Flip-side of Startup Chile(medium.com)
medium.com
Flip-side of Startup Chile
https://medium.com/@maxxttor/flip-side-of-startup-chile-d8154887de35
11 comments
Very much this.
I was also part of Startup Chile (8th gen) and the demands of the program were very reasonable. Gaining the RVA points to foster the community was really a small price to pay for basically "free money".
The transparency into spendings was very understandable and additionally largely due to some pretty shameless abuses in previous generations.
I was also part of Startup Chile (8th gen) and the demands of the program were very reasonable. Gaining the RVA points to foster the community was really a small price to pay for basically "free money".
The transparency into spendings was very understandable and additionally largely due to some pretty shameless abuses in previous generations.
Dont depend on the grant money to run your business, treat it like icing on the cake. the money is more of a reimbursement than upfront cash. Grow from sales.
I'm incredibly suspicious of any "government affiliated" startup programs. As far as I can tell, they universally suck (Startup Chile is the least bad).
They have growing "compliance requirements" class over class, most of which are irrelevant. While I appreciate that money is in short supply in an early stage startup, founder time is, too -- so wasting time of founders is absurd.
They have growing "compliance requirements" class over class, most of which are irrelevant. While I appreciate that money is in short supply in an early stage startup, founder time is, too -- so wasting time of founders is absurd.
New Zealand has Callaghan Innovation, who are a relatively bureaucracy-free grant provider. They're very fond of paying companies to take on interns for projects, which is good for the company, and good for training up developers.
[0] https://www.callaghaninnovation.govt.nz/
[0] https://www.callaghaninnovation.govt.nz/
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I think one of the biggest problems is to find good local developers. I think that the local market is very small and also not many locals are fluent in english. Getonboard is a good place to start but maybe the startup program should look at this training local students / devs for make them useful for startup ecosystem.
This guy doesn't seem to get what an 'accelerator' is besides a check. There are some valid complaints about Chile's bureaucracy to be had, but he's not making them..
Thanks for the write-up. I guess bureaucracy is always the problem with public funding.
What's your startup btw?
What's your startup btw?
The first paragraph mentions https://smartprogress.do/. Or you mean something else?
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I was part of Startup Chile and got into a VC run accelerator in the US, and bureaucracy in the US was much worse (Lawyers and accountants required for everything, incorporation as C-corp as a pre-condition, immigration acrobatics, etc). He may change his opinion if he has to move to a US accelerator with a $40k - $50k investment (just icing, as dashr rightly points out).