What Startup Chile Is and Isn’t

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The following article is by Morgan from Gift Pinpoint 7.2. 

 

Key to success is expectation management. If you expect to make $10,000 but you make $1 million — you’ll be happy. But if you expect to make $100 million but you only make $1 million, you’ll be pretty friggin’ disappointed.

So, what should be your expectations for Start-Up Chile?

Well, inspired by the Decalogue, here are some positive expectations (what to expect) and some negative expectations (what not to expect):

1.) Start-Up Chile is a great place to meet people with awesome talent and work-ethic, where you can mutually help each other, and learn from each other, in many ways. It’s the people above all that matter.

2.) Start-Up Chile is full of unexpected opportunities: business, social, and more business. This can’t be emphasized enough!

3.) Start-Up Chile is a little bit like college. Just a little bit.

4.) Start-Up Chile is full of the buzzing energy of something new, strong, growing quickly, up-and-coming.

5.) Start-Up Chile encourages you to interact with less privileged Chileans (via the RVA points). This is a powerful, humbling and important life experience.

On the other hand….

6.) Start-Up Chile is, too often, not the easiest place to avoid distractions: endless great talks by great entrepreneurs, constant networking events, lots of “tribes” with fellow entrepreneurs who want to discuss the latest tech trends, fun social activities and fantastic people whom you want to hang out with. You need to work very hard to keep yourself focused — and this is essential, since focus is critical to success.

7.) Start-Up Chile is not so strong yet on the mentoring; in fact, technically, Start-Up Chile does not consider itself an “incubator” and thus does not emphasize, well, incubation. The “mentors” should be considered a “bonus”, not the “essential.” There are many amazing great people at Start-Up Chile with the ability to be mentors–you just need to go out and find them. (Note: I consider myself a great mentor, so you–yes, you, dear reader!–should come find me!).

8.) Start-Up Chile does not present you the amazing opportunities on a silver platter. They’re all there, but hidden. You need to go out and find them yourself.

9.) Start-Up Chile does not just give you $40,000 quickly and easily with no questions and no problems, not at all. You need to think about how you’ll spend it; do lots of paperwork; get every little detail of the paperwork right; go to some meetings. It’s not as scary as it sounds, if you read all the tiny tiny print (if you don’t read all the tiny print, it can be scary).

10.) Start-Up Chile is not in Silicon Valley; it’s in Chilicon Valley (it founded it, in fact!) so, adjust your expectations accordingly. This is not the place of billion-dollar-per-hour software developers or every guy you meet has a Social-Mobile-Location (Somolo!) startup that is “Dropbox for Artists who only wear Orange”. Instead, Chilicon Valley is it’s own unique, but powerful, mix: a bunch of great software developers, with a bunch of do-gooders, with a bunch of aspiring businessmen, with lots of savvy guys with the key contacts to the key people in your industry in Chile, with a bunch of globally-minded foreigners, with a bunch of old-school engineers who actually build, invent, and patent amazing things with their own hands (wow, people still make physical stuff!) — all mixed together, with the most unpredictable outcomes!