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Hello; Thanks for your comment. To get an easy read on this reply i would divide it in main for topics: - Why didn't stay and more details about it. - Differ
by j_camarena 15y ago
Hello; Thanks for your comment.
To get an easy read on this reply i would divide it in main for topics:
- Why didn't stay and more details about it.
- Difference within Chile.
- Totally different market.
- Changes in business strategy.
## if you are truly interested on those topics please subscribe the blog, I'm planning to cover all of this topics on future posts. ##
-> Why didn't stay and more details about it. <-
This one in particular will be published soon, actually i'm just finishing the draft and maybe will be public in 2 days or something.
Try to subscribe, you can be sure that i will post open recommendations, opinions and reasons why i stooped paying Taxes in Mexico .. i hope someone in the government can read it.
-> Difference within Chile <--
I think its matter of philosophy .. almost all the country's will try to "get a piece of the pay", what Chile is doing here to have a clear vision to mitigate the "brain-drain" effect bringing some hope to local people. Its always good to have a guy in his 20's who did it big like your neighbor.
Mexico in the other hand is focusing his self in giving "easy loans" with high interest rate to young people.
This sounds like "hey, let me screw you a little, in a couple of years you will broke like 80% of the business but i will have my payback or get your home".. they are just doing it wrong.. very wrong.
-> Totally different market. <--
Yes, it us a huge unknown market for us .. but we are going to keep our Mexico operations in a virtual way .. just they will be not paying to a Mexican company; Instead payment will be sent to an international company (i don't know where yet).
Doing this they cant charge Taxes but we sure can attend clients in Mexico (and all latin-america) from any country in the world (Borders are so 90's).
-> Change in business strategy. <-
Well .. to be honest I'm a Mechanical Engineer... within my career i didn't learn anything about programming, html or css.. i just focused myself in Energy efficiency, heath transfer and entropy .. but the web was always my hobie.
When graduated (2008) all the world was "in crisis" and there where no lots of Jobs .. but the web was making billions so i used my web knowledge to start something else and using as a pivot in the future.. by now the pivot is going great!.
What im planning here is to have a customer-base within all latinamerica instead of just Mexico. I will also diversify to three or web apps.
### If you liked please subscribe, I'm planning to cover all this topics on my future posts ###.
- cesarsalazar12 15y agoAs a partner of Mexican.VC (http://mexican.vc http://mexican.vc), a (pre)seed fund that invests in Mexican online startups, I can assure that the your vision of how Mexico works is quite incomplete. There's well enough funding in Mexico for early stage companies. You can find angels (Angel Ventures Mexico, Mex.VC), seed funds (Mexican.VC, Wayra, StartupFactory), early stage VCs (Alta Ventures, Ignia, Fondo Emprendedor CONACYT-NAFIN) and public grants (Prosoftware, Fondo PYME, AVANCE). I'm not saying Chile is not a great country (I love Chileans), but IMHO your reasons to leave Mexico are fundamentally flawed.
- j_camarena 15y agoThanks for the comment.. i knew about some of the programs you mentioned there .. http://mexican.vc http://mexican.vc got my attention in particular. I did research when started the company but a lot of doors where closed at that time and my options where to take a Loan or leave a part of the company to the seed funders. I think gov should do something like Startup chile where they offer "free money" to start a wildfire in entrepreneur attitude. *please add me to my twitter @j_camarena, will be cool to keep contact :)
- eduardoflores 15y agoI wouldn't say "fundamentally flawed". A bit simplistic, maybe, but totally understandable. Government funds are - let's say, shady - and private funds are usually who-knows-who and pretty inaccessible. I'm not saying that it's impossible but I certainly understand Julio: as good entrepreneur, he's taking the pragmatic route. Kudos for that.
- j_camarena 15y agoThanks Eduardo