Liam Dann writes:
In 2007 Rod Drury took me to lunch. He told me about his idea for a cloud computing company and how he planned to turn into a global tech player.
That kind of enthusiasm and passion for an idea isn’t unusual in entrepreneurs – but the clarity of Drury’s vision was disarming. His success in executing it is extremely rare.
Having sold his first start-up (AfterMail) for US$45 million, Drury had enough local support in 2007 to raise $15 million and list Xero on the NZX with a market cap of $18 million.
When it, controversially, de-listed to join the ASX earlier this year it was worth nearly $5 billion.
I invested in Xero at the beginning based on my belief in Rod Drury to make a success of it. My shares which cost $1 are now worth around $33 each.
On top of that I use Xero for my business and it is great. I spend only a fraction of the time I used to on accounting.
So thanks Rod for a job well done.