Tag: jt li

JT Li’s Journey From China to Chile and Lessons Learned From Crossing Borders

JT Li joined the Magma Partners team in our Santiago, Chile office earlier this year. As part of her training, she listened to much of the Crossing Borders podcast and wrote up some of the most interesting things she learned from the entrepreneurs and investors I talked with. Here’s JT’s story about how she went from  the south of China to Santiago, Chile.
Three month ago, on my 25th birthday, I took a flight from my hometown of Jieyang, China and arrived in Santiago, Chile two days later, after 32 hours in the air, and joined the Magma Partners team.
I never imagined that one day I would be working in South America, let alone Chile. But now when I look back, everything makes sense. During the first 18 years of my life, I followed a very traditional path. I lived with my family in Jieyang, a small (by Chinese standards!) city of 6M in Canton where I was born. I studied hard and got good grades. Next up university. After the extremely competitive entrance exam, I was accepted into Beijing Foreign Studies University and hopped on a plane to study economics.
It was my first time away from home, 1100+ miles away from my home town. I had a great year meeting my fellow students from different backgrounds and experiencing huge differences between southern and northern China in terms of languages, food and lifestyles. After meeting new people from different places, I was hooked. I wanted to see more. After my first year, I started traveling and haven’t stopped since.

My first stop was Bulgaria, a small country in eastern Europe, where I for an cultural exchange program for 6 weeks. Next, I flew south to Queensland, Australia for a semester abroad, where I studied management and learned a bit of Aussie English. After I finished my undergraduate in Beijing, I went back to Australia, settling in Sydney for a Masters Degree in Management.

I knew I wanted to go abroad again. One day, I was handed a list of 28 universities to pick from for my exchange semester. Chile immediately stuck out because of their natural beauty and because nobody I knew had been there. Chile and Brazil were the only two South American countries on the list. I remember thinking, “hmm Chile is definitely far enough away, and it seems safer than Brazil,” so I applied!

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Magma Partners First Half 2018 Update

Since we closed our second fund in January to invest in fintech/insurancetech companies in Latin America and US companies with Latin American tech and sales teams, the entrepreneurs we support have been busy. And so have we. Here’s a roundup of some of the most interesting things that have happened in the first half of 2018.

New Investments

We’ve invested in 8 companies out of Magma II since January. Here are three that are public. We’ll be announcing more of our investments in the next month.

CryptoMarket – CryptoMarket is a Chilean fintech company that operates cryptocurrency exchanges in Chile, Brazil, Argentina and Europe, with plans to open Mexico and Colombia this year. Magma coinvested with Consensys, the fund created by the cofounder of Ethereum in a $600k round.

BrainHi – Puerto Rico based Brainhi helps doctors and dentists book more appointments using chat bots. They’re the first Puerto Rican company to be accepted into YCombinator. I met them during a visit to Parallel18 in Q1.

Workep – Medellin and San Francisco based Workep is a project management tool built onto of G-Suite. I’ve know Carlos Eduardo Alvarez since meeting him at a BBQ in 2015 in Medellin and have been following since then. We reconnected at Parallel18 this year and invested recently.

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