Marcos Galperin in 2009
October 31, 1971 |
Buenos Aires, Argentina
|Alma mater||University of Pennsylvania (BS 1994)
Stanford University (MBA 1999)
|Occupation||CEO of MercadoLibre.com|
|Known for||Co-founder of MercadoLibre.com|
|Net worth||US$400 million (October 2012)|
Marcos Galperin was born in Buenos Aires, Argentina to a wealthy family, owner of SADESA, one of the largest leather sellers companies in the world. He attended Colegio San Andres in Olivos, Buenos Aires. In 1990, after graduating from high school, he travelled to the United States to study Finances at The Wharton School of the University of Pennsylvania. There, he became friend with José Estenssoro, YPF president's son. In 1994, he joined this company when he finished college and returned to Argentina.
In 1997, he returned to the United States and he enrolled at Stanford Graduate School of Business and in 1999 he earned his M.B.A.
Marcos began the company while still in business school at Stanford University. Finance professor Jack McDonald had been helping Marcos to contact potential investors, and asked John Muse, an invited speaker and co-founder of the Hicks Muse private equity fund, if Marcos could drive him to his private plane. Before boarding his plane, Muse expressed his desire to have his fund invest in the idea and soon thereafter the company started. MercadoLibre received funding from JPMorgan Partners, Flatiron Partners, Hicks Muse Tate and Furst, Goldman Sachs, GE Capital and Banco Santander Central Hispano. In September 2001 eBay acquired 19.5% of MercadoLibre in exchange for eBay's recently acquired Brazilian subsidiary of Ibazar.com.br. In this transaction, MercadoLibre also became eBay's exclusive partner for the Latin American region.
He is considered one of Argentina's top internet entrepreneurs. In 1999, Marcos Galperin was selected as an Endeavor Entrepreneur. He currently serves on Endeavor Argentina's Board of Directors. Endeavor (non-profit) is a global non-profit that selects and supports High-Impact Entrepreneurs in emerging markets.
- MercadoLibre's Countries Hub
- MercadoLibre Argentina
- Stanford Article
- Old but interesting article
- Endeavor Profile on Galperin