Tag: chile

How to Make Chile a Better Place to Do Business

Category : Startup Chile
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A Chilean newspaper asked me an interesting question this week:

What should Chile do in 2014 to make it a better place to be an entrepreneur?

I don’t think my entire answer will get published in the newspaper, so I’ll republish it here. What do you think? And what would you do to make Chile a better place to do business?

1. Continue to push ASECH inspired entrepreneurial reforms

ASECH, the Chilean entrepreneurs association, has pushed laws like making it possible to incorporate a business in one day, for free, without going to a notary, pushed banks to allow entrepreneurs to open bank accounts much more easily, a entrepreneurship bankruptcy law, and has pushed for laws that force large companies to pay in 30-45 days, instead of 90-120 that’s fairly common in Chile. It’s been an incredible success and should be continued.

2. Force large Chilean companies to follow Chile’s competition laws

If you want to foment entrepreneurship, you need a level playing field. Chile currently doesn’t have a level playing field, as large companies routinely price fix and squeeze out new entrants to the market. And many large companies receive little to no punishment when they break the law. No laws need to be changed. Just enforce the ones on the books.

3. Push for a law that requires payment in 30-45 days for most sales

The majority of large companies in Chile pay suppliers, especially new ones, in 90-120 days. In the US its 30. Sometimes 45. If you start a new company in the US, you only need two months or so of operating capital before your sales start to pay your bills. In Chile six or seven months. This kills most people’s ability to start a business before they’ve even started.

4. Pass a personal bankruptcy law

I think it’s very unjust that a bank can loan you money without taking risk. Chilean banks know that they’ll get 100% of their money back at some point because there’s no personal bankruptcy law to discharge a debt. Chilean loans are very one sided contracts, which makes it more difficult to take risks and be an entrepreneur.

5. Tell the truth about entrepreneurship

Entrepreneurs are NOT rockstars or superheroes. Having your own business is a lifestyle and it’s not for everyone. It’s really difficult, but there are many benefits. I’d like to see the government and entrepreneurship groups talk about the reality of being an entrepreneur, rather than blinding building up entrepreneurship as rockstars and superheroes. I fear that when the first crop of entrepreneurs who’ve been told they’re superheroes just for starting a business fails, as most entrepreneurs do, they’ll be so burned that they won’t start another business.

Chronicle of Two World Cup Qualifiers

Category : Sports
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World Cup qualifiers are special matches. In South America, there are only 16 meaningful matches over four years to decide which 5 soccer mad countries make it to the World Cup. In North America, there are only 10.

Each game is a grinder. The pressure is high. Any screw up can mean dropped points and the potential to miss the World Cup. In most countries outside of the US, the entire country stops for each match. On match day, Chileans gather round their tvs to watch the game, accompanied by friends and family, piscola, beer and sometimes day long asados. The national mood rides on the result: a win national ecstasy, a loss, national depression, followed by assigning blame and national soul searching.

Last week, Chile sat in 6th place, on the outside looking in after 9 matches. On Tuesday they lost a hard fought away game to bottom feeder Peru 1-0 where they should have drawn and the entire country went into depression.

Next up was Uruguay, probably the best per capita soccer team in the world and a team Chile hadn’t beaten in something like 25 years. At 3.8m people, Uruguay are the reigning South American champs and took 4th place in the last World Cup. Chile needed a home win or else they would be in deep trouble and were at risk to miss the first South American World Cup since Argentina ’78.

My friends Mike (visiting from the US), David, Pepe and I got tickets to go to the match. It was my first South American World Cup Qualifier, though I’ve been to US qualifiers and World Cup games in Germany and South Africa. We met up in my apartment to have a few beers, then took a taxi to Chile’s Estadio Nacional. We got there just in time to hear the national anthems.

Estadio Nacional, Chile/Uruguay
Estadio Nacional, Chile/Uruguay

Our tickets were for a general admission section in the corner and it was really full, but we ended up with seats low down, but still with a good view. The crowd was electric, willing Chile to score. Chile obliged in the 11th minute, scoring right in front of us. The crowd went nuts. Chileans really believe they could win. The crowd was on Uruguay’s striker Luis Suarez the entire game, especially after he punched a Chilean defender in the face and got away with it.

Uruguay pushed back from the start of the second half and Chilean fans were suffering badly. Fans cursed players and screamed abuse at Uruguayan players and refs, while singing songs to support the team. Our section had a significant number of families attending together. Fathers attending with their young daughters all screamed as if they were alone with their best friends. Chile scored again in the 77th minute and the party was on. Uruguay brought on Diego Forlan who had a few close chances, but it wasn’t enough. Chile had won. Everyone left the stadium happy. Everyone was together, something that doesn’t happen very often in Chile. Chile was back on track, moving up to a tie for 4th.

We walked a bit, then caught a cab to watch the US take on Mexico in Mexico City, a place the US has only won once in 75 years. We watched surrounded by dejected Mexican fans as the US got its second away point in Mexico in World Cup qualifying and solidifying their road to the world cup. Although the US still doesn’t have the passion for soccer that much of the world does, the vocal US crowd in Denver in a driving snow storm for the victory over Costa Rica and the over 7m tv viewers for USA/Mexico shows that soccer is growing and gaining popularity. At 60% of a typical monday night football game, that’s huge progress.  If you get a chance to see a world cup qualifier even if you’re not a big fan, take it.

My 2011

Category : Personal Thoughts
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My year end review is always one of my favorite posts to write each year (2009, 2010, 2000-2010).  So without further ado, here’s what I did in 2011.

2011 was an amazing yet tumultuous year.  I rung in 2011 in Pasadena, CA at the Rose Bowl with my family and friends.  Although the Badgers lost, I got to see a friend I hadn’t seen in three years and had a great time.  The next week, I did an hour long interview for NPR for the first time while San Francisco for Entrustet.  I returned to Chile with Jesse to continue working on Entrustet in the Startup Chile program.  As 2011 rolled on, I got closer to my new friends from Startup Chile and now consider them some of my closest friends in the world.

Salar de Uyuni

I continued to travel, going all over Chile and into Bolivia.  The Salar de Uyuni still is the most beautiful place I’ve seen on earth, closely followed by Torres del Paine in Patagonia, which I visited with my brother and one of my best friends.  My parents made the trip to visit me in Chile and we explored Pucon and the lakes region.  Two of my best friends from Wisconsin came to visit and we went to La Serena and Valle del Elqui.  I got to Mendoza, Pichilemu, San Pedro de Atacama, Buenos Aires, Hawaii, Austin, San Francisco and Los Angeles.

2011 was a banner year for Wisconsin sports.  Although the Badgers lost in the Rose Bowl to start the year, they were in the National Title hunt for most of 2011 and I find myself going back to Cali (Cali), for another new year.  The Packers went on an improbable run to win the Super Bowl from the sixth seed.  I watched with an international group of friends in Santiago as the mostly pro steelers crowd changed “roth-leeees-bour-geeer” over and over.  The Brewers had their best regular season ever, winning 96 games and getting within two games of the World Series.  The Packers are 14-1 and are favorites to repeat for the Super Bowl.  2011 might well be the golden year for Wisconsin sports.

Entrustet continued to grow, but slowly.  We continued to get press and were mentioned in over 125 publications in 2011.  We continued to sign up lawyers and work with insurance companies to try to help people protect their digital assets.  Jesse presented at South by Southwest and I moderated at panel on the Chilean Startup Scene.  We even had our first user pass away, proving that our system really works.

Friendsgiving 2011

On a personal level, I learned Spanish, made some amazing new friends and really grew a ton living outside my comfort zone abroad.  I have a new appreciation for the simple things in life like being able to coast through mundane life situations and watching as things come easily for me.  I  traveled back for Friendsgiving, the annual gathering of my best friends from college.  It was amazing to see all my friends I hadn’t seen in a long time.  I saw some great music in 2011, going to Lollapalooza Chile, South by Southwest in Austin and many others and I ended my time with Startup Chile by giving a speech to the President of Chile, completely in Spanish.

Looking back, 2011 has been the year of big changes.  I left Madison, traveled all over, continued to be an entrepreneur, found myself growing and changing, loving, making new friends.  If 2012 can match how much I enjoyed 2011, I know I’m doing something right.  I have no doubt it will.

Favorite Posts

A Tribute  – My favorite post of the year

How to Live Before you Die: What I Learned From Running Entrustet

How to Talk to the Media and Get Quoted in Press

Disconnecting

The Customer is not Always Right: Sometimes He’s an Asshole

Apologizing

Overcoming Self Deception

A Reflection on Living Abroad

A Quick Trip to Viña del Mar

Category : Travel
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Viña del Mar is the closest beach to Santiago, so we decided to take a trip.  I went with a few of friends from Startup Chile, including Tiago (Portugal), Raj (UK), Hank (US) and Jesse.  We took the $5 bus through the hills and ended up in Viña about 1.5 hours later.  They played a movie with no sound, but with Spanish subtitles, so it was a good way to practice.

We got to Viña at about 2pm and walked around.  Viña is right next to Valpariaso, which used to be one of the most important shipping cities in the entire world.  After the Panama Canal was built, Valpo wasn’t as necessary anymore.  Our hostel was located about 4 blocks from the ocean, atop a huge hill.  We had great views of the city.

We walked all over Viña to get the lay of the land and found a cool boardwalk and a bunch of bars/restaurants.  Many of the restaurants were your typical tourist trap, but we found some good ones by asking out hostel owner which were good and worth going to.  We spent some time on the beach and then went out to a few bars.  It’s much cooler in Viña compared to Santiago, especially at night and we happened to be there during an extraordiarialy windy time, but it was still really fun.  We spent most of the day Sunday on the beach, then took the bus back to Santiago.

We were only there for about 36 hours, but it was great to get out of Santiago and go to the beach with some new friends.  We’ll be back over the next few weeks and I’ll write an in depth blog post about where to go, what to do and where to eat next time.  For now, here’s a few pictures: