In the last few years, we have seen major business disruptions happening due to cheap internet and smartphone penetration. With the technological innovations, the innovators are playing a disrupting role in the economy. With the advent of cryptocurrencies like Bitcoin, these tokens are being unofficially used as a currency without Government or central bank oversights. Such disruptions were never thought of before.
But Crypto’s aside, we see that technology is playing a disrupting role in medical, defense, education, finance and almost all other activities. At GVFL our intention has been and continues to be to support entrepreneurs who are disrupting the industry for a larger good. If the technology is scalable to better the lives of millions of people, we are ever ready to make an investment.
To answer your second part, Covid and Lockdown did create a lot of uncertainties with us as well as in our investee companies. By the grace of God, none of our employees or the entrepreneurs of the investee companies were affected severely by Covid. During Covid induced lockdown, our major emphasis to our investee companies was to preserve cash. This was not a major worry because as an investment thesis we do not invest in cash burn business models, but we still had our eyes on the cash component in every business. A couple of our investee companies that were under change of business plans ran out of cash, but we were quick to do follow on investments into these companies.
Please let us know how the journey began 30 years ago?
هذه القصة مأخوذة من طبعة October 2021 من Indian Economy & Market.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة October 2021 من Indian Economy & Market.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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THE REALITY OF CORPORATE ESG INITIATIVES
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Recent intelligence from a variety of sources points to an Israeli war against Hezbollah, which is an Iranian proxy. Hezbollah is systematically attacking Israeli bases, radars, intelligence-collections facilities and other defense system components. Now the attacks are spreading to include Israeli settlements in the West Bank and Galilee. You’re just not hearing about it in the mainstream media. These attacks have three effects: They break down Israeli military and intelligence systems, terrorize the civilian population and handicap Israel’s ability to conduct air attacks on Syria or Lebanon. James Rickards points out why all these are imminent.
