269 0 Kommentare Victory Square Technologies Reports Record Net Income in First Quarter 2020 - Seite 3

Looking ahead, the crisis is sure to spur continued innovation, as businesses and entire sectors reorient and new market demands continue to emerge. I realize that not all sectors will thrive during the downturn, and many businesses are facing stark choices right now. For me, it is critical to be respectful of those challenges, while also acknowledging the opportunities for Victory Square and our portfolio companies. Downturns offer openings to make strategic acquisitions at a significant discount, enabling us to expand influence in key sectors. The talent market has shifted and senior team members can now be added to our existing rosters. Debt and financing are in high demand among companies with limited capital reserves, opening up new revenue streams. As Warren Buffett has noted, “Cash combined with courage in a time of crisis is priceless.” We are positioned to take advantage of all of these trends, enabling us to grow our portfolio companies and add value in the months and years ahead. While much remains uncertain at the moment, one thing is clear: the pandemic will pass and we will collectively emerge stronger from it. As a society, we have been tested before, through wars, health and humanitarian challenges and economic setbacks. In each instance, these trials unleashed unprecedented innovation and growth. Although it might be difficult to see now, this crisis will be no different. Businesses which are able to channel their resources and remain and take an offensive approach will emerge far stronger, as we’ve seen so many times in the past. It is no coincidence that some of the most dominant technology companies today, including Netflix and Amazon, counted the Great Recession as an inflection point. They were able to seize new ground, gaining customers and improving technologies, as legacy players stumbled. And they never looked back.

The success of Victory Square is anchored in the dynamic combination and synergies of people, ideas and capital. Going forward -- armed with access to a $10,000,000 convertible note -- we are well equipped to leverage these resources to successfully build, develop and support companies in the global technology sector with the objective of creating long-term value for Victory Square, its network of companies and its shareholders.

Ultimately, Victory Square’s team is committed to building a new breed of companies set to become this decade’s next technology giants.