If you´re planning on starting a business in Colombia or you´re expanding your operations into the country from abroad, knowing how to bridge the culture gap can seem to be somewhat of a minefield. Successfully gaining clients, building a network, and establishing a positive reputation locally are critical first steps when entering a new market, […]
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Without a doubt, 2020 has been a difficult year for all. Businesses and entire economies were halted, tested, and altered due to the unprecedented conditions and effects of the coronavirus. In November, the U.S. Congressional Research Service published its findings on the global economic effects of COVID-19. Within the report, researchers estimate the global economic
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Latin America’s business environment offers access to 650 million consumers with regional GDP growth of 2.4% in 2025, while cultural practices like high-context communication and workplace hierarchy shape daily operations. The region raised $4.5 billion in venture capital across 751 deals in 2025. FinTech accounts for 61% of investment. Mexico attracted $34.3 billion in FDI
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New ideas, innovation, invention, and passion all lay the solid foundation for one’s desire to form a startup. Establishing a startup company requires a great deal of tenacity, creativity, diligence, and savviness. Depending on the industry and/or market of the startup, there are different ‘rules’ to play by in order to be successful. Naturally, the
Craig’s Business Tips to Start Your Own Startup Company? Read More »
Nowadays, nearly all companies conduct business on a multinational, globalized scale. Latin America, specifically Colombia, is ripe with untapped opportunity and growing markets for expanding businesses. Now more than ever, foreign companies, entrepreneurs, and investors are moving to and/or starting businesses in Colombia. Expanding operations is no easy task though. Even with welcoming markets and
Craig’s Tips to Understand the Business Culture in Colombia? Read More »
Pursuing a career in entrepreneurship is a very exciting and rewarding path. It takes hard work, dedication, commitment, and perseverance to form and run a successful startup. When pursuing a startup in a foreign country, these traits must be twice the intensity. The StartupVC founder and CEO, Craig Dempsey, self-identified these traits when he was
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Colombia is one of the best places in Latin America to form a startup and do business. As the region’s fourth largest economy, Colombia has ample opportunity and support for entrepreneurs and established companies. Increasing annual GDP figures, multiple free trade and trade bloc agreements, and increasing levels of foreign direct investment in the country
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Becoming an entrepreneur in Colombia, and Latin America in general, is growing in popularity and attractiveness. With a GDP of $331 billion, Colombia’s economy is the fourth largest in Latin America. This large economy, plus handfuls of free trade agreements, trade blocs, and government-funded “startup supporters,” make Colombia a very attractive market for entrepreneurs. Not
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Latin America’s startup ecosystem attracted $4.5 billion in venture capital across 751 deals in 2024. Fintech captured 61% of total investment. Mexico City now hosts over 300,000 tech professionals, making it Latin America’s largest talent hub. Sao Paulo, Buenos Aires, Bogota, and Santiago round out the top five startup cities. Repeat founders receive 42% of