Here are the companies that I have invested over the last 2 years as an angel investor. Wikio, Plazes, Netvibes, Technorati, Vpod and last week, Moneytrackin, started as a project by two FON employees.
Why do I make these investments? Mostly because the entrepreneurs who run them are friends who I trust, because I believe in the markets or needs they address and because of reasonable valuations.
I invested in vpod.tv. I asked Rodrigo Sepulveda, one of the two entrepreneurs behind vpod.tv, to send me a company description and this is what he sent me:
vpod.tv is an easy online video publishing and syndication platform for the web and mobile devices aiming at the global consumer market, enabling massive new user-generated content and personal customizable TV-channels. It brings a real convergence between fixed and mobile devices such as computer screens, TVs, mobile phones, and portable media players.
Last Saturday I started FON. It´s been the craziest 6 days of my business life. And my business life is not short. I started Viatel, Jazztel and Ya.com. But in those three cases the launch itself was not an event. I don´t remember the actual first week of Viatel. I had the idea in 1990, a sort of virus that reverted the calling patterns of international telecom networks and gave foreigners US dial tone. It was a big idea, but it took me maybe a year of hard labor to get to the level of global awareness that I have achieved in 6 days with FON through my blog. And it took 10 years and a great team effort for the company to be worth over $1bn.