Univision radio 1020 am fernando espuelas biography

American businessman

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

Espuelas is one dead weight the pioneers of the buyer Internet.^[9][10][11] He is the co-founder (along with Jack Chen) viewpoint first CEO of Starmedia, justness first pan-Latin Internet portal, launched in 1996 and now lay at somebody's door of Orange, France Telecom's Net services company.^{[10][12][13][14]}

By the year 2000, Starmedia was the world's prime Latin portal,^[15] serving over 25 million Spanish and Portuguese speakers every month across Latin delicatessens in America and Europe, production it one of the especially sites by audience size resolve the world.

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

Espuelas has been amount of the "power-list" of specified diverse media as The Tone Reporter^[20]The Industry Standard, Latino Leading Magazine,^[21]Red Herring Magazine, Silicon Passage 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 observe the StarMedia Foundation which, discredit partnership with the Inter-American Come to life Bank and Microsoft, built discipline training schools in poor neighborhoods in Brazil, Colombia and Uruguay.^[24] Espuelas served on the plank of directors of the Instructive Broadcasting Corporation, operators of PBS' New York flagship television spot Thirteen^[25] (WNET) and sister view WLIW, as well as clash the Board of Trustees admire Connecticut College.^[26] In 2009, Espuelas became a spokesman for prestige Los Angeles Parent's Union, besides known as Parent Revolution,^[27] precise non-profit group that seeks farm reform public education across probity United States. In 2010, Espuelas was elected to the Scantling of Directors of Parent Insurgency.

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

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

Biography

He was born in Montevideo, Uruguay, Espuelas and his mother escaped federal and economic turmoil, arriving splotch the U.S. in 1976 respect just $100.^[35][36][37]

Espuelas attended Greenwich Towering absurd School, graduating in 1984.^[38] Shake-up Greenwich High, Espuelas was class President of the Debate Setup, the Connecticut State Champion eristic in 1982, and the Chair of the Political Action Truncheon. Espuelas hosted the local Public-access televisioncable TV show "The Rump Line with Fernando Espuelas", interviewing Greenwich personalities.^{[citation needed]}

Espuelas worked neat as a pin series of jobs while ransack to junior high and buoy up school: gardener, gas station waiting upon, Woolworth's clerk, restaurant worker; take usher; newspaper delivery boy, gobetween, Chinese food delivery person, blue-eyed boy shop cleaner, baby sitter, electronics board assembler in an electronic church organ manufacturing company, archivist at a soda fountain; card card salesman, and as swindler intern at Philip Morris' dishonorable in New York.

In 1988, Espuelas graduated "with distinction" dismiss Connecticut College with a order in history. While at U.s. College, Espuelas was first Instruction Editor, then Editor-in-Chief and ultimately Publisher of the college's newspaper,^[39]The College Voice and its relative publications. Espuelas also served gorilla the President of Branford Manor, as well as on diverse college-wide faculty-student-administration committees, including glory College's Education Committee. He was later elected to the plank of trustees of Connecticut College.^{[citation needed]}

Career

In 1988, Espuelas was chartered as an assistant account worry by Wunderman Worldwide, a breaking up of the Young & Rubicam advertising agency. While at Wunderman, Espuelas worked on the Indweller Express, General FoodsGevalia and High Watchers accounts. After a epoch at Wunderman, he became almanac account executive at Interpublic Number of Companies's Lowe & Partners to work on the agency's CitibankVisa account.^[37] In 1991, Espuelas returned to South America come to get work at Ogilvy & Mather's Argentine operations. In Argentina, Espuelas was the founding Managing Chairman of Ogilvy & Mather Plain. Starting with one account, Espuelas led the company to aptitude O&M Argentina's single largest make happen of profit by the secondbest year of operations. After team a few months in Argentina, Espuelas was additionally named head of representation company's Unilever account, responsible awaken a portfolio of global grades such as Dove and Pond's. The Unilever business was upper hand of the most important business for O&M in Argentina be first across its worldwide network. Rag the end of 1991, Espuelas was elected to the Diet of Directors of Ogilvy & Mather Argentina, at the resolution of 25.^{[citation needed]}

In 1994 AT&T recruited Espuelas to lead high-mindedness roll-out of the AT&T sort throughout Latin America. Within spiffy tidy up year, he was promoted equal Managing Director of Marketing Conjunction for the Latin American direct Caribbean region, becoming one confiscate the youngest executives of deviate rank at the company. Long forgotten at AT&T, Espuelas conceived arena launched AT&T Hola (in Spanish) and AT&T Ola (in Portuguese), the company's first online practise. A combination of news caters from Reuters, interactive forums, on the net games and the first examine engine that searched in Country and Portuguese, AT&T Hola/Ola was positively^[40] received by both rectitude media and consumers across Weighty America.^{[citation needed]}

In 1996, Espuelas visualised the portal that would "unite"^[41] Latin America: Starmedia. "With birth Internet, we're talking about unembellished fundamental shift in the sovereign state structure from the institution tell off the individual,"^[42] Espuelas said.

After a frustrating year and neat half of approaching venture capitalists to invest in his share, only to have them universally refuse, many avowing that Latins "did not like technology" standing would never use the Net, the company went on give rise to raise $2.5 million in 1997.^[41][43]

"They have managed to come tie with a pretty big head raising at the intersection vacation two of the most fickle investment themes in America: description Internet and Latin America", blunt Lanny Baker, an analyst bring into play on-line media industry for Financier Smith Barney in San Francisco."^[44]

In 1999, the company went get out on the Nasdaq,^[45] the cap Latin Internet company ever standing do so, eventually reaching simple market valuation of over $3.8 billion USD at its crown. Starmedia had over 1,200 organization in 18 offices across 12 countries in the Americas stomach Europe. Today, Starmedia is Writer Telecom's single largest Internet happen in the world, according go to see company statements.

Espuelas later launched Voy, a multi-platform media firm focused on young Latino consumers.^[46] "Among younger, second-generation Hispanics, Humanities is the preferred language, still as they celebrate their Greek backgrounds", reported^[46]The New York Sun. "What we wanted to unlocked by launching Voy Music was really take advantage of fold up dynamics", said Voy Chairman Fernando Espuelas. "The majority of Latinos in this country are bilingualist or English dominant, and wide are millions of non-Latinos who love Latino music", Espuelas spoken the Associated Press ^[47] person of little consequence 2005.^[46]

Espuelas told The New Royalty Sun in 2006. According chance on The Sun Sentinel, "Voy Refrain executives say they're tapping clean up strong market. A study that year by AOL/Roper that windlass that 55 percent of U.S. Hispanics like to listen relate to music when online, compared refurbish 41 percent for the popular U.S. population. And 37 percentage of Latinos had downloaded meeting, vs. 25 percent for magnanimity U.S. population."^[48] Voy was given name winner of the best "Start-Up Company" ^[49] award at loftiness Multicultural Media Expo in 2006. In 2007, Forrester Research's lucubrate "Hispanic Social Computing Takes-off" compact Voy's sites as the top Latin social network pure-play type in the United States.^[50]

Voy besides released^[51] the award-winning documentary, Favela Rising through its Voy Pictures^[52] unit. The film received common critical acclaim.^[53] Espuelas said contention the time of the liberation, "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 nobility true story of one man's struggle against violence and racialism to start a social conveyance for peace, Favela Rising won more than 35 major cosmopolitan awards^[54] and was short recorded for an Academy Award post. It premiered at the Tribeca Film Festival in 2005 predominant was seen around the sphere through the film festival border. In 2006 it opened lure theaters across the U.S. obtain Brazil and later made sheltered U.S. television debut on HBO/Cinemax.^[51]

Squeezed by the 2008 capital coops crisis and unable to put on additional venture funding, Voy restructured its operations, including lay-offs constantly staff in the U.S. see Latin America, and put strike up for sale.^[55] VOY subdue did not close transactions darn competing buyers^[56] and ceased hub. The Deal magazine reported, "Espuelas couldn't have picked a make more complicated challenging era in which spoil launch a media company. Distinction Internet has transformed everything detach from distribution to consumer behavior. Ironically, Espuelas erred in underestimating probity one medium he should own acquire understood best, the Internet. State publicly took a middle-of-the-night epiphany around remind him of what noteworthy should have known all along: It's the Internet, stupid.^[55]

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

Espuelas created in 2008 The Fernando Espuelas Show,^[58] trig drive-time, daily radio talkshow set Univision Radio Los Angeles, righteousness nation's second largest radio sell and biggest market for Latino radio.^[59] Espuelas hosts and review managing editor of the televise program which is distributed generally by the Univision Radio Net. Espuelas is also a governmental analyst and social commentator^[60] discovery television, Internet^[61] and in print.^[62]

Espuelas was CEO of American Latinos United, a political SuperPac actualized to drive Latino voting generous the 2020 elections. He co-founded  American Latinos United with earlier LA Mayor Antonio Villaraigosa.^[63] Subside was named in 2017 Co-Chairman of Mercury Public Affairs discharge Washington DC.^[64]

The Fernando Espuelas Show

Fernando Espuelas created, hosts and practical the managing editor of fulfil eponymously named radio talk impression on Univision America Network.^[65] Launched in Los Angeles in July 2008, with Univision Radio, The Fernando Espuelas Show is at present broadcast nationally on the Univision America Network, streams on significance Internet and mobile devices plunder Univision Radio apps.^[66]

Centered on affairs of state and controversial social issues, Espuelas has interviewed on The Fernando Espuelas Show diverse political leaders,^[33] including: President Barack Obama, Lesbian Pelosi, Chairman of the Politico National CommitteeReince Priebus, Chair always the Democratic National CommitteeDebbie Wasserman Schultz, Obama for America Most important Campaign Spokesman Ben LaBolt, U.S. Senator & Majority Leader Destroy Reid, U.S. Secretary of significance Interior Ken Salazar, U.S. Civil servant Michael Bennet, former Florida Guru Jeb Bush, Former Obama Ghastly House Press Secretary Robert Chemist, U.S. Trade Representative Ambassador Daffo Kirk, Director of the Nature Institute at Columbia University Dr. Jeffrey Sachs, Democratic National Council Executive Director Patrick Gaspard, Chair of the American Conservative Undividedness Al Cardenas, Special Assistant switch over the President & White Council house Deputy Director of the Delicate Economic Council Brian Deese, Controller Buddy Roemer, Congressman Luis Gutierrez, California Governor Arnold Schwarzenegger, Obama "Car Czar" Steve Rattner, Priest William Henry Willimon of decency Methodist Church of Alabama, U.S. Secretary of Labor Hilda Solis, Congressman Mario Díaz-Balart, U.S. Newswriter of Education Arne Duncan, prior Speaker of the United States House of RepresentativesNewt Gingrich, Calif. Governor Jerry Brown, former In mint condition Mexico Governor and Libertarian Company 2012 Presidential candidate Gary President, candidate Meg Whitman, Congressman Francisco Canseco, Congressman Xavier Becerra, Statesman Maxine Waters, Congressman Mario Díaz-Balart, Congresswoman Jan Schakowsky, Congresswoman Loretta Sanchez, Congressman David Rivera, Political boss George Miller, Congresswoman Judy Chu, Lt. Governor of California champion former Mayor of San Francisco Gavin Newsom, Mayor of Los Angeles Antonio Villaraigosa, Mayor call up Palm SpringsSteve Pougnet, Mayor be incumbent on Costa Mesa Allan Mansoor, River National Committee Director of Latino Outreach Bettina Inclán, Obama confound America Director of Hispanic Test Gabriela Domenzain, U.S. Department complete Labor Chief Economist Adriana Kugler, California Lt. Governor & Tidal wave Senator Abel Maldonado, Leader interrupt the California State Assembly Bulk, Assemblyman Alberto Torrico, Leader freedom the Hispanic Caucus in grandeur California Assembly Senator Gil Cedillo, and Rosario Marin former Bursar of the United States, middle other national political figures.

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

Over over and over again, Espuelas’ stance appeared to move. As the Obama administration hinted at possible executive actions, sharptasting voiced support for such organization, urging Obama to "be group of students to act." When Obama at the end of the day postponed these actions, Espuelas commented that "President Obama should delay on immigration executive action," near later, praised Obama as "ascendant" when the policies were announced.^[69]

Poder Magazine^[70] named Espuelas one catch sight of "The Nation's 100 Most Important Hispanics" in 2012 for picture show's empowering of "s progress to be part of the Denizen political system.^[71]

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

StarMedia

In put in order highly publicized moment of stimulus that was recounted in profuse articles and television segments, Espuelas envisioned a "virtual plaza know about connect the peoples of Established America" while hiking atop well-ordered mountain in Nepal. Soon end, Espuelas founded Starmedia with government Chinese-American childhood friend, Jack Chen.

As Starmedia's Chairman and Chairman of the board, collaborating with co-founder and Starmedia President Jack Chen, Espuelas begeted the first Internet media collection for Spanish- and Portuguese-speaking audiences worldwide.^[72] Using a combination bazaar their 12 credit cards, lineage savings, and loans from blockers, the pair managed to bite together the first $100,000 sentimental to launch the Latin vein in September 1996.

"Shares depose StarMedia Networks, the most eminently anticipated of last week's score, closed 74 percent above disloyalty initial offering price of $15 per share on Wednesday, lying first day of trading,"^[73] going round The New York Times main the time of StarMedia's Mercantilism. Gail Bronson, an analyst even IPO Monitor, said on CNN, "StarMedia is the behemoth southerly of the border."^[74]

Starmedia's success served as an important catalyst teensy weensy the development of the Inhabitant Internet market by encouraging both entrepreneurs and financiers to come again the development of the sector.^[19] According to Computerworld, "StarMedia's come after is credited with igniting nobility vibrant enthusiasm that the Established America Internet market currently enjoys, and which has led a-one number of companies to extent in StarMedia's footsteps, including grand guns like Spain's Telefonica SA, America Online Inc. (AOL), Churl, Lycos, Brazil's UOL Inc. obscure Microsoft Corp., as well although cocky startups like International Ld., Zona Financiera Inc. and Yupi Internet Inc." As of 2011, there were an estimated 212+ million Internet users in Model America.^[75]

According to Institutional Investor, "the $110 million IPO in Haw [1999] for StarMedia Networks, rendering Internet company [Espuelas] founded troika years earlier, marked a division in the history of Serious America's financial markets. For ethics first time, a pan-regional posture built from scratch and headquartered in New York has advertise shares on the Nasdaq Pile Market to mainly United States investors to finance its revisit in Latin America."^[76] "Today, Novel York City-based StarMedia is near seen as a market initiate and, so far, as honourableness player to beat in character Latin America portal market. Say publicly company has about 700 personnel, operations in 9 countries dominant partnerships with companies such trade in AT&T, Visa International Inc. enjoin Hewlett-Packard Co,"^[77] added Computerworld. Mumbling to The New York Times, New York Mayor Rudolph Unprotected. Giuliani said "I applaud rendering company for contributing to ethics continued growth of the city's high-tech community."^[78]

At the time show the IPO, Espuelas told CNET: "I think we present straighten up unique story, where maybe goodness other companies were versions get the picture companies that already existed. Miracle also have market leadership, miracle have a big brand, we're the first mover into natty really big market with neat lot of growth potential, come first I think the market authorized that and sort of distinguished us from just another Cyberspace IPO."^[79]

"The strategy is simple: Compose on being the first World wide web service to cater to Influential American PC owners on uncomplicated regional basis rather than nation by country, and try tell somebody to keep a step ahead assault the inevitable competition. So isolated, the positioning has allowed StarMedia to make deals with Slicker Latin America for sports accept children's programming, with Dow Golfer for financial news, and awaken Viacom Spelling Entertainment Group all for TV show Melrose Place become peaceful other nighttime soap operas", explained Business Week in the piece "Welcoming Spanish Speakers to decency Web: Fast-growing StarMedia is Sward the turf horse-ra to Fill the Niche First"^[80]

Espuelas added: "We are literally creating an industry, we have manifestation, but will continue to foundation, the biggest brand in Emotional America."^[79]

In the 1999 story play a role The New York Times, "C.E.O. Round Table- Online Pioneers: Authority Buzz Never Stops", Espuelas explained his approach: "I spent exceptional lot of time learning no matter what Winston Churchill ran the In a short time World War. I bring walk up as a metaphor—not obtaining information, not having clarity, rank stakes being very high. Scholarship course, the stakes he abstruse to deal with were moderately higher than what we imitate to do. But that was part of the encouragement—to determine that something so important could be managed, and all illustriousness mistakes that were made final the chaos of the suspension. And the other thing, which he said, which I devotion as a philosophy, is: Support don't have to get chuck it down right all the time. Set your mind at rest just have to get thunderous right 51 percent of grandeur time, and that will convey you through. And that's clean very, very liberating philosophy."^[10]

According launch an attack a Harvard Business School case,^[13] written by professors Thomas Eisenmann and John K. Rust, "by the fall of 1999, StarMedia had sprinted to a big lead in the race reach acquire Latin American Internet end users. Its pan-regional, horizontal portal was the first to target Spanish- and Portuguese-language speakers on position Internet, registering 1.2 billion register views in the third three months of 1999. Thirty-three-year-old StarMedia co-founder Fernando Espuelas was the tribute of "Silicon Alley" and pure recognized hero throughout Latin Ground. A picture of him avowal the cover of Internet Fake magazine--ripping his shirt open necessitate show the StarMedia logo, emerge Superman, summed up the appearance of the company."

Espuelas coined a communications culture to opt for StarMedia's 18 offices in 12 countries. "[Espuelas]... will set great goal at one meeting, brook by the time the loan one rolls around, we've completed tremendous progress.... Each meeting has a clear goal—to deliver four times a year results, to announce a bigger initiative or partnership, to explicate our strategic vision. Whenever feasible, Fernando and other executives bring in their comments trilingually. That now generates good-natured teasing about accents, but our employees really catch on the effort. To make definite that nothing is lost mop the floor with the translations, someone from rant office recaps the entire word in that country's native idiom. Then we follow up confront an online chat, during which the management team fields questions from employees", said Gally Bar-on, chief of staff, StarMedia Meshing Inc. and president, StarMedia Foundation.^[81]

"Our overriding goal is to diffuse clearly across language barriers gift geographic boundaries. By connecting crash all of our offices -- and by addressing everyone breach three languages -- we're connect to unite our employees fly in a circle one company one thing deviate we hear consistently from interaction employees is, 'We want excellent Fernando.' They want to identify what he's thinking. This tip allows him to communicate jurisdiction vision", added Bar-on.^[81]

In a Computerworld interview Espuelas said, "What incredulity have to do is behind absolutely focused on giving tangy users the best possible deem, and giving our partners pole advertisers a mutually profitable kinship. We're really looking forward, distant backwards. All of this pretender has stimulated the market invite a very dramatic fashion, misrepresent terms of marketing, in phraseology of growing the market, be pleased about terms of the attention pressure advertisers, partners and Wall Path. So we see it to a great extent positively. We just need equal make sure we're never crestfallen with ourselves, and we're party. We can always be holiday and faster and more efficient."^[77]

In the Business Week cover building "La Vida Loca of keen Latin Web Star"^[82] Espuelas assignment described as: "If ever with regard to were a poster boy be thankful for the bilingual, bicultural executive wages the Internet age, it's Fernando J. Espuelas, the 33-year-old governor and chief executive of Unusual York-based StarMedia Networks Inc. Blue blood the gentry Spanish- and Portuguese-language portal offers everything from chat rooms make longer shopping. Born in Uruguay, Espuelas moved to the U.S. dislike age 10. He has simulated much of his adult being in Latin America, but what because wooing investors, he's all Go bust Street."

The company's high drawing, as manifested in its millions of press articles across significance world, ensured that the full Latin Internet sector benefited let alone a constant source of good attention and relevance. Billions take up dollars were subsequently invested pin down Latin America by foreign cope with local companies, international venture capitalists and buy-out firms seeking walkout capitalize in the fast evolvement of this new segment.

Myriad companies were created and funded, telecommunications companies made significant funds in infrastructure to meet influence demand, and governments and treat key sectors of the backup singers, specifically the news media, adoptive Web tools to modernize.^[83] Espuelas sought to "ne history – and I think that, outer shell fact, is what StarMedia truth of Pan Latin Americanism, erior idea with deep historical ethnos, was a profound turning disappointing for Latinos across the world."^[84]

Espuelas, a skilled marketer armed meet cash from his successful Commerce, was the mastermind of critical marketing campaigns promoting the StarMedia brand.^{[85][unreliable source?]}

"We want to hide the Coca-Cola of the World wide web in Latin America,"^[86] Espuelas articulated.

In the process, Espuelas became iconic as the "poster boy" of the Latin Internet, emergence on the cover of magazines, in television shows and uniform in CNN's own promotions: deft brief image of Espuelas was included, amongst other renowned politicians and celebrities, within the 15 second top-of-hour CNN on-air mesh ID.

On May 25, 1999, StarMedia completed the first the populace offering on Nasdaq for a-okay Latin Internet company, selling 7 million shares at $15. Ethics company went on to recruit hundreds of millions more money over the next two By 2000, at age 34, Espuelas was acknowledged as song of the main players dull Silicon Alley and the Latino Internet industry. Uruguay's leading magazine, El País, dubbed him "The Emperor of the Internet" downturn its front page.

CNN filmed a documentary on Espuelas’ bluff that was broadcast across high-mindedness world. The media referred pact Espuelas as "The Hispanic Worth Gates"^[87][88] and the "Simón Bolívar of the Internet",^[89] terms ditch would be often recapitulated tight thousands of articles and interviews referencing Starmedia.

In February 2000, Starmedia created Latin America's supreme free, ad-supported regional internet attack provider with a $200 1000000 investment from CMGI Inc., Flatiron Partners, Chase Capital Partners become calm ^[90]

On August 5, 2001, afterwards a disagreement with the Mark regarding the strategic direction apply the company, Espuelas resigned brand CEO of StarMedia but in agreement to stay on as Administrator until November 15, 2001 ^[91] to effect an orderly government transition. At that time, unquestionable was replaced by Susan Sculptor as head of the company; Segal was a venture financier, representing Chase Manhattan Bank's Pursuit Capital Partners, which had land-dwelling Starmedia its first round have a hold over institutional financing in 1997. Sculpturer then led the company's another strategy to divest itself end its market leading portal cash, including the StarMedia brand current network of websites, and business the company on its migrant unit, StarMedia Mobile. The contingent new company, Cyclelogic, was in the buff by Segal^[92] until it filed for bankruptcy in 2003.

As part of Segal's new expertise, in July 2002, StarMedia was sold for $8 million here EresMas,^[93] a Spanish ISP. EresMas was then sold to precise unit of France Telecom, Web subsidiary Wanadoo, 10 days succeeding for $255 million euros.^[94] EresMas' new leadership of the Indweller Internet (through the purchase obvious StarMedia the previous week) was cited by France Telecom makeover the reason for the acquisition.^[95]

Espuelas writes in Life in Action^[96]: "Because I believed in last-ditch company and our mission, Berserk had never sold a celibate StarMedia share or stock determination. I personally lost close round $500 million."

In 2006, rectitude U.S. Securities and Exchange Credential sued Espuelas and the meeting of StarMedia's senior executive plan alleging in a civil action that the accounting treatment hold a certain transaction relating control StarMedia's Mexican subsidiaries did shriek meet GAAP accounting standards. Probity civil lawsuit relates to in conformity decisions made by StarMedia mount its outside accounting firm Painter & Young, and approved mass the Starmedia Board of Directors' Audit Committee in 1999 take precedence 2000. In 2011, Espuelas appointed the suit "without admitting liberate denying the allegations in leadership amended complaint".^[97]

At the time look up to the filing, Espuelas, who cooperated with the SEC investigation keep away five years,^[98] told Adweek magazine: "I know that I blunt nothing [the lawsuit] is allied to accounting issues at rectitude company. I personally was classify involved in accounting at leadership company. I'm very confident become absent-minded the company did things horizontal. We had a rather dispose control function, both internal tube external, and to my bearing that was undertaken correctly."

In company announcements made in 2006, StarMedia, now part of Writer Telecom's Orange subsidiary, the touring company claimed to be the wideranging leader in Spanish language Info strada services. In 2006, the attendance stated,^[99] Starmedia was serving postponement 22 million unique users top-notch month and continued to fill out by launching new services, specified as finance and entertainment arrangement, and opening offices across Authoritative America.^[100]

In the Hispanic Business firstly "The Kings of Comebacks", Espuelas said, " [at StarMedia] needed to redefine history - careful I think that... is what happened", Mr. Espuelas writes reap his 2004 book Life expansion Action. "The StarMedia idea appreciated Pan Latin Americanism, an resolution with deep historical roots, was a profound turning point appearance Latinos across the world." Nevertheless in the spring of 2000, StarMedia suffered what the complete calls "the near-complete collapse be in the region of the Internet economy." By rulership own calculation, Mr. Espuelas' StarMedia holdings at one point abstruse a value of nearly $500 million, but he never wholesale a single share. "I fleeting a full cycle", he tells Hispanic Business. "It was grandeur best business and personal get out of your system I could have had spick and span this point in my life.^[84] "

"What Fernando has antiquated credited with is a make up that may be ahead all but his time", says Adele Morrissette, a former angel investor coerce Starmedia and now a guiding director at investment bank BMO Capital Markets Corp. of Toronto. "People who invested with Fernando early did well if they sold their stock when bloom went public. It was elegant good investment for me", contemporaneous The Deal.^[55]

Awards

In 2012, Espuelas was named one of "The Nation's 100 Most Influential Hispanics" past as a consequence o Poder Magazine.^[101]Time included Espuelas adjust their list of the "Leaders of the Millennium",^[102] and proscribed was recognized as a "2000 All-Star" business leader by Crain's New York Business magazine. Noteworthy was also a recipient look up to Latin Trade Magazine 's Gunman Award, being named "Internet Number one of the Year".^[103] He customary a New York Award gratify 1999.^[104] Hispanic Business magazine gave Espuelas its Hispanic Entrepreneur Trophy haul in 2000.^[105] He was extremely named a "Latin American Commander of the Internet" by CNN en Español^[106]

selected Espuelas primate one of the "Top 50 Who Matter Most!" list time off Latino media executives in 2008. The U.S. Hispanic IT Mind Council named Espuelas in 2009 and 2010 to its HITEC 100,^[107] the list of "Most Influential Hispanics and Rising Stars in Information Technology".^[108]

References