Podcasts Other The Mike Hosking Breakfast Pat Kenealy: Partner at Ridge Ventures on the growth of New Zealand's tech industry

Pat Kenealy: Partner at Ridge Ventures on the growth of New Zealand's tech industry

Published: May 23, 2024, 9:52 p.m.

New Zealand\u2019s tech industry continues to grow.\xa0

It\u2019s the second fastest growing industry in the country, the tech industry being a quickly growing industry across the world.\xa0

Pat Kenealy, former Global CEO of IDG and Partner at Ridge Ventures, is a venture capitalist.\xa0

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.\xa0

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.\xa0

However, Kenealy said, the difficulty comes in sifting through the hundreds of ideas to find the few winners among them.\xa0

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