Category: Chile

Ep 21 Rocio Fonseca, Empowering Female Entrepreneurs and Startups in Latin America

rocio fonseca - empowering female entrepreneurs

No matter where you live in the world, it can be difficult for female entrepreneurs to succeed, but in Latin America it’s especially true. In this episode of Crossing Borders, I speak with Rocio Fonseca, Executive Director of Start-Up Chile.

We talk extensively about her first startup, what it was like starting a tech business in Chile in the early 2000s, why she moved to the US to study at MIT and work in Silicon Valley, why she came back to Chile to join Start-Up Chile, and the variety of programs within Start-Up Chile, including S-Factory, which focused exclusively on helping female entrepreneurs.

We wrap up the conversation talking about where she sees Start-Up Chile heading in the next 5 to 10 years.

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PropertySimple Raises $3M to Expand in the US

I’m excited to finally be able to announce that our portfolio company PropertySimple closed a $3M round in the United States to help them continue to grow. I’ve been working closely with Adrian Fisher, PropertySimple’s founder and CEO, and team over the past year, helping them navigate their US market launch.

PropertySimple gives real estate agents the tools they need to compete in a social media powered world by harnessing the power of artificial intelligence. Their software as a service product drives leads and follows up on them for real estate agents and starts at $2500/month.

PropertySimple started out as PropiedadFacil, a Chilean property search portal back in 2012. PropiedadFacil was Magma’s first investment back in early 2014. They’ve gone through many ups and downs and pivots since we first invested. After building great technology in Chile but finding it hard sledding to get clients to pay for it, Adrian and I flew to the US to test out the US market. (more…)

Ep 5: Crossing Borders Devin Baptiste, GroupRaise

Welcome to Crossing Borders with Nathan Lustig, where I interview entrepreneurs doing startups across borders and the investors who support them, with a focus on companies that have some relationship to Latin America.

My guest today is Devin Baptiste, cofounder and CEO of GroupRaise, a company with more than 50 employees in 3 offices in Houston, Texas, Santiago, Chile and the Philippines. GroupRaise is a platform that allows groups of 15-50+ to book events in more than 6000 restaurants across the united states. These restaurants then donate 10-20% of their bill to the organization or charity of the group’s choice. As Devin puts it, it’s the tastiest way to change the world. Not to mention the most cost effective customer acquisition strategy a restaurant can have.

Devin and I talk about his journey that took him from Houston to Taiwan, Korea, Hawaii, Chile, Germany and back to Houston again, how he thinks about scaling businesses from Latin America to the US, how he raised his recent fundraising round from Techstars Ventures, Kapor Capital and Magma Partners, how he looks at being a minority founder and what its like to run an international business while married with two young kids.

Devin is one of the most interesting people I’ve met in the past few years and I feel lucky to be able to work closely with him on his journey to building a world class business. We had a few sound issues, as Devin was in a target in a thunderstorm and then in his car when we recorded our conversation, but please don’t let my recording issues get in the way of learning everything you can from Devin. Let’s jump right in!

If you liked this podcast, please subscribe and leave a review on iTunes or Stitcher and check out the first five episodes with other top entrepreneurs doing business in Latin America.

Ep 4: Crossing Borders David Assael and David Basulto, ArchDaily

Welcome to Crossing Borders with Nathan Lustig, where I interview entrepreneurs doing startups across borders and the investors who support them, with a focus on companies that have some relationship to Latin American.

My guests today are Chilean entrepreneurs David Basulto and David Assael, the cofounders of ArchDaily, the largest architecture website in English, Spanish, Portuguese and Chinese in the world.

Based out of Santiago, Chile and 100% bootstrapped, the two Davids have built a truly world class business on their own terms the way they wanted to from their base in Santiago.

We talk about their story of how they started Plataforma Arquitectura, their original website, while they were still architecture students in Santiago and how they’ve grown the business to four languages, millions of monthly unique visitors , three million Facebook fans and over 80 employees based in six countries.

More importantly, ArchDaily has changed thousands of architects lives from around the world by showcasing them to potential clients, fans and partners when traditional media had previously failed. David and David were the first Chilean entrepreneurs I met when I came to Chile in 2010 for startup chile and I’m excited to be able to share their story with more people. So let’s get started!

If you liked this podcast, please subscribe and leave a review on iTunes or Stitcher and check out the first five episodes with other top entrepreneurs doing business in Latin America.