Tech stock investor Bailador bets on tailwinds for sector

By Tim Boreham, The Australian via

Tech stock investor Bailador bets on tailwinds for sector

Given the choice of heading legacy media and printing dinosaurs or being free to pick up-and-coming tech investments, David Kirk knows where he would rather be.

“I have worked in sectors with headwinds and tailwinds and working for those with tailwinds is more fun” says the former CEO of Fairfax Media and PMP (and current chairman of Trade Me). After leaving Fairfax in 2008, Kirk teamed with Champ co-founder Paul Wilson to create tech stock picker Bailador, which listed in November 2014 in a $62m raising.

Bailador invests in unlisted plays, the sweet spot being $2m-$10m of recurring revenue. It always takes a board seat and uses convertible preference shares that cap the downside without cirmping the potential gains.

Bailador argues that similar funds globally trade at a premium to net asset value, such as Imperial Innovations of Britain, which has changed hands at up to 50 per cent above the odds.

To read the full article, Click Here

More Industry News

Mary Meeker 2017 Internet Trends report released to tech industry

Mary Meeker’s annual Internet Trends report has been released at Code Conference at the Terranea Resort in California
Read more

Let Your Customers Tell Your Story

Establishing a presence across leading social platforms (Facebook, Instagram, Pinterest, Twitter, LinkedIn) is paramount for a business to engage with its customers. Yet, is this use of social media in a brand’s marketing strategy enough to remain competitive? Andrea Kowalski of Bailador writes about the power of User Generated Content.
Read more

Eureka Report : We’re happy holders of Bailador

Mitchell Sneddon in Eureka Report : Eureka recently took a 5% holding in Bailador and is now holding. Mitchell Sneddon speaks with David Kirk about Bailador's success.
Read more