Recent news article on Charles Firmin-Didot at the AXA, who has pioneered so-called “talents equity” investment philosophy caught my attention. This fund primarily invests in public companies operated by visionary entrepreneurs. It is easier to be said than done to create objective matrix to track and measure those high profile entrepreneurs and their track-records (I.e. long-term operating outcome.) Often times, we’re lost in quantitative measurements to gauge probability of success. Though, as always, people who are behind the scene, are most important when you look for a new investment. I totally agree with this talents equity’s idea as venture investment’s biggest asset on the balance sheet is not cutting edge technology itself, but sound management team crafting a new business with new ways of solving the problem. Oh well. We miss you, the rock-star entrepreneurs!
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Noble Ambition 