Tag: Entrepreneurship

Greatest Hits Episode: Mariana Castillo, Ben & Frank: Direct-to-Consumer Eyewear for the Mexican Market, Ep 159

Mariana_Castillo_Ben_Frank

You can now find the full show notes of the Crossing Borders podcast on LatamList.com’s new podcast section. I’ll still post the audio of the podcast on my blog and I’m planning to start writing more again on my blog, like I used to.

Subscribe to the LatamList Weekly newsletter to get updated on the week’s top tech news and stories from the region.

Thanks for listening to Crossing Borders all these years! If you have any feedback or questions, please feel free to reach out here, or contact me on social media.

Outline of this episode:

  • [1:37] – About Ben & Frank
  • [2:06] – Traditional retail experience for eyewear in Mexico
  • [3:23] – Mexican roots, nomadic upbringing
  • [5:05] – Entrepreneurial journey
  • [6:00] – Internship at ALLVP
  • [6:55] – Lessons learned at the Central Bank and ALLVP
  • [7:55] – Why tackle this specific problem?
  • [9:04] – Ben & Frank’s inflection point
  • [11:48] – Building a brand in Mexico
  • [13:15] – Insights into Latam’s direct-to-consumer category
  • [14:20] – Competing with traditional retailers
  • [17:25] – Expanding Mexican direct-to-consumer brands
  • [18:15] – Advice to Mariana’s younger self
  • [18:41] – Fundraising for a direct-to-consumer startup
  • [23:18] – Being a female founder in Latam
  • [26:35] – Avoiding biases in the VC ecosystem 
  • [29:07] – What’s next for Mariana and Ben & Frank?

Show notes on Latamlist.com.

Santiago Aparicio, Ontop: Building the future of work from Latin America, Ep 158

Santiago Aparicio

You can now find the full show notes of the Crossing Borders podcast on LatamList.com’s new podcast section. I’ll still post the audio of the podcast on my blog and I’m planning to start writing more again on my blog, like I used to.

Subscribe to the LatamList Weekly newsletter to get updated on the week’s top tech news and stories from the region.

Thanks for listening to Crossing Borders all these years! If you have any feedback or questions, please feel free to reach out here, or contact me on social media.

Outline of this episode:

  • [02:18] – About Ontop
  • [02:39] – Top line metrics from Ontop
  • [02:39] – Santiago’s background
  • [04:53] – On joining Rappi
  • [07:05] – Launching Fitpal
  • [08:48] – Santiago’s biggest lessons
  • [13:54] – Coming up with the idea for Ontop
  • [14:23] – Fundraising for Ontop
  • [17:13] – The crazy world of fundraising
  • [18:42] – On building a sales engine
  • [19:14] – The best salesman (or woman)
  • [21:00] – Predictable metrics
  • [23:52] – The big milestones
  • [27:33] – Being famous is not being successful
  • [28:13] – Advice for a younger Santiago
  • [31:06] – How to hit network effects
  • [32:48] – The importance of hard conversations
  • [34:11] – The future of work

Show notes on Latamlist.com

The Investment and Startup Community in Peru

Many travelers visit Peru to experience Machu Picchu, and though incredible, there is much more to this country than its wonder of the world. Known for its gastronomic sector, Peru has some of the most diverse (and delicious) food in the world. Through its long history of eating seafood, mixed with Spanish, Japanese and Chinese immigration, it’s always a pleasure to go to Peru, even if it’s only to eat, and entrepreneurial Peruvians have taken advantage.

Peru has diverse terrain, from the steeply sloping Andes and dense jungles to the cerulean coastline. About one-third of Peruvian residents live near or close to the ocean. The population is just shy of 32 million, surpassing Chile but falling below Colombia. Monthly wages are on the upswing at 1680.67 Peruvian Sol (roughly US$519), with a minimum wage of 850 Peruvian Sol.

The capital city, Lima, is experiencing rapid growth and the government is allocating investment towards more infrastructure and improving public transportation. Foreign investors are paying close attention to the new Cuzco airport which offers easier access to Machu Picchu, though has caught some local scrutiny. Peru offers multiple visas for foreigners interested in the business sector, but these visas can come with an unwanted amount of red tape. (more…)

What Entrepreneurship Is Really Like

I’m sick and tired of many people’s mistaken impression of what entrepreneurship actually is. It all started a few years ago with the Facebook movie and now we have a big problem. Too many people have the wrong idea. The douchebaggery quotient in the “entrepreneurial ecosystem” is so high a few non entrepreneur friends have told me that they think there’s something innate about startups that attracts massive douchebaggery. That used to be the domain of bankers. Now its startups. So I’m here to set the record straight.

Entrepreneurship is not dressing in whatever clothes you want, coming in to work at whatever hour you’d like to work on your social app that’s going to be the new Twitter for Facebook for Instagram and if you could only get 5% of the market, you’ll be able to sell for $1.1b too! It’s not working on an idea in hopes that you can sell it one year later. It’s not easy.

It’s not getting out of bed at 12pm, going to networking events and drinking as much free crappy beer and eating lukewarm mediocre pizza and telling people you’re the CEO of the company when you’re the only one “working” on your “idea.” It’s not applying to countless incubators, contests and pitch competitions. It’s not talking about your idea that’s been in stealth mode for six months and won’t leave for another year. If ever. It’s not working on a problem that nobody has.

Real entrepreneurship solves a problem someone has…and they’ll pay you to solve it for them. Real entrepreneurship is hard. It’s a struggle. It’s like getting up each morning and walking into the kitchen and putting your hand on the hot burner. Ten minutes later, someone walks in an starts smashing your hand with a frying pan. All the while, they’re laughing at you. “You think you’re going to succeed with that product? You think you can execute that? You think you can beat the incumbent company with 1000x more employees than you?” And you just have to take it with a smile and go about your day proving the critics wrong.

But at least you get to wear the clothes you want.

Obviously there’s some days where you get to take your hand off the burner and the laughing and the smashing stop. But then you’re going to an office, convincing people to pay you for your product and shipping product. Iterating. Solving a real problem. And then you have to deal with a whole new set of laughing, smashing hurdles.

So if you’re getting into entrepreneurship to wear comfy clothes, drink free beer and eat crappy pizza at meetups and pretend you’re the founder of a $1b company when you just have an idea and think it’s worth more than a ham sandwich, you’re probably in the wrong business. And you just might be a #starthole.