If you don’t believe entrepreneurship is a grueling job, just ask Ignacio Guglielmetti. Ignacio says he has never worked harder than he does for his startup Cuida Mi Mascota, and he used to be a management consultant – one of the most demanding jobs out there. His path from consulting to building a pet-sitting startup was far from clear; it took him to the Netherlands, USA, Mexico, Argentina, Puerto Rico, and Brazil. One might say that Ignacio knows a thing or two about doing business across borders.
In this episode of Crossing Borders, I invited Ignacio to discuss his two startups, how he studied in Buenos Aires and Rotterdam, what it was like to merge with a competitor in Latin America, having a startup acquired, the difference between all the accelerators Ignacio has participated in (three, in three different countries!), and how Ignacio became an angel investor. Check out this episode to learn about doing business across Latin America’s biggest economies, including how to do business in Brazil as a Spanish-speaking entrepreneur.
Earlier this year, Mexico became one of the first countries in Latin America to regulate financial technology, including blockchain and cryptocurrencies. The Mexican Congress officially recognized cryptocurrencies as digital assets – but not as currency – and set up rules to control exchanges to prevent corruption and money laundering. The law puts the Mexican Central Bank in charge of monitoring companies working with cryptocurrencies.
The Mexican government as a whole is also investigating multiple uses for the blockchain to increase transparency, reduce corruption, and prevent illegal activity throughout the country. Mexico currently ranks 135th out of 180 on the global corruption index, according to Transparency International.
In early April 2018, the Mexican government released news that they are currently developing a project called Blockchain HACKMX that uses the blockchain to track and validate bids for public contracts. This system, proposed by a group of university graduates last year, will increase transparency in the federal hiring process and help organize the post-contract auditing process. (more…)
Marcus Dantus launched his first tech startup in 1993, selling email addresses through a portal that he hosted on the domain Mexico.com. Born in Mexico City, Marcus studied Media Communications at the University of Pennsylvania, but his career quickly switched to technology when a friend introduced him to the Internet. Since then, Marcus never looked back. He founded a telecommunications company, acted as CEO of a medical device business, was on the founding team of Wayra Mexico, and finally developed and launched Startup Mexico, where he acts as CEO.
Alba Rodriguez is on a mission to solve hunger and malnutrition in Mexico. Alba is the founder and CEO of Gricha, a company that sources crickets as the main ingredient in a high-quality, sustainable protein powder.
On this episode, I sat down with Alba to talk about how she came up with the idea to feed people crickets, how she got started as an entrepreneur and what it’s like building a business from the ground up. Her story will inspire you, whether you are launching your own startup or looking for a creative way to solve a problem. Thanks for listening!