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Episode 7 Jack Fischl (ASIJ 2006) Jack shares the current situation living in Chile during COVID-19. Jack speaks to Nick about joining the Peace Corps (after rejecting a final interview with the San Antonio Spurs). Jack explains about the process is in regards to location designation and what the lifestyle is like for someone who is part of the Peace Corps, and how that experience created a path towards his current business venture. He speaks about the inspiration in regards to how Keteka came to fruition as an idea and then a business, and tips for anyone who is going to go into business with a friend (with a brief mention of fellow alum, Shawn Seavers, ASIJ 2006). Throughout the interview, he mentions how his background as an ASIJ student, and an international school student had influenced various decisions he had made throughout his career. Jack Fischl American School in Japan (2006) Entrepreneur (former Peace Corps volunteer) Jack attended Boston University, where he majored in Business Administration, with a concentration in International Business. After graduating, he joined the Peace Corps as a Community Economic Development volunteer from 2010 to 2012. During the Peace Corps, he and two other volunteers began working on ways to connect travelers with community tour operations in developing countries. That idea became Keteka, a website where travelers can find and book the most authentic tours and activities in Latin America, with validated local guides. The two have founded and have been operating Keteka since 2014. He currently resides in Santiago, Chile, with his wife, Tamy.
At Magma Partners, we work with people who share our values, whether they’re the founders we invest in or the mentors and investors we bring on to our team. We hope to create lifelong relationships with the people we support. For this episode, we’re featuring eleven Magma entrepreneurs –some are members of our portfolio, and others are from our team– who have appeared on previous episodes of the Crossing Borders podcast to share their advice to founders from Latin America on how to get started. This episode starts off with GroupRaise’s Sean Park who reflects on what he has learned since starting his online restaurant reservation platform. Next, is Matías Rivera, founder of Fanatiz, who talks about his perspective on resistance to change. Kevin Valdez, also co-founder of GroupRaise, explains how advice from his father has shaped his outlook on life. Keteka’s Jack Fischl, talks about what he would have told 2014-Jack on managing a company. Emmanuel Oquendo from BrainHi then explains what it means to be a CEO and how he applies that to his everyday life. Next, Base Operations’ Cory Siskind shares her insights on the importance of building the right team from the get-go. Daniel Bilbao from Truora reflects on his entrepreneurial timeline and how he would have done things differently. Our partner, Pedro Pablo del Campo, shares some humbling words to keep in mind as an entrepreneur. Marta Forero, founder of Ubits gives advice to women looking to expand their business and raise money in the US. Then Diego Caicedo from OmniBnk, shares lessons he´s learned about doing business over the years. Finally, our advisor, Neil Coleman provides advice on how to get through tough situations. Magma Entrepreneurs’ full-length episodes: Sean Park, GroupRaise: How GroupRaise Became The Tastiest Way to Change the World, Ep 31 Matías Rivera, Fanatiz: Building Businesses and Replanting Patagonian Trees, Ep 73 Kevin Valdez, GroupRaise: From Guatemala to GroupRaise, Ep 39 Jack Fischl, Keteka: Taking Tourists off the Beaten Path with Keteka, Ep 51 Emmanuel Oquendo, BrainHi: How Brainhi Rebounded from Hurricane Maria to Become Puerto Rico’s First YCombinator Company, Ep 68 Cory Siskind, Base Operations: Using Technology to Secure Global Workforces, Ep 81 Daniel Bilbao, Truora: Fighting Fraud in Latin America, Ep 80 Pedro Pablo del Campo: Building Bridges Between Latin America & the USA, Ep 55 Marta Forero, Ubits: Driving Economic Growth in Latin America via Corporate Education, Ep 74 Diego Caicedo, Portal Finance: Streamlining Small Business Finance in Latin America with Portal Finance, Ep 53 Neil Coleman: Creating an International Market Expansion Strategy, Ep 28 Show Notes: [0:57[ Sean Park - Lessons learned [2:32] Matías Rivera - Advice to younger self [3:26] Kevin Valdez - Advice from his father [5:26] Jack Fischl - Advice to younger self [7:02] Emmanuel Oquendo - Advice to younger self [8:36] Cory Siskind - Advice to younger self [9:36] Daniel Bilbao - Advice to younger self [10:25] Pedro Pablo del Campo - Advice to younger self [11:15] Marta Forero - Advice for women entrepreneurs [12:45] Diego Caicedo - Advice to younger self [14:50] Neil Coleman - Advice to younger self Resources mentioned: GroupRaise Fanatiz Keteka BrainHi Base Operations Truora Ubits OminBnk Attune Magma Partners
Jack Fischl and Kyle Wiggins studied across the Charles River from each other in Boston, but they didn’t meet until they both became Peace Corps volunteers in Panama. Even then, they were placed in two communities that were a 14-hour bus ride apart. So how did they build a successful Latin American travel marketplace together? It started with a simple Wordpress site they created over several visits to their local internet cafes. After realizing their communities had no way of marketing the unique tours they were offering, and that local tour guides were being ripped off by large corporations, Jack and Kyle came up with Keteka. In this episode, Jack and Kyle explain what they learned from going through Start-Up Chile and the Booking.com Accelerator program, raising a funding round through Latin American angel investors on FounderList, and receiving investment from more traditional VCs like my firm Magma Partners. But it all started with the lessons they learned in the Peace Corps. Tapping into Panama’s tourism dollars: a “dignified economic opportunity” If Jack and Kyle’s communities from the Peace Corps had anything in common, it was that both looked to tourism as a potential economic opportunity for their area. However, traditional tourism would not come easily in a place with no electricity or running water, let alone WiFi and payments systems. Kyle and Jack realized there was a need to bridge the gap between these rural communities, their skilled local tour guides, and a tourism market that operates through online transactions. From this epiphany came Keteka, originally a Wordpress website built in an internet cafe in Panama. Learn how the Peace Corps network helped grow Keteka quickly in this conversation with Kyle and Jack. Start-Up Chile: Too good to be true? When a friend emailed Jack the link to apply for Start-Up Chile, he almost didn’t believe the opportunity existed. Keteka seemed almost too perfect of a fit for the program, even before they had made their first sale. The number one lesson Keteka’s founders learned from the accelerator? Focus on the business first. Fancy tech can always wait until you have validated with real customers. How to fundraise from Latin America Split between Chicago and Santiago, Keteka is already an unconventional company. Their funding rounds, which have included several equity-free grants, as well as syndicate angel investment, are off-the-beaten-path, as well. Kyle explains why in this episode of Crossing Borders: beyond helping tour guides in developing countries, Keteka’s founders are passionate about supporting the local tech and innovation ecosystem. Find out more about how Keteka raised the first syndicate-style angel investment round in Latin America using FounderList (FounderList is a Magma Partners portfolio company) and why they continue to operate a Latin American office in this conversation with Jack and Kyle. Keteka is redefining the way we travel by making exciting, local tours available to an international audience, and making sure guides are properly compensated. Keteka’s founders have used a network built during their time in the Peace Corps to develop a company that offers tours across 13 countries in Latin America, and which has raised funding rounds in Latin America and Europe. Find out how Keteka grew from Panama across Latin America while maintaining its local flavor in this two-for-one episode of Crossing Borders. Don’t miss Jack and Kyle’s top recommended tours at the end of the episode! Show Notes [2:15] - What is like to have an office in the US and an office in Chile? [3:42] - Did you always know that you wanted to be and entrepreneur? [6:57] - (To Jack) What it was like growing up as the son of a diplomat and lessons learned from time abroad [10:50] - Kyle’s path from Dallas to the Peace Corps [12:57] - Why the Peace Corps? [17:56] - How did you end up in Panama? [20:29] - Day-to-day life in Kyle and Jack’s Peace Corps communities [27:34] - Biggest lessons learned from time in the Peace Corps? [34:44] - How did you start Keteka? [43:13] - Bridging the gap between rural communities and online tour agency bookings: Keteka [46:55] - How much does the guide generally get if someone books with Keteka? [50:01]- Making it to Start-Up Chile [56:28] - About inflection points: what happened that made Keteka actually start to take off? [59:00] - How many tours do you guys have today? Top booked tours? [1:00:55] - Fundraising from VCs, Startup Chile and FounderList [1:04:08] - Whats next for Keteka for the next 6 to 12 months? [1:05:38] - Recommended books, podcasts, etc. [1:10:08] - Kyle and Jack’s advice to their younger selves [1:13:06] - Can you recommend one tour from the Keteka inventory? Resources Mentioned: Start-Up Chile Booking.com Booster The Hard Thing About Hard Things (BOOK) - Ben Horowitz Zero to One (BOOK) - Peter Thiel A16z (podcast) Keteka - Kyle and Jack's business
World Footprints will present two powerful stories of survival from unlikely human trafficking victims and how they’re using their ordeals to support other victims and raise awareness about this elusive crime. We will also share the story of a former Peace Corp volunteer whose experience inspired the development of a new community-based adventure travel resource. Holly Smith is not what many think a human trafficking survivor would look like. She’s a blond American and was raised in a middle-class two parent home. But when Holly was only 14 years old she was taken from her home planted immediately into the sex trade. The trafficking incident was traumatic enough but Holly was also traumatized by the lack of support she received from law enforcement and social services after she escaped. Stacy Jewel Lewis was a 19 year old student and aspiring actress when she was abducted by an elderly man who was working on behalf of traffickers. Only after Stacy’s trafficker was arrested two years later was she able to leave the sex trade and begin rebuilding her life. Today Stacy has returned to acting and playwriting where she uses theatrical performances to share her story and raise awareness about human trafficking. Jack Fischl is a former Peace Corp volunteer who helped create a tourism initiative for a small village in Panama. Upon returning from his assignment, Jack was inspired to continue the work he started so he built a powerful online resource, Keteka.com, that connects the dots between socially conscious travelers and Peace Corp communities
World Footprints will present two powerful stories of survival from unlikely human trafficking victims and how they’re using their ordeals to support other victims and raise awareness about this elusive crime. We will also share the story of a former Peace Corp volunteer whose experience inspired the development of a new community-based adventure travel resource. Holly Smith is not what many think a human trafficking survivor would look like. She’s a blond American and was raised in a middle-class two parent home. But when Holly was only 14 years old she was taken from her home planted immediately into the sex trade. The trafficking incident was traumatic enough but Holly was also traumatized by the lack of support she received from law enforcement and social services after she escaped. Stacy Jewel Lewis was a 19 year old student and aspiring actress when she was abducted by an elderly man who was working on behalf of traffickers. Only after Stacy’s trafficker was arrested two years later was she able to leave the sex trade and begin rebuilding her life. Today Stacy has returned to acting and playwriting where she uses theatrical performances to share her story and raise awareness about human trafficking. Jack Fischl is a former Peace Corp volunteer who helped create a tourism initiative for a small village in Panama. Upon returning from his assignment, Jack was inspired to continue the work he started so he built a powerful online resource, Keteka.com, that connects the dots between socially conscious travelers and Peace Corp communities.
World Footprints will present two powerful stories of survival from unlikely human trafficking victims and how they’re using their ordeals to support other victims and raise awareness about this elusive crime. We will also share the story of a former Peace Corp volunteer whose experience inspired the development of a new community-based adventure travel resource. Holly Smith is not what many think a human trafficking survivor would look like. She’s a blond American and was raised in a middle-class two parent home. But when Holly was only 14 years old she was taken from her home planted immediately into the sex trade. Hear how she survived her ordeal and uses her experience to raise awareness today. Stacy Jewel Lewis was a 19 year old student and aspiring actress when she was abducted by an elderly man who was working on behalf of traffickers. Only after Stacy’s trafficker was arrested two years later was she able to leave the sex trade and begin rebuilding her life. Today Stacy has returned to acting and playwriting where she uses theatrical performances to share her story and raise awareness about human trafficking. Jack Fischl is a former Peace Corp volunteer who helped create a tourism initiative for a small village in Panama. Upon returning from his assignment, Jack was inspired to continue the work he started so he built a powerful online resource, Keteka.com, that connects the dots between socially conscious travelers and Peace Corp communities.
Hector Aristizabal and Baruch discuss how the United States can become a more peaceful country. Kyle Wiggins and Jack Fischl from Keteka.com tell the story of how they created a community based adventure travel site. Jimmy Ryan, virtuoso of the electric mandolin, introduces his … More ... The post Hector Aristizabal: Dramaturgist and Peace maker, and Kyle & Jack: Adventure Travel appeared first on Paradigms Podcast.