Peter Singlehurst: Lessons from Turning Down Stripe, Coinbase and Losing Money on Northvolt

Peter Singlehurst is the Head of Private Companies at Baillie Gifford. He has led research on a wide range of private investments including Epic Games, Bending Spoons, Anduril, Solugen, Scopely, and Grammarly, as well as a number of private holdings that have since transitioned to the public markets such as Airbnb, Affirm, Warby Parker, Wise and Tempus AI.

In Today’s Episode We Discuss:

• Accidentally Running a Global Investment Giant

• What I Learned Losing 100s of $Ms

• The 10 Questions Baillie Gifford Needs to Answer to Make an Investment

• Why We Did Not Double Down in Stripe and Turned Down Coinbase

• The ByteDance Investment Case

• Why Would Any Good Company Go Public Today

• Growth Stage Investing Trends

• How Anduril Becomes a $200BN Company

• Is 2024 Different to the Madness of 2021 and 2022

• The Decision-Making Process Inside a $217BN Firm

• How Does Re-Investment Decision-Making Differ from Original Investments

• Future of Growth Equity Investing