Drury: New Zealand VC deals were capped at $3M around 2006
Rod Drury · 20VC: Xero's Rod Drury on IPO on Day 1 To Hedge Fund to VC & Doing Startups Backward · May 20, 2016 · at 4:06
Rod Drury, founder and CEO of cloud accounting platform Xero, explains the state of New Zealand's venture capital market prior to Xero's day-one public listing.
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“So New Zealand, back sort of 10 years ago, And before, there really wasn't a sophisticated, ah, venture capital market. So probably the largest deal done had been maybe two to three million, and there wasn't a lot followed on something like that.”
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