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Bailador bids good riddance to Viostream
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Ex-All Blacks captain and former Fairfax chief David Kirk had good news for investors in his Bailador Technology Investments this month, outlining a âstrong startâ to the year in the listed VC fundâs January update, published last week.
Mentioned prominently was that Bailador (Spanish for âdancerâ) had sold its less-flamboyantly named video-streaming company Viostream to Bloom Venture Partners, for $1.1 million.
David Kirkâs Bailador savagely wrote down Viostream in 2018. Â
Christopher Pearce
This is small change for a $170 million portfolio. But Kirk and co-founder
Paul Wilson pronounced themselves âpleasedâ nonetheless, given theyâd manage to offload the business for âmore than our holding valueâ, while freeing up time to focus on âbigger opportunities in the portfolioâ.