Singlehurst: Uninformed investors will create hardship for startups in downturns
Peter Singlehurst · Peter Singlehurst: The Most Powerful Investor You've Never Heard of | 20VC #907 · 20VC with Harry Stebbings · Jul 15, 2022 · at 24:44
Peter Singlehurst, Head of Private Companies at Baillie Gifford, discusses the long-term fallout for startups that took capital from rushed investors without thorough diligence.
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“I think the sad thing about that is the people that will suffer from that is, is the companies themselves, because they will have ended up with shareholders who don't fully understand what it is they've invested in. And that's kind of fine when everything's going great. But it's in difficult times like we are in today, where I think that will end up being difficult for the companies who have shareholders who haven't really understood what it is they've invested in.”
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