They did mention they planned on later opening rounds specifically for foreign founders. But if you are based in the U.S., I think they'd consider you a hispanic founder and thus eligible for the current round, yes? I'm Brazilian too, btw, so kinda curious about this. Although I have no start-up aspirations just yet :-(
Brazil has such a mixed demographic though. Like I don't care what your personal racial heritage is, but I was wondering, like, if an American resident says, "I'm Brazilian", what does that mean? Especially if they're of African descent. Would e.g. YC automatically just count them as Hispanic even though they're not actually Hispanic, just because they're "brown" (or white, or black, or whatever else) and Brazil is a South American country?
Good job cutting right to the heart of the language. As written, it sounds like the answer would be 'it depends…'. I'm curious whether I'm reading that accurately, though.