In the wake of the US election, Kiwi social and impact entrepreneur Derek Handley says he has had early interest in an offer to relocate American entrepreneurs to New Zealand if his activist venture capital firm invests in them. Photo: ODT filesAera VC, officially launched last week, plans to invest in 15 social impact startups in the next two years, after already investing in six while it was still operating under the radar. New Zealand's innovation eco-system lacks third-time entrepreneurs - who had had a failure and a successful exit - who could use their experience to help Kiwi companies scale up faster, he said. The social "term sheet" includes a pay it forward clause committing founders to direct some of their future profits towards community causes of their choice. Handley said the VC firm is focusing on early stage between seed capital and series A fundraising.

Source: Otago Daily Times November 14, 2016 07:41 UTC