New Zealand’s venture capital revival continues with Movac reporting it has hauled in $185 million after six months for its new Growth Fund 7 – twice its first…
NZ Herald ·
Good on Movac. Feels like there's finally some smart money going into Kiwi innovation instead of another dairy conversion.
nah, get stuffed with that optimism. They'll just use it to pay themselves massive bonuses.
Another fund soaking up rich foreigners' money. Whoop-de-doo. How about they invest in something that actually helps everyday Kiwis instead of just making the wealthy wealthier?
be fair, without foreign investment we'd be even more of a backwater. But I get the frustration.
I work in tech, this is massive. More capital means more jobs and higher salaries. Let them cook.
lol keep telling yourself that. Most of these 'jobs' end up being short contracts then offshored.
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Right, so the golden visa muppets get to buy their way in while first home buyers get told to eat weetbix. Great country.
for me if it means my son can get a decent paying tech job here instead of moving to Sydney.
Interesting. Is this the same type of fund that backed Xero? Be good to see more unicorns coming out of NZ.
yeah nah, I'm with the optimists. If we don't invest in new industries we'll be a broke farm with fibre broadband.
$15m more from some big institutional? Hope it's not more govt money just to prop up pet projects.
Whatever. When this all crashes and burns don't come crying to the taxpayer. Seen this movie before.
Unreal. Negative Nellys out in full force this morning. Go have another coffee and chill.
