Punakaiki Fund 2016 AGM and September Roadshow

We held our Annual General Meeting for Punakaiki Fund on Thursday last week, with over 70 people attending and chaired by Mike Bennetts. The group saw presentations from founders or senior staff from  Weirdly, Vibe Communications, Vend, Onceit, Timely, Mobi2Go, EverEdgeIP, Mindfull, Redseed, Populate, and Linewize. We also presented briefly on the other companies where we have […]

Learning from Theranos

The last round of VC investors into Theranos makes for somber reading. In March 2015 Theranos raised an estimated US$573 million for their 6th round, making a total of $750 million raised. Their 7th round, for $200m, has apparently blown up before completion. Theranos was selling a blood testing service that apparently needed tiny amounts of […]

20 Obvious things for Auckland and time for a new Council

We can easily forget that most people don’t read Transport Blog, find The High Cost of Free Parking obvious or understand that great cities are great to walk in – and lousy to drive in. Many of us have lived overseas though, and we just tend to forget just how things worked over there and what is missing here.  […]

Punakaiki Fund invests in NZ Artesian Water

Crosspost from Punakaiki Fund. New Investment: NZ Artesian Water We’ve seen plenty of headlines recently about offshore companies bottling our water and making fortunes. So when I met Nelson-based Kiwis Andrew Strang and Wayne Herring through a Better by Capital engagement, I was eager to see how their New Zealand Artesian Water business (NZAW) was progressing. The answer was “very well”, […]

Punakaiki Fund invests in Linewize

Crosspost from Punakaiki Fund. New Investment: Linewize Managing Internet access is hard – do you allow staff or your family to view the unfiltered internet, or block everything except for approved sites? It’s even harder at schools. On the one hand, you don’t want students accessing inappropriate content, or spending their time and the school’s bandwidth […]

Punakaiki Fund invests in Populate

Crosspost from Punakaiki Fund. New Investment: Populate One of our core motivations at Punakaiki Fund is being able to help and watch companies create a large number of sustainable new jobs. And one of the best people around at hiring new people is Kirsti Grant, who was in charge of the rapid ramp-up of Vend’s […]

Is there a future in food for New Zealand?

New Zealand’s traditional leadership in agriculture is due to our land, climate, hard work and invention from generations of farmers, and our universities and business that have supported them with increasingly valuable technology. But our position is under threat, not today, but in the medium term certainly. The threat is that high quality food will be grown essentially anywhere for lower cost […]

Punakaiki Fund: Fundraising update

At the end of last year we extended our wholesale fundraising offer until 31 January. While that was a bit over five weeks in time, in our summer season it’s really only a couple of weeks of business time.  Meanwhile however most of the companies we have invested are continuing strongly, most with steadily growing recurring revenue, and many […]

Punakaiki Fund Update: new investment, extended offer

Solid progress continues We have now received over $1 million in applications for the the December 2015 Offer, with over $800,000 received directly and $231,000 via the Snowball Effect Wholesale Platform. Offer Extended until 31 January We had a good number of investors and financial advisors, along with Snowball Effect, ask us for more time. […]