South American Adventures

Taking flying leaps into the unknown

Things have started to kickoff

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I am happy to report that this Wednesday things have started to kickoff with the Statup Chile meetup. 150+ entrepreneurs attended. It was a great opportunity to network and learn what cool things people are developing. As expected many are developing mobile apps. However I met a Chilean team that was looking to develop a new educational toy that combines sports and music. I spoke to several local entrepreneurs that were in the process of submitting their pitches to SUP Chile and they were eager to get my assistance in reviewing their proposals. Given many of these teams spoke very little English I think I could deliver value by proofreading their presentations. I gave them my business card. I hope this will bear fruit and they will get in touch.

Yesterday, I attended an expat night out organised by Internations. This had 200+ attendees from a wide range of sectors. Here too I connected with several interesting business people. I will have followup meetings with Brad (an entrepreneur looking to establish a VC/incubator here apparently he has committed funding from 3 VCs based in San Fran), Pablo (a business person that imports everyday items from China) and Andres (a corporate lawyer who will connect me with his friend that is currently developing a startup idea). Of course the night was also fun with lots of dancing and drinks. I’m looking forward to the next one.

The most significant progress is that I have my first piece of financial analysis to do for a startup. This startup is looking to recruit a financial controller. The founder and current CEO, sent me their financial reports to glance over, check and do some analysis on. This is a test to see my aptitude in matters of accounting, finance and management reporting. Its wonderful to have some work.

Have a nice weekend everyone.


Author: Miklos Grof

Miklos is the CEO and co-founder of Fundacity. Fundacity is making startups investing easier. Fundacity already supports all the notable accelerators in LatAm in their startup selection and management and they are expanding rapidly across Asia-Pacific and Europe. With the recently launched Fundacity Investments Clubs it seeks to simplify the startup investing process in emerging markets and make it accessible to more people. Miklos has unique and extensive experience in start-up formation, business development and venture financing. He has raised and evaluated investment offers in venture capital from angels and VCs from three continents for a variety of deals. He thrives at launching businesses and making sales in new geographies. Miklos currently serves as a financial advisor and mentor for various start-ups including Taggify (an online contextual advertising company based in New York and Buenos Aires). At Taggify, Miklos advises on fundraising, financial reporting to the board of investors, tax filling and cash flow management. Miklos completed his MsC in Finance at the London School of Economics and previously worked in corporate finance at PricewaterhouseCoopers in London, fund sales at UniCredit Vienna and economic research at Erste Bank Budapest. He is a Chartered Accountant with the ICAEW, Institute of Chartered Accountant England and Whales and is quinti-lingual. He is passionate about startups and entrepreneurship and spends his free time engaging with the startup community.

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