IncuBAte: Equity Free Startup Grants in Buenos Aires, Argentina

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argentina startups

Silicon Valley is no longer the only hotspot for startup activity. Many more startup hotspots are popping up across Latin America, and new programs are not only bringing life to local economies but also helping Latin American entrepreneurs tap into international networks.

I was part of Start-Up Chile’s pilot round in 2010, which was the pioneering equity free accelerator in the world. Chile’s government-backed and equity-free accelerator program is well known for producing a vast network and many startup success stories.

By 2015, Start-Up Chile led to over 1,500 new jobs, its successful graduates raised over $100 million, and the program changed the culture around startups in Chile.

Now, under the direction of executive director Rocío Fonseca, Start-Up Chile offers multiple programs, including The S Factory, designed uniquely for female founders. Through its successes, Start-Up Chile has demonstrated Latin America’s incredible potential and sparked a movement across the region. Continue reading…

Ep 26 Mak Gutierrez, Supporting Makers and Startups In Guadalajara

Mak Gutierrez - startups in Guadalajara Mexico

Most people in Silicon Valley would not intuitively think of building startups in Guadalajara, Mexico. But Mak Gutierrez is part of a team working through Hackers and Founders to support and fund startups in one of the most historic cities in Latin America.

In this conversation, Mak and I talk about his background, how Science Fiction has influenced his thinking about the future and the role of tech in the world, and why Guadalajara is one of the best places in Latin America to start a company.

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Ep 25 Insights and Lessons from Latin American Entrepreneurs – the Best Of Crossing Borders

As I’ve featured Latin American entrepreneurs over the last 24 episodes I’ve learned more than anyone. The insights these entrepreneurs, investors and ecosystem builders in Latin America have are extremely helpful to anyone who’s looking to start their own company or grow an existing one.

I decided to share my key takeaways with you on this 25th episode, so what you’re going to hear is a shorter “best of” session featuring a handful of the great entrepreneurs I’ve spoken with over the last few episodes. I also take a few moments after each clip to share why I thought the advice shared is so valuable. And just in case you want to hear each of the interviews in their entirety, I’ve linked these great Latin American entrepreneur and investor names to their original episodes in the bullet point outline below.

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Magma Partners: Supporting Latin American Entrepreneurs

In 2014, I was sitting in a Manhattan office tower, asking an experienced venture capitalist for advice about Magma Partners, our new seed stage fund that finds the best entrepreneurs in Latin America and helps them launch and scale their US incorporated startups in the states.

The VC’s advice? Leave Latin America. Come back to the US. “You’re going to lose all your money!” Nearly all of my entrepreneur and investor friends said the same thing.

Since 2014, my partners and I have invested $2M of our own money into a portfolio of 32 fast growing companies founded by entrepreneurs from 9 countries that employ 300+ people from 13 countries. All for less than a typical Silicon Valley company’s seed round.

The diverse founders we support are building real US incorporated businesses that generate eight figures in annual revenue. And they’re 90% more capital efficient than Silicon Valley startups. Continue reading…