Tag: startup chile

8 Tips From Latin American Startup Investors

As an VC investing in both the US and Latin America, I get to see how investors look at the world differently around the world. I gathered the top advice from Latin American venture capitalists on starting a company, fundraising, and how to keep moving forward that can be applied anywhere in the world.

Move faster and believe in yourself

“Move forward and do it faster than others.” – Rocio Fonseca, Executive Director, Start-Up Chile, Chile

Fonseca started and sold a microbiology company in Chile before running Start-Up Chile, the Chilean Government back incubator. Fonseca stresses that women especially need to trust in themselves when moving forward with their businesses. She thinks that if women are given access to education, coaching, and other female role models, countries can change their viewpoint on women’s empowerment.

Focus is Crucial

“It’s impossible to do everything at one time.“ – Sebastian Vidal, Executive Director, Parallel 18, Puerto Rico

Vidal has met many founders who lack focus. They’re all over the place, trying to launch in different markets, at the same time perform R&D. They don’t realize how fast money goes unless they focus on one specific thing. If a founder is distracted from the company’s primary mission, they lose traction, and waste money, leading to failure.

Be Frank about What You Don’t Know

“It’s really about listening and observing. “ – Amanda Jacobson, Sub Director, Fiinlab, Mexico

Everyone starts out somewhere, Jacobson observes. She started out asking a lot of questions, observing, listening, and asking questions to fully herself immerse in her position at Village Capital. People love to talk about what they know, she realized, which allowed her to build great connections that served her long-term. (more…)

Ep 29 Brenna Loury, Working Remotely Across Borders

In this episode, I reconnected with my friend Brenna Loury, one of the original founding team members of Start-Up Chile, and the current head of marketing and PR at Doist to talk about her experience of learning a new job in a new country, the challenges and rewards of working across borders, and how she helped bootstrap a tech startup that now has more than 13,000,000 users worldwide.   

Brenna shares how her company now manages more than 50 employees in 20 countries, all of them working 100% remotely. She offers tips on how to best position your company to start working remotely, mistakes startups should avoid when pitching ideas or raising funds and a formula for hiring top-notch employees. The conversation is packed with useful information and inspiring stories you don’t want to miss!

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IncuBAte: Equity Free Startup Grants in Buenos Aires, Argentina

argentina startups

Silicon Valley is no longer the only hotspot for startup activity. Many more startup hotspots are popping up across Latin America, and new programs are not only bringing life to local economies but also helping Latin American entrepreneurs tap into international networks.

I was part of Start-Up Chile’s pilot round in 2010, which was the pioneering equity free accelerator in the world. Chile’s government-backed and equity-free accelerator program is well known for producing a vast network and many startup success stories.

By 2015, Start-Up Chile led to over 1,500 new jobs, its successful graduates raised over $100 million, and the program changed the culture around startups in Chile.

Now, under the direction of executive director Rocío Fonseca, Start-Up Chile offers multiple programs, including The S Factory, designed uniquely for female founders. Through its successes, Start-Up Chile has demonstrated Latin America’s incredible potential and sparked a movement across the region. (more…)

Ep 21 Rocio Fonseca, Empowering Female Entrepreneurs and Startups in Latin America

rocio fonseca - empowering female entrepreneurs

No matter where you live in the world, it can be difficult for female entrepreneurs to succeed, but in Latin America it’s especially true. In this episode of Crossing Borders, I speak with Rocio Fonseca, Executive Director of Start-Up Chile.

We talk extensively about her first startup, what it was like starting a tech business in Chile in the early 2000s, why she moved to the US to study at MIT and work in Silicon Valley, why she came back to Chile to join Start-Up Chile, and the variety of programs within Start-Up Chile, including S-Factory, which focused exclusively on helping female entrepreneurs.

We wrap up the conversation talking about where she sees Start-Up Chile heading in the next 5 to 10 years.

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