VICTORY SQUARE TECHNOLOGIES CEO SHAFIN TEJANI (CSE: VST) (OTC: VSQTF) (FRA: 6F6) – RICH TV LIVE INTERVIEW – Victory Square Technologies is a technology accelerator with over 20 innovative portfolio companies. VST has an unique process and proven track record for investing in solutions that are already required in the market rather than on an idea, Further, VST applies their management teams’ experience and expertise to grow them fast, unlocking value, and generating explosive revenues.
Hi how you doing this is rich here we have a rich tv live with a very special guest the ceo of victory square technologies chef ‘into johnny are you doing finishing oh good man thanks for having me thank you for joining us why don’t we start off by you telling us a little bit about your company victory square technologies so at victory square we’re building the
Tech giants of the future we’ve selected and curated about 20 portfolio companies from all over the world these are companies that are using ai a rvr blockchain to disrupt the health gaming fintech and insurance spaces so what we do is we identify those companies and we bring in some super talented people to help you know incubate gross scale and commercialize
Those companies that’s fantastic a number of your select portfolio companies have achieved significant milestones when looking at revenue growth product development and customer acquisition can you tell us about three of these companies yeah so we’ve we’ve got a number of companies doing some exciting things but if i had to you know to talk about only three i
Would say v2 games fans unite and immersive tech and there’s three consistent themes to into those companies one is they’re addressing a pain point in a large market to each of those companies our first mover and thought leaders in those those spaces you know and the third is that they’ve got a very strong team in a product you know kind of in there in the case
Of v2 games they’re disrupting the gaming in esports space it’s a royalty play it’s led by a founder named sam chon dula he’s a top 30 under 30 winner super-sharp this company originally came out of india they’ve been building and working on projects like pac-man men in black hello bobby pacific rim breach breach wars and i think snapshot just actually invested
Our co invested in one of the projects that had been incubating in v2 and in the you know they say the gaming space is bigger than then movies and music combined so you know we’re super excited about that it’s also we also have a controlling interest in v2 and it’ll be i think being spun off in the next four to six months the second would be fans unite you
Know the sports betting space they’re a disruptor in that space really really sharp team but the space is massive right now we’re targeting the us market in the us market you know numbers have flown around it’s about a 150 billion dollar market that’s that’s illegal right now that’s going to be legalized in the next three to five years and fans you know it’s
Kind of positioned themselves well into that space they’ll also be going public and being spun out of vst in the next four to six months to unlock value and then the third is a company called immersive tech again led by two top 30 under 30 winners jeff jiang and adrian duke they’re targeting the employee training space which in north america you know i think
Is a you know 40 to 60 billion dollar market and their first mover is they’ve they’ve attracted fortune 500 clients some of their largest clients include capital one they just signed on allegiant airlines scotiabank snickers so again big market you know first movers really smart teams that’s really impressive now you have an impressive history launching over
40 startups in 24 countries and being included in the top 40 under 40 congratulations on all your success and also being awarded the canadian angel investor of the year amongst many other things how do you think this benefits victory square you know the first off i think that a lot of that success is is you know is the team that you know that we pits that’s
Supporting myself and and vst so there’s a lot of people that are contributing to that success i’d say the biggest factor is you know it takes time to build a great company you know i’ve been in a text-based for over 25 years i’ve lived through the dot-com boom the dot-com crash the smartphone boom the collapse in know 809 and the you know in the financial
Markets and today you know what we refer to as the intelligence revolution and the key there is seeing the ebbs and flows not panicking when when times are tough you know that’s when you either need to you know be agile and adjust your business model or stay the course and not panic and i think it’s it’s that experience over that 25 years and that those 25
Years of success that we we’ve been able to bring to vst to kind of stay the course on what our vision is but also bring that to our portfolio companies to help them kind of see the grander vision and and not not not be panicked over those 25 years given the success we’ve had we’ve also attracted some amazing talent so i think one of the other benefits is we’ve
Been able to bring a lot of talent locally and globally to vst and its portfolio companies and if there is attracting capital and clients globally you know having you know over those 25 years launched products and services in over 24 countries we’re able to help not only vst but our portfolio companies kind of commercialized you know globally they say tech is
Borderless and i think that’s a big advantage for us that’s great now who are some of victory square technologies main competitors and how do you stand out you know i don’t think we have any you know direct competitors because our model is identify a pain point in a large addressable market find a paying customer and then go find or build a solution for that
That customer so that in its own is kind of a you know something that for within vst we we look towards you know our our own business model in a way to generate revenue and profit but we have been compared to other companies and you know a couple of them i would say one is constellation software which is a canadian company i think a market cap over a billion
They go and and and buy you know i think more mature tech companies they’re buying balance sheets rock and internet is another one it’s based out of germany yeah they go and invest in and grow tech companies that you know i think if passed like that series a series the kind of level and the third is probably like a y combinator which is based in you know in
The valley and they’re focused on again you know emerging emerging tech i’ll see those are probably the three companies were compared – most of the time but for us you know we we feel like you know we’ve got our business model and in our plan and and you know we stay in our lane so very good now it’s important to have a strong team how does the team at victory
Square make the company so successful you know everything for us is really you know around the team you know we have this motto you know ideas people in capital are kind of the key elements so and you know victory square we have a vision and we built a you know kind of a game plan and a road map to to help realize that vision but you know it’s the people
The resources that help us execute on it and so i think again over the 25 years of being in the tech space and and building products in over 24 of 24 countries we’ve been able to attract some of the brightest minds on our sea c-suite partnerships with over 80 accelerators around the world so accelerators in berlin germany delhi india south paulo brazil you
Know again tech is borderless so for us given that we have a global kind of mindset attracting that talent from all over has been in key so sea level partnerships and just as an example some of those partnerships aren’t just accelerators but they’re large companies like foxwoods casino which is the largest native man casino in the u.s. you know organizations
Like mckinsey consulting a y the canadian government you know which has been qianmen the talent of entrepreneurs that we’re building around or investing in some of these our first movers and the brightest minds in a lot of their different kind of disciplines so you know earlier we talked about sam chon dula in the gaming space he’s a thought leader jeff chang
And adrian duke really really big thought leaders in the immersive you know immersive space and then darius got me who’s the ceo of fans unite again thought leader and in the sports betting in gaming community so very good now your financial look shows impressive and consistent revenue growth very impressed with your revenue growth tell us about how this
Has been achieved and maintained so again it did i think it’s it’s discipline you know we have a vision we have a game plan and we’ve attracted the talents to help execute on that myself and and and and you know in a business partner fund the company so it’s not only important that we’re disciplined and fiscally responsible on our business plan and model but
Because we’re funding it it’s important the company’s heating its revenue targets if not exceeding it and in squeezing out you know a profit to continue to grow and build you know build out the company so i think sticking to a very you know discipline plan having a vision sticking to a discipline plan and then you know having the financial capacity to fund
That you know fund that growth has been key to maintaining that that consistency for us now having a public company i always tell everyone there’s two businesses there’s the underlying business yeah and there’s the public side which a lot of the time has to do with your share structure can you explain to us a little bit about your share structure yeah so you
Know i think we have about 73 to 74 million shares out no overhang no warrants right now so it’s yeah it’s very tithing management owens just under 50% i’m the largest largest shareholder have not sold a single share you know accumulated the have continued to accumulate my my position is a you know was a big believer in what we’re doing and it’s interesting
One of the points you just brought up you know something we’ve been told that you know as a ceo of a public company you know you have two jobs one is to you know manage the business the other is to manage the market and you know that’s one thing that you know it’s a it’s a learning curve you know as we as we you know continue to grow we’ve really focused on
The operational side so we’re very confident in the kpis and what we built and now for us it’s focusing on that other side which is the market so you know sharing what we’re doing and the great things we’re doing to and how undervalued we are to to investors and that brings me to the next question our community is all over the world and it’s a lot of investors
Looking for companies that are underappreciated underexposed and undervalued why would one of those investors want to buy this stock out of all the stocks up there why this one so i love this thing warren buffett always says which is it’s not enough to invest in a good company but it’s the entry point of that company so first off we feel like the entry point is
Great we feel like we’re significantly undervalued you know – i think we give investors the opportunity to invest in you know the next tech unicorns or the unicorns before their unicorns we’re doing the legwork to validate some of the brightest startups from around the world and then giving investors access to to invest in them through vst alongside myself at
The same levels as myself but with the opportunity to you know to get in early – something that two companies that made me the next microsoft facebook you know or google you know the investors all also say i wish i could have had an opportunity to invest in those companies you know when they were out there they’re their infancy and we give them that opportunity
I think also – for investors globally it’s very difficult to get a to get access you know to early stage tech tech companies in the time at the time you do their public and their valuations are significant or you have to invest in a fund so meet the criteria of a fund and be locked into a private company here a vst is audited it’s transparent and it’s liquid
So we feel like not only is it undervalued and and the opportunity is significant but it’s an investment that allows people to invest in and get liquidity or take money off the table doing you know different positions of the company cycle that’s fantastic now where do you see victory square technologies headed in the future you know so for us that you know the
Future we look at this and you know in the next three to five years we’re making some bets which we think are going to be significant in gaming and sports betting insurance fintech so you know we’re confident that we’ve got some big you know big big winners in here but in the short term over the next i would say six to 12 months our goal is to continue to grow
Our revenues spin off some of the the portfolio companies that are matured like fans unites v2 games unlock value for vst shareholders and vst uh you know through that and you know the third is we’ve been incubating some some really exciting new projects that we’ve kind of kept under wraps i think over the next six to twelve months we’ll start introducing to
The market and i think that’ll that’ll bring a lot of attention eyeballs and asset value to to vst that’s fantastic well you know what we’re so excited here rich tv live to see the growth and thank you for joining us today thanks for having me and for those of you that are not watching thank you so much for joining us today shipping this is the ceo of victory
Squared technologies chef bean to johnny have yourselves a great day and thank you for watching
Transcribed from video
VICTORY SQUARE TECHNOLOGIES CEO SHAFIN TEJANI (CSE: VST) (OTC: VSQTF) (FRA: 6F6) By RICH TV LIVEliveBroadcastDetails{isLiveNowfalsestartTimestamp2019-10-04T170837+0000endTimestamp2019-10-04T172431+0000}
