As a result of some recent discussions on the "Gorilla & King Portfolio" Thread, a Group of us has decided that a separate Thread focused specifically on Geoffrey Moore and Tom Kippola's conjecture that there is value in implementing Gorilla investing techniques in the Internet world was worth some focused dialogue. An excerpt from the '99 edition of The Gorilla Game states:
"According to these [gorilla] criteria, no Internet stock can ever be a gorilla...[however] There is simply too much genuine value and deep-seated competitive advantage accruing to Internet companies to dismiss them as a passing fad...So we will show how investors with varying risk/reward profiles might integrate gorilla-game investing with Internet investing..."
The authors go on to state that they are "focused here on a variant of the gorilla game - one that is played at a much earlier stage with privately held companies. Many of these earlier stage investments are made through or in conjunction with two separate investing vehicles, Voyager Capital and Internet Capital Group (ICGE)." It is also worth noting that Moore and Kippola are shareholders in and sit on the Advisory Board of ICGE, "a company that identifies, invests in, operates and manages business-to-business e-commerce companies."
In following the rational of the authors, I have started "Diamonds in the Rough" (DITR) Index, listing companies that may potentially fit with the strategy outlined above
techstocks.com
Please help me explore this concept. |
