"it's not a bad deal but you're completely missing the point of taking money from american or european 'bootstrap' companies"
Maybe. But they're not mutually exclusive and maybe the Chilean fund even helps with the startup incubators, because you can apply to something like YC or Techstars afterwards if you still have 100% equity to give away. Plus the good programs have gotten so competitive that it's harder to get in with just an idea, it's better to show traction and customer validation first.
As someone that interviewed for YC this week and didn't make it in, I can say that going to the Chilean program appeals to me for exactly those reasons, since I'd be able to reapply to YC after having worked on my project (stacyplease.com) full-time rather than continuing to burn nights and weekends.
Maybe. But they're not mutually exclusive and maybe the Chilean fund even helps with the startup incubators, because you can apply to something like YC or Techstars afterwards if you still have 100% equity to give away. Plus the good programs have gotten so competitive that it's harder to get in with just an idea, it's better to show traction and customer validation first.
As someone that interviewed for YC this week and didn't make it in, I can say that going to the Chilean program appeals to me for exactly those reasons, since I'd be able to reapply to YC after having worked on my project (stacyplease.com) full-time rather than continuing to burn nights and weekends.