Do investors run scared when they hear about a founder’s failure, or are battle scars seen as a positive? Is a good idea more attractive than an adaptable team? And are New Zealanders ‘failure tolerant’ enough? Caitlin Salter talks to the experts.
The three types of failure
Fervent Wellingtonian Chris Parkin wears many hats. He’s an entrepreneur, property developer, hotelier, former local body politician, art collector and patron.
His most famous investment was the Museum Art Hotel in Wellington, which he sold to Amalgamated Holdings in 2015 for a tidy sum of $28.5 million.