Naval Ravikant: The combination of inexperienced investors with first-time entrepreneurs is not good. I am going to show you something else just to get my point across very clearly. Let me show you how many investors have applied to get in who haven’t even been processed. So, you see this page [on your computer], right?
Sramana Mitra: Yes.
NR: There are about 20 to 30 people on this page. There are 57 of these pages. >>>
By guest authors Irina Patterson and Praveen Karoshi
Art: Our business accelerator is wrapped in the academic program. The people who participate in it are either spending three months in the program between the first and the second years of their MBA program, or they do it after they graduate with an MBA when they are launching their company. >>>
By guest authors Irina Patterson and Candice Arnold
Irina: What entrepreneurs could expect to spend on living expenses while they stay in Chile?
Jean: That would depend on how you want to live. There’s an entrepreneur who lives in a normal apartment. He has a swimming pool on the top floor of the building. He’s probably paying $800 [a month]. You can live with less. You can live with more. On our site, we have that comparison of living expenses. Going out for dinner in a normal restaurant is about $20 per person. Renting an apartment would be between $600 and $800 for two people. >>>
By guest authors Irina Patterson and Praveen Karoshi
I am talking to Art Boni, director of the Donald H. Jones Center for Entrepreneurship and professor of entrepreneurship at the Tepper School of Business at Carnegie Mellon University.
Carnegie Mellon was one of the pioneers in introducing entrepreneurship courses nearly 40 years ago, in 1972. According to the university, today its Don Jones Center of Entrepreneurship averages three new business spin-offs every year. And, Carnegie Mellon University, the center’s incubation partner, each year supports an average of 10 new business spin-offs. In addition, Google, Apple, Intel, Microsoft, and Disney are campus residents providing students with many opportunities for entrepreneurial collaboration. >>>
By guest authors Irina Patterson and Candice Arnold
Irina: Do you have any entrepreneurs from the U.S.?
Jean: We have people from Wisconsin, California, and Utah. We’re trying to attract the best entrepreneurs from around the world. We’re not only looking for high-tech entrepreneurs, we’re looking for any entrepreneur who can see an opportunity here in Chile. We’re looking for mining, agriculture – the possibilities are endless. >>>
By guest authors Irina Patterson and Candice Arnold
Jean: We want the founders to start their businesses here, and then go global. There are some companies that want to send in a project manager. Other teams wanted to open branches in Chile. There’s another agency here in Chile that supports that. >>>
By guest authors Irina Patterson and Candice Arnold
I am talking to Jean Boudeguer, executive director of Start-Up Chile, which is a Chilean government program that seeks to attract foreign, high-potential entrepreneurs to come to Chile to bootstrap their businesses. The mission of the new government and the primary focus of the Ministry of Economy are to convert Chile into the entrepreneurial hub of Latin America. Chile’s current president, Sebastián Piñera, who took office March 11, 2010, is a well-known economist and investor. >>>
By guest authors Irina Patterson and Praveen Karoshi
Kerry: The public funding that DreamIt receives is not contingent on how many of our entrepreneurs are successful. I think that is probably because our investors agree with us that this model of succeed fast or fail fast is valuable. They understand that some of the companies will decide not to move forward after the program, which is part of the process of vetting these ideas in the market place. I don’t think they want to discourage that. >>>