Tag: investment thesis latin america

Magma at Six Months: Five investments, Four in the Pipeline, Culture Starting to Change

I haven’t written anything new on Staying out of the Cubicle lately, but that doesn’t mean I haven’t been busy! In the first six months since we launched Magma Partners, we’ve invested in five companies and with four more in the pipeline to close before the end of the month. It’s been a great ride so far and I can’t wait to help our portfolio companies continue to have success.

I’ve written a series of blog posts on the Magma blog that outline our vision for the Chilean and Latin American entrepreneurial ecosystem, plus advice on how entrepreneurs can find success more easily, one of which is already changing the conversation in Chile’s entrepreneurial ecosystem. We’ve been recently featured in Pousta and GigaOm.

Frequent mistakes made by Chilean Entrepreneurs

Since we launched Magma Partners, I’ve reviewed 300+ applications for funding, the vast majority from Chile, with some from Colombia, Argentina, Mexico, USA and Uruguay.

Of those 300+, we’ve invested in seven. I’ve met some amazing entrepreneurs and have learned from many of them. But the vast majority of companies we’ve reviewed have similar problems that prevent us from investing. I’m writing this post to try to help entrepreneurs who are looking for money avoid these mistakes so that they can be more ready to accept an investment.

Full post English: Ten frequent mistakes made by Chilean entrepreneurs
Artículo Completo Español: Diez errores mas frequentes de emprendedores chilenos

Magma Investment Thesis for Chile and Latin America

At Magma Partners, we invest in the best entrepreneurs we can find. We would rather invest in an amazing entrepreneur with a mediocre idea rather than a mediocre entrepreneur with an amazing idea. An amazing entrepreneur can always change their idea. We also strongly believe that Magma must be able to provide direct help to each company we invest in outside of just money. If our only help is just money, it doesn’t make sense for us to invest in a startup.

Full post english: The Magma Investment Thesis for Chile and Latin America
Artículo Completo Español: Tesis de inversión de Magma Partners para Chile y Latinoamérica

Our publicly announced portfolio:

Propiedad Facil – A property tool with all the tools a real estate agent needs to list, sell and rent a property.

Deenty – An educational platform that teaches spanish speakers everything they need to know about dental health and allows people to find top rated dentists, book appointments and access quality dental treatments at fair prices.

Petly – One stop shop for pet supplies and connections to pet service providers like veterinarians and groomers.

Ttanti – High quality watches made of handcrafted Chilean wood, swiss movements and Patagonian leather.

Thinker Thing – World class games and tools for 3d printers.