111: Creating Online Courses from South America with Freddy Vega of Platzi (a Y Combinator Co.)

Background on Freddy Vega of Platzi:

Freddy Vega is the Cofounder and CEO of Platzi. With over 700,000 students around the world, Platzi is the biggest tech school in Latin America. Platzi is helping transform developing countries into digital economies, training the next generation of professionals in programming, marketing, design and everything related to tech. Graduates of this tech school increase their income up to 260%. Platzi was the 1st company with a Hispanic market to be a part of Y Combinator (Class of Winter 2015).

Time-Stamped Show Notes:

[0:55] Freddy Vega is the co-founder and CEO of Platzi, which offers online courses that allows people to find better job opportunities. Platze also helps people create their own tech company.
[2:19] Freddy talks about how they came up with the name Platzi. They have the official story and the truth.
[5:07] At 17, Freddy already created his own company on the internet.
[6:21] Freddy’s biggest competitor became his co-founder of Platzi. They became friends and collaborated with small things that led to creating Platzi.
[10:45] Freddy didn’t finish college because he thought it wasn’t worth his time. He already knew a lot of things that were being taught in college because he learned it when he built his first company.
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[15:21] When Freddy and his co-founder is talking on stage, they would frequently argue with each other.
[17:55] Freddy believes that if you want to have a business partner or co-founder, there should be absolute trust with each other.
[19:42] Freddy provided a good tip when starting a US company in Delaware versus starting it in Florida.
[22:25] They didn’t have enough money when they started the company. Freddy and his co-founder put up $4,000 to start their company.
[24:19] Their first course venture failed since only a few people signed up.
[29:12] Starting their first online course became a huge success. They were expecting to have 100 sign ups but they got 500 students.
[33:13] Freddy applied to Y Combinator and they were accepted.
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[37:37] Freddy told the story about how he convinced his co-founder to commit fully to their company.
[41:33] Establishing their US company and using Stripe Atlas was tremendously beneficial for Freddy and his co-founder.
[50:00] Y Combinator provided them with sound advices that pointed the company to the right direction.
[58:03] Freddie emphasizes on the importance of having a diverse market.
[1:06:03] Freddie explains more about the courses they are currently offering in Plazi.

Fabulous 4 Questions:

📖 📚 Favorite Book(s)? Stranger in a Strange Land, Crossing the Chasm, The Martian, Snow Crash, Little Brother, Game of Thrones
🙌😎 Favorite Amazon.com purchase? Sony Headphones
🌱💸 Favorite Tool that's GROWN your Business? Slack
💭💡 BIGGEST Challenge keeping your Business from GROWING? Convincing more people to invest in their professional education at an online school.