Business Unusual

How unicorns turn into donkeys

Unicorns are startups that rapidly become valued at over $1 billion, sometimes those valuations prove to be wrong especially when a business casts itself as a fintech disruptor in order to attract venture capital investments that was actually a regular business with a persuasive CEO and a good backstory. This is the story of Greensill Capital - the super abridged version. In this story you will hear about small suppliers being hard done, you will hear about supply chain financing and you will hear about big investments and circular dealing. Audio credit: Bloomberg 


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