The Noble Birth and Costly Death of
Early Venture Capitalism in Latin America

By Joseph James Borgatti

168 pages, hardbound and ebook
ISBN-13: 978-1-7324974-0-5 hardbound
ISBN-13: 978-1-7324974-1-2 ebook
Library of Congress: 2018951857
Publication date: December, 2018
Available on Amazon, Barnes & Noble, local bookstores

Email: info@chapinpublishing,com


Joe Borgatti is Director Emeritus of the America for Bulgaria Foundation since January 2013 after he retired as director of ABF in December 2012.

Mr. Borgatti continues to be Chairman, Director (since 1996), and member of the Executive Committee of the Bulgarian-American Enterprise Fund and Chairman of its Audit Committee. He has extensive international experience at the senior management level and as a consultant in commercial banking, mining, venture investment and privatization.

For the past 25 years he has served on the Board of Directors of a U.S. foundation, occasionally as President and currently as Treasurer and Secretary. The foundation supports the efforts of the Ixchel Museum in Guatemala to document, preserve and propagate the weavings of the Maya.


Reviews & Praise for ADELA

Joe Borgatti is probably the only person who could have written this book, and certainly the best qualified. Joe has had a prodigious experience of business life in many countries. He opened branches of Citibank in Latin America, developed a huge nickel mining and smelting complex in Guatemala, and has helped development banks resuscitate troubled deals from San Salvador to Egypt.

John Train, author of Money Masters of Our Time

Joe Borgatti knows his way around the developing world, having spent his 66- year professional career in Brazil, Guatemala, Egypt and Bulgaria. His insider’s account of the failure of Adela Investment Co. to promote economic development in Latin America in the 1960s and 1970s is contrasted with the hard-won successes of the Bulgarian-American Enterprise Fund in the 1990s. ADELA is a vigorous examination of what works and what doesn’t.

Melanie Kirkpatrick, former deputy editor of the Wall Street Journal’s editorial page, author of Escape from North Korea