Alejandro Suárez Sánchez-Ocaña. Entrepreneur and private investor sector Internet and New Technologies.
In Spain, few of us live the tech bubble of 2000 to 2003 and continue to work in this sector. It was a time where everything pointed to Internet seemed about to become gold overnight. But investors were demanding that the money invested in start-ups will recover within a reasonable time and that's not happening. In the end, the warnings were met formerly performed since 1998: Internet was a bubble and had to explode. Continue reading " Is this a new tech bubble? " I leave an article written for ABC: The Feast of the gas. Click on the image to read the PDF. The crisis is following the expected trend. Or at least, I imagined / feared, ie if they are not recovering and as seems certain countries, so if it is that mine does not give even the slightest sign of improvement. Months Many of us were thinking if he came or not. Then if he or sector of ICT and the Internet, and we assume then try to put in defensive positions with varying success, try to guess how serious this time, when we would come out of it, we begin to assume that Spain take 1-2 years longer than our neighboring countries, we watched with bated breath as unemployment rose ... and in that moment we? I think no man's land, in a time when you begin to see how countries which have taken steps and have done their homework, as USA, Germany, France, have already touched ground and start thinking off. We are left. He published many months ago a post called " Closing the tap "I think it was very realistic of what I thought at the time. In explaining that foreign investments were closing, it was time to rest and prepare for problems, defaults and falling profits. At that time we, crouching ... but when we leave this? Yesterday watching the CPI chart which saw the decline began to ease my sense is that we will play finally ground to start off in several months, but probably the takeoff 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 in which it makes sense to reinvest and support companies in which you participate in their capital needs. I will not make 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 reassess options is the second half of 2010 or since 2011 . Of course this attitude can make me lose good opportunities, but I think the timing is so bad and so great a risk, which is the most intelligent or at least the most sensible, miss miss the train, in order to avoid major problems . What is carefully follow the evolution of the projects that we have to IAIA , see our monthly meeting some very interesting projects and others that do not like so much and for not bet. I've been tempted to invest in something this last month, but sometimes I find things I blush as company valuations absent without valid business model, no website, and ultimately without having become operational, in which unblinking entrepreneurs say their review is for about 3 million Euros, they ask 200, 300,000 or 500,000 to get minimal involvement of something lacking in what they have not spent a single euro and remain so wide. Is it or is not it a bluff, a bubble, a fishing joke?. In such cases, you can expect to lower the gas effect and return to reality, or just forget about it. I do not like people who build houses of cards, in this case I forget my project, and sometimes the entrepreneur, for me to bet the next. Although some often call ahead and recognize that their valuation is not held, it was ridiculous to try and score a goal after trying to sell the donkey are willing to sign with the team of logic, I do not want to be in this type of projects that are or were artificially inflated, they do not hold. I'm not comfortable. I like logical and sensible entrepreneurs is essential talent and seriousness in every adventure and if you're not, or I do not even see it wrongly, I will not be on the team, would not be consistent. One of my favorite analysts is Steve McCoy, I usually read in The Confidential and I must say that I love, but is a true ash. Yeah, because ash is so catastrophic in its economic and sector analysis that sometimes one is left wondering "what barbaric "and another makes you think in a very conservative" just right "... In the present circumstances all people who predicted the arrival of a major global crisis 12 or 18 months ago, have been exalted to the status of economic gurus. They are almost the only winners of the crisis at the moment. Anyway, I've been reading his article " The second Internet bubble ", which speaks of the usual, the Apocalypse, the end of the world, let the great crash ... In this case the internet.
Tags: bubble This funny video
Although I loved and admired harrier McCoy focuses on digital media for analysis, to me has left the title of his article thoughtfully. Is a second bubble? And what is worse, it may be today. Categorical My answer is NO. We are having a hard time due to a very bad economic times globally. But bubble? Here ... where?. If there should be a drop should be from the top, and as far as Spain is concerned is im-po-si-ble. Nothing to do this time, possibly in excess of realism and minimal amounts of money in the market of ICT with the time now to remember me, at least it evokes a smile; Teknoland, Diversia, Submarino, Cool, Future City , Channel 21, Demasiado.com .... just remember some of the ones that come to mind. Nothing to do with the present time. At the time, the money appeared in each corner for the only merit of "get an idea" without management experience, no internationally validate ideas without real numbers, without an advertising market and e-commerce and most amazing mature without The Lord of the tickets had no idea where and what put them ... today this situation has nothing to do with that. In the ICT sector moves even a little money on advertising and e-commerce, far fewer than expected 10 years ago, but the market is mature and these crazy unlimited money injections in any case have been happening in Spain. In fact, the effect is the opposite, the antithesis, there should be more money for good and mature projects that are not adequately funded by the withdrawal-possibly-chastened of great actors like Telefónica's investment in startups. So I tell my harrier favorite: "No way Jose" is that my admired Steve, confuse digital media sector with the internet, and nothing to do one thing with another. The digital press is not Internet: Internet is a global medium. And especially for a bubble bursts should inflate, and here, nobody has had anything to inflate lungs for many years. Friend Nothing to click, this well and Pa Pa Spain remains bad. A few months ago came with great deployment of Cuil , the search was intended as an alternative to Google and was much celebrated in Web 2.0 circles, especially in USA. remember when I saw it, I was too lazy to comment, and wrote a post some thug "few laughs with Cuil" (is that even at that time it was clear that there was no where to get it). The truth is that today trying to compete with Google is ridiculous, first because your technology is always going to be worse, because you will not have even half the resources, nor experience especially in data processing that Google has acquired . Cuil (which incidentally comes second in Google for the search "cuil") was claimed as the form to which they had gone some Google engineers, with that as a solution and its black background, defended the possibility of alternative and possible gap in the market. I'm sure that after the huge buzz created many people used it in a while. But obviously gives and takes time reasons:
I write all this before FailBeta talk within months of Cuil (it will come) not by the project itself, but how curious it is to see a global viral effect. The graph of this web traffic, we see that the news is published in TechCrunch in a curiously enthusiastic, and the next 3-4 days is replicated and commented on blogs around the world. TechCrunch comes not just to end users in Spain perhaps only to heavy users and influencers (which by the way there are times that make him who read out without stopping to analyze and process information in order to have their own conclusions), what makes you have a certain power of hundreds of prescription Spanish-language bloggers, which in turn are prescribers with local users.'s a huge capillarity gives tremendous power of penetration globally when there are turning on to explain that something is going to be interesting. In the medium term, if the product was a bluff, the bubble bursts. Buzz That global (unfortunately impossible to reproduce from Spain or Latin America, a shame because it would be the big boost to local good projects not explode like this), makes me think we are a colonized country easily. What comes to USA with good marketing behind not swallow up the bars, when user generally either at or prescriber level, either at investors we ignore local players in that sector. So we will, we are the country with the highest penetration of Google in the world, 96%, the country where Coca Cola has increased market share of soft drinks in the world ... here when someone comes from outside "dazzle" nobody supports the Local player in that market, it receives no support and usually goes away by itself, and it is true that it is difficult to compete and but the fact remains that sometimes where Latino entrepreneurs are constant little and give up fairly easily to projects larger exterior. I think we have not understood a part of the game, if we want the ICT sector we need to work to have their market share, more or less, domestic products, which are investments that are betting and all interests that go well. Many times I detect some resentment to the success of projects Made in Spain, and a preference, often without much thought, before the last project, we try to put bluff, usually from USA by ... let's leave by the ears. I do not mean some nacionalismo.com or defend local things so excessive, but if a certain selfish protectionism, Internet is a global marketplace in which we all work and we are interested in ICT projects that not become 100% overall, because from Spain is very difficult to create brands and global projects with our technology fabric, and investments are handled here. We need some space for the local market. A brilliant project in Spain will receive an investment of 100,000 or 200,000 Euros for a business angel in Europe or USA, although not as bright could receive 3 to 4 million at once and without much trouble to expand internationally. Thus, it is difficult to compete when these people landed in Spain ... complicated, but with support and ingenuity still can! But the harder it will default even if we are open to embrace what comes out as validated model and make the case just past, and sometimes underestimate the local project. That's why I get so angry when the 4-5 Spanish companies who can be launched global brands and industry benchmark, still unaware of what this is.
The blog of Alejandro Suarez.