3 Day Startup explores the journey of student entrepreneurs from all over the world in the ongoing blog series Born in Dorms. Universities are ripe for more innovation: the combination of bright students, open information, and more accessible tech creates an environment where student companies can flourish better than ever before. These highly motivated and driven students share their successes, failures, and everything in between as they navigate the fast-paced world of entrepreneurship in their local communities. Read more about each student’s unique perspective on building a viable company in and around campus.
Francisco De la Fuente was an engineering student at the University of Santiago in Chile when he cofounded Quamora in 2011 with Nicolas Rojas, a fellow business student.
Quamora is a Chilean social platform that facilitates seeking or receiving advice from other users and psychologists. Unlike other self-help sites, Quamora allows users to remain completely anonymous while receiving personalized advice. Registered users can seek or receive advice from other members and follow and review their favorite advisers. In April, the team expanded their platform by launching professional services. “Users can pay a fee to receive advice from professional psychologists who have been validated by Quamora as experts,” says De la Fuente.
Quamora currently has over 5,500 users from all over Latin America and Spain, and users of the site have generated more than 13,000 pages of content. The startup’s goal this year is to grow exponentially and reach sales goals. De la Fuente says, “By the end of 2013, we want have 200,000 active users on our platform.”
De la Fuente says the resources that helped their team build what they have today include, The team is currently seeking mentors who can help them expand globally into english speaking markets.
The biggest lesson De la Fuente learned while working on Quamora is the importance of team. “Everyone on the project has to strive to achieve the same goals and be absolutely convinced that the startup will be a success,” he says. “Our team has changed a few times, always with Nicolas and I being permanent pillars, but having people who are not responsible or are not motivated with the project is going to create problems and delay what you and the rest of the team are trying to build.”
The last piece of advice De la Fuente gives to fellow student entrepreneurs is that, “If you really want sometime, go for it. Don’t let anyone stop you. Life is all about chasing your dreams, and if you fail doing it, will become part of your life and you are still going to learn from it.”
About 3 Day Startup
3 Day Startup (3DS) teaches entrepreneurial skills to university students in an extreme hands-on environment. In addition to supporting budding entrepreneurs, 3DS programs cultivate entrepreneurial communities that contribute to the growth of entrepreneurship ecosystems in the regions surrounding these university programs. This proven program provides students the tools they need to start successful companies. To date, more than 41 companies have come out of 3DS to collectively raise $14.5 million in investor capital and more than a dozen have been accepted to prestigious incubators and accelerators such as Y Combinator and TechStars.