First Tuesday: Meet Ángel García of Fractus and The Emprendedores Fund
When Ángel García and a group of fellow entrepreneurs launched “The Emprendedores Fund” (emprendedores = “entrepreneurs”), they knew they were taking a risk … but then again, risk and reward would be familiar territory for the partners in the fund, as all have clearly been down the startup and funding road before.
A report at Spanish business news site Expansion.com in July said García launched The Emprendedores Fund with nine other entrepreneur-investors, among whom are Mauricio Prieto, co-founder of online travel portal eDreams; Tomás Diago, founder and President of online software downloads portal Softonic; Marcos Cuevas, founder and CEO of Layers.com and Acquamedia; Pablo Zubicaray, Founder and CEO vacation apartments rental portal Friendlyrentals; and Javier Rocafort, strategic advisor at Banque Privée Edmond de Rothschild.
García, who in addition to spearheading the new fund is the CFO of Fractus, a leader in the design and patenting of fractal mobile antenna technologies, will be interviewed on Nov. 6th by Carlos Blanco at First Tuesday Barcelona about The Emprendedores Fund and the experiences he and fellow entrepreneur-investors have had with startups and venture funding in Barcelona.
“We’re not Silicon Valley, but we do have success stories here,” García told Expansion.com. “The problem is not one of entrepreneurs or projects, but one of investors.” [By which, he presumably meant the relative lack of investors or the kinds of project they’re willing to invest in … good question to ask of him during the Q&A at First Tuesday?]
According to Expansion, The Emprendedores Fund is seeking to invest in a total of 12-16 startups, funding up to four new ventures per year over the next 3-4 years and investing from 200K-400K euros in each venture. It’s focus will be on early stage tech startups in the areas of e-commerce, mobile applications and retail that have been operating for at least 18 months and have more than eight employees.