This content was created by GHION.AI . This content was uploaded by GHION.AI . This is a YouTube video titled "Juan Andrés Fontaine: Chile and Venture Capital" featuring a discussion from November 29, 2010, about the venture capital landscape in Chile, including the role of government support and the importance of good ideas attracting investment.
Chapters
There are other things that are very important in this culture here. One is that we have a strong venture capital risk. Capital investments. People are willing to put money down on ideas that are really, really new, that are really pretty risky. Does that exist in Chile?
Yes. We have a young venture capital industry that is supported by corfo, the development agency of the government. And it is working. They have money. They have close to $300 million not yet invested. Because they complain that there are no enough projects or not enough entrepreneurs in Chile. Although some entrepreneurs complain the other way around. So we have the elements there. I tend to think in general, although venture capital is very important, clearly. But one have to be clear in this. I think that actually money follows good ideas and it's not the other way around. So the crucial thing is to have the good ideas. When you have the good idea, money is going to come in. And we do have a capital market that is capable of doing that, I think partially. And of course, there is a world market also. We can access to Silicon Valley or to Wall street or whatever and get financing there.
