While traveling in Lisbon, I attended two meetups for entrepreneurs. This was my first peek into the entrepreneurial side of the city.
General Observations
Meetups in Lisbon are predominantly attended by English-speaking foreigners.Portugal offers a Golden Visa program: Foreigners can obtain citizenship in 4 years by investing €500,000 in real estate.There's no capital gains tax on cryptocurrency in Portugal.Americans can often stay in the Schengen zone beyond the typical 90-day limit without issues, except in Switzerland.Most bars in Lisbon offer only one type of beer, simply listed as "beer" on the menu.Entrepreneur Profiles
Juan (NYC)
Project: New Socks City - sustainable socks made from ocean wasteChallenges:High storefront rental costs in LisbonCommunicating sustainability message effectively to consumersSolution: Organizing pop-up markets for Lisbon makersBen (France)
Project: Datastake - SaaS solution for African data collectionGoals:Improve access to quality data for businesses and NGOsEstablish a marketplace for selling structured dataChoosing Portugal for:Low corporate tax ratePreference for straightforward tax paymentRichard (Poland)
Background: Created 35 companies, 13 still running with 100M total revenueCurrent focus: Robotic warehouse automationAdvice:"Choose business partners carefully""Don't undervalue yourself as a software engineer"Lenka (Czech Republic)
Project: YouTube channel "Chica Czecha" on educationInsight: Online content creation is valuable for entrepreneurial careersRiko (Finland)
Background: Sold a DNA testing companyCurrent project: Estimating carbon footprint in supply chainsBrandon (New Jersey)
Background: Sold an ed-tech companyCurrent project: Complete online high school educationMarket insight: Varying acceptance of online education across EU countriesLourenço (Lisbon)
Role: Undergrad in student entrepreneurship associationAdvice on startups: "Focus on the problem, not the business model initially"Insight on Portugal: Good for raising kids, but young people often leaveOther Local Entrepreneurs
Pedro: Indie video game developer, creator of Idle PaladinJose: Hardware startup for predictive maintenance on molding machinesGabriel: Hardware startup helping blind people learn brailleRoman (Britain)
Background: Wine business ownerMoved to Lisbon pre-Brexit to maintain EU status