I’m at NetHui at the moment, and about to facilitate a session on business ecosystem in NZ. In the interests of speeding the introduction here are the starter notes and questions.
New Zealand’s start-up ecosystem continues to develop. In the last year we saw some exits, good funding rounds with local and overseas investors and a continuous stream of new companies appearing.
Are we happy with the state of affairs?, or do we need to keep working on creating a richer primordial soup?
Funding sources are interesting in NZ, as there seems to be plenty of money for housing or partial sell downs, and some start-ups do very well. But there also appear to be very few lead funders for internet start-ups, so what can we do to promote more funding options?
Xero went down the IPO route – is that (IPO) credible for others now?
What about the VIF program – is it a success yet?
Is New Zealand producing the right talented educated people, and are we retaining them? Do we do enough to help them transition to start-up world?
Are we helping local companies access international markets well, or do we expect that anything online will sell itself?
What regulations and agreements are helping and hindering the sector – what do we need to change?
Questions (and answers) to start the session
1: Why is business important?
- Economy is money is society & cultural uplift. More comfortable, longer life, better life, more for less.
- Changes the world: Drives change, profit motive powerful – takes creation and accelerates
- Gives people purpose. Meaningful work.
2: What should be important for business?
- Change the world, improve the world
- Improve NZ
- Improve your customers’ lives – awesomeness
- Help your suppliers, staff, local area,
- Shareholders, while managing debt.
3: What do small, medium and large businesses need?
- Access to Markets
- Access to suppliers
- Talented people
- Basic infrastructure – including internet
- Access to capital
- Office Space?