More than 25 years of Linux

This recent interview with Linus Torvalds is not just an “historic balance” of 25 years of the Linux kernel but comes with a lot of worthy advice to project managers, entrepreneurs and technologists. You just need to read  with attention and interest…

For example:

“…The fact that I didn’t really know where it would end up meant that I was perhaps more open to outside suggestions and influence than I would have been if I had a very good idea of what I wanted to accomplish. That openness to outside influences I think made it much easier, and much more interesting, for others to join the project. People didn’t have to sign on to somebody else’s vision, but could join with their own vision of where things should go. I think that helped motivate lots of people.”

How to start a startup

Follow this link ( for a series of fantastic lectures at Stanford University during September – December 2014 about How to start a Startup.

Lectures are presented by real entrepreneurs from Y Combinator and others, like Dustin Moskovitz, Paul Graham, Marc Andreessen, Reid Hoffman and Peter Thiel.


Angel Investor Network & Workshops in Oamaru, Timaru and Dunedin

The initial event held in Oamaru on April 8, 2013 attracted significant interest from general public and media.

We had about 25 people including our distinguished visitors -see below

In Oamaru for an Angel Association New Zealand networking event are (from left) AANZ executive director Suse Reynolds, Otago Angels Ltd network manager Murray Downes, AANZ member Nicolas Erdody, of Oamaru, Seed Co-Investment Fund investment director Chris Twiss and (seated) AANZ chairman Dr Ray Thomson. Photo by Sally Rae.

In Oamaru for an Angel Association New Zealand networking event are (from left) AANZ executive director Suse Reynolds, Otago Angels Ltd network manager Murray Downes, AANZ member Nicolas Erdody, of Oamaru, Seed Co-Investment Fund investment director Chris Twiss and (seated) AANZ chairman Dr Ray Thomson. Photo by Sally Rae, Otago Daily Times.
Media covered the event with articles in the Otago Daily Times on April 2  (“Hopes for North Otago having Angel Investment“) and April 13 (“Angels aim to help start-ups“). We also had good coverage from the Oamaru Mail

Erdödy Consultancy Ltd (ECL) is a long term member of AANZ  and as such actively promote and participate in Association’s activities since its inception.

Nicolas Erdödy as Venture Capital Manager of an Oamaru based firm was full member of NZVCA between 2005 – 2008. During that period he received and vetted 3,000+ proposals from New Zealand and abroad, investing in early stage ventures and creating world class unique technologies 

ECL is currently exploring the feasibility of an angel group in the Waitaki District (including North & Central Otago) and already organised networking functions in Oamaru -as mentioned on April 8 (with AANZ and NZVIF participation), and on June 18, 2013 with a good number of attendees

As consequence of these meetings and subsequent media exposure, ECL was approached by several individuals (being entrepreneurs, ideas people and prospective investors) with a common request: learn more about this “interesting and novel investing model”

We spent several hours with each party discussing the most diverse and innovative ideas and initiatives. So we decided to organise a series of workshops  as a way to funnel the interest and create a space where these initiatives can go a step further

These workshops are essentially an “intervention” from an investor point of view.

They combine

  • Consultancy – specific advice
  • Due diligence – on every participant’s project
  • Peer review – foster collaboration and team work while discovering synergies and similar interests
  • Education – participants will learn specific tools that used for due diligence and to create high-tech, high-growth ventures

In sum, in four hours participants will go with their projects through a professional due diligence.

Check the outline of the different workshops and find which is the right one for you.

Either if you are planning to start or grow a venture or project, or looking for funding or ready for internationalisation, there is a workshop for you.

Check this article at the Otago Daily Times “Start-up seminar sparks interest” about the workshops and their context

 Check the schedule for Oamaru and Dunedin and REGISTER NOW

Angel Association Function in Oamaru, North Otago – April 8, 2013


The Angel Association (AANZ) and Erdödy Consultancy Limited (ECL) invite you to an AANZ networking reunion in Oamaru on Monday 8th of April, in preparation towards AANZ Annual Summit.

This is a free event, funded by AANZ and organised by me as AANZ member. My goal is to share and discuss ideas around this model and how it is good for NZ’s economy.

Details: AANZ Oamaru networking event

Monday 8th April, 2013 – 5:00 pm – 7:45 pm
North Otago Club – Cnr Itchen and Tee Streets, opposite i-Site
Networking event, drinks and canapes.


Event is by invitation only, but feel free to circulate it within your network. There won’t be an investment offer at all, but to fully comply with the Securities Act I would appreciate that every attendee RSVP by April 4, thank you.

Nicolás Erdödy



The Angel Association is an organisation that aims to increase the quantity, quality and success of angel investments in New Zealand and in doing so create a greater pool of capital for innovative start-up companies. Research shows that -on average, one-year-old firms create nearly three times more jobs than ten-year-old firms

Through ECL I’ve been involved with AANZ from its inception. Members are active angel investors, high growth entrepreneurs, or service providers to new ventures; we all have the commitment and conviction that creation of new businesses is essential for New Zealand’s prosperity. 2013 AANZ’s annual conference will be in Dunedin in November and this function is a step towards it
I’m pleased to confirm the presence in Oamaru of

Dr. Ray Thompson, Chairman of AANZ – Ray has been involved in a number of venture capital and angel investments over the past 20 years, has over 30 years’ experience as a director of listed companies and is a Fellow of the Institute of Directors. Read here about Ray and angel investment in NZ Herald

Chris Twiss, Investment Director for the Seed Co-investment Fund of the New Zealand Venture Investment Fund (NZVIF). NZVIF was established by the New Zealand government in 2002, to help build a vibrant venture capital market in New Zealand. Chris is from Duntroon

Suse Reynolds, Executive Director of AANZ and founder of Angel HQ, the Wellington region’s angel network.

Murray Downes, Network Manager for Otago Angels Limited


Join us on Monday 8: this initiative is very important for the district and with regional economic development possibilities.

Look forward to see you soon!


Global Corporate Entrepreneurship from Erdödy Consultancy

This new service pools together our experience in working with clients seeking to create a new venture, open new markets and foster innovation. Additionally we ensure that through coaching and training, leaders and staff who are normally excellent at managing incremental growth in known environments but who may struggle to adjust to an entrepreneurial high growth mentality, are equipped with the knowledge and skills needed to flourish in this new environment.

Could something like this happened in your company? (credit)

Then you probably would need a unique mix of expertise in

– leadership, implementation and strategic execution
– start ups and new venture creation
– networking, relationship building and development
– close relationships with industry and academia
– innovation, change management, R&D
– distributed management and global process optimisation
– education, e-learning, training and human development
– open source development and open innovation
– science, technology and engineering
– venture capital, angel investment and due diligence
– international growth and market development
– technology and software development and management
– marketing, branding and knowledge management

But above all, you need to be able to discuss a quick and versatile approach at peer level, with total involvement.

Learn more about Erdödy’s Corporate Entrepreneurship consultancy service here and check our Methodology at

Contact us via




Corporate Entrepreneurship: When do you need help?


Corporate entrepreneurship (CE) strategies are widely recommended for established firms to solve growth- and economic performance-related problems that they encounter in highly competitive business environments. However, relatively little empirical light has been shed on practical CE strategy processes and how they function in the everyday lives of organizations. Firms in need of improve their economic circumstances and access new markets can renew its strategy by exploring new avenues without the risk of actually starting new projects internally. At Erdödy Consultancy we work with corporations and businesses to build a case about what the firm actually can do to compensate for decreasing turnover and to improve its longer-term position in the market. Our strategies underscore the progressive, proactive, and impermanent nature of CE strategies; further, they provide firms with a fresh approach to innovation and technology, pointing to new clients and other external partners with equally ambitious business objectives in order to successfully implement their CE strategies. We apply a unique methodology comparable to the due diligence process of technology venture capitalists aligned with the breakthrough management process used in high growth start-ups in a global scenario.

Contact Erdödy directly to

Credit –

Corporate Entrepreneurship and the GFC

The Role of Corporate Entrepreneurship in the current Global Financial Crisis (GFC) is getting clear by the day: When existent structures and management practices cannot deal with the economic turmoil and markets that claim a new order, then you need to innovate and find a new path to wealth. However, it’s not trivial to start entrepreneurial initiatives within established organizations that spur economic growth. In recent years, the world economic crisis has destroyed a vast number of companies and millions of jobs. Business enterprises, governments, and public institutions around the globe have been forced to undertake major restructuring and transformation efforts. In this context, the subject of corporate entrepreneurship, as a mechanism to innovate and to create new firms, has gained increasing attention among scholars, business practitioners and policy makers. Little is known in the corporate world about the entrepreneurial activity across different regions, and on the determinants/performance/impact of corporate entrepreneurship within this turbulent environment. Erdödy Consultancy join forces with corporations and businesses to look into issues such as the opportunity to explore and exploit mechanisms of entrepreneurial initiatives within the organisation; the implementation and performance of entrepreneurial strategies; the financing and corporate governance of spin-off, joint ventures, etc. Our firm works with our clients creating new ventures, opening new markets and fostering innovation while training and coaching leaders and staff who are excellent managing incremental growth in known environments but struggle to adjust to an entrepreneurial and start up high growth mentality.

Visit for more information, or contact

About Corporate Entrepreneurship

Most established organisations find it hard to maintain the initial entrepreneurial spirit that helped them to make it through the start-up stage. As businesses grow, they usually become more structured and more rigid. Schaper and Volery (2004) mention that “managers from many organisations … have reported that although they are satisfied with their operating prowess, they are dissatisfied with their ability to implement change. ‘How do the excellent innovators do it?’ they ask, presuming that excellent innovators exist. ‘What drives the development of new promising opportunities?’. Others question how to expand an organisation beyond its core business. And most fundamental of all: ‘How do we find new ideas?’ The difficulties behind these questions arise from the inherent conflict between the need for organisations to control existing operations and the need to create the kind of environment that will permit new ideas to flourish, and old ones to die a timely death. Businesses have traditionally faced many difficulties in identifying opportunities and turn them into new product lines.”

Erdödy Consultancy specialises in Corporate Entrepreneurship, working with businesses and corporations to create new ventures and open new markets. Visit for more information or contact

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