Tag: slidebean

Pura Vida: Pros and Cons of Doing Business in Costa Rica

Costa Rica, literally “Rich Coast” in Spanish, is a fitting name for a country with diverse geography which ranges from tropical rainforests to vast oceanscapes. Five million people call Costa Rica home, and the official language is Spanish. Costa Rica’s GDP is US$74.9 billion with 72% attributed to imports and exports like coffee, sugar, and fruit. The average wage for Costa Ricans is about CRC654,059 (Costa Rican Colón) or US$1,150 per month.

Costa Rica is a prime location for entrepreneurs because of its proximity to the United States and because of its many free trade agreements. Its largest foreign investments come from the United States, which led to a 2016 marked a trade surplus of US$1.6 billion between Costa Rica and the US.

In the past few years, large tech companies like Amazon have invested in the Costa Rican market. One of the strong qualities of Costa Ricans, locally known as “Ticos,” is their literacy rate of 97.8%, The country has placed education as a top priority, and English is common among the young population. (more…)

Ep 6: Jose “Caya” Cayasso CEO Slidebean

Welcome to Crossing Borders with Nathan Lustig, where I interview entrepreneurs doing startups across borders and the people who support them, with a focus on companies that have some relationship to Latin America.

My guest is Jose “Caya” Cayasso, a Costa Rican entrepreneur who is cofounder and CEO of Slidebean, a software company that helps people stop wasting time wrestling with presentation design. Slidebean’s product, presentations that design themselves, is used by thousands of people around the world, from students to business executives.

We’ll cover Caya’s journey from Costa Rica to New York to launch his first business, what he learned in his first startup and how he used that experience to create Slidebean, which now has 20 employees in Costa Rica and 2 in New York City. We’ll talk about the fundraising process and Caya’s journey to raising money from Start-Up Chile, 500 Startups, Carao Ventures, Firstrock Capital and of course Magma Partners.

Be sure to listen for Caya’s tips on how to run a business with two offices in different countries, how he thinks about scaling a SaaS business and why he invests time in creating investor updates.

I’ve had the pleasure of getting to know Caya over the past year since Magma invested and it was great to be able to talk more in depth for the podcast. We had a few technical difficulties with the sound at the beginning, but push through, I think it’s worth it! Without further ado, Jose Caya Cayasso.

Be sure to check out his blog post/case study about how he used growth hacking to increase revenue 20x in 12 months.

I had a great time talking with Caya and I hope you enjoy his stories as much as I do. If you do, please subscribe on iTunes or Stitcher, leave a rating and tell your friends! Check out past episodes with David Lloyd, Adrian Fisher, Devin Baptiste, Nicolas Shea, David Basulto and David Assael.

If you have questions, think there’s something I should improve or have recommendations for guests you’d like me to interview, please let me know in the comments!

Introducing The Crossing Borders Podcast

I’m excited to introduce the Crossing Borders podcast (iTunes, Stitcher) where I share the stories of top entrepreneurs doing startups across borders and the investors who support them, with a focus on companies that have some relationship to Latin America.

Why?

Over the past 6+ years in Latin America, I’ve met entrepreneurs hailing from countries around the world doing business across borders. Some do business in Latin America. Others use Latin America as a base to target the US market.

They’re some of the most diverse, risk taking, trailblazing entrepreneurs in the world. But when I come back to the US, Latin American startups just aren’t on people’s radars.

They’re mostly stuck on stereotypes of corruption, narcos and failed states. They see Latin America as a monolith and couldn’t tell you the difference between Mexican, Chilean and Argentine food, much less the difference between each country’s business climate.

As Magma portfolio companies started to do business in the US and meet with US investors, they came across this same ignorance of Latin America and its entrepreneurs. US entrepreneurs and investors have slept on Latin America and are missing out on some of the most interesting entrepreneurs in the world. And some of the best stories. (more…)