A STQRY of our times: How a Kiwi start-up’s soaring valuation shows we may be entering an investment boom time
In this interesting article, angel-backed StQry, now called Area360, talks about raising capital in the US with observations from NZTE’s Quentin Quin and well known NZ angel, Chip Dawson.
Taking advantage of a US-tech sector awash with cash, Wellington-born start-up Area360 raises $5.5 million from US-based venture capitalists and opens its US headquarters.
“This is the best time to raise money ever,” Stewart Butterfield told the New York Times recently. Butterfield is CEO of Slack, an instant-message-based team communication company, whose valuation rose from $US1 billion to $US2.8 billion in little over a month early in 2015.