Loogic English

Enrique Dubois confirms the news that Carlos Blanco had advanced about the acquisition of Wamba by Mio.tv. The figures of the operation, not refuted until now, could be between 4 and 6 million euros. Some considerations with respect to it:

In the sector, people had commented on the interest of the founders of Wamba to grow the project and sell it off when presented with an interesting offer, but what was not expected was such a fast sale mostly because of the current economic situation. It must be taken into account that the initial capital invested in the company was 650.000 euros by the founding team and Matias de Tezanos and in September 2007, Morten Lund purchased a 40% stake in the company for 3 million euros, although it’s not clear whether the investment was realized in its totality. In case of confirming the figures of a sale of between 4 and 6 million, it seems that the return on investment obtained would not be too big. Also should be considered the purchase of the forum Vagos.es that considerably increased the traffic at Wamba and although it surely has given them many integration headaches, it also should have been a decisive factor to set up the social network in a good situation for a sell off.

Mio.tv? Frankly it’s the first time I have heard of this project founded by Manuel Garcia-Duran, who had been a director at Telefonica and Antena 3, and who wants to revolutionise the internet TV sector targetting the hispanic community in the United States. At the presentation of the project at the end of 2007, they said the company would be worth 1.000 million dollars in 2008. I think they haven’t achieved that goal (in one year, they wanted to be worth more than half of what Google paid for YouTube, now that is setting high goals) although they must have some cash on hand to carry out an operation such as the purchase of Wamba. I’m not sure if this acquisition fits very well in the strategy of Mio.tv. At first glance, it could seem like an acquisition similar to that of Vagos.es, mainly done to add users.

We have talked about Vinogusto (available in English) on other occasions and now we return to it as it has closed its third round of funding with 355.000 euros that add up to the 150.000 euros received in 2007 and 200.000 euros received in 2008.  With 705.000 euros of total investment, the project has achieved a good base of funding that should help it become the leader of the social networks on the subject of wines, at least in Europe.

It’s interesting to see the comparison with other wine related social networks that we know of here: snooth, vinogusto, vinix.it, yvinos and descorchados. The competition is clearly between Vinogusto and Snooth which has just received an investment of one million dollars as mentioned by François Derbaix, and who practically double the investment received by Vinogusto but the traffic is about the same.

The 355.000 euros of investment in Vinogusto come from the previous investors in the company and new individual investors who enter into the business as partners.

It seems that internet and the world of wines get along very well. Lately, there are a lot of blogs, online shops and social networks proliferating around this theme.

Vinogusto is one of those social networks about wine, which we talked of when it received a round of investment and now is worth talking about for the good results it is showing.

When i see cases such as the growth achieved by Vinogusto, I start thinking that there are internet entrepreneurs who have a kind of sixth sense and are capable of creating winner projects whatever they do. François Derbaix is one of those entrepreneurs who has made it with TopRural and is now helping this project succeed as an investor and advisor.

It’s worth taking a look at Vinogusto because i believe it’s a very good example of a social network with open content, where the users create value mostly through their comments. 100.000 user opinions in the community, a great example of what Jesus Encinar was describing the other day as businesses based on user opinions.

Another aspect that stands out is its simplicity, which in other words we call Usability, and that is the secret to gaining the involvement of basic users through their active participation in a web they find easy to use.

The mobile version of Tuenti was the theme of the conversation on Tuesday in Seville with the friends of Flowers in Space. It was Bernardo Hernandez himself who talked to us about it and we immediately turned to our mobiles to try it out.

The first thing that draws your attention the moment you enter m.tuenti.com is that it asks you what you are doing at the moment, which means we are talking of microblogging or a Twitter within Tuenti.

If you continue surfing, you see that you have access to your profile, to see your list of contacts and to the messages in your inbox. Clicking on the profile of your contacts, you can see the photos they have uploaded, and as Javi Hernandez puts it, this could be a danger for the productivity in classrooms because of students browsing photos on their mobiles.

Another topic that I find very interesting is the phone list, from which you can access those contacts who have entered their mobile phone number in their profile information, so now there could be people who have their phone list in Tuenti.

I would like to know if, with the launch of the mobile version of Tuenti, there would be an increase in flat-rate contracts for internet connection on the mobile. I have the impression that with time, many young people would want to go for a flat rate to avoid seeing their mobile phone bill shoot up with the use of m.tuenti.com

Ana Belen Ramon, better known as Missha in the world of web design has informed me about the launch (in the “preview release” phase) of Wolpy, a social network for travellers to share their travel experiencies.

Missha is responsible for the design of Wolpy (I love the design, congratulations Missha) and the programming has been done by Miguel Abad.

Having launched in “preview release” for now, Wolpy only allows you to create a map of the places you have visited in your trips and to carry out reviews of the places mentioned. As in all social networks that take pride in themselves, you can share these places with your friends and get to know the places that they have visited.

Once the launch phase is over, the next step would be to allow users to upload photos and videos of their trips besides being able to recommend other users on the places to visit.

The ultimate goal of Wolpy is to become a collaborative travel guide on a global scale.