Rotman: QED offers intended as top bids were outbid by 2x
Frank Rotman · 20VC: 13 of the Great Investing Minds on When to Pay Up vs When To Remain Disciplined and Walk Because the Price is too High: The Ultimate Guide to Price Sensitivity · Aug 12, 2022 · at 13:14
Frank Rotman, Founding Partner at QED Investors, discusses how competitive market conditions forced QED to stretch on valuations, only to still be underbidding rivals.
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“We've done it with a number of companies over the past year where the environment has just shifted so quickly, where I thought we were offering the highest price that we could, and it was the lowest by a factor of two.”
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