THE BOSS of K1W1, Sir Stephen Tindall, says
the philosophy behind his investment vehicle is to find ways to make New Zealand cash flow positive. “I really believe there are so many good ideas out there that a number of them will eventually become big ideas and very big businesses. Some of them, that we’ve invested in, are looking that way now. “We’ve been doing this for about 15 years so we have learned as we go. We are not the sort of people who go in for a quick exit. “We are looking for companies that can go to scale overseas and bring export dollars back to New Zealand for products and services. “There could be opportunities to exit to return the capital to New Zealand so we can reinvest in something else, usually when some big outfit is willing to pay us way more than it is worth for us to hold on to something, but our aim is more to grow the bigger businesses that will be domiciled in New Zealand if possible. “Our ambition in every case is to try to be located here so people can be employed and the benefits flow back to New Zealand.” Tindall says a good idea is about a tenth of the investment equation, with people and performance the rest.
“Our ambition in every case is to try to be located here so people can be employed and the benefits flow back to New Zealand.”
He says New Zealand needs to get serious about investing in green and sustainable technologies. “I think because we are already ahead of the curve compared with every other country in terms of our clean green environment and image, we should leverage that. I think we have a natural propensity in that our culture helps us in terms of how we relate to the water and the land. “People are crying out for product to clean up things, so a company like Lanzatech is a win-win. It cleans up the atmosphere, takes the carbon monoxide and carbon dioxide and nasty gasses out of the smoke stacks of steel mills and coal fired power stations and turns it into energy and other valuable chemicals. “We have a company Photonz which bypasses the fish to create Omega 3 so you don’t keep killing fish to get the fish oil. “There are other people turning algae into energy with bio-diesel. There are many different green technologies being developed in New Zealand and I think we could get a name for ourselves. You have to milk a niche.”