Episode 8 of the Curious Kiwi Capitalist Podcast 28 January 2020 My guest for this show is Simeon Burnett of Snowball Effect, a crowd funding platform and private equity marketplace. We discuss the crowd funding and equity raising landscape. Snowball Effect tends to work in the post-earnings post start-up stage of companies rather than the start-up and rewards part of crowd funding. Simeon walks through how Snowball Effect helps connect entrepreneurs to investors. We get into the weeds with their process including screening, wholesale investors, documentation and the like. We finish off with h ..read more

Episode 7 of the Curious Kiwi Capitalist Podcast 12th December 2019 My guest for this episode is Lance Wiggs, Manager of the Punakaiki Fund, a Venture Capital fund. We discuss the New Zealand venture capital landscape and how a venture capital firm operates. Lance takes a different approach to most VCs in how he has structured the LP side of the Punakaiki Fund  with capital raising from wholesale and retail investors over time rather than a smaller number of instituional investors up front. This is partly due to the shortage of NZ venture capital investors something we also discuss ..read more

Episode 6 of the Curious Kiwi Capitalist Podcast 25 September 2019 My guest for this show is John Shewan—former chair of PWC, and serving Adjunct Professor of Victoria University and independent director. In this episode we discuss: Why the Capital Gains Tax (CGT) 2019 recommendation failed Lessons from tax reform through the decades including: the rebellion against Muldoon’s tax rates, wide support and importance of the broad-base / low-rate approach, always talk about tax in terms of tradeoffs and how taxpayers will be no worse off e.g. Sir John Key selling the GST and income tax rate chan ..read more

Episode 5 of the Curious Kiwi Capitalist Podcast 13th September 2019 My guest for this show is Ian Frame, retired CEO of Rangatira Investments, a long-term private equity firm. In this episode we discuss what is a private equity firm, what’s their fees, investors and strategy the difference between classic private equity (PE) firms and long-term PE firms what sort of investments they’re after and their investment horizon stock market crashes, investor cynicism and regulation venture capital and angel investing and much more.. Show Notes About Ian Frame was the CEO of Rangatira, a long-term p ..read more

Episode 4 of the Curious Kiwi Capitalist Podcast 27th August 2019 My guest for this show is Richard Higham. Richard is one of the top business academic practitioners in New Zealand history. He has not only experienced but researched and studied entrepreneurship. He has run his own firm, consulted to corporates about entrepreneurship, and saw the start of venture capital in NZ before “venture capital” was even really a word. Now in his eighties, he is still going strong, as you’ll see he is the master of the rhetorical question and pretty much ran this interview himself! In this show, we’ll dis ..read more

Episode 3 of the Curious Kiwi Capitalist Podcast 15th August 2019 My guest for this show is Alexander Simmons. Alex is the founder of Voyager Equity a search fund. Search funds are completely new to New Zealand with no fund yet launched but with some interest from Kiwi searchers overseas. In Australia they have gained traction in the last couple of years with at least two funds succesfully acquiring businesses. Alex is the first Australian search fund to get investment for “search capital”, the traditional first tranche of investment in a fund. The other two funds self-funded their search and ..read more

Episode 2 of the Curious Kiwi Capitalist Podcast Show 9th August 2019 My guest for this show is David Quigg. David is the head of Mergers & Acquisitions at Quigg Partners a boutique Wellington law firm specialising in M&A and a few other specialist areas. In this show we’ll discuss M&A from a lawyer’s perspective including: publically listed company M&A process and the differences with private company M&A a practical approach to buying and selling a company including agreeing on key terms in an MOU (while being careful about what is binding) how a fixed auction process is ..read more

Episode 1 of the Curious Kiwi Capitalist Podcast Show 4th August 2019 My guest for this show is Sir Eion Edgar KNZM. Sir Eion recently retired as Chairman of Forsyth Barr, a firm he was with for almost 50 years with the last 20 as Chairman. There are few people who know more about the New Zealand public capital markets. In this show we cover the evolution of the public capital markets including: the history of the various stock exchanges and their change in structure the changes in investor mix over time i.e. retail, managed funds and institutional the changes in diversification strategy co ..read more

Episode 0. Introduction to the Curious Kiwi Capitalist Podcast 1st August 2019 The Curious Kiwi Capitalist podcast is about the New Zealand capital markets and the people in them including: asset allocation and portfolios private business capital structure business valuation M&A process behavioural finance capital allocators private equity venture capital alternative investments investment strategies and how we apply them from NZ (e.g. passive, active, factor based, savings vehicles including ETFs, PIE funds and KiwiSaver managed investment fund CIOs hedge funds IPO and NZ NZX ASX banks ..read more

Episode 8 of the Curious Kiwi Capitalist Podcast 28 January 2020 My guest for this show is Simeon Burnett of Snowball Effect, a crowd funding platform and private equity marketplace. We discuss the crowd funding and equity raising landscape. Snowball Effect tends to work in the post-earnings post start-up stage of companies rather than the start-up and rewards part of crowd funding. Simeon walks through how Snowball Effect helps connect entrepreneurs to investors. We get into the weeds with their process including screening, wholesale investors, documentation and the like. We finish off with ..read more