Angel investor Bill Payne’s mission to share his knowledge in New Zealand

In baseball parlance, angel investing is about being able to handle a cruddy batting average, according to a leading American angel investor.

"The concept that you’re going to lose 80 per cent of the time, that you’re going to either lose all your money, or most of your money or make a little bit of money for the efforts you put into this venture is not acceptable to all people," said Bill Payne http://www.billpayne.com .

Payne is in New Zealand for nearly six months, basing himself at the University of Auckland incubator The Icehouse as its entrepreneur in residence.

By Helen Twose

Full Story: http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10626173