Short Briefings on Long Term Thinking - Baillie Gifford

Private companies: backing tenacious trailblazers

17 snips
Dec 9, 2024
In this engaging discussion, Alexander Nicolier, an investment manager at Baillie Gifford’s Private Companies Team, dives into the transformative impact of private companies on the market. He highlights the exceptional growth of companies like SpaceX and Epic Games, explaining why founders opt to remain private longer. Nicolier also underscores the importance of deep research in navigating early-stage investments and reveals the promising opportunities present in vibrant ecosystems like Latin America. He advocates for valuing the unique contributions of restless entrepreneurs in driving innovation.
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INSIGHT

Misconceptions about Private Companies

  • Private companies are not just Silicon Valley startups.
  • They are real businesses, some valued at over $200 billion, and many choose to stay private longer.
ANECDOTE

Building Relationships with Founders

  • Alexander Nicolier traveled to Latin America and met with numerous companies, some introduced by a founder of a current holding.
  • This demonstrates the power of relationships and trust in private company investing.
INSIGHT

Baillie Gifford's Reputation

  • Baillie Gifford's reputation as long-term, growth-focused investors attracts private companies.
  • Founders seek them out for their patient approach and ability to support growth.
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