Originally Posted by
Bilbo
I see nothing but positives in this announcement. The thing I love about Xero and the way they listed on the NZX so early, is that it gave retail investors an opportunity to get in before, or invest alongside, some of the most savvy tech investors in the world. You don't usually get a chance to to that. Imagine having been able to invest in Orion or Vend at the same stage as the VCs, or Facebook, Twitter etc. That is the opportunity early investors had with xero, and IMHO an opportunity which still exists, but remember VC investing is for the long term - 5+ years. I intend to hold XRO for longer so don't care about daily price fluctuations.
Take a look at the companies Accel have backed and read this comment from them "We've worked with several other leading companies in the region to broaden their global reach and we hope this experience will be valuable as Xero's strong leadership team looks to expand in the United States."
Then look at the new appointments announced.
"Fujioka brings to Xero significant experience in sales, digital marketing and operational management of high growth technology businesses," the firm said.
The company has also appointed Graham Smith to its board as an independent, non-executive director.
"Smith brings significant experience scaling SaaS businesses and creating industry leaders from his time as Salesforce's chief financial officer and as a Board member of industry leaders such as Splunk," Xero said.