CEO of Dataminr, Ted Bailey, was interviewed by TechCrunch at Davos. The interview touches on a number of topics, including Ted's opinion of Twitter and Fidelity's mark down of their Dataminr investment by 35%.
TC: You’ve raised quite a bit of money, most notably $130 million about a year ago, led by Fidelity, which seems like good news bad news. You get this blue-chip investor, [but] people realize, many months later, that it has to [report] the value of its illiquid investments [including marking] down your company 35 percent. TB: Then they marked it up. TC: How much? TB: A few percent, but the point is it will go up; it will go down. TC: Still, it must complicate your life, including [managing] employees who must feel more nervous. Did you have any idea when you signed the term sheet that [what happened in November] was a possibility? TB: Quite honestly, I didn’t know when I signed the term sheet, but if I had to do it again, I’d pick Fidelity again.