South American Adventures

Taking flying leaps into the unknown

End of a long weekend

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In Chile September 18 is a public holiday to commemorate the war of independence. Its a week where Chile goes on holiday, heads to the coast to grill meat and drink piscos, beers and terremotos. imagesWith Fundacity we did the same and all 6 of us could make it. Fantastic time. We bought almost 10kg of meat and alcohol. 2 days straight we grilled for breakfast, lunch and dinner. It was quite an epic holiday. It was also a great bonding experience for the team. I used to always view team building days as totally corporate BS but I now realize that it is great and essential for a healthy team dynamic.

Terremotos deserve their special mention. Terremoto literally translates as ‘Earthquake’…the name speaks for itself. It’s made of pipeño (a type of sweet fermented wine) and pineapple ice-cream served in a one-litre glass. Yes it sounds quite ridiculous I agree but be forewarned: it must be handled with care. 🙂

We came back on Friday and I literally spent the whole weekend relaxing and keeping away from emails. This is the first time in a year that I managed to do this. Frankly I really needed it as I feel very low on energy since coming back from Europe. The Europe business trip left me completely spent. I am still trying to get back on the energy wave with vitamins, exercise and better diet. The temporary living conditions aren’t helping, but only few days left in this apartment.

Today, Sunday, making use of the fantastic weather, I charged my phone with some itunes podcasts on the new startup fad called Growth Hacking, and biked for 1.5 hours. I covered 21km. It was pretty epic.

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The coming week is going to be very busy and I am not looking forward to it. The Junior World Entrepreneurship Forum is taking place on Fri/Sat. We have been planning this event for months and expectations are high and I am getting quite anxious. With Fundacity we need to:

  • finalize our contract with our incubator as we are doing a group structure reorganization;
  • finalize our new budget with CORFO as our cost structure has changed along with our pivot;
  • organize a workshop we are holding on Thursday called “Hacking your Fundraising”;
  • finalize our client terms and conditions and have it signed by our first client;
  • test and validate our monetization model;
  • finalize the next fundraising with 2 new investors;
  • and request our next drawdawn from our government grant; and
  • launch a new product offering related to crowd funding that we developed last week.

Oh, almost forgot, I am flying to Brazil on Saturday and I need to move out of my flat and pack!!….Jeez

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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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