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I'm in the current cohort of companies for Start-Up Chile and can hopefully help out a bit. -There are angels and VCs here, but it's still a pretty new infrast
by andrewcross 15y ago
I'm in the current cohort of companies for Start-Up Chile and can hopefully help out a bit.
-There are angels and VCs here, but it's still a pretty new infrastructure. I know some people have raised money locally, but more are looking to the valley. A couple weeks ago the first round of companies pitched and voted to determine the top 5. Those top 5 were/are being introduced to some valley VC's by Vivek Wadwha. Pretty sweet deal.
-$40K is per company as a 90% grant (example already covered by someone else). The money is a bit of a pain to get access to (it's reimbursed), but it goes a long ways.
-The connections outside of Chile are pretty awesome. As mentioned before, Andrew Mason and Dave McClure have already stopped by (I was one of a few that pitched to Andrew Mason). YC is still top, but for a very early-stage team, Start-Up Chile is awesome.
If you were selected, I wrote a blog post you might find helpful about what I wished I knew before I came down here. http://www.andrewcross.ca/2011/12/11/7-tips-for-entrepreneurs-arriving-to-start-up-chile/ http://www.andrewcross.ca/2011/12/11/7-tips-for-entrepreneur...
Congrats to everyone accepted!