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The Transformation Issue | Idealog.co.nz
026
01
Sort out the power balance so entrepreneurs
- those people who risk everything and put
their lives on hold for their dream – don't feel
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theirs. Founders, you shouldn't need to wine
and dine the people with money, if you do then
something is wrong.
02
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start-up failure rates) look like. Nine out of
ten start-ups fail and given the maturity of our
ecosystem, investors should be happy with
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03
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start-up we see. See above, you make maybe one
percent with your money on term deposit, sure
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04
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and years to an eventual conclusion. I know that
buying your new Audi is important to you, but if
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your car plans, think again.
05
Ban wine and cheese from demo days – they
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founders, not about who has the best contra
deal with a wine company. Yeah, this one gets
me hot under the collar.
01
Nothing is guaranteed. A bird in the hand is
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ain't nothing wrong with a million bucks for a
few years work.
02
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of work, and to engage in other hobbies? Maybe
going big doesn't align with your other goals.
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hard work for a few years, then go for it. But if you
want to be a good partner, parent or community
member, think long and hard about that.
03
Those VCs who get paid based on the returns
they achieve for your investors? Nope, they
don't care about you beyond what you can do
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money with them.
04
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think again. Our version of crossing the chasm
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05
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constraints, going big is an incredible adrenaline
rush. Illicit drugs are illegal, start-ups aren't.
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FIVE WAYS
TO IMPROVE
NEW ZEALAND’S
INVESTMENT
ECOSYSTEM
FIVE THINGS
COMPANIES SHOULD
CONSIDER BEFORE
THEY SCALE UP
FIVE KEY LESSONS
YOU’VE LEARNT
FROM FAILURE IN
BUSINESS, OR IN
OBSERVING OTHERS
FAIL IN BUSINESS