VIDEO: Punakaiki director Lance Wiggs on failure, lessons learned
"I guess I come from a position of some authority on failure."
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"I guess I come from a position of some authority on failure," said Lance Wiggs in the introduction to his closing speech to the Institute of IT Professionals (IITP) National Conference in Tauranga on Friday.
During a rueful but ultimately uplifting speech about lessons learned, Mr Wiggs told the audience his Punakaiki Fund had only raised $3.2 million by Friday afternoon - making it extremely unlikely it would hit the $5 million necessary to implement the fund's investment strategy (itself a come-down from the fund's initial $20 million to $50 million target; see the final tally here).
If Punakaiki does fail (the final funding won't be known until later today), it will be the entrepreneur's second strike-out after Pacific Fibre.
Below is Mr Wiggs' full speech.
Earlier, the opening keynote saw ICT Minister Amy Adams deliver a spirited defence of the Telco Intercept Bill.
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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VIDEO: Punakaiki director Lance Wiggs on failure, lessons learned
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