When considering a place to launch a startup, immediately Silicon Valley comes to mind. But with the market saturation and incredibly high cost-of-living, San Francisco is not an option for all companies. While Boulder, Austin, and Chicago are becoming burgeoning startup hubs, there are a few cities further south that should be put on the short-list of places to launch. The following Latin American cities are becoming big startup hubs for a wide variety of industries. Here are 10 cities that you should consider when finding a place to launch.