We invest $65,000 USD. In simple terms, we give you $50,000 USD in cash and $15,000 worth of services in exchange for 10% of your company. Those $50,000 USD in cash are yours to invest however you decide, if we want to back you is because we believe you are the right person to take those decisions. The $15,000 USD in services include:
Why is this whole thing in English if you are targeting Spanish speaking LatAm?
We are a global company, HQ´ed in Silicon Valley and most of our mentors speak English. You will need to be fluent in English to take the most out of our program.
When is the application due?
When does the program start/end?
We´ll start in July and plan to end by late November. The duration of the program is around 20 weeks.
Do I need an AngelList account in order to apply?
Yes, it´s important that at the time you apply you have an account up and running as it helps us to be always updated on your company´s status. This account will also be required to interact with the rest of the 500 Family.
Can I apply from anywhere in the world?
Yes. As long as you are willing to relocate to Mexico City for the duration of the program you can apply while sipping a Mojito in Cuba or hiking the Kilimanjaro in Tanzania.
Does my company need to be incorporated at the time of the application?
It is not a requirement that you do this prior to application but we´ll expect you to do it at the time of acceptance. Beware we will only be able to invest once you have done this in fully.
Can I participate in the program while undertaking other activities?
Not really. Being 100% devoted to your company is a must for us to invest.
What if I have even more questions?
Reach out! Send us an email.