Ausbiz: Bailador invests additional $10 Million in InstantScripts
Bailador's Paul Wilson says he's not daunted by market volatility, saying the (BTI) portfolio has performed well despite the recent market turmoil. He's so confident in the company's portfoilio holding InstantScript that Bailador invested a further $10 million in the digital healthcare platform. The investment was a secondary, with Bailador and another third-party institutional investor stepping up to buy shares. As a result, Bailador's pre-existing position has gone up by 30%.
On the Silicon Valley Bank insolvency, Paul says the event shines a healthy light on risk management practices and that companies should understand where risk can come from. He also noted that companies should have proper risk management processes in place, especially when they are at the stage of having $30-50M dollars in revenue. Listen for his take on the collapse and what it means for the Australian VC and start-up ecosystem.
Click here to watch the interview.