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Accelerator Conundrum in Spain’s Startup Accelerator Ecosystem
This article summarizes Spain’s Startup Accelerator Ecosystem, looks at the impact of AI layoffs and compares 1Mby1M to the top startup accelerators across key dimensions. Spain has developed a robust startup ecosystem over the last decade, particularly in IT and IT-enabled services. Key hubs include Barcelona, Madrid, Valencia, Bilbao, and Seville. While the country benefits
1Mby1M Virtual Accelerator Investor Forum: With Luis Gutierrez Roy of Telegraph Hill Capital (Part 3)
Sramana Mitra: What about other countries in Southern Europe? What else are you tracking and where do you see activities that are interesting? Luis Gutierrez Roy: We just made an investment in a company that was actually started in the US but eventually moved to Bulgaria. The founding team was in the US. When they
1Mby1M Virtual Accelerator Investor Forum: With Luis Gutierrez Roy of Telegraph Hill Capital (Part 2)
Sramana Mitra: In the history of venture capital, the traditional venture capital model has been that in your portfolio of ten companies, nine will fail and one is a homerun. That’s how you make your money. Therefore, you are trying to find ten companies that you can somehow believe can be unicorns. Of course, nine
1Mby1M Virtual Accelerator Investor Forum: With Luis Gutierrez Roy of Telegraph Hill Capital (Part 1)
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Luis Gutierrez Roy was recorded in July 2019. Luis Gutierrez Roy, Managing General Partner of Telegraph Hill Capital, discusses his firms’ investment thesis. The fund provides Spanish limited partners access to investment
Building an Internet of Things Platform Company from Zaragoza, Spain: Alicia Asin, CEO of Libelium (Part 4)
Sramana Mitra: Somehow, you managed to get through 2007 and 2008. At what point and what strategic moves did you make to get to a more sustainable path? Alicia Asin: I think it was 2009. Through the maker shop, we were able to sustain the salaries of all the personnel. We were 10 people by
Building an Internet of Things Platform Company from Zaragoza, Spain: Alicia Asin, CEO of Libelium (Part 3)
Sramana Mitra: Let’s go back to that November 2006 time frame. You decided you were going to do an IoT platform. How did you get the company off the ground? Was it self-financed, bootstrapped, or did you raise money? How did you get going? What was the process of getting this started? Alicia Asin: We
Building a Secondary Ticketing Business From Spain: Ander Michelena, CEO of Ticketbis (Part 5)
Ander Michelena: In 2012, Ticketbis was growing strongly and very fast with very good margin. The other business was growing but it was something that was stopping us from concentrating on one thing. We decided to close it. The learning we got out of that is if something is working very well, don’t try to do
Building a Secondary Ticketing Business From Spain: Ander Michelena, CEO of Ticketbis (Part 4)
Sramana Mitra: So people were just finding you through organic Google search basically. Ander Michelena: Yes, we were using SEM, SEO, and affiliates to get traffic. That was what it was. Before we launched in other countries, we were only based in Spain. With that million euros, we created the website and made it compatible
