NZ angels told to broaden portfolios as start-ups pitch at Lightning Lab

Wed, 28 May 2014

By Paul McBeth May. 28 (BusinessDesk) - New Zealand angel investors are backing too few start-ups and should broaden their portfolios if they want to improve their chance of a return, according to Angel Association chairman Marcel van den Assum. The success of software companies such as Wellington-based Xero had helped foster an environment where start-ups can flourish, though local angel investors have been reluctant to expand their portfolios, van den Assum, who was part of the successful sale of local software firm GreenButton to Micro...

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