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Chile Wants to Borrow US Entrepreneurs for $40,000

blogs.forbes.com

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Re: Chile Wants to Borrow US Entrepreneurs for $40,000

#11

Post by ecaradec »

zaidf wrote: post #8
ankeshk wrote: post #3

Earlier quoted context omitted.

Thanks for your comment. In countries with lower cost of labour, reducing or removing taxes on software companies will lead to folks starting outsourcing and service related companies. Not entrepreneurial product based startups. India is a prime example of this. Compared to the number of software developers in the country, the number of startups that pop up from India is very very low. So from Chile's point of view,…

...will lead to folks starting outsourcing and service related companies. Not entrepreneurial product based startups. IMO that is just another type of startup.

But this king of companies tend to live on thin margin and exploit local population. This may not be in the best interest of Chile to bring this kind of population.

Re: Chile Wants to Borrow US Entrepreneurs for $40,000

#14

Post by organicgrant »

fmendez wrote: post #6

I'm not sure if i missed something when I initially read about the startup Chile program, but i don't quite remember the documents stating they only wanted US entrepreneurs, am i wrong?

They're not limiting it to US entrepreneurs, just limiting their recruitment efforts to California at present. K-Swiss and Apple have convinced the world that the world's best stuff is "Designed in California"

Re: Chile Wants to Borrow US Entrepreneurs for $40,000

#15

Post by jacquesm »

pierre_M wrote: post #9
fierarul wrote: post #2

This is the first article on HN that specifically states it's 25 projects that get the $40.000, meaning they have an initial budget of $1M. To put this in perspective, the iFund, which supports iOS projects has a $200M budget. So, not that I have something with this Chile project, but I feel it's getting way too much "airtime" on HN. I don't need to see this daily on the RSS feed. I've always disliked contests of thi…

Isn't the scale of it comparable to YCombinator? YC certainly gets a lot of mentions here (not entirely unrelated to the fact that they run the site, but still...).

Their money is not tied to a string with a bunch of reporting requirements, they are in the midst of Silicon Valley and have very good connections to the rest of the tech world.

Scale is not the most important factor when evaluating stuff like this.

Re: Chile Wants to Borrow US Entrepreneurs for $40,000

#16

Post by fierarul »

ankeshk wrote: post #3
fierarul wrote: post #2

This is the first article on HN that specifically states it's 25 projects that get the $40.000, meaning they have an initial budget of $1M. To put this in perspective, the iFund, which supports iOS projects has a $200M budget. So, not that I have something with this Chile project, but I feel it's getting way too much "airtime" on HN. I don't need to see this daily on the RSS feed. I've always disliked contests of thi…

Thanks for your comment. In countries with lower cost of labour, reducing or removing taxes on software companies will lead to folks starting outsourcing and service related companies. Not entrepreneurial product based startups. India is a prime example of this. Compared to the number of software developers in the country, the number of startups that pop up from India is very very low. So from Chile's point of view,…

By definition startups have a chance of failing. Betting Chile's software strategy on 25 startups is a risky business.

I don't see why lower taxes will reduce entrepreneurship there or introduce only outsourcing -- won't the locals use this chance to create their own startups ?

There are many things to discuss here but I assume some countries either culturally or financially encourage enterprises. If Chile doesn't have the right legal, tax and socio-educational framework then startups will never migrate there.

There are just too many aspects to look at but I do believe that a contest with some $40K prizes can't beat lowering taxes.

Re: Chile Wants to Borrow US Entrepreneurs for $40,000

#17

Post by daniel-cussen »

fierarul wrote: post #2

This is the first article on HN that specifically states it's 25 projects that get the $40.000, meaning they have an initial budget of $1M. To put this in perspective, the iFund, which supports iOS projects has a $200M budget. So, not that I have something with this Chile project, but I feel it's getting way too much "airtime" on HN. I don't need to see this daily on the RSS feed. I've always disliked contests of thi…

The instant visa is actually the bigger draw.

Re: Chile Wants to Borrow US Entrepreneurs for $40,000

#19

Post by zaidf »

ecaradec wrote: post #11
zaidf wrote: post #8

Earlier quoted context omitted.

...will lead to folks starting outsourcing and service related companies. Not entrepreneurial product based startups. IMO that is just another type of startup.

But this king of companies tend to live on thin margin and exploit local population. This may not be in the best interest of Chile to bring this kind of population.

I disagree. I don't know very many Indian programmers who consider themselves "exploited" by firms such as Infosys, Wipro etc. In fact, quite the opposite. Most Indian programmers that are worth a dime are sitting on multiple job offers at any given time.

Re: Chile Wants to Borrow US Entrepreneurs for $40,000

#20

Post by jbooth »

fierarul wrote: post #16
ankeshk wrote: post #3

Earlier quoted context omitted.

Thanks for your comment. In countries with lower cost of labour, reducing or removing taxes on software companies will lead to folks starting outsourcing and service related companies. Not entrepreneurial product based startups. India is a prime example of this. Compared to the number of software developers in the country, the number of startups that pop up from India is very very low. So from Chile's point of view,…

By definition startups have a chance of failing. Betting Chile's software strategy on 25 startups is a risky business. I don't see why lower taxes will reduce entrepreneurship there or introduce only outsourcing -- won't the locals use this chance to create their own startups ? There are many things to discuss here but I assume some countries either culturally or financially encourage enterprises. If Chile doesn't ha…

Eh, lowering taxes puts money in the pocket of everybody who makes any money, and you're primarily taking less money from already existing income. Chile's looking to create new high tech startups. Entirely different problems.
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