"Only about 1% of Startup Chile companies have completed a Series A (or greater). For these companies, the average time from founding to A round is 2.25 years. Three companies have reached B (SaferTaxi, Cabify, Opendoor), and Cabify reached C. It’s worth noting both of these companies are taxi-on-demand."

"< 1% of it’s companies have achieved a liquidity event."

The success that isn't a cab company, Opendoor, is basically an AirBnB copy. Uber is moving into Chile and seems to be beating SaferTaxi.

That's disappointing.

There are also successful companies that were bootstrapped, e.g. TheInternGroup.