SouthCombinator’s Blog

The Illusions of Entrepreneurship: The Costly Myths That Entrepreneurs, Investors, and Policy Makers Live By

Posted in Info, Tesis, VC by Streema on 06/07/2010

Esta vez escribo acerca de un libro que me gustó y ayudó mucho con el trabajo: The Illusions of Entrepreneurship: The Costly Myths That Entrepreneurs, Investors, and Policy Makers Live By” de Scott Shane.

El mismo, como bien el título lo dice, desmitifica un monton de ideas y cifras que se utilizan para describir los resultados del emprendedorismo. Si bien todos los datos estan tomados de USA, seguramente los mismos sean aplicables a otros países. En sus propias palabras:

Entrepreneurship is central to the success of a capitalist economy. But the formation of the typical start-up is not. The fine print that many people seem to miss is that new company formation per see isn’t what matters; rather it’s the creation of a small number of super-high-potential new companies, which among them generate almost all the economic growth and job and wealth creation that comes from having an entrepreneurial economy.


Instead of believing naively that all entrepreneurship is good, we need to recognize that only a select few entrepreneurs will create the businesses that will take people out of poverty, encourage innovation, create jobs, reduce unemployment, make markets more competitive, and enhance economic growth.

Les recomiendo que lo lean, fue de gran fundamento para SouthCombinator.

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Welcome to the SouthCombinator’s Blog!

Posted in SouthCombinator, Tesis by Juan on 06/02/2009

//// Este articulo fue escrito en Español debajo como “Bienvenidos al SouthCombinator’s Blog” ///

Here I’m writing the first post for The SouthCombinator Blog. For the people who do not know what this is all about, I’ll explain it from the very beginning so everything is better understood.

My name is Juan Trouilh, I studied Industrial Engineering at ITBA (Instituto Tecnológico de Buenos Aires), and, in order to end my studies, I have to write a thesis with the following guidelines (Spanish only). So far, so good, but as you may know or imagine, just like choosing your career is not an easy task when you finish high school, neither is to choose a thesis topic.

In my case, on one hand, I didn’t want to end up writing the typical and boring business plan or a “NASA” thesis (mostly because of time); and it might have been because in the last years I’ve been in touch with this topic, or because I’m a big fan of the ideas and how Paul Graham writes, but the thing is I think that something that should be done even more is to create new companies, so that’s what I’m going to research about.

I don’t want too long with this because it is what my thesis will be about, but the important thing to say is that I’ll be studying SouthCombinator: a VC firm in a developing country, specialized in funding early stage software start-ups.

I know that it might not be understandable, even more if you’ve never heard about this field, but if you continue reading this blog, you’ll probably learn more about it. :)

It is important to make clear that SouthCombinator is a company that does not exist for now, although it could in the future, but it will be the basis of the thesis.

Ok, I’ll close this post here because if not it is going to get too long, but, before doing it, I want to invite you to participate, from leaving a message, to writing me with any idea or suggestion you have – my email is juan at .

One more thing! To stay in touch with what I write in this blog (I don’t think I’ll do this more than once every two weeks), a good way is to use a RSS Reader or subscribe by email. That’s all, hope you are fine!


I would like to say that, unfortunately, I won’t be translating all the posts of this blog. The main reason is time, and as you may know, it is a limited resource and even more in this time of my life. I also want to tell you that I’ve been wondering if the best idea was to write it mostly in Spanish or in English, and in addition to the fact that I feel more “comfortable” in Spanish, the truth is that most of this work will be more interesting for Spanigh-speaking people, and who might not understand English. Hope you understand.