A standard rule of thumb for startup selection processes in Latin America is 100/10/1. Out of every 100 startups reviewed, 10 are selected for further evaluation and 1 receives financing. These ratios can be observed across the capital stack – from accelerator programs to later stage venture capital funds.
Continue reading “The 100/10/1 funnel”Category: Startups
Get out of the country
My first lesson in startup idea generation came from Ricardo Espinoza during the Lean Startup Machine workshop: get out of the building. In order to create products people want to buy, founders need to leave the office, get in front of a lot of potential customers, and get instant feedback.
Continue reading “Get out of the country”Organigramas for startups
Creating org charts, or organigramas (sounds much better in Spanish!), presents challenges for startup founders. In initial startup stages, team members take on multiple roles. Later on, the team grows quickly, but somehow has to increase output per person.
Continue reading “Organigramas for startups”Finance For Fundraising 101
Fast Guide for first-Time Entrepreneurs Looking to Raise Their 1st Round of Investment
A few weeks ago a I received a call from a friend. He had seen I was working at a seed-stage investment fund and wanted some advice on fundraising. He told me:
Continue reading “Finance For Fundraising 101”The initial ride is not the struggle
When you imagine yourself building a tech company from the ground up, you might think of it as an exciting experience working inside an incredible environment, with an awesome team and a beautiful product that your customers love. Seems pretty straightforward. Well, it is not.
Continue reading “The initial ride is not the struggle”