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Almost 35% of the startups are from US. I wonder why they chose Chile, instead of applying in the numerous US based incubators.
by abhimir 15y ago
Almost 35% of the startups are from US. I wonder why they chose Chile, instead of applying in the numerous US based incubators.
- pchristensen 15y agoFrom what I remember of the program: - no equity or debt price, just a grant - cheap cost of living - more adventurous than going stateside
- rfrey 15y agoThe reasons we applied (yeah, we're going :) ): 1. Awesome life story and experience 2. International rolodex 3. Focus on MVP outside the temptation to chase publicity
- nirvana 15y agoWe're planning to apply in the next round, but whether we get in or not, we're not staying in the USA. Here's the reasons: 1) Working in other countries is cheaper than working in the USA. 2) I don't really need $40k to fund the startup. We have that in the bank. So, giving up %5-%10 of the company for $15k doesn't seem too attractive. Most programs are targeted at 20 year olds, rather than 40 year olds with 20 years of startup experience. (not to sound arrogant, I just think we're not what they are looking for.) 3) We've been nomadic for a couple years, first in the USA, then in europe. We have learned a lot by interacting with other cultures, and %60 of our current revenue comes from outside the USA. I like meeting potential customers and learning about their needs. 4) Inside wherever we're stating, we're effectively in America- we're on the same websites, etc. But each time we step outside our doors, suddenly we're in a foreign country. Makes our weekends off much more interesting and refreshing than they would be if we'd stayed in the USA.