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26 Start-Up Chile startups that have launched
11–20 of 26 posts
Re: 26 Start-Up Chile startups that have launched
#12We as Challengein.com and Fanchimp.com, Startup-Chile round 1, have launched two products in those 6 months.
Re: 26 Start-Up Chile startups that have launched
#13To the program participants: are these 40000 USD meaningful for doing a startup there? Is it like living on noodles or better/worse?
decurate.com. If you're a 2 person team with development skills, the $40k will easily cover living expenses and product launch. You're capped at a salary of $750 each + $1200 for rent total (these were the limits for two members when we were there). We developed the site in 10 weeks and had a significant amount of money to invest in customer acquisition.
Re: 26 Start-Up Chile startups that have launched
#14To the program participants: are these 40000 USD meaningful for doing a startup there? Is it like living on noodles or better/worse?
I'll echo @jot, we're another UK team (Round 2, been here 8 weeks). The pricing is similar to Brighton back home (smaller than London on the south coast), we get a 2 bed very nice apartment for £850UKP equivalent (though we pay a £100 excess each for that, no pool here sadly either), our bills for cooker-gas/electric/internet are another £100/mo on top. We could have chosen more central, smaller and cheaper but we chose a nice/larger place. The Metro is roughly £1 per journey (bus/metro/both). Cell SIM is £20/month for HSDPA with a reasonable data limit. Food is similar to back home (lunch costs £10, evening meal £10-£30, supermarkets the same as home).
Basically we get to live in a city for the cost of a small UK city which, for us, is quite a nice deal. Nobody else has complained about the amount of money (which comes for 0% equity), the problems are more around the govt. bureaucracy and the refund process which saps time. We jut got almost 100% of our requests first month reimbursements back at a time-cost of 1.5 days.
At the end of the day we've got $20k USD to invest in people and $20k to live off here. Fine for MVP->launch (we're 3 weeks from alpha launch with http://strongsteam.com/ ).
Re: 26 Start-Up Chile startups that have launched
#15While this is cool, all of these that I clicked on weren't really "launched" so much as they have a splash page. I'd be interested in seeing what actually launches down the road.
I agree that many people here haven't launched in a public way. We ( http://strongsteam.com/ ) have some closed alpha users and add more every few weeks, we'll be months before hitting beta. There are however a nice set (10%?) who have launched and may not be in @jot's page, some are physical products (e.g. photo booths for bars, waste water boilers->clean water, human waste sanitisers) which don't appear on the list. There's quite a mixed set out here which makes for very across-the-board conversation.
Re: 26 Start-Up Chile startups that have launched
#16If you think you can do better than this lot, check out the next round of funding, details launched today: http://www.startupchile.org/about/apply/yourdecision
Our round (Round 2) and @jot's (Round 1) each had 100+ companies, I believe another 100 arrive this/next week with Round 3 and we'll expect a similar nbr for Round 4. In Round 2 & 3 there were 600 applicants with properly-completed forms, if you're interested in the odds :-)
Personally I'll say that being here is very nice, it is great to avoid having to take on client consulting work to pay the mortgage. Things could be better (reimbursements, mentoring, access to more money) but things are a lot better for me than if I'd stayed back in the UK. I'm going to meet 1,000 pro-active folk out here in the following 5 months, I'd not find that many in the UK via my old networks.
Re: 26 Start-Up Chile startups that have launched
#17To the program participants: are these 40000 USD meaningful for doing a startup there? Is it like living on noodles or better/worse?
I'll echo @jot, we're another UK team (Round 2, been here 8 weeks). The pricing is similar to Brighton back home (smaller than London on the south coast), we get a 2 bed very nice apartment for £850UKP equivalent (though we pay a £100 excess each for that, no pool here sadly either), our bills for cooker-gas/electric/internet are another £100/mo on top. We could have chosen more central, smaller and cheaper but we ch…
Hi Ian - quick question that you might be able to answer (since you're currently out there!): do you happen to know what the policy is if a founder wants to take his non-business partner with him (i.e. long term gf or wife)? Is it something generally discouraged or is it fine if one covers the costs out of ones own pocket? Do you know of any team founders/members currently down there that have done this? Thanks!
I had a skim through the FAQs on the startup chile site but couldn't find a direct answer.
Re: 26 Start-Up Chile startups that have launched
#18Earlier quoted context omitted.
I'll echo @jot, we're another UK team (Round 2, been here 8 weeks). The pricing is similar to Brighton back home (smaller than London on the south coast), we get a 2 bed very nice apartment for £850UKP equivalent (though we pay a £100 excess each for that, no pool here sadly either), our bills for cooker-gas/electric/internet are another £100/mo on top. We could have chosen more central, smaller and cheaper but we ch…
Hi Ian - quick question that you might be able to answer (since you're currently out there!): do you happen to know what the policy is if a founder wants to take his non-business partner with him (i.e. long term gf or wife)? Is it something generally discouraged or is it fine if one covers the costs out of ones own pocket? Do you know of any team founders/members currently down there that have done this? Thanks! I ha…
There's at least a few people down here that have brought down their wife/gf. It doesn't seem to be viewed as a problem at all.
Re: 26 Start-Up Chile startups that have launched
#19Quick question - does startup chile accept companies with only a single founder?
Re: 26 Start-Up Chile startups that have launched
#20Quick question - does startup chile accept companies with only a single founder?
They don't have any official policy regarding number of founders.
I think wedoist is one such startup which has a single founder.