Another major problem I have seen is that generally VC/seed investors in NZ have over-inflated egos, coupled with a lack of knowledge/skill.
I have seen multiple boardrooms force extremely poor decisions on their investments, crippling the companies they are trying to “help”.
The same pattern surely happens in the USA, but I am guessing startups have some reasonable chance of receiving better governance. That said, I have seen not-fuck-you-money US investors living in NZ give extremely poor advice, so I don’t have unrealistic expectations of the quality of investors just because they are on the other side of the Pacific.
Even worse, seed investors can miss out on great investment opportunities, because they lack the ability to spot winners.
Another major problem I have seen is that generally VC/seed investors in NZ have over-inflated egos, coupled with a lack of knowledge/skill.
I have seen multiple boardrooms force extremely poor decisions on their investments, crippling the companies they are trying to “help”.
The same pattern surely happens in the USA, but I am guessing startups have some reasonable chance of receiving better governance. That said, I have seen not-fuck-you-money US investors living in NZ give extremely poor advice, so I don’t have unrealistic expectations of the quality of investors just because they are on the other side of the Pacific.
Even worse, seed investors can miss out on great investment opportunities, because they lack the ability to spot winners.