Category: Dominican Republic

Doing Business in the Caribbean: An Overview of Belize, Cuba, the Dominican Republic, and Haiti

Doing Business in the Caribbean

Belize, Cuba, the Dominican Republic, and Haiti are small countries that have varying degrees of development, openness, but all four are filled with entrepreneurial people. Read on to find out what it’s like to do business in each of these countries, as well as startups pushing their way through to gain traction and get out of their local market.

Doing Business in Belize

This small tropical country (population of 360k) nestled under Mexico’s Yucatan peninsula has long been a top tourist destination but lags behind the rest of the region in entrepreneurship.

The GDP is US$1.76B, and there is currently only one coworking space located in Belize City, Alliance Business Centres, and monthly salaries remain low at around US$800 per month, though the cost of living is relatively higher in Belize than in neighboring countries. Belize’s official language is English, making it simple for those from the United States to work there without having to learn another language.

Local startups such as Boarding Path, the “Google Maps” for inside airports, and Gone Green Superfoods, a manufacturer and importer of the most nutrient-dense superfoods available, target foreign markets – in line with Belize’s fame as a tourism destination – but are slowly gaining traction worldwide. Compared neighboring Costa Rica and Panama, Belize’s ecosystem is much smaller and there are fewer tech startups, but it could be an interesting middle ground, as it’s safer than countries like El Salvador, Honduras and Guatemala. (more…)

Ep 18 Guimar Vaca Sittic, Building and Investing in International Online Marketplaces

Guimar Vaca Sittic - online marketplaces funding

With the success of huge marketplace companies like Amazon, it might be easy to think that new online marketplaces are not going to work out very well, but my guest on this episode has demonstrated over and over that it’s simply not the case. Guimar Vaca Sittic is an Argentinian entrepreneur who has built successful online marketplaces himself and who now is a venture parter at FJ Labs, which focuses primarily on US and international marketplaces. You’ll find his story and perspective very inspiring and helpful.

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Ep 13 Jason Grullón, Building a Successful Sustainable Clothing Brand in the Dominican Republic

jason grullon - sustainable clothing brand

The mindset of many entrepreneurs has transitioned from profit-first to responsibility first, and it’s a good thing. In a competitive space like the world of fashion, it may not seem that building a successful sustainable clothing brand is the best move – but Jason Grullón and the team at Virtu have made it happen.

In this conversation, I talk with Jason about how he transitioned from Law School into the world of fashion and how he created a company that is not only profitable but is producing quality clothing in a socially responsible way. (more…)