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Cultural Realities Of Latin American Entrepreneurship | TechCrunch
// In Latin America, the fundamental cultural impediment to creating a sustainable entrepreneurial ecosystem is lack of individual risk-taking. While this is true at the entrepreneurial level, it is not a crucial element due to other factors compensating – primarily the attraction of the Silicon Valley lifestyle. However, this is not true in the investor layer, and thus a crucial piece of the infrastructure – the post-startup financing – is severely underdeveloped. The cultural factors here are clear: lack of comfort with technology, group decision-making, long decision-making cycles, desire for control and severe discomfort with failure result in an anemic investment community.
Germany  Start-Up  lesson  Start-Up  advice  culture  society  failure  iteration  experiment  experimentation  Berlin  Start-Up  Scene  public  image  public  perception  Mittelstand  entrepreneurship  entrepreneur  risk  taking  risk  aversion  Silicon  Valley  economies  of  agglomeration  ecosystem  environment  work  environment  network  effect  communication  technology 
september 2014 by asterisk2a

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