Sophetic at Unreasonable Labs Ecuador
Unreasonable Institute was created in the United States by a group of successful entrepreneurs to create a space where new upcoming ‘unreasonable’ entrepreneurs can receive all the assistance and mentorship to succeed. Their major program is a 5 week long workshop where the best social impact start-ups are selected and work together with world class mentors.
After their success with this program, they sought to help entrepreneurs in other parts of the world with shorter business acceleration 5 day labs. Out of 150 countries that applied to host these labs, only 8 were selected, Ecuador being the only South American country included.
It was in the pre-investment Unreasonable lab held in Ecuador that Sophetic participated with CEO Cristian Fuentes. We were selected among the 10 best social impact start-ups in Ecuador out of 100 applicants.
During the 5-day lab we learned in further detail the process and requirements that start-ups must follow when going into their first rounds of investment. Detailed information was given on how to build a successful two-pager, pitch and financial projections. We additionally had the opportunity of meeting with successful people in the industry that gave us advice and guided us through mock investment pitches and interviews.We had the chance to meet other great start-ups that are working hard to improve conditions in several areas in Ecuador, and also built strong important contacts with mentors and future possible investors.
The Unreasonable Lab was truly a unique and motivating experience that gave us the strength and tools to continue to build Sophetic. Like their motto says, the reasonable man settles for the way the world is, the unreasonable man tries to change it. That’s what we aim to be.