Busy week ahead. I hope to meet with the representative of a group of Angel investors this week. I have been working since the completion of the Guatemalan project on an idea for a new company focused on wireless technology. The response to my initial executive summary has been encouraging, but there is still much work to be done.

The truth is that after five years, I have grown tired of the original charter of Grupo Utopia. To be sure we have acomplished some incredible things on the small investment we started the company with. GU has become synonymous with high technology leadership. We have forged relationships with some of the biggest technology companies in the world, including Intel, Oracle, IBM, Motorola, Palm and HP, and we have created a buzz about wireless technology and high technology in general. We have also created a strong brand...

So why start a new company?

There are many reasons, but the primary one is to seek a level of investment that will allow me to develop some exciting new concepts. With the ownership structure of GU, it would be hard to raise sufficient funds to do so, without long and drawn out negotiations with existing investors. I plan to refocus GU on Call Center Consulting, while structuring the new company to be 100% focussed on wireless and associated technologies.

One of the great things that has come out of my adventures has been developing a relationship with the Press. GU is one of the most written about companies in Costa Rica.

This week, I have two interviews appearing in the local business press. This picture is from one of the Interviews.I am frequently consulted about trends in Outsourcing or wireless technology.

Both subjects are hot right now, as Costa Rica struggles with more competition from other countries in the region, as an outsourcing destination, and as ICE (The National Phone Company), is finaly working to make their three year old GPRS wirless network a "real service."

RACSA, ICE's official Internet subsidiary has also put together plans for the launch of a Metropolitan Area network of wirless hotspots, more than likely 802.11B or G.

So wireless is about to take off in a big way in Costa Rica, and we want to be there to take advantage of the trend. Five years ago, Grupo Utopia installed the first, "Public," wireless network in Costa Rica, at the Palma Real Hotel, and then we stood by and watched the market explode with public access points at almost every major hotel here. We made ZIP off of our Pioneering efforts. We will NOT miss this opportunity!

I have never been a believer in LUCK. I believe in Destiny. The two interviews appearing this week were not planned, they just happened, as I got a call from a reporter friend who was in the process of writing them. The timing is perfect...

TrackBack URL for this entry:
http://www.grupo-utopia.com/blog/mt/mt-tb.cgi/1702