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FashionValet was always going to be a high-risk investment, says Pua

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Former lawmaker Tony Pua said bad investments like FashionValet are part of known risks in making capital venture investments.

Pua, who was a political secretary to the finance minister from 2018 to 2020, said that in ventures there will always be more failures than successes.

“The venture capital game is to expect that out of 10 investments - three or four will be disasters - like Fashion Valet - three or four will just about cover cost, while two or three make spectacular returns,” he said.
Category
TV Saluran - TV Channel
Tags
Kinitv, Malaysia, politics
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