Icehouse Ventures Mobile App Launch

Script from the launch of the Icehouse Ventures mobile application at the Annual New Zealand Startup Showcase at Spark Arena on 21 August 2025. We had some tech issues on the night, but it was great to share what we’ve been working on with so many people, and so far the reaction from users has been great.

Good evening everyone. My name is Peter Thomson, and I’m the CTO at Icehouse Ventures. I have what I think might be one of the best jobs the country because I get to spend my time with all of these great startups we’ve heard from tonight and all of you as investors. It’s like Showcase all year round.

I’m particularly grateful to our early adopters many of whom are here tonight like Maurice Maclaren, Richard Reynolds and Ian Holland. Who’ve given us such great feedback over the years.

At Icehouse Ventures, our greatest strength has always been our community of investors, founders and operators. The great startups coming out of New Zealand can become even more unstoppable with a large & engaged network backing them.

But to be engaged, you first need to be informed. And that’s what we’ve been working on for the last five years with our custom-built Investor Portal. When we started on this journey, there wasn’t any software available that could connect a large network of investors with a diversified portfolio of startups, to deliver an immersive experience, while maintaining institutional-grade reporting and security. It didn’t exist, so we had to build it.

But now it’s time to take things up a notch. We want to supercharge your ability to support these great companies. And to do that, we’re going mobile.

Tonight, we’re proud to introduce the Icehouse Ventures Mobile App (available now on iOS and Android). This new app is your window into the people, ideas, and companies building the future of New Zealand. We’re putting the brightest New Zealand companies in your pocket. With a host of new features, you can be engaged with these great companies, not just at Showcase, but all year round. Let me walk through just a couple of the features before I hand back to Robbie.

First, Discussions and Co-Investment. Imagine getting to tap into the experiences & connections of 3,000 fellow investors. With this app, you can now read Investment Memos on the go, ask questions of the founders and participate in due-diligence discussions. It’s the professional investing experience that we’ve always delivered, made portable.

Second, Notifications. These days, startup investing can move fast. Whether it’s a new round opening up, or a capital call. You don’t want to miss out. And recently, Halter’s follow-on round was over-subscribed within a matter of days. The app will help keep you in the loop.

And third, Show & Tell. If you’re in this room, you already know that there are great companies, doing great things here in New Zealand. But not everyone sees what you see. We want to give you a window into their world, one that you can share with your family, your friends, and your colleagues. We want to bring you short, sharp videos direct from the startups so you can stay up-to-date and share their stories.

What I love most about this asset class is how it can inspire the next generation, Our seven year old, Isabelle has recently started getting interested in tech companies and it’s not because of the TVPI or the IRR, it’s because she and I started watching videos together about what the companies are up to. She saw when OpenStar first sparked plasma in Wellington. And she came along for the ride along as Dawn Aerospace took off for space. This isn’t doom scrolling, it’s a front-row seat to history.

Our growing tech platform is built to give New Zealand an unfair advantage. And pursue our mission of making investing in Kiwi startups: transparent, engaging and rewarding. The mobile app was built in-house by our Principal Engineer, Ian Patel and it runs on same core system that powers our main Investor Portal. So we all benefit from the years of hard work by Harry Fakir, Logan Gubb, Nikita Deva, and the rest of the Icehouse Ventures team.

So tonight, we invite you to download what we believe could be a world-first: The chance to have an entire VC firm in your pocket. Please, use the app to amplify the stories of these great companies within your own networks, because the startups are already doing great things, and with your backing, they can be truly unstoppable.

You can watch a clip from the live stream of the presentation on stage here (5 mins):

Bringing Venture Capital online at SeedInvest

I recently joined the SeedInvest team in New York. SeedInvest is a leading equity crowdfunding platform that is streamlining the startup investing process so that new types of investors can invest directly in early stage companies. I’m responsible for digital marketing and helping startups promote their campaigns to investors. It’s been a big couple of months for me, so I thought I’d take a moment to update you on what I’ve been up to.

1. I’ve moved to New York

New York has always been a centre of financial innovation and the earliest venture capital investors almost all started out in New York before moving to Silicon Valley. I’ve always wanted to live in New York. In late 2014 I won the green card lottery and we have now relocated permanently to the USA. So far, we’ve been using AirBnB to experiment with different neighbourhoods and have fallen in love with Tribeca, Nolita and Brooklyn Heights.

New York has a great environment to build a startup. The city is alive 24 hours a day and there is a great mix of design, business and technical skills. I love the intense energy and the mix of cultures from all over the world.

2. I’m still working with startups

As soon as I knew that we were moving to the states, I started researching the emerging American equity crowdfunding platforms. I’ve long believed that democratising the financing of small businesses will be one of the greatest shifts in the structure of capitalism since the advent of the public stock markets. Allowing new entrepreneurs and new investors to find each other will create new companies, new jobs and new opportunities. I loved being part of investment platform Seedrs in the UK and with recent changes in US securities laws, the timing was perfect to transfer these skills to the USA.

Continue reading Bringing Venture Capital online at SeedInvest

How to value a startup investment

Company valuation is one of the most misunderstood parts of early stage investing. Both investors and entrepreneurs get themselves endlessly tied in knots trying to calculate a startup’s “value” despite the fact that the whole concept of valuation is entirely artificial. How to value a startup is one of the most common questions I get when I present to entrepreneurs on the topic of venture capital and online angel investing. What worries me the most is that talking about valuation in isolation can distract people from the real issues of economics (amount of cash invested) and control (percentage equity offered).

Social media for executive profiling
The value of a startup is determined by the willingness of the entrepreneur and the investor to agree on a price that works for both parties.

One of the most common questions that you hear entrepreneurs and VCs ask each other is “What’s your valuation”? It seems like a sensible question and it’s a tempting way to compare different companies who are raising capital, but the idea of a single number as an agreed valuation for a startup is a dangerous distraction from the real issues. The term “valuation” is simply a useful shorthand to talk about several independent variables. These variables can be quickly forgotten when you start a conversation with the issue of valuation.

Continue reading How to value a startup investment

Startup investing through a managed fund

Lance Wiggs is raising a fund to invest in high-growth tech startups. He’s ex McKinsey and has been working on the Better By Design programme for a few years so he’s a super smart guy. I’m excited about his journey but he’s made some mistakes along the way that we can all learn from. There are lessons in this story for all of us who are involved in capital raising for early-stage companies.

Lance Wiggs
Lance Wiggs is an consultant & investor who is raising a fund to invest in high-growth startups.

It’s useful to compare a few of the new ways that early-stage investing is happening around the world. Angel syndicates, follow-funds and accelerator funds are some of the most interesting ways of investing in startups today. They all put a layer between you and the startup that you’re investing in. But for lots of investors that’s a good thing.

Continue reading Startup investing through a managed fund