3 ms·

Looks fantastic but I have the following questions: 1. The T&C states max cash salary of $700. Is the $3K you mention including other salary components or do y

Looks fantastic but I have the following questions: 1. The T&C states max cash salary of $700. Is the $3K you mention including other salary components or do you mean they accept up to 4 founders/employees on payroll? 2. Would they accept putting in a premium domain name (purchase price way over 4K) as required own investment of 10% of the 40K? 3. Would they welcome applications from a non-developer solo founder (me) explicitly looking for Chilean developers? 4. Although possible according to the T&C, is it allowed in practice to hire foreign developers until Chili dev is found? (I already have devs supporting my idea, possible subcontractors if there is budget to work with, but none of them willing to move to Chili.) 5. Would you be willing to pre-screen my application for tips and potentially leads to interested local talent? 6. What are people's plan after the 6/12 months expire? Would applying for Ycombinator be realistic and acceptable in the program's spirit? Thanks!

trevelyan 16y ago
1. We've been told $3k is the limit. I'm not taking salary myself, but have a non-Chilean national on payroll getting $2.5k a month. It's common for two person teams to have one person on payroll and one not take salary at all. 2. The focus is genuinely on helping people ramp up their businesses, not nickle-and-diming them on how they are spending matching funds. Life is easiest if you expect to spend a few thousand of your own on random stuff it won't make sense to expense. 3. My guess is that 30% of the accepted applicants are single-founder (my own is and own ownership structure never came up). The focus is funding businesses that can earn money and scale and have a reason to come to Chile. 4. You need to be able to provide a proof of payment (receipts, etc.) in order to expense stuff. If you have a foreign company you can write yourself an invoice. Again, it just has to be reasonable in the context of your project. 5. If you have specific questions about your application you're probably best off writing the team. I'm happy to share a sanitized copy of my application if that would help but don't have the time to review yours. 6. Some teams are staying, some teams are going. If it's investment you want you'll have options down here too if you're fundable.
- ebaysucks 16y ago
  Thanks a lot! If it doesn't take too much time to sanitize, I'd love to see your application. (My email is judgedotme@gmail.com. Don't send your pitch if your business is AssertID, as there is some overlap.)

trevelyan 16y ago

1. We've been told $3k is the limit. I'm not taking salary myself, but have a non-Chilean national on payroll getting $2.5k a month. It's common for two person teams to have one person on payroll and one not take salary at all. 2. The focus is genuinely on helping people ramp up their businesses, not nickle-and-diming them on how they are spending matching funds. Life is easiest if you expect to spend a few thousand of your own on random stuff it won't make sense to expense. 3. My guess is that 30% of the accepted applicants are single-founder (my own is and own ownership structure never came up). The focus is funding businesses that can earn money and scale and have a reason to come to Chile. 4. You need to be able to provide a proof of payment (receipts, etc.) in order to expense stuff. If you have a foreign company you can write yourself an invoice. Again, it just has to be reasonable in the context of your project. 5. If you have specific questions about your application you're probably best off writing the team. I'm happy to share a sanitized copy of my application if that would help but don't have the time to review yours. 6. Some teams are staying, some teams are going. If it's investment you want you'll have options down here too if you're fundable.

ebaysucks 16y ago
Thanks a lot! If it doesn't take too much time to sanitize, I'd love to see your application. (My email is judgedotme@gmail.com. Don't send your pitch if your business is AssertID, as there is some overlap.)