The Business of Tech

Auckland Mayor Wayne Brown is about to turn 80 – and is still plainly more interested in the next deal, the next big export market and the next practical problem to fix than in winding down.
In this week’s episode of The Business of Tech, Brown delivers a typically uncensored account of how he thinks Auckland should use technology to drive economic growth. He has little patience for glossy AI rhetoric, power-hungry data centres, or Wellington bureaucrats telling him what to do.
“The government doesn’t know how to grow the economy, so I might as well do it,” Brown told me fresh from a morning visiting startups as part of the Council’s 100 Days of Startups programme, which sees him shine a light on one of the city’s startups each day in the run-up to Startup Week in October.
Brown says the city’s business people told him Auckland was lacking leadership on tech, despite it being home to around 60% of the country’s startups. He established the Auckland Innovation and Technology Alliance a year ago as a public-private partnership to foster collaboration across Auckland’s tech ecosystem.
Better, cheaper, faster
Brown draws on his engineering background and the lessons he collated in his 2007 book The Five Minute MBA to set a simple test for government, council and entrepreneurs alike. What is the problem you are fixing – and can it be solved better, cheaper and faster?
Auckland, he says, needs more firms able to turn local capability into global businesses, particularly in areas that play to New Zealand’s strengths: medtech, agri-tech, and biotech.
And he wants them to look beyond familiar markets in the US, UK and Australia. Brown argues the bigger opportunities lie in India, China, Indonesia, Brazil and Latin America – markets where Auckland’s diaspora communities, city-to-city relationships and sector expertise could give companies an edge.
His assessment of the political scene as the general election approaches is brutal. Brown describes the party-political offering as an “unappetising smorgasbord”, rails against bureaucracy and corporate welfare, and questions New Zealand’s reflexive alignment with America on trade and technology.
He’s particularly sceptical of the current data centre boom that Auckland is playing host to.
“If they want to come here, what will you do for us to have your f**king boxes here? It’s not the other way around.”
He has even less time for artificial intelligence.
Expect strong language, challenging claims and plenty of eyebrow-raising takes. This is no polished mayoral interview. It is Wayne Brown, in full: opinionated, impatient and with his own firm ideas on how to make Auckland the tech centre of the South Pacific.
Listen to the full episode streaming on iHeartRadio, Apple, Spotify, or wherever you get your podcasts.
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The engineer who helped make GitHub Copilot a global force is building its open alternative from Christchurch
For millions of software developers, GitHub Copilot was the moment artificial intelligence stopped being an abstract promise and became a practical colleague.
Suddenly, AI could sit in the coding environment, suggest the next line, explain unfamiliar code and help turn an idea into working software. It changed expectations of what a developer tool could do, and opened the door to a new generation of AI coding agents.
Igor Costa was there as that shift gathered pace.
The Brazilian-born, Christchurch-based founder of Autohand held senior engineering roles across Microsoft, GitHub and AWS, and played a pivotal role in the development and deployment of GitHub Copilot.
It is an experience that gave him a close-up view of the potential of AI-assisted software development and of the trade-offs that come with putting powerful capabilities in the hands of a small number of global technology platforms.
Now Costa is building an alternative from New Zealand.
His startup, Autohand, is developing AI agents designed to take on more of the repetitive, time-consuming work involved in building and maintaining software. It also treats software as constantly evolving code that refactors itself automatically, avoiding going out of date and becoming a security risk.
But the company’s proposition is not simply that AI should write more code, or work faster. It is that businesses should retain control over the technology doing that work.
That is why Autohand has embraced open source, releasing its code and building around open-source models. For Costa, the issue is one of sovereignty as much as capability. A company using AI to understand its systems, access its codebase and act across its engineering workflow needs to know where its data is going, how its tools behave and what degree of control it can retain.
The market for AI coding tools is becoming crowded, well-funded and increasingly dominated by proprietary platforms. Costa’s bet is that a different model can succeed: powerful AI agents that are transparent, adaptable and deployable in ways that suit the organisations using them.
In this episode of The Business of Tech, Costa talks about the formative years of GitHub Copilot, why he chose to build a company from Christchurch, and why he believes the next phase of software development will be shaped not only by what AI can do, but by who owns and controls it.
It is a conversation about code, autonomy and the possibility that New Zealand can play a meaningful role in building the AI tools of the future.
Listen to the latest episode of The Business of Tech with Igor Costa, founder of Autohand, streaming on iHeartRadio, Apple, Spotify, or wherever you get your podcasts.
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New Zealand’s startup scene loves a good success story, but few have moved as fast – or gone as deep – as Wellington energy software venture Factor.
In this week’s episode of The Business of Tech, I talk to Factor co‑founder Jessica Venning‑Bryan to she and co-founder Simon Pohlen assembled a team with serious domain expertise, built a specialised energy pricing platform, landed major customers offshore, and sold to NZX‑listed utility software company Gentrack in barely two years.
The exit, announced in May, was valued at $24.9 million with a $10 million earn-out tied to hitting $17 million in annual recurring revenue within three years. Gentrack funded the acquisition out of its cash reserves.
Venning‑Bryan doesn’t sugar‑coat the journey. She talks candidly about the “fastest and longest” two years of her career – the tension between capital efficiency and ambition, the stress of fundraising, and the constant questioning of whether the team was moving fast enough or in the right direction.
If you’ve ever wondered what startup life really feels like beyond the glossy pitch decks, this conversation delivers the unvarnished reality.
Deep domain experience pays off
What makes Factor’s story compelling is how textbook “problem–founder fit” looks in practice. After a decade inside the energy sector at Flick Electric and Flux Federation, Venning‑Bryan and Pohlen knew, in forensic detail, the headaches utilities face trying to price complex commercial and industrial energy contracts.
Instead of accepting that clunky, generic enterprise software was as good as it gets, they built a true SaaS product – APIs for everything, rapid deployment, and integration into the messy legacy systems that dominate energy, banking and healthcare.
The episode also digs into how Factor uses AI, including time‑series LLMs like Amazon’s Chronos.
What this episode reinforces is that deep domain knowledge can be the most powerful startup advantage you have. It also reveals why API‑first SaaS remains a winning strategy in conservative, regulated industries, and how to think critically about AI’s role in high‑stakes forecasting and pricing.
Most importantly, Venning‑Bryan’s story is a nudge to anyone sitting inside an industry, staring at a persistent pain point: if you understand it better than anyone, why not be the one to fix it?
Tune in to The Business of Tech this week to hear how Factor went from energy headaches to a $35 million exit – and what that playbook might mean for your own next move. Streaming on iHeartRadio, Apple, Spotify, or wherever you get your podcasts.
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Australian fintech pioneer and serial entrepreneur Dom Pym knows a thing or two about starting companies and scaling them into market-leading players.
This week’s episode of The Business of Tech dives into Pym’s extraordinary journey, from bootstrapping niche financial platforms to building one of Australia’s most popular digital banks – Up – and then reinventing himself as one of the region’s most active startup investors.
Pym’s path into fintech started long before “fintech” was a buzzword. After a whirlwind early career working with Fortune 500 giants, he went on to build a grain exchange platform that digitised how Australian farmers sell their product, followed by Pin Payments, an all‑in‑one payments service that expanded into New Zealand, Asia, the UK and the US before being acquired.
That set the stage for Up, the app‑based bank that hacked its way through regulatory and infrastructure hurdles to become a breakout success with younger customers and a major strategic asset for Bendigo and Adelaide Bank.
Now, post‑exit, Pym is channelling that experience into backing others. As Australian Investor of the Year, he’s supporting funds and startups via his family office, and pushing for more secondary deals so founders don’t have to wait a decade for liquidity.
In The Business of Tech, he explains his investing philosophy, why he doesn’t obsess over unicorn valuations, and how he thinks about risk in an era dominated by AI and software.
Pym is heading to Auckland in September to deliver a keynote at the inaugural NZ Tech Expo, New Zealand’s new flagship gathering for founders, investors and corporate leaders.
If you want a preview of the themes he’ll bring to the stage – and a candid assessment of where New Zealand tech needs to lift its game – check this week’s episode of The Business of Tech, streaming on iHeartRadio or in your podcast app of choice.
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New Zealand isn't exactly famous for producing automotive brands, but FTN Motion is trying to change that.
In the latest episode of The Business of Tech, the company’s co-founders Luke Sinclair and Kendall Bristow recount how a backyard BMX hack led to them creating one of the country's most distinctive electric vehicle startups.
That was almost a decade ago, when two mechanical engineering graduates from Waikato University strapped a motor and battery onto a BMX bike in Pukekohe, before electric motorcycles were even a mainstream concept.
That scrappy experiment sparked an idea: a new vehicle category sitting between an e-bike and a motorcycle, built for the 20 to 30-kilometre urban commute. The result is the Street Dog, a retro-styled café racer that channels the romance of classic motorcycles while running on electric power.
I spent a day test-driving the new Streetdog 50 on the streets of Wellington, enjoying a smooth ride on a bike that’s easy to get to grips with. This version doesn’t require the rider to have a motorcycle licence, so will appeal to people who want a bit more flexibility getting around town than an e-bike provides.
Rather than chasing a futuristic look like many EV makers, FTN Motion doubled down on nostalgia and craftsmanship, betting that riders want something that feels like a classic, not a gadget. That bet is paying off, particularly in Wellington, a city custom-built for the bike's use case, with concentrated inner-city roads and no need to touch the motorway.
At the heart of the co-founders’ success are relationships and networks. Luke and Kendall reveal how a chance conversation at a barbecue led them to Wellington incubator Creative HQ, how a single media column penned by professional director Mike “MOD” O’Donnell generated their first hundred pre-orders almost overnight, and how those early wins snowballed into relationships with Wellington’s Angel HQ and engineering veterans from Rocket Lab and Dyson.
FTN Motion has resisted the industry's urge to over-engineer the user experience, deliberately skipping apps and unnecessary tech to keep the focus on the ride. And as the company eyes expansion into Australia, the US and beyond, Luke and Kendall get candid about what it actually takes to manufacture vehicles in New Zealand, why scaling slowly has been their secret weapon, and how they plan to stand out in a global market increasingly crowded with cheap electric alternatives from China.
Listen to the full episode, streaming on iHeartRadio, Apple, Spotify, or wherever you get your podcasts.
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