We at Punakaiki Fund are very happy to announce our crowdfunding investment offer to the public: Snowballeffect.co.nz/punakaikifund We are seeking up to $2 million, the maximum allowable under the applicable law, and will close the offer once we reach that limit. Larger investors who miss out may be eligible for our private offer, but it is far …
Author Archives: Lance Wiggs
Vibe acquires Melbourne based RackCentral
Vibe Communications continue their relentless growth – this time by acquiring RackCentral and bringing on board the much respected Shaun McGuane. Here’s the full press release. Vibe acquires Melbourne based RackCentral (Cross posted from Vibe) June 11, 2015 Rudi Hefer We’re delighted to announce that Vibe Communications has acquired Melbourne based Colocation, Hosting and Virtual …
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Punakaiki Fund and Snowball Effect
22 May 2015 Punakaiki Fund will soon be presenting an offer through the Snowball Effect platform. We are pleased to announce that we have selected Snowball Effect to present our fund raising offer to members of the public. Equity crowdfunding allows us to reach out to people who up until now have been unable to …
When will electric cars take over?
I’ve been browsing a number of transport presentations from 2015 IPENZ Conference, which was held on 24 March. One, from Andrew Jackson from the Ministry of Transport has the following chart, as an example model of Electric Vehicle uptake. I’ve previously done my own crude hybrid vehicle modelling, based largely on the uptake in Japan, and our future adoption …
Thanks for no insurance Air NZ (really)
It’s excellent to see that Air NZ has removed the default opt-in for travel insurance with their website sell process. They have replaced the opt-in with the big orange button below. I’ve tested the process and there is no need to deselect the insurance. The amount of space dedicated to the selling of insurance seems …
“Arrives late for flight, if known”
It’s not rated as secret, but the Transportation Security Agency behavioural observation checklist and form for detecting possible terrorists has been disseminated on the web. Unfortunately the checklist contains a large number of factors that are arguably simply normal behaviour when confronted by a wall of security, and the list has very low benchmarks for escalation. …
Air New Zealand challenges loyal customers to move elsewhere
Yesterday Air New Zealand suddenly changed their credit card loyalty program, switching from BNZ to Westpac. There are, apparently, “probably over 100,000” customers affected. And I’m one of them. It’s a privilege It’s a privilege to have Air New Zealand as our national carrier. For a number of years now they have been at the forefront …
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Join us for the Agribusiness Investment Showcase
NZTE’s Better by Capital team is helping 9 companies prepare for this investor event on 12 March in Palmerston North, just before the Central Districts Field Day in Fielding. The nine (at the moment) Agri-Tech companies are impressive, ranging from Supreme Biotechnologies, who grow and sell a surprising among of algae, to Engender, who have …
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Punakaiki Fund invests in Onceit
We are delighted to announce that Punakaiki Fund has invested into Onceit, for a holding of a little over 15%. Onceit sells high end New Zealand designer fashion at insider prices. Onceit is well known to many, especially in their primary target market of women between 18 and 35 in New Zealand. There are a large and growing number of …
South of here
Some unwritten rules of early stage investing
For those new to early stage investing there are rules and there are unwritten rules. Here for your comment is my take on some unwritten rules. What do you think? Know any more to add? Founders and Co-Founders Raise money by first building a great business. Help other founders – and learn from them too. They are …
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US Portfolio – 2014
My main investment focus is on private companies in New Zealand, in 2014 through Punakaiki Fund and previous to that directly. However in the past I’ve occasionally tracked the performance of my US share portfolio, so let’s see how it did in 2014. The amounts are relatively small. Last year I have very little activity, continuing …
Why we need Skypath
My submission on SkyPath, the proposed clip-on high tech walking and cycling path across Auckland Harbour Bridge. I used Generation Zero’s very simple tool. You can too. Skypath will bring economic benefit to the region, from tourists staying longer and more tourist-related businesses being created as they take advantage of the resource. Skypath will bring further economic benefit by substituting commuter motor vehicles …
Punakaiki Fund news: New Funding and Vibe Communications
We re-invested in Vibe Communications I’m delighted to report that Punakaiki Fund this week reinvested in Vibe Communications, bringing the fund’s shareholding to 24%. The remainder of the shares are owned by the executive-founders, CEO and key staff. Vibe had a fantastic year in 2014, growing their network, launching new products and delivering for customers. It’s …
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Males only?
Like Vaughan Rowsell, I get asked to facilitate or be on panels and speak at events a fair bit. Actually not quite like Vaughan — he’s incredibly popular, and for good reason. Vaughan’s publicly announced that he will not accept being on panels with no women. Between us it’s actually a policy that he has …
Lance Wiggs 