Yagnesh Sanghrajka, CFO at 100X.VC on "Delay in WeWork's IPO" story

Yagnesh Sanghrajka, CFO at 100X.VC, Founder at PinG Advisory Services LLP and Mentor at 91springboard.

Below is the comment by Yagnesh Sanghrajka, "Delay in WeWork's IPO" story,

"WeWork’s plans to delay its IPO teaches many lessons and reminds us of the Tech bubble days, back in 2000. It goes to show that market frenzy and crazy valuations don't sustain for long, and also that good money is not easily available anymore and indications are that it will further tighten up.

WeWork created an asset heavy model, which required more and more capital, while the business had low entry barriers to business. This clearly was not sustainable beyond a point. One of the things that I have personally been careful of, while investing in the past, is to invest in asset light models, in businesses, which have sustainable competitive advantage. Following through the same thought process, at 100X.VC, we invest in businesses which have high IP, an unfair advantage with high entry barriers with respect to competition."

Requesting you to kindly carry this comment in relevant stories if possible.

About Yagnesh Sanghrajka:

Yagnesh Sanghrajka, CFO at 100X.VC, Angel Investor & Mentor, is also the founder of PinG - Partner in Growth and a mentor at 91SpringBoard since mid-2018 and an Investor & CFO at Global Education Solutions (GES). Yagnesh Sanghrajka has recently launched a Venture Capital Fund called 100X.VC along with a team of industry veterans, the fund will be investing in 100 start-ups in just one year using iSAFE (India Simple Agreement for Future Equity, Safe Note customized for Indian Market). Yagnesh has a wide ranging experience of 25+ years in various service industries (including a VC/PE fund), including large hi-tech global businesses in Education, IT/ ITES & BPO space, heading the Finance and Reporting function.