The startup in question is a software company that specializes in providing enterprise solutions for small and medium-sized businesses (SMBs). They were struggling to find the right talent to build their product in their home country due to a shortage of skilled developers and high labor costs. After exploring different options, they decided to look to LATAM for talent.
According to a report by Nearshore Americas, LATAM has emerged as a top destination for software development outsourcing due to its cost-effectiveness, talent pool, and cultural affinity with the US. The startup was able to tap into this talent pool by partnering with a development shop based in Mexico.
The development shop provided the startup with a team of skilled developers who worked remotely on the project. The startup was able to communicate with the team in real-time using digital tools like Slack and Zoom, making collaboration seamless despite the distance. This partnership not only helped the startup to build their product faster but also at a significantly lower cost compared to developing in-house or outsourcing to a more expensive location.
Furthermore, the startup was able to tap into the unique insights and perspectives of the LATAM team, which helped to improve the product's functionality and user experience. This aligns with a study by MIT Sloan Management Review, which found that companies that embrace cultural diversity are more likely to innovate and perform better than those that do not.
In conclusion, startups looking to build their dream product should consider breaking borders and leveraging talent from all over the world. LATAM, in particular, presents a unique opportunity for companies looking to tap into a talented and cost-effective talent pool. By partnering with a development shop in LATAM, companies can access skilled developers and benefit from their unique perspectives and insights. With the right tools and communication channels, distance need not be a barrier to collaboration and success.
