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What is 'venture capitalism'?

Author
Newstalk ZB,
Publish Date
Fri, 24 May 2024, 9:51am
Photo / Getty Images
Photo / Getty Images

What is 'venture capitalism'?

Author
Newstalk ZB,
Publish Date
Fri, 24 May 2024, 9:51am

New Zealand’s tech industry continues to grow. 

It’s the second fastest growing industry in the country, the tech industry being a quickly growing industry across the world. 

Pat Kenealy, former Global CEO of IDG and Partner at Ridge Ventures, is a venture capitalist. 

A venture capitalist takes capital from institutional investors such as pension funds and insurance companies and invests that money into what they consider to be the most interesting or fastest growing opportunities in order to make a return. 

He told Mike Hosking that some VCs invest in ideas, some in financial progression, and some in individuals, but in the end all are looking for financial return. 

However, Kenealy said, the difficulty comes in sifting through the hundreds of ideas to find the few winners among them. 

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