Resources for Entrepreneurs Getting Started in Mexico City

A few weeks ago I arrived in Mexico City to research moving most of EasyBroker‘s operations from Buenos Aires. It’s always daunting to get starting in any new city but here are some resources I’ve come across that should help you hit the ground running.

Office and Co-Working Spaces

  • El 3er Espacio
    Decently priced co-working space where I’ve met some cool freelancers and other entrepreneurs. There is a $500 peso membership fee to start and a month membership runs around $950 pesos.
  • Sach Corporativos
    I didn’t end up going with these guys but for around $15k pesos you get a secretary to answer your calls and a room for up to 3 people. They have some very interesting part-time options if you’re looking for a virtual office with a secretary to forward your calls.
  • Zenttre
    A friend passed me this link but they’re located in Del Valle so I didn’t bother to check them out.

Entrepreneur and Networking Events

  • Founder Friday
    First Friday of every month. Free and includes drinks and snacks. Great for networking with other entrepreneurs.
  • Tech Startup Nights
    The third Thursday of every month. You hear two entrepreneurs talk about their startups and then network. Free event and even includes a drink.
  • OP4U (Opportunities For You)
    The fourth Thursday of every month. Lame name but a worthwhile event to do a bit of networking. Much smaller than Tech Startup Nights but had some high profile people and free drinks and snacks when I went. Speakers talk for an hour or so and then you have a little bit of time to network.
  • Internations
    Not my favorite event but it is a great place to network to meet expats and Mexicans that want to meet expats. I get the feeling it’s a place where people want to go to speak English. Entry is around $150 with a drink included.
  • Startup Drinks
    I’ve only been once and showed a bit late but I liked the atmosphere and found it easy to meet people. Free entry with drink included.

Useful Online Resources

Angel Investors and Venture Capital Firms

I haven’t actually raised any capital here but just in case you’re looking you might find these useful

Telephone and Cell Phones

I’ve looked around but haven’t found any good VOIP services to recommend. If you need a landline you should checkout Movistar’s cell phones that act like land lines. I ended up buying a new ZTE WP650 for $400 pesos delivered off of Mercado Libre. It was cheaper than at the Movistar store and at Movistar they were out of stock.

I tend to use my cell phone for only data and messages. For me the best prepaid plan I found was at Iusacell where $300 pesos gives you 1GB that lasts a month plus some credit for calls and messages. $500 gets you 3GB. Telcel is the most popular provider here but I’ve heard several people complain about data being slow and the plan wasn’t as good as Iusacell so the decision was a no-brainer for me. If you’re going to make a lot of calls Telcel might be the better option for you since calls from Telcel to Telcel customers are cheaper.

Getting Around

Make sure you live close to where you work because the worst thing about the city is commuting. The traffic is just horrendous pretty much during all working hours.

  • Ecobici
    Great option for getting around by bike in la Condesa and Roma. After signing up you’re given a card where you can rent bikes for less than an hour and check them in at any Ecobici station. Unfortunately you need a local credit card to sign up.
  • Carrot
    The Zipcar of Mexico City. After signing up you can rent Carrot cars that are parked in various parts of the cities. My recommendation though is don’t drive unless you absolutely have to as the traffic is horrendous.

Finding a Place to Live

Craigslist worked well for me for finding short term places. I recommend living with a roommate to get started. It’s fairly easy to find places with private bedrooms and baths and you’ll also save money and immediately meet someone who knows the city better than you. Many places seem to have problems with water pressure so I highly recommend you test the water in the shower and the sink to your bathroom before making a decision.

Where to Live?

There are apparently lots of great places to live in the city but most everything happens in Polanco, Roma Norte and La Condesa. So far I would choose La Condesa or Roma Norte over Polanco but I hardly know Polanco which might be why I’m biased.

Wrap Up

That’s all for now but let me know if you find any other good resources I should add here. I’ll try to keep this entry updated as I come across any new useful resources.

  • Bielski

    For Ecobici, I got a local debit card by opening a basic savings account at Banco Inbursa (with many mini branches in Sanborn’s). They didn’t require an FM2/3  (or maybe I told them it was being processed) Fees are like 50 pesos/month unless you maintain ?5000-peso minimum. More for checking or want merchant services like a credita card reading terminal