All posts tagged startup

  • On thinking bigger and executing “smaller”

    TropicalGringo Puntaje Nacional

    Yesterday was a fun-filled day of meeting with the startups that are starting the 14 month program at the accelerator where I’m Program Director.  This cohort of companies seems to be filled with founders who are passionate about what they are doing and interested in giving it their all.  This makes all the difference, in my mind, not only in terms of their chances for building great businesses, but in terms of the joy and interest in help guide them in any way I can.  I noticed, along the way, that I was offering my feedback on their long term vision while pushing for short term results (more on that later).

    Also, I was delighted to meet the founders of a very interesting educational startup from Chile called Puntaje Nacional (see photo).  These founders have a startup which seems to be killing it in Chile and is now looking to expand to Colombia. One of the metrics I remember is that of 450k users.  Also, any of the startups I usually speak with in Latin America would be happy to have their revenues (won’t divulge number ’cause I didn’t ask permission) and the growth opportunities they have in front of them.

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  • Researching startup ideas for Latin America

    Startup Research

    I had a good conversation today with another expat who is intrigued by Latin America.  He has passed through Colombia and really enjoyed his time here (particularly Medellin and Cartagena) and is now traveling in Chile.  We were talking about the startup environment in the region and how much opportunity we see.

    He had some curious perspectives and we had a fun debate about the funding environment.  Although capital is still very scarce, my impression has been that there is definite void in terms of some really good early stage, seed funding.  This is specifically the area where I’m targeting my efforts with the creation of Tayrona Ventures.  Nonetheless, he sees more of a void in terms of Series A funding.

    He could be right, but I just think that Series A and Series B type funds are a much smaller jump from the private equity game and seem to me to be popping up nicely (Kazsek, Alta, etc.).  Meanwhile, there are interesting deals that I see in Peru, Colombia and other countries that are really struggling to find even $100k or less.

    Getting to the topic of the title of this post, one of the things we discussed was also the types of ideas that we both hear on a daily basis down here.  Some of these have already been done in other countries (which I have no problem with) and would probably work pretty nicely here.  A pet peeve I have, especially in Colombia, is when entrepreneurs as me for my take on their idea and they haven’t done very good research.  I can usually name a strong global competitor that they haven’t heard of or do a quick Google search with the same result.

    This is Business 101 and there really is no reason for this to happen.  Either way, I’ve decided to quickly jot down some startup ideas I’ve heard a number of times and give some examples of players who should probably be looked at in that space.  If I’m disciplined about this, the list below should grow longer:

    Parking spots

    Digital offers

     

     

  • Cuales son las mejores startups nuevas de America Latina?

    Tayrona-Ventures-logo

    Recientemente, he estado pensando mas y mas en mi sueño de crear un fondo de capital “early stage” para invertir en startups de América Latina.  Los lectores de este blog saben que hace tiempo le puse nombre y sitio web a mi fondo y se llama Tayrona Ventures.  He hablado antes sobre este fondo y pienso que ya llegó el tiempo para hacer esto una realidad. Read more

  • Medellin Antes y Despues

    medellin-innovadora

    Founder Institute Medellin 2013 está haciendo algo especial y está dejando abierto las inscripciones hasta este domingo 26 de Mayo y, luego, el martes, habrá una reunion informal de networking en el Dry Martini Bar del centro comercial La Strada con los co-Directores Dario Palacio y Jose Betancur para conocersen mejor y para cualquier preguntas que los inscritos y los interesados en inscribirsen puedan realizar. Tambien, posiblemente estarán algunos mentores y graduados del programa. Read more