Brazil: A look into Latin America’s largest startup ecosystem (2017)
I&#x27;m Brazilian and I tried building a company there after two successful products both in the EU and US.<p>Brazil simply doesn&#x27;t have the culture that&#x27;s necessary to foster a startup ecosystem.<p>Chile is in a much better position to be that sort of local leader, but still only relatively.<p>And it&#x27;s not something you can change by prosecuting corrupt politicians - it goes all the way back to our colonial heritage, and the crookedness and &quot;classicism&quot; will always hinder the progress of companies and, more sadly, great engineers and entrepneurs.<p>This stereotype that &quot;we&#x27;re the most creative&quot; is just another self entitlement like soccer or beautiful women that may build a brand, but certainly doesn&#x27;t represent reality or live it up to its expectations.<p>I&#x27;ve come to realize that a Brazilian in power is often a synonym of extreme arrogance, shallowness, selfishness and an unbearable classicism that leads to an unfathomable mistreatment of both customers and employees.<p>It&#x27;s unlike any other elites from the western world. It might compare to some countries in Africa.<p>If you&#x27;re an investor thinking about Brazil , either understand and live by that culture or lose your money. They won&#x27;t change the habits they gathered for a lifetime just because you have money or moral authority.<p>If you&#x27;re Brazilian and talented, either as an engineer or entrepreneur, get out. Look for jobs remotely, incorporate a company in another country, find a market fit in a healthy economy that selects based on the productivity, efficiency and quality of your work.<p>Don&#x27;t gamble your potential, talent and safety for the sake of FOMO on companies that rich, talentless, spoiled kids built with family money, and even our own (as taxpayers).