> nobody is thinking about getting rich expcept the foreign entrepreneurs.
What makes you think the foreign entrepreneurs are better than the local ones? I have not seen any such pattern in Startup Chile. In fact some of the best products (and teams) are Chilean.
I was under the impression that Startup Chile gives some preference/reservations to local teams.
In any selection process, any group that gets a boost due to irrelevant factors needs to meet a lower standard. Typically, a group of people meeting a lower standard will be inferior to a group of people meeting a higher standard.
Of course, if I'm wrong about Startup Chile boosting local teams, this reasoning wouldn't apply. Anyone know what their policies are?
In the first round no Chilean teams were allowed, second round they opened it up and now the rumor is they are moving towards more and more Chileans because, frankly, some foreign teams scam the system and go on a 6 month $40K holiday.
What makes you think the foreign entrepreneurs are better than the local ones? I have not seen any such pattern in Startup Chile. In fact some of the best products (and teams) are Chilean.