Crowdfunding: the collective financing revolution in Chile

The following is an article translated from Spanish to English from Asociación de Emprendedores de Chile (The Association of Chilean Entrepreneurs). The original article, published Jan 28, 2014, can be read here.

The current President of the United States, Barack Obama, issued a creative call to his supporters to finance the electoral campaign that brought him to re-election. While in North America donations to political parties are very common, Obama always showed interest in new platforms and technologies. This was how Crowdfunding came to be: a collective financing alternative that seeks to support a creative project through personal donations.

The method is used for the benefit for both parties because, on the one side, we have entrepreneurs that can meet their goals through donated proceeds, while on the other side, we find those who invest, who issue donations in exchange for various rewards.

One of the advantages of crowdfunding is that it democratizes access to capital for development of entrepreneurship. In addition, it manages to give publicity to projects that in the majority of cases would only remain an idea.

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Dear Chile: Thank you. Sincerely, Silicon Valley

An insightful Huffington Post article entitled, “Why Silicon Valley Should Write Chile a Much Deserved Thank You Note” piqued the attention of our AndesBeat team recently. Read the full article here.

In the article, Patrick McGinnis, a New York-based investor and entrepreneur, insightfully remarks on what we here in Chile have known all along: That US entrepreneurs have derived significant benefits from the world-renowned Start-Up Chile accelerator program. In his article, Patrick notes that: “For businesses with global ambitions, Chile serves as a low-costs laboratory where a team can test and refine its value proposition.” Continue reading

GoDaddy Expands To Latin America

The world’s largest domain name registrar and Web hosting provider has now landed in Latin America. GoDaddy, a company that describes itself as “nearly as old as the Internet itself,” was born with the goal to “help people easily start, confidently grow, and successfully run their own ventures.” Its recent expansion into Latin America is grabbing headlines. reports that GoDaddy has “launched its entire suite of products in Argentina, Brazil, Chile, Colombia, Mexico, Peru and Venezuela”.

WebProNews asserts that GoDaddy’s localization of tools into Spanish and Portuguese means that Latin American small business owners “can now purchase a domain name and build a Web site through GoDaddy without having to learn another language”.

Prezi Surpasses 30 Million Customers, Bolsters Business Capabilities

Company Achieves 50% Growth in Last Six Months and Expands Executive Team

SAN FRANCISCO, CA – Prezi, the zooming presentation software, announced today record growth and new capabilities to help business professionals land new clients, sell products and share ideas in a more memorable and engaging way. More than 30 million people across the globe are using Prezi. This growth represents a 50 percent increase over the last six months with more than 1.5 million new people joining the Prezi community every month. In Chile, the company has achieved 70% growth in the last six months.

“We are no longer in an era where one company controls the productivity market. People now have more tools than ever before to make them more effective at work,” said Peter Arvai, CEO and co-founder of Prezi. “Prezi adds value by helping people express their ideas in a more creative and strategic way.”
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Uber Santiago Launch Party at Osadia, January 2014

Uber Launches in Santiago!

Sometimes, when I daydream about the future, I imagine escaping the public transportation madness of my city by making a private chauffeur in a shiny black car appear with the press of a button.

…And then I realize the future has already arrived.

This January 2014, Uber landed in Santiago! Uber is a mobile app-based platform that seamlessly eliminates the inefficiencies of taxicab services of which many of us are far too familiar. Instead of waiting by the side of the road for 20 minutes with your hand raised every time a car that appears to be a taxi passes (if it’s been an indulgent night out, this could include soliciting everything from horse-and-carriage to police vehicle), finally waving down a cab with a less-than-transparent pricing scheme, being dropped off at home while fumbling with your cash (why do NO taxis take credit cards?! We’re in the 21st century!), and finally exiting the vehicle after engaging in a 5-minute heated discussion with your driver about the appropriate tip amount, Uber has invented a better way. Thank God.

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