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Hi. In am part of Round 1 of Entrepreneurs; For me, its been a great experience.

I can't believe can we be criticizing a free 40K grant, in exchange for no equity. (A few loose strings attached, so what?)

If there are better, more entrepreneur friendly grants available; why do we never hear of them? And why dont entreprenurs go there instead?




A simple question: How many RVA points did u guys make? :)

If u don't give anything back, not complaining about "zero equity" makes total sense. If u were as involved as I was in the local "big picture", the fsct that there's no 40k grant means I basically worked for the government FOR FREE, or at least with a VERY HARD return on my time.

Very good proposal for a "noobie entrepreneur" hoping to build a "name", a terrible waste of time for any serious startuper.

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My experience so far, 2 months into the program.

Many problems with the reimbursement program seem fixed. Stories from earlier rounds seem to have changed things, which is a sign that things can get better.

Given I had all the right information up front, I got the full amount returned on my first report. The housing allowances are very generous for Chile and things like requiring a housing contract is not exactly a 'pile of paper'. I finished my entire first report in a single morning, having kept myself organized ahead of time.

The legalization process for foreigners is also pretty slick. Try coming to Chile (or anywhere) and getting an ID card, bank account, and apartment in 2-3 weeks without government help. You may feel your time was wasted by RVA, but you win a lot of time if you choose to. If one doesn't feel that these things are worth his time, it may make sense to raise money from friends and family and stay home.

Regarding the RVA involvement there are many ways you can participate. For example, spend some hours teaching a local Ruby or web design. This sort of thing may actually help you work better too.

Above all the biggest problems are in communication, which seems to get better over time.

My feeling is that more accountability for teams (required demos) and the impact they have locally would help everyone build a better sense of trust. So would a stronger commitment from Startup Chile to communicate their goals clearly to new arrivals.

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They had to implement the Return Value Agenda program because a lot of the teams in the pilot project outright refused to participate in any way other than work on their startup. Christian, an ex-staffer with Start-Up Chile told me that there were people who literally never left their apartments and when asked whether they would host a meetup outright said "Nope".

It's unfortunate that happened, it's kinda of screwing it for the rest of us. Actually, a more comprehensive application process would have fixed a lot of the problems :)

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There's more than one person in this thread that fall into that category... Christian was one of the great guys actually interested on helping btw. A real, real shame he left, making people have to interact with mr budeguer... (too much inside info, sorry)

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