A little bit of PayPal founder Peter Thiel?s wealth will help New Zealand technology businesses thanks to the launch of a new venture capital project.
The U.S. entrepreneur, who was one of Facebook?s first investors, is to establish a new 40 million New Zealand dollar (US$32 million) Kiwi-focused venture capital fund jointly with the New Zealand Venture Investment Fund, or NZVIF, to support local technology developments.
Peter Thiel, a PayPal co-founder and early Facebook investor, is launching a $402-million venture capital fund focused on mid-stage companies dealing with major global problems. Read Post
PayPal co-founder Peter Thiel is must have a thing for Kiwis. He’s launching another venture fund focused on the otherwise unheard of New Zealand technology scene. The fund, which Thiel is executing through his venture capital firm ... Read Post