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First week of “relax” and meetings to celebrate my well-deserved holidays. Having been for so long on the infrastructure world, logically I’ve been catching up and meeting people from banks, private equity firms and infrastructure investors, in general. In a coffee with investors talking about how I could help them in the future, I was asked something like… why would I be a good advisor for them. I was thinking that we were practising the art of conversation and coffee tasting and this caught me totally out of guard. “Because I scored you many goals” – without thinking. ​ Not the best answer, I’m afraid, but they loved it, and we could continue our coffee. And you know that I love coffee… Well… I correct. You know that I love good coffee… ​ And why did they like my answer? Well… This is a constant in business. ​ If you wonder, why the FBI uses hackers to protect their IT system or help them to “spy” on others’ computers… well… I’m sure you can guess. The best security guys can perfectly be former robbers. So, I guess that someone wanting to buy infrastructure, or any other thing would love to have a seller from the other site of the table advising them. I know where all the tricks and flaws could be in an asset. I’ve delivered many. It’s like buying a house… you would love to have a former real estate agent with you. Don’t you? ​ If so, and you want to learn a few tricks about infrastructure, you need to take a look to this. ​The 15 Top Lessons of a PPP Project Nightmare - The audiobook​ ​ PD 1: If you liked this email, don't keep it in secret and forward it to a friend. They will thank you enormously one day. PD 2: If somebody has sent you this email and you want to receive emails like this yourself, visit vicentevalencia.com PD 3: If you want unsubscribe, click the link below. ​ ​ |
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The New York Times (1920) “A rocket will never leave the Earth’s atmosphere.” — The New York Times, editorial. 49 years later… “The Times regrets the error.” — The New York Times, July 17, 1969 (the day after Apollo 11 launched) 1952 – Lee de Forest, a legendary and respected engineer, (Father of Radio) “Man will never reach the Moon… Mortals must live and die on Earth.” 1956 – Sir Richard Woolley, Britain’s top astronomer. “Space travel is utter bilge.” — Sir Richard Woolley, Astronomer...
Recently, I had the opportunity to provide some advice to someone living in Africa. He is advising the Government on a new series of PPP. The next target is the rehabilitation and transformation of two old buildings into landmark spaces to be used by the Government at 60%. The rest… lot of flexibility. Maybe too much. And lots of unknowns. To make this project attractive, or at least palatable we should provide to the proponents either access to the buildings so that they can satisfy...
In a recent interview, an expensive consultant… those that charge you for their offices in the middle of Manhattan and all the MBA fees of the Ivy League graduates, responded the following on TV to this question: “Are there some main causes behind startup failure?” The answer was: “Yes. There are.” Which ones? No market need – 42% Ran out of cash – 29% Not the right team – 23% Got outcompeted – 19% Pricing/cost issues – 18% Poor product – 17% Flawed or missing business model – 17% Poor...