I generally don´t comment about my investments in companies that work in Spanish in my English blog because many of my readers cannot truly understand their products. But I wanted to announce that today I invested in Hipertextual, a family of blogs started and managed by 28 year old entrepreneur Eduardo Arcos, a fantastic blogger who I got to know and frequently read over the last two years. Hipertextual´s best known blog is Alt1040 but as you go into Alt1040 and scroll down you will see that there´s a whole family of blogs that are owned by Hipertextual covering not only technology but also sports, politics, gossip, movies, music, cars, life in Mexico, and other topics of interest. Last month Hipertextual had over 4 million unique visitors and was growing nicely. Hipertextual fits my investment criteria which is very simple, invest in products I use made by people who I like. Hardly objective but my 10 million euros invested in risky, early stage start ups over the last 2 years are worth over 30 million now with some interesting exits coming up in the next 3 months. Another company that I am very happy to have invested in is Meneame, a Spanish Digg like site whose surprising characteristic is that it is all open source. But even though anyone can actually copy Meneame and some have the growth of Meneame itself seems to be unstoppable. Meneame also has around 4 million uniques per month. Now having said all this I still consider myself an entrepreneur with Fon being my main activity. But at this point in my life and with 3 significant exits and a passion for the web I like to invest with up and coming entrepreneurs whose products I love and help with their strategy. Eduardo Arcos clearly fits this profile. Tomorrow night I will be in Sevilla at Evento Blog and where Eduardo, Manu Contreras and the Hipertextual team and I will be available to meet other bloggers.

Follow Martin Varsavsky on Twitter: twitter.com/martinvars

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