[Animats]

From the article: "Most of these acquisitions appear to be “acquihire”-type deals, and the terms are undisclosed."

"Only about 1% of Startup Chile companies have completed a Series A (or greater). For these companies, the average time from founding to A round is 2.25 years. Three companies have reached B (SaferTaxi, Cabify, Opendoor), and Cabify reached C. It’s worth noting both of these companies are taxi-on-demand."

"< 1% of it’s companies have achieved a liquidity event."

The success that isn't a cab company, Opendoor, is basically an AirBnB copy. Uber is moving into Chile and seems to be beating SaferTaxi.

That's disappointing.

[tdylan]

Why is it disappointing?