Startup Chile's Successful Companies
blog.entrywire.comFrom the article: "Most of these acquisitions appear to be “acquihire”-type deals, and the terms are undisclosed."
"Only about 1% of Startup Chile companies have completed a Series A (or greater). For these companies, the average time from founding to A round is 2.25 years. Three companies have reached B (SaferTaxi, Cabify, Opendoor), and Cabify reached C. It’s worth noting both of these companies are taxi-on-demand."
"< 1% of it’s companies have achieved a liquidity event."
The success that isn't a cab company, Opendoor, is basically an AirBnB copy. Uber is moving into Chile and seems to be beating SaferTaxi.
That's disappointing.
Why is it disappointing?
Chile is so awesome that I'm seriously consider moving there. The contrast with neighboring countries is also astounding.
DataCamp also did TechStars NYC.
There are also successful companies that were bootstrapped, e.g. TheInternGroup.
the intern group is a joke at best. getting rich kids to pay for internships to make their CVs look more international. There isnt any innovation or disruption or even value creation involved. I'm not sure its something SUP Chile needs to be proud of.