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He established Timely as the company where trousers were optional, because it used remote working as the default from day one. So you only saw your workmates from the chest up via Zoom or Google Hangouts. Like Wordpress founder Scott Berkun, Baker sought to grow a company that was fundamentally different and relied on trust and technology to grow that company. It s been a stunningly successful formula with Timely having won the New Zealand High Award for emerging company and New Zealand Trade and Industry Exporter of the Year Awards. I’ve done two terms with the Timely crew, some seven years in total.
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Bruce Jarvis, Callaghan Innovation s digital sector group manager, says the tech sector here is good at finding and developing niche businesses.
The tech sector in New Zealand is humming with mergers, acquisitions and capital raisings. Specialist in the area, Mark Clare of Wellington’s Clare Capital, said the level of mergers and acquisitions, capital raising and general advisory work in the tech space was busier then he had ever seen it. His company was involved in a couple of mergers and acquisitions now. Xero founder Rod Drury and the Xero team had demonstrated how to create value in the software as a service (SaaS) area and a lot of New Zealand companies that have followed were Saas businesses, he said.
Mountain Scene
By GUY WILLIAMS
A local iwi charity’s been given $1 million by philanthropist Rod Drury to get started on a long-planned project to clean up Queenstown’s Lake Hayes.
Mana Tahuna chief executive Mike Rewi says the money’s paying for the new charitable trust’s team to work through the resource consent process, apply for more funding, consult with private landowners, and soon get a team of workers on the ground doing preparatory work like fencing, pest control and willow tree removal.
‘‘It’ll see us through a good year’s worth of work.’’
The project, which is estimated to cost $10m and take four to five years to complete, will follow a blueprint by Arrowtown environmental science consultancy e3Scientific.
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