Money to Grow
The major banks have started “relating”. One is even “thinking like a business owner”. Kevin Kevany reports on the SME venture finance market and reveals that establishment sources are fighting back “to beat the angels”.
When you look at the so-called ‘facts of the matter’ as they apply to raising capital for SMEs (small and medium enterprises) they paint a particularly bleak picture. But, typically, as with most issues in New Zealand, when you scratch beneath the surface, people are “making a plan”; muddling through; and a fair number have come up with alternative sources of capital.
“Tindall’s passion is to assist young entrepreneurs and he has invested in a variety of sectors including biotech, clean tech, IT and design-led companies. He wants to see New Zealand develop as a leader in the ‘knowledge economy’, and to help create a culture of making New Zealand ‘cashflow positive’ in international goods and services trade.”