Mark Carnegie on Wisdom of the Crowd, PR, Community & Failing Fast and Small. [podcast - WMTW 057]
/Dec 2014
Podcast: Play in new window | Download
“A group of people can come up with a better decision
than any individual.” ~ Mark Carnegie
Dec 2014
Podcast: Play in new window | Download
“A group of people can come up with a better decision
than any individual.” ~ Mark Carnegie
November 2014: Research and investment consulting house Lonsec is focused on retaining van Eyk's financial planning customers, after agreeing to buy the failed company's iRate technology and client base from its administrators.
The parties did not disclose terms of the transaction in a statement on Thursday, but the deal covers several hundred planning practices which service about 3000 financial planners.
Read MoreOctober: 2014 A former Macquarie banker has spent the past decade bringing private sector rigour to the gentle, consensual world of charity, writes Sally Patten.
Michael Traill, Macquarie banker-turned-social entrepreneur, has elected to have lunch at The Apprentice, a student restaurant run by Sydney TAFE.
Read MoreJuly 2014: Poll result Both aspirants to lead this huge nation have visions for its future. But the result must not be stolen in a dodgy legal process. Mark Carnegie
There is big trouble in Indonesia. The two presidential candidates are both claiming electoral victory and neither is backing down. If Joko Widodo is named the winner as expected and Prabowo Subianto pushes ahead with the challenge he has threatened, then things could get very ugly.
Read MoreJuly 2014: Mark Carnegie's private equity firm has taken a stake in baking minnow Modern Baking and is looking to raise $100 million for a new fund targeting more small fast-moving consumer goods businesses.
MH Carnegie investment director Mark De Ambrosis said the investment was the first of many to come and his team was hunting for similar opportunities in FMCG (fast-moving consumer goods). "We are currently looking at six or seven other businesses," he said.
Read MoreJune 2014 : Venture capitalist Mark Carnegie has called for compulsory national service – but "without military uniforms" – to restore civic participation in society.
Mr Carnegie said a compulsory national service was the "maintenance program" the country needed.
Read MoreJune 2014: Investor Mark Carnegie has warned the boards of Washington H Soul Pattinson and Brickworks the push to dismantle the cross-shareholdings won't go away when his agreement with Perpetual expires at the year's end, in his first interview since lodging an explosive cross-claim in the Federal Court.
"Our involvement is a sideshow," Mr Carnegie told the Financial Review Sunday program. "Perpetual have been a shareholder in this company for nearly two decades. They are the most significant shareholder. They have had proposals which have been brought to them by other people. They have had arrangements with other people. They want this situation to stop. They will continue to pursue."
Read MoreJune 2014: Billionaire retailer Gerry Harvey has "grand plans" for the struggling Sydney Entertainment Quarter, after acquiring the leasehold for $80 million from Colonial First State Retail Property Trust and one of its wholesale funds.
Mr Harvey acquired the leasehold as part of a consortium that included advertising mogul John Singleton and investment banker Mark Carnegie, who bought in through his private equity fund, Carnegie Private Opportunities Fund No.1.
Read MoreJune 2014: Small companies should be allowed to raise capital in the same way websites such as Kickstarter encourage consumers to commit funding to new products, qualifying them to become shareholders in the company, according to a government review.
Investors and start-ups said the scheme would close a funding gap for start-ups seeking between $1 million and $3 million to launch their product or idea. But they warned the move would need caution, to avoid start-ups becoming inundated with thousands of new shareholders.
Read MoreJune 2015: Investors John Singleton, Gerry Harvey and Mark Carnegie have branched out of pubs with an $80 million deal to buy the Entertainment Quarter at Moore Park.
Mr Harvey told BusinessDay that the potential for redevelopment was "endless".
Read MoreMay 2014: Mark Carnegie writes in The Australian that innovation and new business development are crucial for Australia’s economic health.
Government funding to put exciting new companies on their feet so they can compete in global markets is much the same as taxpayers funding the Australian Institute of Sport to train Olympic athletes. Just like with our investment in Olympic athletes, the community gets a huge return from government innovation programs.
Read MoreMarch 2014: Changes to Australia's media-ownership laws would just be rearranging deckchairs on the Titanic, says prominent investor Mark Carnegie.
Mr Carnegie said the prospect of changes to media ownership was to some extent driving share-price rises in traditional media companies, but loosened laws would not guarantee their survival. "The whole thing here is that the media that people talk about is becoming smaller and smaller and smaller, compared to the media that is SEEK, Carsales.com.au and REA,'' Mr Carnegie said. ''They get on with making money day after day."
Read MoreThe Pacific Marina's pair are perusing tourism assets "priced for extinction", writes Matthew Cranston.
Sydney solicitor Andrew Robinson and venture capitalist Mark Carnegie felt their joint venture Pacific Marinas was like the castaway Robinson Crusoe when it was first launched over a year ago.
Read More