My hotel was most likely on fire.

I had just landed in Santiago from a 3-hour flight from Lima. It was 1 am Saturday, October 19, 2019. Honestly, if it wasn’t for the power of storytelling and persuasion, I would’ve stayed homeless for an entire weekend (once again). But more on that later.

“I am not taking you there. I don’t think anyone is,” a taxi driver told me at the airport while he showed me a video on his phone. It was a building on flames downtown Santiago. …

Contxto — You know, I’ve been trying to think of an analogy for what I think the Cornershop situation looks like and, I must admit, I have been unable to. When it comes to describing something as absurd as what has been going on, I’m left speechless.

For those of you who haven’t been following every detail of the Cornershop saga, I recommend you read these three articles here:

But, hey, here’s a small recap nevertheless:

Cornershop -the Chilean/Mexican delivery startup-is finding itself in a pretty frustrating situation.

Last April, the company announced that it was going to be acquired…

Contxto — Venture capital in Latin America is reaching a tipping point.

Many of the VC deals I have seen lately are predictably bland. At least, from my writing experience.

Perhaps they’re underwhelming since it seems like many of Latin America’s first VC waves are not actually seeking to support innovative, disruptive and home-run startups. Similar to a president seeking reelection, many VCs are mostly looking out for themselves.

Long story short, they’re playing it safe.

Two words — risk aversion

The reality is that Latin Americans are culturally risk-averse. Add that to the fact that most of these are the first or second fund…

Contxto — El viernes pasado, lanzamos nuestro primer episodio del podcast de la serie Entre Titanes.

En este segmento, entrevistamos a Gerardo Ruiz Dana y Guillermo Gonzalez de Fanbot, quienes comentaron cómo lograron transformar su startup de un dispensador de chicle en una calcomanía altamente gamificada (por supuesto, estoy simplificando sus productos aquí).

Alerta de spoiler: la visión de Fanbot siempre se mantuvo igual, aunque el producto ha cambiado completamente gracias a las habilidades de pivote inteligentes.

Después de hablar con la empresa, investigar un poco y observar lo que he experimentado de primera mano, estos son mis ocho consejos…

Contxto — Nowadays, the Internet is so ingrained in our daily lives that we can’t even consider alternatives. For many, it’s so indispensable that everything crumbles if the network goes down for just a few minutes.

Bridgefy understands the hassle and decided to do something about it. Recently, I spoke with CEO and co-founder Jorge Ríos to better understand the firm’s modern technology and business model.

Snapshot

Tell me what your burn rate is, and I’ll tell you who you are.

Do not approach an investor if your startup has a sub-optimal burn rate, or they will disappear from your sight.

According to CB Insights, running out of cash is the second most common reason why startups fail. Therefore, private equity investors (with fewer liquidity opportunities than public equity investors) run away when they see companies with unattractive characteristics.

Let’s back up a bit for newbies.

What is the burn rate?

Basically, it’s how much money you’re spending on a monthly basis.

There are two types: gross (spending) and net (losing). Gross…

There are amazing things happening in the Latin American tech and startup ecosystem, yet many people wonder why it has not evolved as fast and exponentially as others.

Well, there are many obvious reasons, but one of them which might be quite underrated is this: lack of media attention.

I dare you. Name one website where founders, investors, and tech enthusiasts can inform themselves about what’s going on with tech in Latin America, consistently.

There might be a few, but 1) they’re in Spanish — thus, limiting the audience reach — and 2) information it’s not focused on these subjects…

Contxto — Most entrepreneurs think having a high valuation is a good thing. This is not always the case, especially since down rounds happen, and they’re not that uncommon.

VC: So, what’s your proposed cap on this round?

Entrepreneur: Well, I haven’t sold anything yet, but I have three letters of intent. So, I estimate the current valuation is around $7 million dollars.

VC: Haha.

A few weeks ago I read a tweet that was quite precise: “More fiction is written on Excel than Word”. I’m not hating on this. …

Cortés Victor

⚡️ growth/partnerships @tribalcredit . host @traccion_ (out now!). founder @contxto_ . part-time poker player. Now writing @cortesvictorh. opinions my own.

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