Alejandro Suarez Sanchez-Ocana. TIME-sector employer since 1998, CEO of Group Publispain and the network of blogs Entertainment Networks SL, President of Inversora Foley, director and Founding Partner of Yes.fm, adviser and investor in several companies for innovation, new technologies and the Internet.
Defaults soar. Yes, also in the technology sector
Sifting through balance sheets of some of our businesses we are detecting a disturbing trend since last December 2007, while during 2006 and 2007 we experienced defaults were absolutely residual, in recent months have shot up dramatically.
This, which many hoped, we expected that did not affect squarely to the technology sector if it is affecting: personally see it as international companies have difficulties in meeting its economic agreements with us, or like 3 domain names that have sold in recent months from the crowd, the 2 that have been important figures have ended in failure.
Yesterday I read Expanding an interesting article under the title "The record number of bankruptcies in the trade progresses a serious extension of the crisis." I see that defaults have grown by 85% in the last period in Spain.
I will not return to play the theme of the economic crisis, for those interested only recommend some interesting post with many interesting comments on the blog of Carlos Blanco, but if I have a small reflection of the impact of these new developments in the technology sector .
Those of us who spend months listening to the internet to bring the sector will suffer less "than others and that we can be more or less quiet. Come on, that this will not be as 1993, in which all moments, to a greater or lesser degree turn complicated moments. Ojo, relied on it can be fatal!
I think that if we stay still, motionless, regodeándonos in this style of thinking, thinking "are bad but it could be worse, as it is possibly in other sectors," do a disservice to our companies and we have to start moving and adapt to a new reality that will go to worse.
For several months, watching the price of the dollar, the collapse of Adsense advertising, CPM's falling, agreements to be renegotiated in September, the difficulties of selling advertising agencies involved in branding and changing cycle of advertising toward sales strategies and pure hard and getting ready for what comes over in months that are going to be tough as September and January-February, we have launched a small plan of spending cuts and containment in the daily life of our businesses and Also on our investments. It is possible that some of these measures come a little early, but I think it is only gray skies today, but in the background is black black black ... and I think we should all prepare ourselves for what we yield to us. If also in this sector and say what they say the figures macro sectoral analyst on duty.
Tags: crisis, economy, defaults, Internet, Business, Technology
11 Comments for "was shot defaults. Yes, also in the technology sector "
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Complaints to those who have not paid crowd in using the contract of sale?
@ Pol, no. Quite frankly I say.
First we have much work to be out there spreading allegations, but also want to think about the good faith of the people, we believe it is a mistake, although figures have been 2 very important. I prefer to think that he has not become a purchase firm and that the operation has not left.
What if I believe Sedo should take steps to this, is that it is difficult and trying, but when I asked the creditworthiness of buyers by email at Sedo in both cases I responded that they were "regular customers, known by them, solvents and they had already conducted several operations "
We can talk about more than 10k?
Because if you have a contract of sale say, for example, 20k and the buyer does not pay, you can report it for damages.
That is, if you had a contract by 20k, and then you do not pay is one that offers you only 5k, the first buyer you will have to pay the rest.
Maybe I have not explained well, but the idea is simple.
Regarding article Expansion, some people might say that you are missing one or two datillo. Such as historical data on bankruptcies in order to speak of "historic record" beyond comparison with the data from last year. I think we can agree that the series is not too significant.
And using comparisons with last year to draw the conclusion that "this is much worse than 2001" can only mean that either the journalist is a bit vaguete and has not bothered to seek the data from 2001, or has sought not bear his thesis and has decided not obvious to weaken his argument
@ Pol, whether between the two over 10,000 €, but a buyer was in pounds, is possibly reach both English and ... Dejemoslo that has been bad luck
We also had for months with a theme like a sale of a domain, in the end we did not do anything because we would not get anything, although it is complicated.
Curious our case was also in pounds by what I remember.
This from defaults clearly is affecting all sectors. The self-employed and SMEs who work directly with other companies, we must prevent economic reports, as they are very cheap for the info that offer and we can save a few headaches. Better to be safe than sorry, or not think?
Believed that with that method Sedo offers for the intermediary is not done could be anyone without charge and with the Web.
@ Forex, in fact we ran out of charge, but not without the clear dominance
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