Perhaps Sigma is not the typical start-up. It’s an almost complete team, for one, with a track record that anybody with a Mercer survey from 2008 or earlier can look up. Its youngest member is 35, and presumably none of them are in a desperate hurry for an incubator to pay them a wage. But a line from Giubin deserves consideration from any would-be incubatee. “When you sell your equity early, you sell it cheap,” he declared last month.
02/10/2009
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Opinion
The roughly US$2 trillion ($2.8 trillion) sell-off in the global software sector since September 2025 is, while a painful drawdown for growth investors, also a timely reminder that asset owners should be more alert to stock-specific dispersion and hidden concentration risk inside portfolios, writes JANA head of research execution, Matthew Gadsden.
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