Startup founders are used to thinking big and building projections of exponential growth based on highly scalable business models. Weekly, monthly, and annual projections are the typical guideposts for determining whether execution is on plan. Unfortunately, the Covid-19 pandemic has caused projections to go out the window.
Today, some much remains uncertain that it is impossible to accurately project what will happen. Startups need a new set of guideposts to determine what is happening and make crucial decisions on what need to be done.
Continue reading “Scenario planning”
Last month the Peruvian Seed and Venture Capital Association, PECAP, published its Directorio de Miembros PECAP 2020. This is a great step to provide access to information on active early stage investors in Peru.
Continue reading “The 2020 PECAP Directory is out!”
Amazon Web Services (AWS) has increased its presence in Peru and, with that its support of local startups. Alex Harasic, who previously founded startup Operatio, is now Business Development Manager, Startups & Venture Capital, for Chile and Peru.
Continue reading “AWS steps up support of startups in Peru”
The current Covid-19 outbreak has put pressure on governments to act. Peru’s goverment has taken quick, drastic action. So far, it has stood out as a model globally.
According to the International Survey on Coronavirus, with over 100,000 participants so far, Peru sits on the spectum of most extreme government reaction and most truthful government communication.
Continue reading “Peru is setting an example”
Startup founders are used to crisis and leading through change is part of founders’ mental make-up.
What is happening now is unexpected, unprecedented, and harder.
Continue reading “This is hard”
Solidarity among Peruvians has remained strong during the first weeks of the goverment-mandated quaratine period. Citizens are staying home and doing their best to manage the challanges brought by the novel coronavirus.
This solidarity of the general population has extended to startups, many of which are in a great position to provide support. In some cases, this support comes in the form of providing resources and ideas for managing time at home. In others, startup support comes in the form of a digital channel to provide direct resources to people most in need.
Continue reading “Startup solidarity”
Startups in Peru and across Latin America are quickly responding to people’s needs. As local governments ask, or require, citizens to stay home, demand for in-home services has increased.
Local startups are playing a role in keep all of us calm and focused. Their solutions can be an important resource or valuable distraction.
Continue reading “Startups providing in-home resources”
For the next few weeks many companies with implement remote work. Startups that have launched with remote DNA are prepared. This will be a competitive advantage compared to corporations with structured work days whose employees will take time to adjust. A flexible mindset allows startups to think about hiring talent and selling to customers who don’t live in the same city.
Continue reading “Remote Work 101”
Startup ecosystems need ambassadors. People who connect with neighboring communities to share good news and build bridges.
Javier Benavides, Manager of BBCS Capital and co-founder of Investa VB has spent time over the last year building important links between Peru and other members of the Pacific Alliance countries.
Continue reading “El embajador”
We started Ruta Startup two years ago to share the progress of the Peru startup community through the eyes of people across the ecosystem.
It wouldn’t have been possible over the last twelve months without the writing and feedback from active members of the startup community, including Luis Narro, Jose Garcia Herz, Jia Li Tan, Andres Benavides, Enzo Cavalie, Ivonne Quiñones, Carlos Rodrich, Anson Tou, Renzo Reyes, Elias Mufarech, Diego Bartra, Ernesto de Olazaval, Charlotte Ducrot, Paola Mego, Valeria Reyes and Oriana Fuentes.
Continue reading “2 years of Ruta Startup!”