Crossing Borders With Nathan Lustig

Ep 56 Emilia Diaz: Learning from Kaitek Labs' Post Mortem

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Synopsis

This podcast with Emilia Diaz, a Chilean entrepreneur who dropped out of university at age 21 to run the biotech startup Kaitek Labs, is one of my favorite podcasts so far. And it's one of the most necessary. In the US, we celebrate entrepreneurs who learn lessons from failure. I always knew that I'd be able to get a job if my startups didn't work. I still know it today. But in Latin America, people shun failure. And a large company might not see a failed startup on a resume as a plus. Not to mention the social costs of a failed startup in a region where personal pride influences many day to day decisions. So when Emilia Diaz's startup, Kaitek Labs, a one time high flying Chilean biotech startup failed, she was not only facing having to grieve for herself, her team and her investors, but also publicly. She could have stayed out of the spotlight, but she made the courageous decision that pushes ecosystems forward: writing a post-mortem on her personal blog. It's an inside look on what went wrong. what she lear