State of the Mexican Startups 2017 - Survey Results

The Mexican startup ecosystem is rapidly evolving and despite the vast amount of information and research on the space, most focus on quantitative aspects such as fundraising rounds or number of deals. As a founder-centered fund, we believe it is key to have an insight on the perspective of Mexican founders.

Transcript

1. Startups
2. respondents
3. CEO, Founder or both? <21 22-25 26-30 31-35 36-40 41-50 51+
4. female or male?
5. company
6. your company?
7. platform
8. platform company headquartered? Mexico, DF Guadalajara Monterrey Other city in Mexico Other country in Latam
9. internationally? international presence 1 2 3 4 5 Not important Very important
10. to become profitable?
11. fundraising
12. last funding round? bridge round?
13. bridge round? last round of funding? Not applicable Internal Round <3 3-5 6-10 11-20 21-30 31+
14. long Not applicable <1 month 1 month 2 months 3 months 4 months 4+ months harder or easier Much harder Somewhat harder Neither harder nor easier Somewhat easier Much easier
15. exits
16. your IPO? think the M&A market
17. advisors
18. (including options)? equity did you give to each of your advisors We don't offer equity to advisors 0.01%-0.20% 0.21%-0.40% 0.41%-0.60% 0.61%-0.80% 0.81%-1.00% 1.01%-1.20% 1.61%-1.80% 2.01%+
19. founders
20. founders relationship
21. compensation
22. midlevel <15,000 MXN / month 15,001-30,000 MXN / month 30,001-45,000 MXN / month 45,001-70,000 MXN / month 70,001-100,000 MXN / month equity 0.00%-0.20% 0.21%-0.40% 0.41%-0.60% 0.61%-0.80% 0.81%-1.00% 1.01%-1.20% 1.41%-1.60% 1.81%-2.00% 2.01%-2.20% 2.21%+
23. exercise Can't exercise Immediately 30 days 3 months 6 months 12 months 1 to 3 years policy selling secondary shares?
24. hiring firing
25. performance average tenure of a non-executive Too early <1 year 1-2 years 2-3 years 3-4 years 4-5 years
26. hire in the next 12 months? most critical hire Finance Junior Finance Senior HR Senior Engineering Junior Engineering Senior Operations Junior Operations Senior Product Junior Product Senior Sales Junior Sales Senior Marketing Junior Marketing Senior
27. the hardest executive hire HR leader Design leader Engineering leader Marketing leader Sales leader Product leader
28. diversity
29. male to female ratio strategy to promote diversity and inclusiveness?
30. percentage of your team is engineering?
31. culture
32. time remotely?
33. complimentary meals Breakfast Lunch Dinner Snacks Never Most weekdays Everyday price per month per square meter