Xero CEO frustrated with Aussie investors

Rod Drury, ceo of New Zealand-based cloud accounting software firm Xero (ASX: XRO), is frustrated with local investors. The reason? He believes they don’t understand software companies like Xero.Although listed on the New Zealand Exchange (NZX: NZX) since 2007 and the ASX (ASX: ASX) since 2012, Xero has found it easier to raise expansion capital from foreign investors such as Peter Thiel, co-founder of PayPal (NASDAQ: PYPL) and also an early investor in Facebook (NASDAQ: FB).I can’t speak for other local investors but it’s likely that a lot of them do understand software companies. Instead, I’d suggest Xero’s valuation –...

Rod Drury, ceo of New Zealand-based cloud accounting software firm Xero (ASX: XRO), is frustrated with local investors. The reason? He believes they don’t understand software companies like Xero.

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles