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Perhaps the challenge is how to be smart about about investment. The - our money
the Uruguayan money - from families to government and university. How to work together in
order to further smarter and faster you know and learn.
People have to believe in startups. That startups are a way to create jobs and economic activity,
and basically raise the economic standing of the region, and number two they have to have some funds
to put behind that idea.
Maybe what we are needing, still, is the education like you can give money to the ecosystem but if then the
the entreprenuer doesn't know how to use that money well or it's not
doesn't have, the I mean, the skills and eh, the culture - so then we fail because
we're just spending money and spending badly.
You stop engineering and you stop developing you stop doing all this because the first thing they do is,
Oh this one customer told me that they want blue so let me go back to my engineers
and we're going to do a blue and, so, but then the next step until you wanted it
green. right, and so they just waste all this time.
They are required each week to present: this is who we interviewed, this is what we learned, this is what we're doing next
and it helps build that confidence that, A the process works, that you can do it too
and it is worthwhile to do it. um, it is fantastic, so it changes that mindset and part of
that is we get to a week where it's Market Type Market Size so its
how big is this market and they'll see other people going from, "oh I thought about doing this..
to "Wow, there is a whole world of it." You know, "I want to do something for travel and
cruise ships in Uruguay," well there's a whole world of cruise ships
Being in Silicon Valley, you know, knowing that the people are not that smart
are not smart-er than you, you're kind of playing in the same level, gives you that energy
and that inspiration to push forward.
The program with Berkeley was very valuable. We got the tools that allowed us to
finish our business. Haha - we gave you the tools that allowed you to close your business... and stop at the right numbers.
and maybe if I wouldn't of had that, eh, tools before, we, eh, wouldn't have lost that amount of money that we loosed.