Q1. Explaining the competitive environment of Evergreen Evergreen Investment is a part of the financial services industry, a mutual fund company often referred to as "Wall Street". Many of the brightest and brightest people are hired by top companies in the financial services industry. Among these companies are Merrill Lynch, Citigroup and JP Morgan Chase, each of which has assets of several trillion dollars. The financial services industry is not suitable for vulnerable companies as banks and insurance companies compete for the same customer's emergence.
ADV has transformed from an existing model to an independent investment platform. By creating Evergreen's investment capability you can reduce the friction associated with ongoing demand for funds raised from LP and (possibly) release the public market for long-term funding. From an ecosystem point of view, an innovative approach as ADV's investment vehicle (not as a fund) allows for a significant investment in accelerators, incubators, and micro funds. To provide investors such as L & G and Woodford with the entrepreneurial spirit and scale-up of the late stage and "large scale" it is important to provide a very necessary direct growth investment fund. They use ADV to gain true insight into the ongoing investment in the digital technology business and create a true full stack capability for the UK technology ecosystem.
Established in 2009, we are an Evergreen Life Sciences Risk Fund, established and fully owned by Lundbeckfonden. With annual investment of EUR 50 million, Lundbeckfonden Ventures will invest flexibly and consider long-term investment prospects as necessary. Since 2007, as a company primarily investing in online stores, we have grown into a venture capital company that rapidly invests in the Internet, retail products, business services. In 2008, Firtal launched the first developed and patented retail product. Since then, the list of companies has been expanding every year. Currently, Firtal is engaged in several business activities through its partnership and its subsidiaries.
A better way to explain the type of company we want to build is Evergreen. One of them is built as long as possible. Evergreen companies are usually led by their own company. Because the final decision of the company means that the founder will do it rather than the short-term life cycle of most investors from 7 to 10 years. However, some investors will invest in long-term minority interests. If you want to build a long-running business, you really need to cherish the people who are building it. It is mainly because you need them for a long time. There are no candles to burn for several months. It is because all the accumulated important experiences disappear as people leave.