Where value lies
The value proposition for any business is defined by what value is delivered to the customer. 12 micro caps presented to a room full of investors earlier this week, and the customer proposition was clearly defined in only one of those presentations. I understand the pitch was focused on returns to investors, yet I was intrigued that only one company provided insight into the value they delivered to customers, and coincidently that company seemed most investment ready to me, a somewhat scary proposition, given that all companies are listed on the stock exchange. I don’t recall any sensitive information being …