If you think you can do better than this lot, check out the next round of funding, details launched today: http://www.startupchile.org/about/apply/yourdecision
Personally I'll say that being here is very nice, it is great to avoid having to take on client consulting work to pay the mortgage. Things could be better (reimbursements, mentoring, access to more money) but things are a lot better for me than if I'd stayed back in the UK. I'm going to meet 1,000 pro-active folk out here in the following 5 months, I'd not find that many in the UK via my old networks.