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  • Xero Raises a Truckload of Cash from US Funds

    December 2, 2012

    Business
    Craig Winkler, Matrix Capital Management, New Zealand, peter thiel, rod drury, The Ventures, Vala (Middle-earth), Xero
     

    Last week the announcement came that Xero had secured a huge investment round from US venture funds Valar Ventures (backed by Facebook founder Peter Thiel) and Matrix Capital Management. I’ve spent time talking with these US investors about Xero’s…

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  • Xero Raises Another Round and Acquires WorkFlowMax

    February 1, 2012

    Business
    Craig Winkler, LiveMigrate, MYOB, peter thiel, rod drury, SaaSu, Xero
     

    Exciting news today from Xero ahead of their user conference tomorrow that spans two important announcements. I’ll cover them individually. $20M Raised from Existing Shareholders Existing shareholders have reinvested to the aggregate tune of $20M. Sam Morgan, Sam Knowles,…

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  • Xero Buys Paycycle and Clarifies US Market Entry

    July 21, 2011

    Business
    Market entry strategy, MYOB, PayCycle, peter thiel, rod drury, Software as a Service, Xero
     

    At its AGM today, Xero announced a number of things, one of which was the acquisition of Australian payroll provider Paycycle in a deal worth $1.5M. When Xero launched they went on record as saying that payroll was outside…

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  • Xero and the US Market

    May 24, 2011

    Business
    accounting, PayPal, peter thiel, rod drury, Small Business Web, Xero
     

    In the four or so years since Xero launched with great fanfare in New Zealand, moved on to Australia and gained a modicum of visibility in the UK, many of us have been waiting to see what would happen…

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  • Xero Gets Some Acid on the Blogosphere

    October 24, 2010

    Business
    Craig Winkler, PayPal, peter thiel, rod drury, Xero
     

    Last week Xero announced that Peter Thiel, co-founder of PayPal and the first external investor in Facebook, was investing NZD4 million to “support Xero’s expansion into the US market”. Not surprisingly the move got significant attention both in New…

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  • On start-ups and paying CEOs

    September 24, 2008

    Business, Efficiency, IT, New business, Strategy
    peter thiel, techcrunch
     

    At the TechCrunch 50 conference Peter Thiel, Silicon Valley uber investor was quoted as saying that there is a ceiling in terms of CEO salary for a startup, beyond which you begin to “have issues”. For a more general…

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About Me

Ben Kepes is a business leader, a technology evangelist, an entrepreneur, and a commentator. Ben covers the convergence of business and technology.

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