Data Shows Entrepreneurs from Santiago are Among the Most Intelligent in South America

Blog, Chilean Scene, News, SUP Partners

Santiago Entrepreneurs Score High on the Founder Institute’s “Entrepreneur DNA” Social Science Test

The Founder Institute (http://fi.co), the world’s premier idea-stage accelerator and startup launch program, is releasing new data on Santiago entrepreneurs from its psychometric “Entrepreneur DNA Predictive Admissions Test”. After analyzing the results of over 30,000 entrepreneurs from over 100 cities worldwide and comparing those results to the 400+ entrepreneurs that have taken the test in Santiago, the Founder Institute has discovered that entrepreneurs in Santiago rank amongst the most intelligent in the world, and also display the ideal temperament for entrepreneurship.

Below are highlights of the Founder Institute’s findings for Santiago:

  1. Santiago entrepreneurs have higher fluid intelligence than those from Silicon Valley
  • Santiago’s score is 2.88% higher than the global average, 2.21% more than Silicon Valley, and 4.70% more than S. America.
  • Fluid intelligence is a largely genetic trait that measures one’s ability to quickly learn a rule set and apply the learned logic to solve problems. It is one of the most important traits that we have found for entrepreneurship.

  1. Santiago entrepreneurs are more likely to be emotionally stable
  • Entrepreneurs from Santiago are 1.74% more emotionally stable than those from other major South American cities, 0.28% more emotionally stable than European entrepreneurs, and 5.21% more emotionally stable than those in Asia.
  • Emotional stability refers to a person’s ability to remain stable and balanced. People with high emotional stability have high impulse control and can remain calm in stressful situations.

  1. City Comparisons

Below we have compared the test results of Santiago Entrepreneurs versus other cities.

Highest Fluid Intelligence in South America

  1. Santiago
  2. Rio de Janeiro
  3. Lima
  4. Sao Paulo
  5. Curitiba

Highest Extraversion Rankings in South America

  1. Curitiba
  2. Santiago
  3. São Paulo
  4. Rio de Janeiro
  5. Ribeirão Preto

Highest Emotional Stability in South America

  1. Lima
  2. Santiago
  3. Medellín
  4. Rio de Janeiro
  5. Bogotá

*Extraversion is another “Big 5” trait, and extraverted people generally display high energy, assertiveness, and sociability.

As an idea-stage accelerator that works with entrepreneurs at the very beginning of the company formation process, the Founder Institute uses the “Predictive Admissions Test” as it’s primary criteria for admissions. The test has been in development since 2009 with leading social scientists from the University of Toronto, and the Institute has Graduated 2000+ technology companies across 60+ countries. Through constant analysis of the data, tracking of Graduate company progress in the real world, and iteration of both the test and the training program, the Institute has identified a number of personality traits that correlate positively and negatively to entrepreneurial success.

For example, the Institute has found that traits like High Fluid Intelligence (someone’s ability to quickly understand new rulesets and apply them to solve novel problems) and High Openness (someone’s creativity, curiosity, and willingness to try new things) correlate very positively with entrepreneurial success, while traits like Emotional Instability and Narcissism correlate negatively. Interestingly, the Institute has found no correlation between IQ and entrepreneurial success. To learn more about the test, visit http://fi.co/dna. Journalists can also access a sample “quiz” with high-res imagery available for publishing, or request access to take the test and receive their results.

Applications are currently open for the Santiago Founder Institute 2018 semester at http://fi.co/apply/Santiago. Since 2011, the Santiago Founder Institute has Graduated over 45 technology companies, including fast growing startups like VoyHoy, and FI Graduates across all of Latin America have gone on to raise over $5MM from global venture capitalists. The program is led by Pablo Ambram and mentors include top local entrepreneurs like Daniel Ibarra (CEO, GoPlaceIt), Emilio Davis (CTO, Khipu), Gabriel Gurovich (Founder, Snapp), Vanesa Kolodziej (General Manager, Xpand Ventures), and many more.

Learn more about the Founder Institute at http://fi.co.

—-

About the Founder Institute

The Founder Institute (http://fi.co) is the world’s premier idea-stage accelerator and startup launch program. For aspiring and idea-stage entrepreneurs up to the challenge, our comprehensive step-by-step program provides the structure, mentor support, and global network of entrepreneurs needed to start an enduring company. In addition, the Founder Institute is the only program of its kind that focuses on people versus ideas, accepts founders with day jobs, and shares equity with all participants. Leaders of the world’s fastest-growing startups have used our program to transition from employee to entrepreneur, test their startup ideas, build a team, get their first customers, raise funding, and more. Based in Silicon Valley and with chapters across 135 cities and 60 countries, the Founder Institute’s mission is to “Globalize Silicon Valley” and empower talented and motivated entrepreneurs to build companies that will create one million new jobs.

The Founder Institute was founded in 2009 by Adeo Ressi and Jonathan Greechan. It is operated out of Palo Alto, California.

Press Contact: Jonathan Greechan, Co-Founder