{"id":25481,"date":"2015-12-07T05:00:31","date_gmt":"2015-12-07T12:00:31","guid":{"rendered":"https:\/\/tested-neuron.flywheelsites.com\/?p=25481"},"modified":"2016-01-23T13:26:55","modified_gmt":"2016-01-23T20:26:55","slug":"unreasonable-mexico-2015-series","status":"publish","type":"post","link":"https:\/\/unreasonablegroup.com\/articles\/unreasonable-mexico-2015-series\/","title":{"rendered":"How TACOs are Powering Mexican Entrepreneurs"},"content":{"rendered":"<p><em>This post is the first of a <a href=\"https:\/\/wary-sunlight.flywheelsites.com\/category\/program\/unreasonable_mexico\/mexico-2015\/\" target=\"_blank\">series<\/a> of stories featuring the entrepreneurs who participated in <a href=\"http:\/\/unreasonablemexico.org\/\" target=\"_blank\">Unreasonable Mexico<\/a>\u2019s 2015 program.<br \/>\n<\/em><\/p>\n<hr \/>\n<p><strong>According to Goldman Sachs, Mexico<\/strong> will represent the <a href=\"http:\/\/techcrunch.com\/2015\/03\/26\/beyond-the-maquiladora-a-look-at-mexicos-startup-scene\/\" target=\"_blank\">world\u2019s fifth largest economy<\/a> by 2050. In late March 2015, TechCrunch published an <a href=\"http:\/\/techcrunch.com\/2015\/03\/26\/beyond-the-maquiladora-a-look-at-mexicos-startup-scene\/\" target=\"_blank\">article<\/a> outlining the Aztec startup scene, stating that as we are \u201cmoving out of the maquiladora manufacturers and free trade zones in the process of building the world\u2019s next great economy, technology and innovation will be a part of the foundation of that economy.\u201d This is exciting news for Mexico.<\/p>\n<blockquote class=\"left\"><p>By 2050, Mexico will represent the world&#8217;s fifth largest economy.<span id=\"tweetquote\"><a href=\"https:\/\/twitter.com\/intent\/tweet?url=http:\/\/bit.ly\/1ToeYtA&amp;via=unreasonable&amp;hashtags=entrepreneurship&amp;text=&quot;By 2050, Mexico will represent world's fifth largest economy&quot; @UnreasonableMx\"><i class=\"fa fa-twitter\"><\/i> Tweet This Quote<\/a><\/span><\/p><\/blockquote>\n<p>We can actually feel this innovation rush happening now. October welcomed the <a href=\"http:\/\/semanadelemprendedor.gob.mx\/\" target=\"_blank\">National Entrepreneur Week<\/a> (hosted by the Entrepreneur Bureau, recently created by the Mexican government). More than 70,000 entrepreneurs and aspiring entrepreneurs took part in this gathering that linked them with potential investors. <\/p>\n<p>Additionally, the Mexican Association of PE &#038; VC Funds (<a href=\"http:\/\/en.amexcap.com\/nav\/about-amexcap\/\" target=\"_blank\">Amexcap<\/a>) has raised around 25 billion USD in funding in the last decade to support growing companies. Around 50 Startup Weekend events are held each year across the country. Just this past month, three huge entrepreneurship festivals occurred in the cities of Guadalajara, Monterrey and San Miguel de Allende, showing that the startup scene is little by little growing outside the boundaries of Mexico City. <\/p>\n<blockquote class=\"right\"><p>Entrepreneurship is hot right now in Mexico, and there are a ton of problems to solve.<span id=\"tweetquote\"><a href=\"https:\/\/twitter.com\/intent\/tweet?url=http:\/\/bit.ly\/1ToeYtA&amp;via=unreasonable&amp;text=&quot;Entrepreneurship is hot right now in Mexico, with tons of problems to solve&quot; @UnreasonableMx\"><i class=\"fa fa-twitter\"><\/i> Tweet This Quote<\/a><\/span><\/p><\/blockquote>\n<p>So, as you can see, entrepreneurship is hot right now in Mexico. And it\u2019s no surprise\u2014the basic premise of starting a company is to solve problems. But despite all of the optimism, there are still a ton of problems to solve in Mexico. <\/p>\n<p>For instance, Mexico ranked the <a href=\"http:\/\/www.forbes.com\/sites\/doliaestevez\/2014\/12\/11\/mexico-among-the-worlds-most-corrupt-nations-in-2014-new-report-says\/\" target=\"_blank\">most corrupt country in the OECD<\/a>. The <a href=\"http:\/\/www.worldbank.org\/en\/programs\/globalfindex\" target=\"_blank\">Global Findex Database<\/a> by the World Bank positions Mexico as a country where 30% of the poorest people still lack access to bank accounts. Even though the number of teachers in public schools has dramatically increased in the last couple of years, Mexico\u2019s 15-year old students <a href=\"http:\/\/www.cnnexpansion.com\/economia\/2015\/06\/05\/ocde-reprueba-la-educacion-en-mexico-graficas-de-la-semana\" target=\"_blank\">still rank last in mathematics, reading and science<\/a>, according to the OECD\u2019s Programme for International Student Assessment trials.<\/p>\n<p>If both the number of entrepreneurs and the number of problems are growing fast, we ought to inspire and support even more unreasonable people willing to put their energy into solving Mexico\u2019s Big F$%&#038;g Problems. Over the past couple of years working with Unreasonable fellows, we developed an acronym that properly captures the Unreasonable Mexico mindset. We call it TACO.<\/p>\n<h2>Think big (or don\u2019t waste your time)<\/h2>\n<p>Mexico\u2019s problems alone represent a ton of opportunities\u2014<a href=\"http:\/\/www.telesurtv.net\/english\/news\/Mexicos-Extreme-Inequality-1-Owns-Half-of-Countrys-Wealth-20150625-0034.html\" target=\"_blank\">53 million people live in poverty<\/a>. But a Mexican entrepreneur should be thinking about all of Latin America from the start. The same language, similar cultural traditions and barriers could lead to designing a product applicable to several other geographical contexts. <\/p>\n<blockquote class=\"left\"><p>With similar language and culture, Mexican entrepreneurs should think about designing products for all of Latin America from the start.<span id=\"tweetquote\"><a href=\"https:\/\/twitter.com\/intent\/tweet?url=http:\/\/bit.ly\/1ToeYtA&amp;via=unreasonable&amp;text=&quot;Mexican entrepreneurs must consider designing for all Latin America from start&quot; @UnreasonableMx\"><i class=\"fa fa-twitter\"><\/i> Tweet This Quote<\/a><\/span><\/p><\/blockquote>\n<p>But why stop with Latin America? The United States Latino population will soon have 1.5 trillion USD in buying power. Can we also export models to solve BFP\u2019s in the U.S.\u2019s \u201cnostalgia market\u201d (meaning all of the Mexicans living abroad)? Unreasonable 2014 fellows from <a href=\"https:\/\/wary-sunlight.flywheelsites.com\/flor-de-mayo\/\" target=\"_blank\">Flor de Mayo<\/a> have grown their impact 10X since last year, now providing jobs to more than 120 artisans in Puebla. To continue to scale, their new focus is selling their amazing shirts in America. A bigger market with a bigger purchasing capacity leads to a bigger impact. <\/p>\n<h2>Ask for help<\/h2>\n<p>After a 5-week intensive program, our Unreasonable fellows go back home to implement what they\u2019ve learned. Three months after our second institute, we\u2019ve seen a common pattern of those who are actually having results regarding fundraising and income generation\u2014they ask for help. The image of the solo entrepreneur who can solve all world challenges just doesn\u2019t work. <\/p>\n<blockquote class=\"right\"><p>The image of the solo entrepreneur who can solve all world challenges just doesn\u2019t work.<span id=\"tweetquote\"><a href=\"https:\/\/twitter.com\/intent\/tweet?url=http:\/\/bit.ly\/1ToeYtA&amp;via=unreasonable&amp;text=&quot;A solo entrepreneur who solves all world problems just doesn\u2019t work\u2014ask for help&quot; @UnreasonableMx\"><i class=\"fa fa-twitter\"><\/i> Tweet This Quote<\/a><\/span><\/p><\/blockquote>\n<p>Asking for help has led Unreasonable Mexico 2015 fellow, <a href=\"http:\/\/ncite.mx\/\" target=\"_blank\">Ncite<\/a>, to pivot their educational video game model entirely. With the help of Unreasonable Mentor <a href=\"https:\/\/www.linkedin.com\/in\/arturogalvan\" target=\"_blank\">Arturo Galv\u00e1n<\/a> (internet pioneer in Mexico), they are now aiming to become an iTunes for educational video games. <\/p>\n<h2>Community is everything<\/h2>\n<p>Amazing connections have sprouted after both our Unreasonable cohorts. A potential shared project between <a href=\"http:\/\/sahna.org\/en\/\" target=\"_blank\">Sahna<\/a> (doing preventive health in corporations) and <a href=\"http:\/\/www.wedoctors.mx\/\" target=\"_blank\">WeDoctors<\/a> (telemedicine platform) is starting to develop. <a href=\"http:\/\/dertek.com.mx\/\" target=\"_blank\">DerTek<\/a> (producing biodiesel and creating rural jobs) is sharing hectares with <a href=\"http:\/\/www.kukua.com.mx\/\" target=\"_blank\">Kukua<\/a> (proving jobs for women and improving nutrition by growing Moringa) for experimentation. <\/p>\n<p>A traditional Mexican folk saying states, \u201cM\u00e1s vale solo que mal acompa\u00f1ado.\u201d It translates to, \u201cIt\u2019s better to be alone than with bad company.\u201d But we propose a new one: \u201cBe damn sure to surround yourself with good company.\u201d<\/p>\n<blockquote class=\"center\"><p>Be damn sure to surround yourself with good company.<span id=\"tweetquote\"><a href=\"https:\/\/twitter.com\/intent\/tweet?url=http:\/\/bit.ly\/1ToeYtA&amp;via=unreasonable&amp;hashtags=entrepreneurship&amp;text=&quot;Be damn sure to surround yourself with good company&quot; @UnreasonableMx\"><i class=\"fa fa-twitter\"><\/i> Tweet This Quote<\/a><\/span><\/p><\/blockquote>\n<h2>Overrun failure<\/h2>\n<p>Historically, Mexican entrepreneurs are risk averse, as our society punishes failure in general. But our need to implement effective impact models implies high risks. It took around 15 years for <a href=\"https:\/\/en.wikipedia.org\/wiki\/Compartamos_Banco\" target=\"_blank\">Banco Compartamos<\/a> (co-founded by Unreasonable Mentor Ivan Mancillas) to serve its first million users through microfinance in Mexico and Latin America. Twenty years ago, when they started thinking of lending money to poor people without guarantees, everyone doomed them to failure. For most people, the idea was simply outrageous. Today, they serve three million customers. They took their chances while being misunderstood. Want to be unreasonable? Get that straight.<\/p>\n<blockquote class=\"left\"><p>Being an entrepreneur means taking chances even if you&#8217;re misunderstood.<span id=\"tweetquote\"><a href=\"https:\/\/twitter.com\/intent\/tweet?url=http:\/\/bit.ly\/1ToeYtA&amp;via=unreasonable&amp;text=&quot;Being an entrepreneur requires taking chances even if you're misunderstood&quot; @UnreasonableMx\"><i class=\"fa fa-twitter\"><\/i> Tweet This Quote<\/a><\/span><\/p><\/blockquote>\n<p>We are excited to share the stories of Mexican entrepreneurs who everyday obsess with working to tackle Mexico\u2019s toughest challenges. So far, working with 22 ventures has been truly inspiring. Collectively, our 2014 cohort has raised more than 2.2 million USD in funding so far, increased their sales 2.7X and increased the number of customers and beneficiaries 2.4x. They are rocking it. <\/p>\n<p>Our dream for Unreasonable Mexico is that every cohort\u2019s impact grows bigger and bigger, and our hope is that these stories about the 2015 ventures inspire thousands of other entrepreneurs to get their hands dirty. We definitely need it, and these entrepreneurs are capable of doing it. <\/p>\n<h3 style=\"text-align: center;\">Love Unreasonable Mexico?<\/h3>\n<p style=\"text-align: center;\"><a class=\"mks_button mks_button_large rounded\" style=\"color: #ffffff; background-color: #eb1478;\" href=\"http:\/\/unreasonablemexico.org\/\" target=\"_blank\">Be Damn Sure to Learn More Here!<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By 2050, Mexico will represent the world\u2019s fifth largest economy. But over 50 million people still live in poverty. These entrepreneurs are changing the way Mexico does business.<\/p>\n","protected":false},"author":160,"featured_media":25482,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[476,1560,2089,2494,1539,1516],"tags":[42,2196,1460,2501,1945,97,2503,1942,2502,1952],"class_list":["post-25481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-article","category-economy","category-employment","category-mexico-2015","category-unreasonable_mexico","category-starting-up","tag-community","tag-entrepreneurs","tag-future","tag-jose-medina","tag-mentors","tag-mexico","tag-series","tag-startup","tag-taco","tag-unreasonable-mexico"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How TACOs are Powering Mexican Entrepreneurs - UNREASONABLE<\/title>\n<meta name=\"description\" content=\"By 2050, Mexico will represent the world\u2019s fifth largest economy. 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