In itnig’s Podcast #25 Bernat Farrero, CEO at itnig, talks with Javier Llorente, an old friend of itnig and investor of itnig and Quipu & Camaloon investor about how he became a professional investor from scratch.


At itnig every Friday we sit down to talk with interesting people whom we meet throughout the week and we make a podcast (in Spanish) out of our conversations. You can listen to it on iTunes, subscribe to our channel on Youtube or enjoy it through iVoox.

For this Podcast #25 Bernat Farrero, CEO at itnig and Javier Llorente come together to talk about the beginning of his career, the founding of Grupo Intercom and subsequent investments.

https://upscri.be/5c88ff/

Javier is a professional investor, the European Found of Investment (who invests alongside Javier) names him the most active investor in Spain with more than 40 investments. We talk with him about his beginnings?

Javier, how did you start?

I started working when I was 14 years old to contribute to my family’s economy. When I 16 years old I joined the Banco Vizcaya even before it fused to become BBVA. However it was not a job I liked, the days were long and it was boring to me. (Actually I studied clinical psychology but have never practiced).

It was at a time where you said: ‘Internet — what’s that?’

How did you start working with Antonio González-Barros?

When I left the bank I started working in a school focussed on technology. Antonio was the neighbour of the school were I worked and that’s how we were introduced. Antonio was introduced to Axel Serena, a youngster at that time who had lived in the USA and was the first to tell us about Internet. He told us about Internet at a time when in France people were using Minitel.

In May 1995 we founded Intercom as internet provider. Antonio brought together 30 friends, who were all fascinated by email.

In 2000, before the crisis started, Intercom was bought as one of 10 Internet providers but in these past five years other than the Internet provider we had started different classified sites like Softonic of Infojobs.

On Infojobs uploading your CV was free but the companies publishing job offers were paying for the service. After the first three offers we had different ad packages for companies. Monster, leader on the US market, spent an enormous amount of money on the market but there was not much they could do. Infojobs kept growing and became a monopoly.

From then on this was our success at the new Grupo Intercom: To achieve that these classified sites converted into leaders in their category. Softonic for Software, Infojobs for the job market and later on Emagister.

Did you start investing after selling Intercom STA (Servicios Telemáticos Avanzados), the Internet provider?

Yes, we invested in new businesses, some went well others didn’t. There were some business models that had worked in the past but were hard to replicate in 2008/2009.

I remember that in ten years 1999 to 2009 the value of a participation in Infojobs grew from 100 to 3124.8 Euro. in 1999 the 100 were pesetas in 2009, the 3000 were Euro. This is really hard to replicate.

What are you looking for in an entrepreneur for you to invest?

Excel sheets adapt to anything but what really counts is the person.

When you meet somebody, you see the enthusiasm, you connect on a personal level. I am looking for honesty, somebody who is engaged and is hard working. For me the important factor is the team and the entrepreneur who manages it.

I think we invest emotionally and then we rationalize.

Is it important for you to know who invests? Do you lead or co-invest?

I have been in both positions. It’s good to know who else is investing and to be able to exchange opinions. It’s important but not determinant, it’s not a sure fire rule.

Actually I think there are no rules, you kind of improvise.

As a psychologist, what is the profile of entrepreneur you are looking for?

Firstly, the attitude is more important than aptitude. With attitude alone you cannot work of course but for me attitude comes first and then the capacity to create what you want, to learn what you set yourself.


Listen to our podcast to learn more about Grupo Intercom’s beginning and development story. Learn more in this Podcast in Spanish on our Youtube channel, listen to it on iTunes or enjoy it through iVoox and subscribe to our newsletter to stay always up to date.

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E.

Essential Podcasts for Entrepreneurs & Tech Lovers

Podcasts are a great way to discover new subjects and new people. Whether you are a tech lover or an entrepreneur, bellow you will discover podcasts for entrepreneurs you should – without a doubt – listen to. 

Itnig Podcast with César Migueláñez, Bernat Farrero and Carlos Pierre
Itnig Podcast with César Migueláñez, Bernat Farrero and Carlos Pierre

« Masters of Scale » 

with Reid Hoffman

The host: Reid Hoffman decides to turn to the corporate world instead of pursuing a university carrier. He worked for Apple, Fujitsu for then starting his own business: SocialNet and left it in 2000 to join Confinity. Confinity gives life to Paypal after fusionning. Finally, in 2003, Hoffman co-founds LinkedIn. He is Master of Scale’s host. 

About: The podcast welcomes some of the greatest entrepreneurs. You will discover throughout the talk how they managed to take their companies from 0 to a lot of zeros. You can listen to Masters of Scale’s special guests like Mark Zuckerberg (Facebook), Selina Tobaccowalla (Evite), Brian Chesky (Airbnb) or Nancy Lublin (Crisis Text Line). Must-hear: one of the top tech podcasts for entrepreneurs.

Listen to the podcast: On their website, Apple Podcasts, Spotify and Youtube

The Team: Reid Hoffman, June Cohen, Deron Triff and Jai Punjabi

« Rocket » 

with Christina Warren, Simone de Rochefort and Brianna Wu

The hosts: Christina Warren started as a Freelance Writer. Then, she worked at Mashable as a Senior Tech Analyst and Tech Correspondent and ended the journey at Microsoft as a Senior Cloud Developer Advocate. About Simone de Rochefort, she is  Senior Video Producer and co-host of The Polygon Show. Brianna Wu founded her first startup at the age of 19, Giant Spacekat. She was Head of Development at the time. She is now running for US Congress. 

About: In this podcast, you will discover three passionate women and their “geek conversation” as they like to call it.  No guest speakers, but you will be able to listen to a panel of tech subjects from Apple to Comics, you will not be disappointed. 

Listen to the podcast: On their website, Apple Podcasts, Overcast, Pocket Casts, Spotify and Castro

« This week in Startups »

with Jason Calacanis

The host: Jason Calacanis starts as an internet industry journalist in New-York. In 2003, he co-founded Weblogs, Inc and then a few years later he joined Sequoia Capital, launched the web directory Mahalo. He also founded ThisWeekIn.com. Furthermore, he created This Week in Startups podcast and a startup named Inside.com. Finally, he was part of the creation of the Sydney Launch Festival. 

About: Either you are looking to start your own company, or you are a successful entrepreneur, or you just love technology, this podcast will give you a peek to the entrepreneurship world. You will hear stories of all kinds! On his website, you will also find his events and some research on transportation, healthcare and more. This is one is part of the tech podcasts for entrepreneurs not to be missed.

Listen to the podcast: Apple Podcasts, Youtube, SoundCloud and RSS Feed

You can also subscribe to their newsletter in order to receive episodes directly. 

The Team: Jason Calacanis, Jacqui Deegan, and Tony Agapiou

« Recode / Decode » 

with Kara Swisher

The host: Kara Swisher is an American journalist specialized in the technology industry. She first started to work for an alternative newspaper in Washington for then working for the Washington Post. She wrote articles for the Wall Street Journal and New York Times and wrote her own books. Finally, in 2014, she created Recode, a website dedicated to the latest technology news. In 2015, she initiates Recode Decode. 

About: The weekly podcast welcomes tech experts and great entrepreneurs. They review how they got there, what’s on their mind about the current industry and what they would improve or create. Her recent guests were Elon Musk (Tesla CEO), former Secretary of State Hillary Clinton and Mark Zuckerberg. 

Listen to the podcast: Apple Podcasts, Google Podcasts, Spotify, Stitcher, and TuneIn

« K Fund PodKast »

with Jaime Novoa

The host: Jaime Novoa’s background is quite diverse. He is a writer and an investor, but he also worked in data analysis and social media analysis. In 2014, he founded Novobrief, a newsletter for startups. Then, in 2016, he becomes an investor at K Fund and he founds, in 2019, Dealflow, a weekly tech newsletter. 

About: The podcast discusses startups, entrepreneurs and Venture Capital. You will discover enterprises and their story. From data science, unicorns or digital platforms, you sure will find more than one interesting podcast. 

Listen to the podcast: On their website and Soundcloud

« Clockwise »

with Dan Moren and Mikah Sargent

The hosts: Dan Moren is an active author and writer as well as podcaster. He was a Senior Editor at Macworld. Today, he hosts two podcast shows: Clockwise and The Rebound. As for Mikah Sargent, he started as a Website Designer and Developer for then switching as a Senior Editor at Newsy. He now hosts few podcasts such as Clockwise on Replay FM or on TWiT.tv. 

About: The weekly podcast discusses technology and welcomes each time 2 special guests. For 30 minutes, they address 4 topics where all four speakers get to elaborate on the matter, highlight the issues and expose their thoughts. 

Listen to the podcast: On their website, Apple Podcasts, Overcast, Pocket Casts, Spotify and Castro

« Itnig Podcast»

with Bernat Farrero

The host: Bernat Farrero starts his career as a Developer. In 2009, he founded Itnig, a startup ecosystem that organizes entrepreneurship events. They also have a coworking for startups, a podcast and a fund for early-stage projects. Furthermore, he is a Founder of Factorial, Quipu and Camaloon. He is also a Board Member of Playfullbet, GymForLess and Parkimeter. Finally, he hosts Itnig’s weekly Podcast. 

About: The podcast welcomes every week a new guest. If you wish to learn from successful entrepreneurs, you are on the right platform. The discussions turn around Technology and its industry. You will come across guests like Carlos Pierre (Badi), Vincent Rosso (BlaBlaCar) or Oscar Pierre (Glovo).

Listen to the podcast: Youtube, Spotify, Apple Podcasts, Ivoox, and Google Podcasts

You can subscribe to their newsletter if you want to receive the podcast’s link every Monday. 

Whether you are at an early stage of your project, an investor or you are just curious, these podcasts for entrepreneurs give you the opportunity to be updated on tech and business news. Also, you get to learn from successful international entrepreneurs, which can definitely be very useful for your business.