Leaning Into Your Expertise w/ Ben Harburg
Real Vision: Finance & Investing
00:00
How to Venture Out of Your Area of Expertise
We made an investment, for instance, in the cloud kitchen business that's done very well. Since we since we invested has increased in valuation almost 15x and become a unicorn. We know from our understanding in China that actually this is a model that usually struggles. It ultimately forms a part of a value chain that's essentially just incorporated into the food aggregators and delivery houses. So it's an example of a model that we should not have invested in because we know it ultimately doesn't work in China and we think ultimately will struggle elsewhere in the world.
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