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Visionary skills are needed to know where to invest our money during the Covid-19 epidemic, since we still do not see what the world will be like in 1-2 years, not only the economic analysis but also the health opinions are very dispersed. – Péter Oszkó, founder and chairman of the board of OXO Technologies Holding, spoke about this at an event on Friday. According to him, there are very different opinions about how consumer habits change, to what extent they change and, in general, which way they take.
At the same time, we are seeing that digitization has accelerated and there is a much greater need for innovations that humanity has embraced so far but is now facilitating even more.
Péter Oszkó said he is the finance minister of the Bajnai government and remains so today
he sleeps well because he has managed to make strategic decisions, invest in companies that prove profitable despite the threat of the virus.
The “core” of OXO Technologies Holding came together by adopting start-up technology projects, “then others had similar passions, a common position emerged”. A much more efficient way to build a large, common portfolio: If one in 30 companies closes, you don’t have to worry about diversification. Besides a great portfolio, of course, everyone has different types of investments in the area in which they participate.
Market participants are procyclical
Oszkó’s venture capital firm selects between 300 and 400 incoming inquiries a year, and the board receives far less. Of those who enter, 30 to 40 percent pass through the sieve and assemble it. With this incredibly big noise, it’s not easy to make the right decision, but the diversity, the variety of industry knowledge, is an advantage. It is a mistake to believe that the need for financing increased during the crisis, on the contrary, the number of companies that visit them for capital investments has decreased in the recent period. “Those who have a new idea now have less.” However, the number of people turning to them to buy your business is growing, because OXO is already doing so.
Anna Apró, an investor at OXO Technologies Holding, spoke about the need to always have patience to make an investment, manage risk and adapt to challenges. should.
As investors in the technology sector, we see that the home office has benefited from digitization, and we can be sure of that.
Szabolcs Botond, another investor in the company, agrees with this, according to him, the prospects as a technology investor are good, processes that otherwise would have lasted 10 years have now been accelerated, many new opportunities have opened, they have failed many working models and vice versa. viable during the crisis.
Investor Róbert Héjja compared the current period with the sinusoidal curve, once up, once down, said the expert.
Everyone would grow
As is well known, a nearly 500-page report from the United States House of Representatives was completed that addresses abuses of competition in the technology market. A report by near-Democratic members of parliament for nearly 16 months claims that the top four tech companies are abusing their dominance, causing the US House of Representatives to split Apple, Amazon, Facebook and Google. Opportunities for growing companies would only expand if the giants were fragmented, it would not be optimal for the market to be monopolized, the event said. Big companies are dominant, acquiring their smaller counterparts at an early stage, who therefore cannot rush and develop further, although it is also true that if they break the giants they will also want to grow again in the future.
Equity investors want unicorns instead of global giants ($ 1 billion worth of startups), no question about that.
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