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A Peek into Entrepreneurial Lisbon

A Peek into Entrepreneurial Lisbon

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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 waste
  • Challenges:
    • High storefront rental costs in Lisbon
    • Communicating sustainability message effectively to consumers
  • Solution: Organizing pop-up markets for Lisbon makers
Ben (France)
  • Project: Datastake - SaaS solution for African data collection
  • Goals:
    • Improve access to quality data for businesses and NGOs
    • Establish a marketplace for selling structured data
  • Choosing Portugal for:
    • Low corporate tax rate
    • Preference for straightforward tax payment
Richard (Poland)
  • Background: Created 35 companies, 13 still running with 100M total revenue
  • Current focus: Robotic warehouse automation
  • Advice:
    • "Choose business partners carefully"
    • "Don't undervalue yourself as a software engineer"
Lenka (Czech Republic)
  • Project: YouTube channel "Chica Czecha" on education
  • Insight: Online content creation is valuable for entrepreneurial careers
Riko (Finland)
  • Background: Sold a DNA testing company
  • Current project: Estimating carbon footprint in supply chains
Brandon (New Jersey)
  • Background: Sold an ed-tech company
  • Current project: Complete online high school education
  • Market insight: Varying acceptance of online education across EU countries
Lourenço (Lisbon)
  • Role: Undergrad in student entrepreneurship association
  • Advice on startups: "Focus on the problem, not the business model initially"
  • Insight on Portugal: Good for raising kids, but young people often leave
Other Local Entrepreneurs
  • Pedro: Indie video game developer, creator of Idle Paladin
  • Jose: Hardware startup for predictive maintenance on molding machines
  • Gabriel: Hardware startup helping blind people learn braille
Roman (Britain)
  • Background: Wine business owner
  • Moved to Lisbon pre-Brexit to maintain EU status
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