Rich loves shining a spotlight on lesser-known stock picks in exciting industries. By learning about a company that’s poised for growth, the RichTV Live community can invest early in tomorrow’s big winners like Victory Square Technologies Inc. (CSE:VST) (OTCQX:VSQTF).
Today he interviews Victory Square CEO Shafin Tejani. Tejani launched his first company, iFlurtz, out of his college dorm room when he was just 19 years old. Since then, he’s launched more than 40 startups in 21 countries.
Shafin launched Victory Square Technologies in 2015. The company funds early-stage startups and entrepreneurs who have gone through VST’s start-up incubators, like Launch Academy. Through its various Living Labs, Victory Square estimates that it employs more than 350 people and generates over $100 million in annual revenues.
Victory Square Technologies’ Impressive Portfolio
“At Victory Square, we’re building the tech giants of the future,” says Tejani. “We’ve curated about 20 portfolio companies from all over the world. These are companies that are using AI, AR/VR, and blockchain to disrupt the health, gaming, and fintech spaces.”
Tejani goes on to say that his company connects the burgeoning tech giants with the talent and the resources they need to succeed and, ultimately, to commercialize.
Highlighting just a few of the VST success stories, Tejani mentions V2 Games, Fans Unite, and Immersive Tech.
V2 Games is a video game ventures firm that helps talented game teams achieve their full potential through a mix of capital, strategic partnerships, and hands-on support. The company serves as a bridge between professional investors and the vast, rapidly-growing opportunities in the $100 billion gaming market.
FansUnite offers the FansUnite Protocol, a robust ecosystem of sports betting applications. The Protocol will provide the groundwork for a host of applications that span traditional bookmaking, betting exchanges, daily fantasy, and a variety of other services reliant on sports data.
Immersive Tech designs, programs, builds, and installs immersive and engaging experiences for companies. This can be done for a variety of purposes, such as brand engagement, revenue generation, and corporate training. Through a blend of video game development, theme park engineering, and the latest VR/AR/MR technologies, the company has amassed a portfolio of global brands.
“There’s three consistent themes to those companies,” explains Tejani. “One is that they’re addressing a pain point in a large market. Two, each of those companies is first-movers and thought-leaders in those spaces. And third, they’ve each got a very strong team and [a strong] product.”
VST Revenue Growth and Share Structure
In August, Victory Square Technologies reported its 2018 year-end results. These results revealed significant increases in revenue (which rose by $3,746,522 or 505.5%), portfolio investments (which rose by $4,883,293), cash (which rose to $3,736,683), and working capital (which rose to $3,128,864).
The company currently has 73 million shares out. Tejani notes that he’s the largest shareholder and hasn’t sold a single share. This is because he’s a “big believer” in the work that Victory Square is doing.
“As the CEO of a public company, you have two jobs: one is to manage the business and the other is to manage the market,” says Tejani. “So far we’ve been very focused on the operational side—so we’re really confident in the KPIs and what we’ve built—now we’re focusing on the market.”
Rich agrees that Victory Square Technologies looks like a textbook undervalued company. It will be interesting to watch its portfolio continue to grow and commercialize as VST finds its true market value.
If you liked this video, make sure to check out Rich’s other interviews with BevCanna Enterprises Inc. (CSE:BEV) (OTCPK:BVNNF) COO Emma Andrews and Patriot One Technologies Inc. (TSX:PAT) (OTCQX:PTOTF) CEO Martin Cronin.
Featured image: Victory Square Technologies