Category: Colombia

The Advantages and Disadvantages of Doing Business in Colombia

Colombia has come a long way as a country and as a place to do business. The sensationalized version of Colombia that Narcos depicts is no longer accurate, though the reputation lives on.

Colombia’s history is long and complicated, filled with violent groups trying to control the country’s lucrative drug trade. But there’s so much more to Colombia than just drugs. 2017’s historic peace agreement between the Colombian government and the FARC, the largest guerrilla group, is a potential inflection point in Colombia’s history. And if I had to bet on a single Latin American country for the next 10-15 years, Colombia would be my pick.

Though many think it’s coffee, Colombia’s largest export is actually petroleum, which makes up over a third of the country’s exports, followed by coal, coffee, cut flowers, and gold. Coffee, however, was responsible for pushing Colombia toward a manufacturing based economy. After the War of a Thousand Days, which ended in 1902, Colombia’s coffee boom pushed the country to seek better transportation and manufacturing mechanisms.

Coffee production consistently grew in the 20th century, employing more than 500,000 families. While the government managed Colombia’s economy conservatively, the the political atmosphere turned increasingly unstable, corrupt and violent from the drug trade.

In 1991 the country adopted a new constitution. The motive for this wasn’t necessarily economic, but rather political, in order to make peace and bring drug lords to justice. Colombia remained relatively stable economically until the late 1990s when fiscal deficits cause a higher public debt which resulted in the country’s first economic recession in over 60 years. But by the early 2000s, the economy began to recover, due to high petroleum prices and stable coffee prices. (more…)

Ep 7: Nora Leary, Launchway Media

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

If you’re new to the podcast, be sure to check out Episode 2 with Adrian Fisher, founder of PropertySimple, who went from selling hotdogs to raising $3m and Episode 5, with Devin Baptiste, cofounder of GroupRaise one of the most diverse startups in the world.

My guest today is Nora Leary cofounder and Head of Marketing and Business Development at Launchway Media, a marketing agency that works with global startups launching in the US.

Nora and I talk about her journey from the US to Africa to Latin America, to leaving a job in Latam to starting her own business. Nora lived in Buenos Aires and started her business there with two other female cofounders, and then moved to Medellin to continue to expand the business

We cover cultural difference between doing business in the US and Latin America, what it’s like being a woman in tech in Latin America, practical tips for getting PR in the US, getting into a US accelerator from Latin America, and tools and tricks you need to be successful launching in the US market. And also emojis.

I’ve been working with Nora and her team for a few months now and it was great to finally get to connect outside of a pure business context. I hope you enjoy our conversation.

I’ve had a great time talking with Nora and I hope you enjoy her story as much as I do. If you do, please subscribe on iTunes or Stitcher, leave a rating and tell your friends!

If you have questions, think there’s something I should improve or have recommendations for guests you’d like me to interview, please let me know in the comments!

My first guest is David Lloyd, cofounder and CEO of The Intern Group, an education company that has helped more than 5000 students from more than 125 countries around the world find top internships abroad.
We’ll talk about how David left his job at a city of London investment bank to start The Intern Group, how he came up with the idea, started the ball rolling, and his journey to build The Intern Group into a global powerhouse with more than 30,000 applications for the Intern Group Program and more than 2,000 participants in 2016.
We’ll also cover the strategies his team uses to work globally from offices in 12 different countries around the world and some of the advantages of running a global business with operations in Latin America.
David and I first met back in 2011 on the soccer field in Santiago, Chile and have been great friends ever since. I really enjoyed our conversation and hope you will to.

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.

How to Diversify Your Assets With Latin American Real Estate Podcast

Max Coursey, the founder of Tiger Prop, an innovative real estate brokerage based in Boise, Idaho, invited me to be on his Real Estate Insiders Radio podcast. We covered a huge amount of ground about Andes Property and PropertySimple including:

  • Tips for investing in Latin America
  • Common misconceptions about Latin America
  • Cap rates and net return deep dive in Chile and Colombia
  • Tips for investing safely and profitably
  • Comparison to returns in the US
  • PropertySimple’s new AI tool for real estate agents
  • How the internet’s changed for real estate leads in the past few years

Thanks again for inviting me Max, I had a great time! If you have any follow up questions about investing in Latin American real estate or PropertySimple’s real estate tool, feel free to reach out!

Listen to “Nate Lustig – Learn How To Diversify Your Assets – Invest In Latin America!” on Spreaker.