Idealog – July 26, 2019

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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
  ;,'-8-2='9;389yধ1'-9138'68'$-3<9;,!2
  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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ধ1'9#'ħ'8;,!2;,'#!20mW

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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ˆ‡6'8$'2;8';<82!$8399@3<8638Ĥ3£-3-9-29!2'W

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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9'££-2+3<;'!8£@-9;,'#'9;36ধ32(38@3<W<8'T

;,'8'y££#';,';83££9,!ধ2+32@3<T#<;;,'8'

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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6'36£'T#<;;,'@,!='!/3#;3&3g!2&;,!;-9

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money with them.

04

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(@3<9<ø'8

(831/';£!+T!8'9$!8'&3(*@-2+38,!='!$8-1-2!£

8'$38&;,!;1'!29+'ষ2+-2;3;,'-9,!8&WWW

think again. Our version of crossing the chasm

,!66'29'!8£@g+';+33&!;£32+,!<£*@-2+W

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