Over the past two weeks, I’ve eaten at three restaurants in Santiago that had incredible customer service. I was so surprised by good service that I had to compliment the waiter at each restaurant and got to talking with each one. What did they have in common?
One was Uruguayan, one was Peruvian and the other was Venezuelan. The Uruguayan waiter told me that he makes about 80% more than his Chilean coworkers because he’s nice to people and tries to go the extra mile. The Peruvian waitress was so nice, warm and got everything right and said that she counldnt undestand why service was so much worse in Chile than in her home country. The Venezuelan waiter was incredibly attentive and got everything right. His Chilean partner gave zero fucks, forgot parts of the order, disappeared for long periods of time and added two extra items to the bill.
Chilean customer service is the worst I’ve experienced in all my travels. I’ve been all over South America, North America, Europe and parts of Africa and the Middle East and Chile (more…)
Chile’s VAT system doesn’t make sense. Once you are in the system, the reporting system is world class and has been ranked in the top five in the world for ease of use. The Chilean IRS’ website works incredibly well, is fast, reliable and makes paying your taxes a breeze. It blows the US system out of the water and it’s not even close.
But getting legally approved by Servicio Impuesto Interno (the Chilean IRS) is a bureaucratic, capricious, time consuming process that doesn’t make any sense. After the long and complicated process to incorporate and get a bank account (that I’ve talked about before), you need to get your boletas (receipts) and facturas (official invoices) so that you can legally sell and pay your taxes. (more…)
Latin America is the perfect market for full stack startups. I’m convinced of it after living and working in Latin America for the past four and a half years and am even more convinced after having met, worked with and reviewed over 600 startups in the past year and a half as managing partner of Magma Partners in Santiago, Chile.
So what is a full stack startup and why am I convinced that Latin American entrepreneurs should be exploring full stack startup business models?
First, lets start with a definition. Chis Dixon coined the term Full Stack Startup in a blog post in March 2014. He says that a full stack startup is a “…complete, end-to-end product or service that bypasses existing companies.” It bypasses the old, existing hierarchy to be able to control the entire experience. According to Dixon:
Prominent examples of this “full stack” approach include Tesla, Warby Parker, Uber, Harry’s, Nest, Buzzfeed, and Netflix. Most of these companies had “partial stack” antecedents that either failed or ended up being relatively small businesses.
So why are companies following the full stack method instead of the old school method of partnering with large companies? (more…)
I’ve lived in Chile for four and a half years now and have had an ample chance to sample Chile’s many restaurants. Although Chile’s restaurant scene has made incredible strides since 2010, unlike places like New York City, San Francisco, Buenos Aires or Madison, Wisconsin, Chile isn’t a place where you can walk into a random restaurant and find a great meal.
The average Chilean restaurant isn’t that great. You’ll likely end up with some meat and potatoes with little flavor, low quality food or overpriced fare with little connection to value for money. I’ve created a list of the restaurants that I actually like and go to regularly. Please enjoy my favorite restaurants in Santiago and Chile.
I’m always looking for new restaurants to add, so please post any ideas or feedback in the comments! (more…)