A Peek into Entrepreneurial Lisbon
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While traveling in Lisbon, I attended two meetups for entrepreneurs. This was my first peek into the entrepreneurial side of the city.
General Observations- Meetups in Lisbon are predominantly attended by English-speaking foreigners.
- Portugal offers a Golden Visa program: Foreigners can obtain citizenship in 4 years by investing €500,000 in real estate.
- There's no capital gains tax on cryptocurrency in Portugal.
- Americans can often stay in the Schengen zone beyond the typical 90-day limit without issues, except in Switzerland.
- Most bars in Lisbon offer only one type of beer, simply listed as "beer" on the menu.
- Project: New Socks City - sustainable socks made from ocean waste
- Challenges:
- High storefront rental costs in Lisbon
- Communicating sustainability message effectively to consumers
- Solution: Organizing pop-up markets for Lisbon makers
- Project: Datastake - SaaS solution for African data collection
- Goals:
- Improve access to quality data for businesses and NGOs
- Establish a marketplace for selling structured data
- Choosing Portugal for:
- Low corporate tax rate
- Preference for straightforward tax payment
- Background: Created 35 companies, 13 still running with 100M total revenue
- Current focus: Robotic warehouse automation
- Advice:
- "Choose business partners carefully"
- "Don't undervalue yourself as a software engineer"
- Project: YouTube channel "Chica Czecha" on education
- Insight: Online content creation is valuable for entrepreneurial careers
- Background: Sold a DNA testing company
- Current project: Estimating carbon footprint in supply chains
- Background: Sold an ed-tech company
- Current project: Complete online high school education
- Market insight: Varying acceptance of online education across EU countries
- Role: Undergrad in student entrepreneurship association
- Advice on startups: "Focus on the problem, not the business model initially"
- Insight on Portugal: Good for raising kids, but young people often leave
- Pedro: Indie video game developer, creator of Idle Paladin
- Jose: Hardware startup for predictive maintenance on molding machines
- Gabriel: Hardware startup helping blind people learn braille
- Background: Wine business owner
- Moved to Lisbon pre-Brexit to maintain EU status
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