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The main Startup Chile drawbacks are: - they don't invest on you, instead they give you access to a grant - there are no real investors backing the program
by ccarpenterg 14y ago
The main Startup Chile drawbacks are:
- they don't invest on you, instead they give you access to a grant
- there are no real investors backing the program
- there are no real entrepreneurs backing the program
- they don't know anything about technology
- nobody is thinking about getting rich except the entrepreneurs joining the program.
EDIT: Well actually there are local entrepreneurs too.
- prateekdayal 14y ago> nobody is thinking about getting rich expcept the foreign entrepreneurs. What makes you think the foreign entrepreneurs are better than the local ones? I have not seen any such pattern in Startup Chile. In fact some of the best products (and teams) are Chilean.
- yummyfajitas 14y agoI was under the impression that Startup Chile gives some preference/reservations to local teams. In any selection process, any group that gets a boost due to irrelevant factors needs to meet a lower standard. Typically, a group of people meeting a lower standard will be inferior to a group of people meeting a higher standard. Of course, if I'm wrong about Startup Chile boosting local teams, this reasoning wouldn't apply. Anyone know what their policies are?
- prateekdayal 14y agoI don't think there is any reservation for local startups afaik.
- peterjancelis 14y agoIn the first round no Chilean teams were allowed, second round they opened it up and now the rumor is they are moving towards more and more Chileans because, frankly, some foreign teams scam the system and go on a 6 month $40K holiday.