Javier Ulecia and Miguel del Cañizo have known each other since 1990 when they started working together at Renault in France just after they finished their engineering degrees.
Ten years afterwards, Javier and Miguel collaborated in the launching, management and posterior closing of an Internet Incubator named Doing, focused on broadband products and services (May 2000-March 2001).
After closing Doing, and around the middle of 2001, they started, with the strategic and financial support of Bruno Entrecanales, a new fund (Bullnet Capital I), with the aim of eventually becoming one of the reference players in the incipient Spanish technology VC market.
At that moment, given the very little interest of the investment community in technological projects, we decided to swim against the current and establish our fund on several, basic arguments: