When will open the tap?

The crisis will follow the expected trend. Or at least, that I thought / feared, ie if they are not recovering as it seems some countries already, so if you are, is that mine does not give even the smallest sign of improvement.

Many of us were months thinking if it came or not. Then if he came or not the sector of ICT and Internet, and then we try to assume defensive positions more or less successfully, tried to guess how serious this time when we would leave him, start to assume that Spain take 1-2 years longer than the countries around us, we saw with bated breath as unemployment rose ... and in that time we?

I think no man's land at a time when you begin to see how countries which have taken action and have done their homework, like USA, Germany, France, have already touched down again and think about taking off. To us it is.

He published many months ago a post called "Closing the tap" which I think was very realistic of what I thought at that time. Explained we were closing in foreign investment, it was time to rest and prepare for problems, defaults and falling profits. At that time we, lurking ... but when we get out of this?

Yesterday saw the graph of the CPI which saw the decline began to slow my perception is that finally we will touch the ground to start off in several months, but probably take-off is so slow that we do not recover the purchasing power of 2007 to at least 2011.

I keep my ground, perhaps overwhelmed by a situation where it makes more sense to reinvest and support the companies in which they are already involved in their capital needs. Will not make major investments in projects of others or for the remainder of the year or at least in the first half of 2010, there will be time to rethink and think if the ideal time to re-evaluate options is the second half of 2010 or 2011 and .

Of course this attitude can make me lose good opportunities, but I think the timing is so bad and the risk so great, that's the most intelligent or at least more sensible, the train is lost is lost, not to generate major problems .

What is carefully follow the progress of projects that we have to ISNA, see our monthly meeting some very interesting projects and others that I love so much and for not bet. I've been tempted to invest in something this past month, but sometimes I find things I blush as valuations of companies exist, no business model validated, no website, and ultimately not have begun to work, in which unblinking entrepreneurs say their valuation is about 3 Million Euros, they ask 200, 300,000 or 500,000 to get a smaller share of something lacking in what they have not invested a euro and remain as wide.

Is it or is this a bluff, a bubble, a sailor kidding?.

In such cases, it is expected to lower the gas effect and to return to reality, or simply forgotten about it. I do not like people who build houses of cards, in this case I forget my project, and sometimes the entrepreneur, you bet my next.

Although some tend to call ahead and acknowledge that their assessment is not maintained, it was ridiculous to try to score a goal and after trying to sell the donkey are ready to sign by the team of logic, I do not want to be in this kind of projects that are or were artificially inflated, not argue. I'm not comfortable.

I like entrepreneurs logical and sensible, it is essential the talent and seriousness in any adventure and if you're not, or I mistakenly did not even see it, do not want to be on the team would not be consistent.

Tags: bubble, start, investor, business angel invertirm