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How the Future Fund got lost investing in big data

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cmtoo 23-May-20, 22:40	How the Future Fund got lost investing in big data It won't be long till the world discovers whether one of Silicon Valley’s high profile unicorns, MapR, will survive. The outcome will determine, among other things, whether Australia’s Future Fund has dusted its contribution to a $77 million MapR equity raising. The plan was for MapR - which at its peak was capitalised at more than $1.4 billion - would list in the US to provide an opportunity for its investors to cash in on its growth. Instead, in 2017 it opted for another round of private funding - this time $US153 million ($221 million). It was at about the same time the company was heralding that sales had grown 70 per cent and it was looking at international expansion. Fast-forward a couple of years and MapR is circling the drain, its chief executive has been replaced and it is desperately hoping to find additional investors to pump in capital sufficient to keep its head office open and its staff from joining the unemployment queues. The trouble is, what is hot in the technology sector can change rapidly and without an exit strategy investors like the Future Fund can be stuck on deck when a company is sinking. With the value of hindsight it's now clear this aspect of big data is a trend that the Future Fund didn’t pick correctly. From The Age From another thread - cmtoo

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cmtoo
23-May-20, 22:40

How the Future Fund got lost investing in big data

It won't be long till the world discovers whether one of Silicon Valley’s high profile unicorns, MapR, will survive.

The outcome will determine, among other things, whether Australia’s Future Fund has dusted its contribution to a $77 million MapR equity raising.

The plan was for MapR - which at its peak was capitalised at more than $1.4 billion - would list in the US to provide an opportunity for its investors to cash in on its growth.

Instead, in 2017 it opted for another round of private funding - this time $US153 million ($221 million). It was at about the same time the company was heralding that sales had grown 70 per cent and it was looking at international expansion.

Fast-forward a couple of years and MapR is circling the drain, its chief executive has been replaced and it is desperately hoping to find additional investors to pump in capital sufficient to keep its head office open and its staff from joining the unemployment queues.

The trouble is, what is hot in the technology sector can change rapidly and without an exit strategy investors like the Future Fund can be stuck on deck when a company is sinking.

With the value of hindsight it's now clear this aspect of big data is a trend that the Future Fund didn’t pick correctly.

From The Age

From another thread - cmtoo

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