New Zealand is a pioneer in equity crowdfunding – one of the first countries to create a legal framework for retail investors to participate in offers of shares in private companies.
Lance Wiggs' investment fund is calling for money again, soon after raising $4.7 million from wholesale and equity crowd investors - with special audio feature.
Our management fees are 2% of net asset value, which relates how much we get paid to the size of the fund. 2% of $14 million is $280k, and that pays for both Chris and myself, our research and travel, office and so on. It's a very small amount in this game - Powerhouse with a similarly sized fund spend over $4m each year.