We believe innovation and great entrepreneurs are everywhere. We’ve been fortunate to back some important technology franchises that were built outside of Silicon Valley. In particular, there’s a strong emerging software ecosystem coming out of Australia and New Zealand. We count two category leaders — SiteMinder in hotel management and Xero, a global leader in accounting software — in the TCV portfolio.
TCV GP David Yuan recently had a chance to chat with Rod Drury, Founder of Xero, about his take on building a business from the region. Rod and his team have created and scaled a massive SaaS platform for small businesses around the world that’s made Xero the largest tech company coming out of New Zealand.
Rod really packs in the lessons for growing companies, including:
- The advantages of a small home market
- How to build a global team and business from day one
- Why Xero IPO’ed first and then scaled the business worldwide
- How to make the journey its own reward
For this and a lot more, settle back and click play.