What needs to change with start-ups seeking investment in New Zealand

Reynolds says first things first, New Zealanders need to believe that they can create globally impactful businesses. “More ambition to address massive markets would not go amiss. And we would do better if we had clearer definitions of what success looks like at the very outset. If you want to create a billion dollar company, get clear on who is going to help you do this, the steps to get there and how much money you’ll need to do it,” Reynolds says. “Exiting your venture for $20 million or $100 million in four to 10 years is also a worthy ambition. Generating this sort of value is a totally credible path to creating a billion-dollar company as you, and we as an ecosystem, gather experience and intel on how to scale and create world-changing businesses.”