Nathan Lustig

Managing Partner, Magma Partners

Los Angeles

Lustig is currently the managing partner at Magma Partners, a seed stage venture capital fund based in Santiago Chile.

Previously, he founded ExchangeHut during his sophomore year at the University of Wisconsin and ran it until his senior year, when ExchangeHut was acquired. After the acquisition, he worked on multiple businesses, including a consulting firm to help startups grow more quickly.

In 2008 he cofounded Entrustet, a service that allows people to create a list of digital assets and decide if they should be transferred or deleted when they die. In 2010, Lustig was part of the pilot program of Startup Chile and grew Entrustet to the market leader in the industry. In 2012, Entrustet was acquired by a European competitor.

Lustig is also the founder of Capital Entrepreneurs, an organization of high tech entrepreneurs in Madison, WI dedicated to making Madison a new startup hub.

After Entrustet was acquired, he returned to Santiago, Chile where he worked as the head of marketing for Welcu and taught entrepreneurship at multiple Chilean universities.

He also wrote Startup Chile 101, a book about everything you need to know about living, working and doing business in Chile.