Founder of LaRedInnova.com at IE Business School

Entrepreneur session 10:

Pablo Larguia

 

“Should entrepreneurs choose their VC? BULLSHIT! Money is money… get all you can!!”

… ok, perhaps an intensification of the words Pablo actually used…but the message is the same! 

Money is green everywhere… a phenomenon that Jorge Mota, the fundraising guru totally agrees with.

But my favorite line was this one:

“Having as much money as possible is not good? What the H… of course its good to have as much of it as possible!!!”

This was the respond  to some of the tweets we had made in our previous discussions. In the session we had with Gabriel Aldamiz, the Founder of CHICISIMO,  it had been discussed that “having little money is good as it keeps you focused.”

I don't completely disagree with this view, as you really must focus to decide what to spend your money on... but, perhaps not necessarily focusing on what you actually need to do with your business.  

I shared my view on this in a previous blog post: 

“Sometimes, limited resources might make you desperate and could result in you taking the wrong decisions and giving into situations that end up distracting your initial focus. It could also limit your growth to the extent that no matter how great your idea is, it never reaches its real potential.”

So I have to admit that I'm more with Pablo on this one. If you have a plan and you know what you are doing, money surely helps. If you don't have a good execution plan, well then it makes no difference if you have or not!  So... 

....a Good idea + Brilliant team to execute the plan + More money than less to pay for a rapid growth! 

More about Pablo Larguia: 

An outgoing charming young man with a good sense of humor, who between six months of discussing an idea over coffee at Starbucks, planned, executed and launched his company!

Pablo is the Founder and the CEO of LaRedInnova.com  An event based conference that provides a setting for opinion leaders, governments entities, academics, investors and entrepreneurs to share experience, ideas and of course to connect.

It may sound easier than it is. However, while the concept is simple enough, it is rational to assume that it requires constant networking, constant reinvention of an attractive environment for all different participants who are all there for different interests.

At the same time, while choosing a hot theme for the event that is exciting, topic of the day and not repeated, ensuring that all key participant are sourced and are all available at the same time. This requires a lot of relationship building and possibly the reason why Pablo commented that:

“being an entrepreneur is being a sale person 24/7” 

His next event will be held in Madrid on June 2011: