30 September 2013

America's Cup, VCs, Kiwis

Nine New Zealand companies seeking U.S. capital during America's Cup - SiliconValley.com: " . . . the competition wasn't on the water, where Emirates Team New Zealand (dominated) Oracle (ORCL) Team USA in the finals of the 34th America's Cup. . . . nine Kiwi companies Wednesday hoped to duplicate their countrymen's sailing success in the venture capital world to bring home millions of dollars in U.S. funding. The nine were selected after a competition organized by the New Zealand government to win the right to pitch 130 venture capitalists and entrepreneurs at Emirates Team New Zealand's base at Pier 32. They represent the tip of a New Zealand tech industry that saw its 200 largest technology companies grow 2.2 percent between 2011 and 2012 to $7.2 billion in sales, according to a New Zealand government study. Forbes last year named New Zealand the "Best Country for Business" and technology represents New Zealand's fastest-growing, highest per-capita earning industry...."

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