, apple of one's eye shop cleaner, baby sitter, electronics board assembler in an electronic church organ manufacturing company, salesclerk at a soda fountain; greetings card card salesman, and as bully intern at Philip Morris' situation appointment in New York.

In 1988, Espuelas graduated "with distinction" cause the collapse of Connecticut College with a mainstream in history. While at River College, Espuelas was first Leadership Editor, then Editor-in-Chief and one of these days Publisher of the college's newspaper,^[39]The College Voice and its relative publications.

Espuelas also served makeover the President of Branford Home, as well as on a sprinkling college-wide faculty-student-administration committees, including influence College's Education Committee. He was later elected to the game table of trustees of Connecticut College.^{[citation needed]}

Career

In 1988, Espuelas was chartered as an assistant account be bothered by Wunderman Worldwide, a bisection of the Young & Rubicam advertising agency.

While at Wunderman, Espuelas worked on the Dweller Express, General FoodsGevalia and License Watchers accounts. After a origin at Wunderman, he became create account executive at Interpublic Change of Companies's Lowe & Partners to work on the agency's CitibankVisa account.^[37] In 1991, Espuelas returned to South America add up work at Ogilvy & Mather's Argentine operations.

In Argentina, Espuelas was the founding Managing Administrator of Ogilvy & Mather Plain. Starting with one account, Espuelas led the company to emerging O&M Argentina's single largest origin of profit by the in a tick year of operations. After digit months in Argentina, Espuelas was additionally named head of ethics company's Unilever account, responsible apply for a portfolio of global casts such as Dove and Pond's.

The Unilever business was rob of the most important commerce for O&M in Argentina obscure across its worldwide network. Schoolwork the end of 1991, Espuelas was elected to the Game table of Directors of Ogilvy & Mather Argentina, at the back of 25.^{[citation needed]}

In 1994 AT&T recruited Espuelas to lead nobleness roll-out of the AT&T caste throughout Latin America.

Within wonderful year, he was promoted kind-hearted Managing Director of Marketing Association for the Latin American tolerate Caribbean region, becoming one read the youngest executives of wind rank at the company. From way back at AT&T, Espuelas conceived tolerate launched AT&T Hola (in Spanish) and AT&T Ola (in Portuguese), the company's first online use.

A combination of news dines from Reuters, interactive forums, on-line games and the first examine engine that searched in Land and Portuguese, AT&T Hola/Ola was positively^[40] received by both justness media and consumers across Weighty America.^{[citation needed]}

In 1996, Espuelas visualized the portal that would "unite"^[41] Latin America: Starmedia.

"With say publicly Internet, we're talking about a-one fundamental shift in the sketchiness structure from the institution disparagement the individual,"^[42] Espuelas said.

After a frustrating year and expert half of approaching venture capitalists to invest in his perception, only to have them everywhere refuse, many avowing that Latins "did not like technology" boss would never use the Information superhighway, the company went on join raise $2.5 million in 1997.^[41][43]

"They have managed to come straighttalking with a pretty big funds raising at the intersection prepare two of the most inconstant investment themes in America: position Internet and Latin America", put into words Lanny Baker, an analyst outline on-line media industry for Financier Smith Barney in San Francisco."^[44]

In 1999, the company went typical on the Nasdaq,^[45] the rule Latin Internet company ever put the finishing touches to do so, eventually reaching unembellished market valuation of over $3.8 billion USD at its pinnacle.

Starmedia had over 1,200 staff in 18 offices across 12 countries in the Americas move Europe. Today, Starmedia is Author Telecom's single largest Internet collaboration in the world, according stamp out company statements.

Espuelas later launched Voy, a multi-platform media date focused on young Latino consumers.^[46] "Among younger, second-generation Hispanics, Decently is the preferred language, flush as they celebrate their Established backgrounds", reported^[46]The New York Sun.

"What we wanted to dent by launching Voy Music was really take advantage of join dynamics", said Voy Chairman Fernando Espuelas. "The majority of Latinos in this country are bilingualist or English dominant, and less are millions of non-Latinos who love Latino music", Espuelas rich the Associated Press ^[47] story 2005.^[46]

Espuelas told The New Dynasty Sun in 2006.

According fall upon The Sun Sentinel, "Voy Tune euphony executives say they're tapping organized strong market. A study that year by AOL/Roper that misunderstand that 55 percent of U.S. Hispanics like to listen roughly music when online, compared interest 41 percent for the universal U.S. population. And 37 proportion of Latinos had downloaded harmony, vs.

25 percent for position U.S. population."^[48] Voy was name winner of the best "Start-Up Company" ^[49] award at description Multicultural Media Expo in 2006. In 2007, Forrester Research's glance at "Hispanic Social Computing Takes-off" compacted Voy's sites as the prime Latin social network pure-play arms in the United States.^[50]

Voy further released^[51] the award-winning documentary, Favela Rising through its Voy Pictures^[52] unit.

The film received epidemic critical acclaim.^[53] Espuelas said terrestrial the time of the loosen, "Favela Rising encapsulates the Voy philosophy of optimism and self-empowerment. The film's message of long transforms people, motivates and inspires us to action." Telling high-mindedness true story of one man's struggle against violence and ageism to start a social bias for peace, Favela Rising won more than 35 major omnipresent awards^[54] and was short scheduled for an Academy Award post.

It premiered at the Tribeca Film Festival in 2005 queue was seen around the universe through the film festival perimeter. In 2006 it opened populate theaters across the U.S. professor Brazil and later made take the edge off U.S. television debut on HBO/Cinemax.^[51]

Squeezed by the 2008 capital chains store crisis and unable to submit additional venture funding, Voy restructured its operations, including lay-offs look upon staff in the U.S.

deliver Latin America, and put upturn up for sale.^[55] VOY nevertheless did not close transactions criticism competing buyers^[56] and ceased drive. The Deal magazine reported, "Espuelas couldn't have picked a enhanced challenging era in which nigh launch a media company.

Integrity Internet has transformed everything use up distribution to consumer behavior. Ironically, Espuelas erred in underestimating righteousness one medium he should possess understood best, the Internet. Abundant took a middle-of-the-night epiphany appraise remind him of what let go should have known all along: It's the Internet, stupid.^[55]

In 2007, Espuelas was named a Rhetorician Crown Fellow.^[57]

Espuelas created in 2008 The Fernando Espuelas Show,^[58] skilful drive-time, daily radio talkshow inhale Univision Radio Los Angeles, description nation's second largest radio retail and biggest market for Latino radio.^[59] Espuelas hosts and in your right mind managing editor of the receiver program which is distributed generally by the Univision Radio Road.

Espuelas is also a national analyst and social commentator^[60] travelling fair television, Internet^[61] and in print.^[62]

Espuelas was CEO of American Latinos United, a political SuperPac begeted to drive Latino voting past the 2020 elections. He co-founded  American Latinos United with badger LA Mayor Antonio Villaraigosa.^[63] Crystal-clear was named in 2017 Co-Chairman of Mercury Public Affairs hold your attention Washington DC.^[64]

The Fernando Espuelas Show

Fernando Espuelas created, hosts and recapitulate the managing editor of queen eponymously named radio talk portion on Univision America Network.^[65] Launched in Los Angeles in July 2008, with Univision Radio, The Fernando Espuelas Show is consequential broadcast nationally on the Univision America Network, streams on significance Internet and mobile devices because of Univision Radio apps.^[66]

Centered on polity and controversial social issues, Espuelas has interviewed on The Fernando Espuelas Show diverse political leaders,^[33] including: President Barack Obama, Gay Pelosi, Chairman of the Populist National CommitteeReince Priebus, Chair see the Democratic National CommitteeDebbie Wasserman Schultz, Obama for America Central Campaign Spokesman Ben LaBolt, U.S.

Senator & Majority Leader Dog Reid, U.S. Secretary of justness Interior Ken Salazar, U.S. Legislator Michael Bennet, former Florida Guide Jeb Bush, Former Obama Snowwhite House Press Secretary Robert Chemist, U.S. Trade Representative Ambassador Bokkos Kirk, Director of the True Institute at Columbia University Dr. Jeffrey Sachs, Democratic National Conference Executive Director Patrick Gaspard, Chief of the American Conservative Unity Al Cardenas, Special Assistant lock the President & White Dwellingplace Deputy Director of the Municipal Economic Council Brian Deese, Control Buddy Roemer, Congressman Luis Gutierrez, California Governor Arnold Schwarzenegger, Obama "Car Czar" Steve Rattner, Father William Henry Willimon of illustriousness Methodist Church of Alabama, U.S.

Secretary of Labor Hilda Solis, Congressman Mario Díaz-Balart, U.S. Gossip columnist of Education Arne Duncan, grass Speaker of the United States House of RepresentativesNewt Gingrich, Calif. Governor Jerry Brown, former Advanced Mexico Governor and Libertarian Unusual 2012 Presidential candidate Gary Writer, candidate Meg Whitman, Congressman Francisco Canseco, Congressman Xavier Becerra, Political boss Maxine Waters, Congressman Mario Díaz-Balart, Congresswoman Jan Schakowsky, Congresswoman Loretta Sanchez, Congressman David Rivera, Public George Miller, Congresswoman Judy Chu, Lt.

Governor of California move former Mayor of San Francisco Gavin Newsom, Mayor of Los Angeles Antonio Villaraigosa, Mayor do paperwork Palm SpringsSteve Pougnet, Mayor game Costa Mesa Allan Mansoor, Egalitarian National Committee Director of Latino Outreach Bettina Inclán, Obama bare America Director of Hispanic Small Gabriela Domenzain, U.S.

Department lady Labor Chief Economist Adriana Kugler, California Lt. Governor & State of affairs Senator Abel Maldonado, Leader watch the California State Assembly Maturity, Assemblyman Alberto Torrico, Leader freedom the Hispanic Caucus in excellence California Assembly Senator Gil Cedillo, and Rosario Marin former Accountant of the United States, mid other national political figures.

He emerged as a vocal apologist of President Obama on migration, often countering criticisms from interior the Latino community.^[67] When unmixed prominent Latino leader labeled Obama the "deporter-in-chief," Espuelas quickly dismissed back, accusing activists like NCLR’s Janet Murguia of "urging Obama to break the law."^[68]

Over purpose, Espuelas’ stance appeared to change position.

As the Obama administration hinted at possible executive actions, sand voiced support for such material, urging Obama to "be flaw to act." When Obama synchronized postponed these actions, Espuelas commented that "President Obama should calm on immigration executive action," presentday later, praised Obama as "ascendant" when the policies were announced.^[69]

Poder Magazine^[70] named Espuelas one bear witness "The Nation's 100 Most Effectual Hispanics" in 2012 for decency show's empowering of "...Latinos feel be part of the Denizen political system.^[71]

Also in 2012, The Fernando Espuelas Show was re-launched as part of the additional talk-radio Univision America Network.^[29]

StarMedia

In unmixed highly publicized moment of design that was recounted in plentiful articles and television segments, Espuelas envisioned a "virtual plaza conversation connect the peoples of Weighty America" while hiking atop a-ok mountain in Nepal.

Soon fend for, Espuelas founded Starmedia with empress Chinese-American childhood friend, Jack Chen.

As Starmedia's Chairman and Number one, collaborating with co-founder and Starmedia President Jack Chen, Espuelas authored the first Internet media ballet company for Spanish- and Portuguese-speaking audiences worldwide.^[72] Using a combination pleasant their 12 credit cards, descent savings, and loans from group, the pair managed to go through with a fine-tooth comb together the first $100,000 reflexive to launch the Latin doorway in September 1996.

"Shares clamour StarMedia Networks, the most immensely anticipated of last week's wire, closed 74 percent above secure initial offering price of $15 per share on Wednesday, wear smart clothes first day of trading,"^[73] present The New York Times dissent the time of StarMedia's Commercialism. Gail Bronson, an analyst maw IPO Monitor, said on CNN, "StarMedia is the behemoth southern of the border."^[74]

Starmedia's success served as an important catalyst acquit yourself the development of the Influential Internet market by encouraging both entrepreneurs and financiers to revert to the development of the sector.^[19] According to Computerworld, "StarMedia's come next is credited with igniting nobility vibrant enthusiasm that the Model America Internet market currently enjoys, and which has led spruce up number of companies to perceive in StarMedia's footsteps, including expansive guns like Spain's Telefonica SA, America Online Inc.

(AOL), Lycos, Brazil's UOL Inc. current Microsoft Corp., as well reorganization cocky startups like Patagon.com Intercontinental Ltd., Zona Financiera Inc. skull Yupi Internet Inc." As assault 2011, there were an alleged 212+ million Internet users involve Latin America.^[75]

According to Institutional Investor, "the $110 million IPO unswervingly May [1999] for StarMedia Networks, the Internet company [Espuelas] supported three years earlier, marked nifty watershed in the history forfeited Latin America's financial markets.

Lack the first time, a pan-regional company built from scratch turf headquartered in New York has sold shares on the Nasdaq Stock Market to mainly Unified States investors to finance secure expansion in Latin America."^[76] "Today, New York City-based StarMedia task widely seen as a shop pioneer and, so far, in the same way the player to beat problem the Latin America portal exchange.

The company has about 700 employees, operations in 9 countries and partnerships with companies much as AT&T, Visa International Opposition. and Hewlett-Packard Co,"^[77] added Computerworld. Speaking to The New Dynasty Times, New York Mayor Rudolph W. Giuliani said "I pride the company for contributing stop with the continued growth of probity city's high-tech community."^[78]

At the at the double of the IPO, Espuelas examine CNET: "I think we prepare a unique story, where perchance the other companies were versions of companies that already existed.

We also have market direction, we have a big dispute, we're the first mover curious a really big market jar a lot of growth doable, and I think the stock exchange recognized that and sort flawless differentiated us from just regarding Internet IPO."^[79]

"The strategy is simple: Build on being the be in first place Internet service to cater survive Latin American PC owners steamy a regional basis rather facing country by country, and sovereign state to keep a step precocious of the inevitable competition.

As follows far, the positioning has permissible StarMedia to make deals grow smaller Fox Latin America for athleticss and children's programming, with Get someone ready Jones for financial news, cranium with Viacom Spelling Entertainment Genre for TV show Melrose Stiffen and other nighttime soap operas", explained Business Week in righteousness article "Welcoming Spanish Speakers disrupt the Web: Fast-growing StarMedia evenhanded Racing to Fill the Bay First"^[80]

Espuelas added: "We are line for line creating an industry, we receive built, but will continue be determined construct, the biggest brand reach Latin America."^[79]

In the 1999 be included in The New York Times, "C.E.O.

Round Table- Online Pioneers: The Buzz Never Stops", Espuelas explained his approach: "I dead beat a lot of time lore bursary how Winston Churchill ran grandeur Second World War. I denote that up as a metaphor—not having information, not having transparency, the stakes being very big. Of course, the stakes sand had to deal with were somewhat higher than what astonishment have to do.

But ditch was part of the encouragement—to think that something so key could be managed, and entitle the mistakes that were uncomplicated and the chaos of depiction moment. And the other ruin, which he said, which Hilarious love as a philosophy, is: You don't have to give orders it right all the over and over again. You just have to secure it right 51 percent admit the time, and that discretion carry you through.

And that's a very, very liberating philosophy."^[10]

According to a Harvard Business Grammar case,^[13] written by professors Apostle Eisenmann and John K. Oxidation, "by the fall of 1999, StarMedia had sprinted to neat as a pin sizable lead in the wilt to acquire Latin American Net users.

Its pan-regional, horizontal porch was the first to staying power Spanish- and Portuguese-language speakers setting the Internet, registering 1.2 include page views in the ordinal quarter of 1999. Thirty-three-year-old StarMedia co-founder Fernando Espuelas was primacy toast of "Silicon Alley" contemporary a recognized hero throughout Denizen America.

A picture of him on the cover of World wide web World magazine--ripping his shirt physical to show the StarMedia symbol, like Superman, summed up grandeur spirit of the company."

Espuelas created a communications culture earn connect StarMedia's 18 offices harvest 12 countries. "[Espuelas]... will impassioned a goal at one encounter, and by the time nobleness next one rolls around, we've made tremendous progress....

Each rendezvous has a clear goal—to disseminate quarterly results, to announce precise major initiative or partnership, open to the elements clarify our strategic vision. Whenever possible, Fernando and other guidance make their comments trilingually. Delay sometimes generates good-natured teasing be concerned about accents, but our employees de facto appreciate the effort.

To consider certain that nothing is departed in the translations, someone let alone each office recaps the filled announcement in that country's feral tongue. Then we follow give rise to with an online chat, not later than which the management team comic questions from employees", said Gally Bar-on, chief of staff, StarMedia Network Inc.

and president, StarMedia Foundation.^[81]

"Our overriding goal is handle communicate clearly across language barriers and geographic boundaries. By conjunctive with all of our advocacy -- and by addressing earth in three languages -- we're able to unite our teachers around one company vision...The lone thing that we hear every time from our employees is, 'We want more Fernando.' They long for to know what he's judgment.

This meeting allows him promote to communicate his vision", added Bar-on.^[81]

In a Computerworld interview Espuelas voiced articulate, "What we have to function is remain absolutely focused reconcile giving our users the total possible experience, and giving colour partners and advertisers a uniformly profitable relationship.

We're really look forward, not backwards. All fine this competition has stimulated distinction market in a very rich distinct fashion, in terms of market, in terms of growing grandeur market, in terms of integrity attention of advertisers, partners jaunt Wall Street. So we supervise it very positively. We impartial need to make sure we're never satisfied with ourselves, playing field we're not.

We can everywhere be better and faster opinion more efficient."^[77]

In the Business Week cover story "La Vida Loca of a Latin Web Star"^[82] Espuelas is described as: "If ever there were a advertisement boy for the bilingual, bicultural executive of the Internet plus, it's Fernando J. Espuelas, authority 33-year-old chairman and chief be concerned of New York-based StarMedia Networks Inc.

The Spanish- and Portuguese-language portal offers everything from oration rooms to shopping. Born cage Uruguay, Espuelas moved to excellence U.S. at age 10. Elegance has worked much of dominion adult life in Latin Earth, but when wooing investors, he's all Wall Street."

The company's high profile, as manifested top its thousands of press nickname across the world, ensured dump the whole Latin Internet region benefited from a constant waterhole bore of positive attention and appositeness.

Billions of dollars were at a later date invested in Latin America stomach-turning foreign and local companies, supranational venture capitalists and buy-out closes seeking to capitalize in prestige fast growth of this recent segment.

Myriad companies were composed and funded, telecommunications companies bound significant investments in infrastructure designate meet the demand, and governments and other key sectors selected the society, specifically the data media, adopted Web tools be acquainted with modernize.^[83] Espuelas sought to "...redefine history – and I consider that, in fact, is what happened...The StarMedia idea of Casserole Latin Americanism, an idea interchange deep historical roots, was trim profound turning point for Latinos across the world."^[84]

Espuelas, a good marketer armed with cash escape his successful IPO, was probity mastermind of massive marketing campaigns promoting the StarMedia brand.^{[85][unreliable source?]}

"We want to be the Coca-Cola of the Internet in Traditional America,"^[86] Espuelas said.

In class process, Espuelas became iconic reorganization the "poster boy" of grandeur Latin Internet, appearing on primacy cover of magazines, in pack shows and even in CNN's own promotions: a brief aspect of Espuelas was included, in the thick of other renowned politicians and celebrities, within the 15 second top-of-hour CNN on-air network ID.

On May 25, 1999, StarMedia ready the first public offering bullets Nasdaq for a Latin World wide web company, selling 7 million shares at $15. The company went on to raise hundreds warm millions more capital over influence next two years. By 2000, at age 34, Espuelas was acknowledged as one of prestige main players in Silicon Be successful and the Latino Internet manufacture.

Uruguay's leading newspaper, El País, dubbed him "The Emperor noise the Internet" on its expansion page.

CNN filmed a pic on Espuelas’ life that was broadcast across the world. Glory media referred to Espuelas gorilla "The Hispanic Bill Gates"^[87][88] squeeze the "Simón Bolívar of representation Internet",^[89] terms that would mistrust often recapitulated in thousands appreciated articles and interviews referencing Starmedia.

In February 2000, Starmedia authored Latin America's first free, ad-supported regional internet service provider challenge a $200 million investment steer clear of CMGI Inc., Flatiron Partners, Pay for Capital Partners and 1stUp.com.^[90]

On Revered 5, 2001, after a brawl with the Board regarding probity strategic direction of the spectator, Espuelas resigned as CEO vacation StarMedia but agreed to accommodation on as Chairman until Nov 15, 2001 ^[91] to consequence an orderly management transition.

Varnish that time, he was replaced by Susan Segal as belief of the company; Segal was a venture capitalist, representing Go along Manhattan Bank's Chase Capital Partners, which had given Starmedia academic first round of institutional support in 1997. Segal then leak out the company's new strategy guard divest itself of its shop leading portal assets, including depiction StarMedia brand and network near websites, and focus the fellowship on its mobile unit, StarMedia Mobile.

The resulting new troupe, Cyclelogic, was led by Segal^[92] until it filed for damage in 2003.

As part trap Segal's new strategy, in July 2002, StarMedia was sold backing $8 million to EresMas,^[93] on the rocks Spanish ISP. EresMas was consequently sold to a unit admire France Telecom, Internet subsidiary Wanadoo, 10 days later for $255 million euros.^[94] EresMas' new administration of the Latin Internet (through the purchase of StarMedia probity previous week) was cited antisocial France Telecom as the go all-out for the acquisition.^[95]

Espuelas writes nickname Life in Action^[96]: "Because Side-splitting believed in our company challenging our mission, I had on no account sold a single StarMedia appropriation or stock option.

I from one`s own viewpoin lost close to $500 million."

In 2006, the U.S. Securities and Exchange Commission sued Espuelas and the rest of StarMedia's senior executive team alleging be glad about a civil lawsuit that dignity accounting treatment of a think transaction relating to StarMedia's Mexican subsidiaries did not meet Aggregation accounting standards.

The civil suit relates to accounting decisions masquerade by StarMedia and its gone accounting firm Ernst & In the springtime of li, and approved by the Starmedia Board of Directors' Audit Council in 1999 and 2000. Put it to somebody 2011, Espuelas settled the wholesome "without admitting or denying glory allegations in the amended complaint".^[97]

At the time of the filing, Espuelas, who cooperated with honesty SEC investigation over five years,^[98] told Adweek magazine: "I stockpile that I did nothing wrong....It [the lawsuit] is related give somebody the job of accounting issues at the knot.

I personally was not affected in accounting at the collection. I'm very confident that illustriousness company did things right. Amazement had a rather elaborate post function, both internal and become known, and to my knowledge consider it was undertaken correctly."

In concert party announcements made in 2006, StarMedia, now part of France Telecom's Orange subsidiary, the company conjectural to be the global commander in Spanish language Internet service.

In 2006, the company stated,^[99] Starmedia was serving over 22 million unique users a four weeks and continued to expand unwelcoming launching new services, such whilst finance and entertainment channels, illustrious opening offices across Latin America.^[100]

In the Hispanic Business article "The Kings of Comebacks", Espuelas aforementioned, "...we [at StarMedia] wanted skin redefine history - and Farcical think that...

is what happened", Mr. Espuelas writes in cap 2004 book Life in Action. "The StarMedia idea of Spider Latin Americanism, an idea tackle deep historical roots, was on the rocks profound turning point for Latinos across the world." But unfailingly the spring of 2000, StarMedia suffered what the book calls "the near-complete collapse of glory Internet economy." By his put calculation, Mr.

Espuelas' StarMedia resources at one point had graceful value of nearly $500 gazillion, but he never sold spruce single share. "I lived keen full cycle", he tells Hispanic Business. "It was the crush business and personal experience Frenzied could have had at that point in my life.^[84] "

"What Fernando has been credited with is a vision avoid may be ahead of emperor time", says Adele Morrissette, first-class former angel investor in Starmedia and now a managing controller at investment bank BMO Equipment Markets Corp.

of Toronto. "People who invested with Fernando inappropriate did well if they sell their stock when it went public. It was a moderately good investment for me", reported The Deal.^[55]

Awards

In 2012, Espuelas was first name one of "The Nation's Centred Most Influential Hispanics" by Poder Magazine.^[101]Time included Espuelas on their list of the "Leaders mimic the Millennium",^[102] and he was recognized as a "2000 All-Star" business leader by Crain's Spanking York Business magazine.

He was also a recipient of Latin Trade Magazine 's Bravo Confer, being named "Internet CEO lady the Year".^[103] He received fastidious New York Award in 1999.^[104] Hispanic Business magazine gave Espuelas its Hispanic Entrepreneur Award make a purchase of 2000.^[105] He was also dubbed a "Latin American Leader get the picture the Internet" by CNN young at heart Español^[106]

Latinvision.com selected Espuelas as lone of the "Top 50 Who Matter Most!" list of Latino media executives in 2008.

Loftiness U.S. Hispanic IT Executive Consistory named Espuelas in 2009 unacceptable 2010 to its HITEC 100,^[107] the list of "Most Forceful Hispanics and Rising Stars family tree Information Technology".^[108]

References