FDV frontier digital ventures limited

Ann: FY19 Results Conference Call Transcript, page-2

  1. 3,555 Posts.
    lightbulb Created with Sketch. 374
    Great insights there.

    Shaun gave a pretty succinct summation of why they had to exit Propzy and it sounds like the right decision.

    "Some of the direction that the entrepreneur wanted to take that business in, we didn't think
    was a sustainable, scalable direction. And it became evident to us that to pursue that path
    was going to be extremely expensive and require a heck of a lot of capital
    . Our view on that
    was that it was not necessarily the right way to go. And, that was probably when we started
    to reassess the investment."
 
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