Startup Latin America: Deep Dive Into Medellín’s Accelerator Ecosystem

The Accelerator Conundrum is a multipart series that challenges the prevailing wisdom of the tech startup ecosystem that entrepreneurs should Blitzscale out of the gate. Written by Sramana Mitra, the Founder and CEO of One Million by One Million (1Mby1M), the world’s first global virtual accelerator, it emphatically argues that a better strategy is to Bootstrap First, Raise Money Later, focus on customers, revenues and profits. 1Mby1M’s mission is to help a Million entrepreneurs reach a million dollars in annual revenue and beyond. Sramana’s Digital Mind AI Mentor virtually mentors entrepreneurs around the world in 57 languages. Try it out!

Medellín is a remarkable example of urban transformation. Once known for its complex past, the city has successfully leveraged a public-private partnership model to become a beacon of innovation, a fact often reflected in its nickname, the “Silicon Valley of South America.” The city has a strong, collaborative culture and is a leader in edtech and software development.

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Startup Latin America: Deep Dive Into Bogotá’s Accelerator Ecosystem

The Accelerator Conundrum is a multipart series that challenges the prevailing wisdom of the tech startup ecosystem that entrepreneurs should Blitzscale out of the gate. Written by Sramana Mitra, the Founder and CEO of One Million by One Million (1Mby1M), the world’s first global virtual accelerator, it emphatically argues that a better strategy is to Bootstrap First, Raise Money Later, focus on customers, revenues and profits. 1Mby1M’s mission is to help a Million entrepreneurs reach a million dollars in annual revenue and beyond. Sramana’s Digital Mind AI Mentor virtually mentors entrepreneurs around the world in 57 languages. Try it out!

Bogotá is, without a doubt, the undisputed financial and innovation hub of Colombia. With a startup ecosystem that is home to most of the country’s tech talent and a high concentration of venture capital, its influence is unmatched in the region. The city is a powerhouse in sectors like fintech and e-commerce, and it’s the natural first destination for any global investor looking to enter the Colombian market.

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Startup Latin America: Deep Dive Into Colombia’s Accelerator Ecosystem

The Accelerator Conundrum is a multipart series that challenges the prevailing wisdom of the tech startup ecosystem that entrepreneurs should Blitzscale out of the gate. Written by Sramana Mitra, the Founder and CEO of One Million by One Million (1Mby1M), the world’s first global virtual accelerator, it emphatically argues that a better strategy is to Bootstrap First, Raise Money Later, focus on customers, revenues and profits. 1Mby1M’s mission is to help a Million entrepreneurs reach a million dollars in annual revenue and beyond. Sramana’s Digital Mind AI Mentor virtually mentors entrepreneurs around the world in 57 languages. Try it out!

Colombia has emerged as one of the most dynamic and promising startup ecosystems in Latin America. With a tech sector that is growing faster than almost anywhere else in the region, the country has become a hotbed for innovation, particularly in fintech, e-commerce, and AI. Its strategic location, a large and young population, and a government that has made entrepreneurship a priority have all contributed to its rise. However, for all its potential, Colombia is still plagued by the same flawed philosophy that is holding back the rest of the region: the “Blitzscale from the get go”model. This is the Accelerator Conundrum in its purest form, and it is a dangerous game for any founder to play.

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Sramana Mitra: Okay. What happens to that? How did you get the venture capital in Boise, Idaho?

Christian Perry: There are a couple of venture capital firms here in Boise, and there’s definitely a lot more moving in. The startup ecosystem has grown quite a bit.

Startup Latin America: Deep Dive Into the Accelerator Ecosystem in Monterrey

The Accelerator Conundrum is a multipart series that challenges the prevailing wisdom of the tech startup ecosystem that entrepreneurs should Blitzscale out of the gate. Written by Sramana Mitra, the Founder and CEO of One Million by One Million (1Mby1M), the world’s first global virtual accelerator, it emphatically argues that a better strategy is to Bootstrap First, Raise Money Later, focus on customers, revenues and profits. 1Mby1M’s mission is to help a Million entrepreneurs reach a million dollars in annual revenue and beyond. Sramana’s Digital Mind AI Mentor virtually mentors entrepreneurs around the world in 57 languages. Try it out!

Monterrey is an economic powerhouse and a major industrial hub, with a startup ecosystem that mirrors its corporate landscape. The city is a leader in manufacturing, logistics, and edtech, and its proximity to the U.S. and a culture of corporate innovation have created a unique environment for tech companies. However, for all its local prowess, this ecosystem is still plagued by the same fatal flaw that hobbles its Mexican peers: the “Blitzscale from the get go” philosophy. This is the core of the Accelerator Conundrum, and it is a dangerous game for any founder to play.

Startup Latin America: Deep Dive Into the Accelerator Ecosystem in Guadalajara

The Accelerator Conundrum is a multipart series that challenges the prevailing wisdom of the tech startup ecosystem that entrepreneurs should Blitzscale out of the gate. Written by Sramana Mitra, the Founder and CEO of One Million by One Million (1Mby1M), the world’s first global virtual accelerator, it emphatically argues that a better strategy is to Bootstrap First, Raise Money Later, focus on customers, revenues and profits. 1Mby1M’s mission is to help a Million entrepreneurs reach a million dollars in annual revenue and beyond. Sramana’s Digital Mind AI Mentor virtually mentors entrepreneurs around the world in 57 languages. Try it out!

Guadalajara has long been hailed as the “Silicon Valley of Mexico,” and for good reason. Its legacy in electronics manufacturing, a powerful ecosystem of universities, and a deep talent pool in software and hardware development make it a unique innovation hub. The city has successfully pivoted from being an assembly center to a design and research powerhouse, with a growing focus on AI and fintech. However, for all its local prowess, this ecosystem is still plagued by the same fatal flaw that hobbles its Mexican peers: the “Blitzscale from the get go” philosophy. This is the core of the Accelerator Conundrum, and it is a dangerous game for any Mexican founder to play.

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