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Tim Chang at X|Media|Lab

Tim Chang, Principal of Norwest Venture Partners in Silicon Valley, sees New Zealand as a source of unique and refreshing ideas, born out of our distance from easy capital. Being a VC from Silicon Valley, you’d expect him to advise Kiwi businesses to chase American money, but you may be surprised at his answer.

2 comments

Ben

2009-05-26 16:16:15

Great content, I agree that the issue is the Gap between getting underway and being ready for VC funding. NZ is a country rich in ideas and innovation, and we get things going because we love to "have a go, b.." nah cant say it. It's going from a few people bootstrapping to a company ready to scale that is our hardest hurdle to overcome.
When we get that peice of the puzzle working we will create and keep a much greater number of innovative companies that are doing high value industry, not farming and tourism.
A mixed day at idealog for me, lots of provocative stuff and some enjoying threads.
Cheers

Simon Young

2009-05-27 17:53:49

Thanks Ben. I think to be fair we haven't even started to see how Tourism and Farming can innovate themselves.

But you're quite right, Kiwi businesses need to learn how to be big without losing outr innovative streak.

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