Trust is in short supply. At Astor Perkins, they go beyond the due diligence of most VCs. They get into forensics. Most startup founders don’t start out to defraud investors. It happens over time. It’s looking for small clues and nascent behavior that could indicate a potential problem or a legal matter down the road. It’s not simply a matter of financial auditing. It’s trying to piece together the flow of money between different legal entities. What are they hiding? It’s interviewing executives and employees for behaviors of secrecy, obfuscation, ethical lapses, lack of governance and controls and a potential toxic culture. Scott and the team at Astor Perkins see it as their duty to LPs to not only deliver solid fund performance and long-term results but to invest in sound, well-governed startups that have the best chance of becoming the next trillion-dollar company.
Disruption is a great term, as long as it’s being applied to your competitors and not your firm. Exponential technologies are creating disruption. The convergence of exponential technologies is expected to disrupt almost every sector and business. Changing trends are forcing leaders to take a hard look at their business models and core competencies. New entrants are threatening to displace “cash cows” and prominent brands. How is your company positioned to take advantage of the multi-billion dollar opportunity that beckons? Or is your business at risk from the advances in technology? If your company is not embracing technological and business model changes, it may be in danger of becoming obsolete.
Amyx – managing partner at US-based VC fund Astor Perkins – says deep space is a trillion-dollar global market opportunity. He will travel to Australia next month to talk about all things space tech and how it might impact Australia’s $80 billion agriculture at AgriFuture’s national agriculture conference.
Deep space expert Scott Amyx is heading to Australia next month to talk space tech and the $US1 trillion market opportunity.
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