Some of New Zealand's fund managers are calling for more government intervention and radical new thinking to save the country's struggling venture capital (VC) industry.
"We have a crisis situation in venture," said Tony Bishop, managing partner at iGlobe Treasury Management - one of four original venture capital fund managers chosen in 2003 by the Government's Venture Investment Fund (NZVIF) to kick start the country's VC industry.
iGlobe is hoping to close its second fund this year, more than a year after it had originally hoped because of the lack of funds in the market. Bishop has abandoned the New Zealand market and is now solely focused on raising funds in Asia.
To read the full, original article click on this link: Radical rethink needed for venture capital | Stuff.co.nz
Author: LESLEY SPRINGALL
