Tue | Nov 13, 2018

Editors’ Forum | Investors hunting for the right deals

Published:Wednesday | January 17, 2018 | 12:00 AM
Roderick Gordon

 

Chairman of First AngelsJa, Joseph M. Matalon, said that there is no shortage of investors in Jamaica for the right deals, but he argued that there is an "immaturity in the environmental ecosystem".

"We don't get enough qualified deals. We don't get enough qualified people coming forward who have the attitude, experience, educational background, or the expertise to drive the growth of a new business," Matalon told a Gleaner Editors' Forum last week

He was supported by attorney-at-law Roderick Gordon, who chairs one of the companies which has the backing of First AngelsJa, and who gets excited when the group offers support and the investment comes to fruition.

"[I like] seeing the innovation come through, seeing people who are a lot more exposed. I have seen entrepreneurs who pitch more than once and the second pitch is vastly improved to the first. So they are learning the discipline. They are learning how to focus. They are learning what sounds good from what can make a profit. That makes me excited," said Gordon.

He argued that one of the things that is killing Jamaica is the inability of individuals who study, train and can't get a job, and the complete disconnect on how to monetise their training.

erica.virtue@gleanerjm.com