Originally from California, Brian Requarth cofounded VivaReal, the Zillow of Brazil, which he’s grown by raising more than $78M in venture capital that has more than 600 employees.
Sebastian Vidal is a Chilean who was part of the early Startup Chile team and later became its executive director. Now the director of Parallel 18, a similar program in Puerto Rico, Sebastian has worked with more than 1000 startups and shares his insights into what makes companies successful.
This post is an excerpt of a blog post that appeared on my personal blog with the title What Entrepreneurs Should Expect While Doing Business in Paraguay where you can read the entire post.
The landlocked country of Paraguay flies below the radar for many entrepreneurs and travelers alike. Home to 6.7 million people, Paraguay has a GDP of $27.44 billion as of 2016, representing 0.4% of the world economy. Minimum wage is 1,964,507 Guaranies per month, which comes out to roughly US$353. Paraguay is a major producer of hydroelectricity, and the Itaipú dam, the world’s largest generator of renewable energy, is on the Paraná river. Paraguay had the highest economic growth in South America from 1970 – 2013, averaging 7.2% per year, albeit from a low base. Paraguay has a moderate inflation rate of 5% on average and international reserves of 20% of GDP, twice the amount of the external national debt.
Paraguay is the second-largest producer of both stevia and tung oil in the world, as well as the sixth-largest producer of soybeans and corn. While unemployment remains low at roughly 4.9%, studies estimate that 30-40% of the population is poor, and in rural areas, 41.2% of the population lacks the monthly income to cover basic necessities.
Jason Grullón is the cofounder of Virtu, a sustainable fashion brand that produces most of its apparel in his native Dominican Republic. Please enjoy this episode of the Crossing Borders Podcast.
Federico Vega is an Argentine entrepreneur from a small town in Patagonia who made his way to England, started a business, go a university degree and ended up working in finance. He moved back to Argentina to start his business, which ended up not working. He didn’t give up and moved to Brazil, where he went through massive adversity before finding product market fit and getting investment from Goldman Sachs.
Alejandro Freund is an Ecuadorian entrepreneur who started YaEsta.com, Ecuador’s most influential ecommerce company. Listen to his story on the Crossing Borders podcast.
Patricio Williams Becú is an Argentine entrepreneur who left his finance job to start DTA LatAm, a business that helps farmers finance their operation in Argentina, Uruguay and Paraguay.
This is an excerpt from a deep dive into doing business in Mexico that appeared originally on my blog, where you can read the entire post.
Mexico’s business opportunities rival those of any other emerging economy in the world. Despite a complicated history with violence and corruption, the country is starting to transform its negative reputation into new opportunities. New initiatives, especially to boost Mexican innovation, and an ever-expanding middle class with disposable income have given way to a new era of business opportunities for residents and foreigners alike.
To attract new investment, the Mexican government is making significant improvements to its infrastructure to compete globally in sectors like telecommunications and transportation. According to a recent PWC report , Mexico will become the 7th largest economy in the world by 2050.
But, to understand how Mexico will get there, it’s important to understand Mexico’s history and some factors that led it to become what it is today.
I went to Parallel 18, an equity free startup accelerator in Puerto Rico, as a mentor. Here’s the talk I gave to their startups.
This is an excerpt of a post that originally appeared on my blog titled The Advantages and Disadvantages of Doing Business in Colombia…you can read the entire post there.
Colombia has come a long way as a country and as a place to do business. The sensationalized version of Colombia that Narcos depicts is no longer accurate, though the reputation lives on.
Colombia’s history is long and complicated, filled with violent groups trying to control the country’s lucrative drug trade. But there’s so much more to Colombia than just drugs. 2017’s historic peace agreement between the Colombian government and the FARC, the largest guerrilla group, is a potential inflection point in Colombia’s history. And if I had to bet on a single Latin American country for the next 10-15 years, Colombia would be my pick.
Though many think it’s coffee, Colombia’s largest export is actually petroleum, which makes up over a third of the country’s exports, followed by coal, coffee, cut flowers, and gold. Coffee, however, was responsible for pushing Colombia toward a manufacturing based economy. After the War of a Thousand Days, which ended in 1902, Colombia’s coffee boom pushed the country to seek better transportation and manufacturing mechanisms.