by ebun on 1/4/11, 2:55 PM with 16 comments
by DanielBMarkham on 1/4/11, 6:09 PM
So Steve's statement about the culture not accepting failure was a red flag. His statement that the government was the prime investor was another red flag. (Governments are notorious for not admitting failure. To do so would challenge the their authority and ability) And once he said that bankruptcy laws there were draconian? The red alert started going off. It's simply non-doable.
It's a shame. I love the scenery, and the people are terrific. But a million small failures make a great success, and if you can't fail easily, quickly, and learn from it? You're never going to develop much of anything.
by shawnee_ on 1/4/11, 3:34 PM
Given the interesting things going on in the engineering labs I visited and the startups I met, one would have thought the place would have been crawling with VC’s fighting over deals. Instead it felt like the government – through CORFO - was doing most of the risk capital investing.
Not ideal, but better than nothing. Capitalism can get the most solid footing as a sustainable economic system when there is minimal government involvement. Need wealth to create and fuel more wealth.
by daniel-cussen on 1/4/11, 3:56 PM
by do on 1/4/11, 5:56 PM
It seems that one good way to inject innovation is to introduce companies that can employ young, entrepreneurial Chileans and set examples they can follow in future ventures.
by mikeryan on 1/4/11, 4:42 PM
Create a newer, better ecosystem for entrepreneurs. You're pretty much destined to fail if you try to replicate SV. Move the goal posts to something else.
by statsuno on 1/7/11, 4:54 PM
by euroclydon on 1/4/11, 7:23 PM