The World Bank Group’s Doing Business report for 2013 is out, and New Zealand is again ranked at number 3. I’ve highlighted on our report, below, the areas where we are clearly behind. However even in the areas where we do well, such as opening a business, we can do a lot better. It’s not …
Continue reading “Doing Business well, but we still do it better”
For now I have to focus on activities that will earn back some of the lost earnings and investment in trying to get Punakaiki Fund off the ground. One intent of Punakaiki Fund was to fund my time spent helping companies to grow, an activity which I really enjoy. Meanwhile a byproduct of the fund …
On Friday afternoon, just as Punakaiki Fund was closing well short of the $5 million minimum, I gave a speech (video) to close out the IITP annual conference. I was asked to talk about innovation and to be inspiring as the conference ended. It was a tough call as the spectre of a public failure hovered …
Tomorrow is the latest Apple event, apparently focussed on iPads. It’s time to dredge out my predictor from 2011. Black are the original predictions, red the results to date and I’ve put green boxes around potential releases this year. Missing is the rumoured iPad mini retina display. The predictions are showing their age now. In general …
Continue reading “The product lifecycle – as explained by Apple”
Just launched by Curative and 96Black funded by gambling money from Lotto is The Harbour, a site for those affected by harmful sexual behaviour. It’s very well done (aside from some initial paragraph spacing issues and missing links.) The content does not take long to read, and it’s good for all of us to get …
I’m really quite sad to be missing this year’s CEO Summit, but Punakaiki Fund has to take preference. The summits are aimed at CEOs of medium- and larger-sized NZ companies, and combine an audience from the design profession with the CEOS, management teams and a host of high quality local and international speakers. They are …
Monsanto just purchased Climate Corp for US$960 million. Climate Corp is a company that is really good at predicting weather in a small area (like a farming region) and provides insurance against poor weather conditions like drought to farmers. It was started by two ex Googlers. Do we have anything like this here? We certainly …
Wal*Mart thought it could save money by shifting towards a higher percentage of part time temporary staff, who had to reapply every 180 days. They also increased the number of hours required to qualify for healthcare from 24 to 30. These to me were signs that senior management was lowering its commitment to putting customers …
Two things not to invest in: 1: Nobel prize winner Robert Shiller says housing is a lousy investment. 2: FMP Medical Services Limited, who just made history by being the first company to have a prospectus cancelled by the FMA. The point with the first is that all of your cash is tied up in …
A simple summary of today’s “Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for 2013”, or the Economic Nobel Prize as everyone incorrectly calls it: Eugene Fama: You cannot really predict the price of a stock in the short run. Robert Shiller: The ratio of stock prices to dividends (P/E) trends to …
With another $180 million raised and $230 million on hand, Xero has proved once again that’s it’s smart to raise money well before you need it. But what’s interesting is that the type of investors that Xero is attracting are changing. Don’t focus on Peter Thiel’s Valar Ventures, but instead on Matrix Capital Management and …
Continue reading “One more step towards Xero as a mainstream US stock”
I was shocked to see first that Trade Me had appointed an advertising agency, and secondly at their TV campaign. I really can’t bear to watch it so I’ll not embed it. Trade Me has always won by being more end-user centric and easy to use than any alternative, and it has become beloved by New …
I’ve previously discussed how 1200 people lost $6.8 million by investing into an opportunity that was dubious at best. It was the madness, not wisdom, of crowds. But sadly investors are still investing in dubious opportunities, and their experiences will continue to give the whole field of private investing a bad name. Raising Money In most countries …
I’ve received a series of comments from Ken Pedlar on some recent posts, and decided in the end to approve them for publication, removing any personal details such as phone numbers. I’m excerpting from the latest comment below, which was in response to the the post on Xero valuation. I’m doing this and commenting on it to show …
I’ve been asked too many times what I think of Xero’s valuation — whether it’s in the last few months, or in the years gone by. I don’t have much time, so decided to set myself a time and information limit and give it a go. So let’s walk through how to do a valuation: …
Lance Wiggs 