Valuing a startup 2.0

I have met through the blog of Paul L. Renaud's Web Bizak.com is an initiative that aims to bring order and value in a more or less a coherent and successful startup 2.0.

This is an issue that I find very interesting for several reasons. First, because the valuations of Internet companies have been a complex and recurring theme. At the end of the 90 were simply a cachondeo. I've been in meetings at investment banks of the highest level in Madrid, where the guru in-house bank appreciated my company between 6 and 9 million euros to eye, without any objective criterion, and wondering "if it looked good for about you think an increase or decrease 50% this assessment.

With the stamp of the bank did not dispute that if anyone was real or just a cachondeo; what was taken as the tables of the law. Although the time of the technology bubble ended, and today it is discussed in a constructive manner on valuations. But even in some ways is still the same thing happening to a lesser extent is difficult to assess a startup and valuations can easily vary by 100%, depending on who provides.

As an entrepreneur and investor in technology, every time I have in mind the profile of the entrepreneur, my opinion about him and his abilities. If you really need an investment project, your business plan may be impeccable, but today, if I like the idea, the sector has potential, and I heard the market and I do not see a venture aimed at the same niche with the most potential that you, the key to my decision to invest is going to lie in the enterprising person.

THE IDEA daily, as a concept, is less important (although many do myth of it), and moves to second place after the entrepreneur. You can send me your great business plan in which they showed me whether or not you make a powerpoint credible, and if your numbers seem to me, but in the end, I, if the idea I am, what I want is to spend some time you, that we eat and we chatted a few times, and not only see if your project but you are credible and are projected to accompany you, and you have the ability to make good decisions and surround yourself, your team of people in this line.

This season in September 2007 to summer 2008 is now over, has been for us to certain investments and acquisitions, companies that once were our competition, the purchase of some sites and blogs, infrastructure through a powerful datacenter itself in Madrid and launch our network of blogs. In this new season, starting in September I want is to invest in projects that we find interesting, entrepreneurs to accompany us to provide not only money but also seek a technical and human know-how, growing out of "out house" and that one of the keys is going to be as simple as an analysis of feeling with the entrepreneur of the project as simple as the human factor.

Tags: BIZAK, Entrepreneurs, investment, Pablo l. Renaud