Angel investment hits record $61.2 mn in 2015, latest index shows

Sun, 10 Apr 2016

By Fiona Rotherham April 8 (BusinessDesk) - Wellington company owner Simon Swallow says he doesn’t expect to get any money back from his angel investment, which is an odd comment from an investor. He’s put around $1 million into 15 Kiwi start-ups in the past five years for “fun”, driven by a desire to help NZ Inc and is hopeful at least one will turn out to be the blockbuster that at least repays his investment. “I wanted to give a group of New Zealand entrepreneurs the chance to test the market and even if they fail at their first one...

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