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
There is broad consensus in industry and Canberra that the collapses of the Shield and First Guardian master funds – and failures that led to them – demand a regulatory response. But getting that response wrong could create an uneven playing field in the industry and some counterproductive consumer outcomes.
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