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Speaker 1: So to Labour's big day out with a new idea.

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Speaker 1: So they're calling it this future fund the broad idea

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Speaker 1: as you sit aside money to fund some capital investment

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Speaker 1: from you know, the small local idea that might otherwise

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Speaker 1: head off.

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Speaker 2: Sure.

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Speaker 1: Robbie Paul is the CEO of ice House Ventures, and

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Speaker 1: as well, there's Robbie morning, good morning. Did don't you

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Speaker 1: do this anyway? Isn't this what you do?

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Speaker 2: Well? The capital markets do lots of things, and we

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Speaker 2: invest in tech companies and so that I think is

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Speaker 2: an interesting provocation, right, like what companies are not evil?

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Speaker 2: Source of capital that they need? And why?

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Speaker 1: Yeah? Exactly, because all I saw yesterday was Chris Hopkins

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Speaker 1: wandering around the room, you know, going do you need capital?

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Speaker 1: And everyone said no, I'm all sorted, thanks very much.

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Speaker 1: I mean, is there a capital problem?

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Speaker 2: Look, I think the overall policy is sort of agreeable

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Speaker 2: and directionally correct. Is there a problem? I've never really

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Speaker 2: subscribed that. I say that there's a gap in the

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Speaker 2: capital market. It's a capitalists and investors are extremely efficient

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Speaker 2: at finding yield, right, And you know I point out

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Speaker 2: is that every time we talk to the zeal And

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Speaker 2: super fun they describe their offshore investments as their fiscal responsibility. Right,

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Speaker 2: they're going globally to find the best things that they

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Speaker 2: can invest in.

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Speaker 1: Exactly, but as far as I can and really broad terms, Robbie,

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Speaker 1: the world seems a wash with cash for ideas.

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Speaker 2: Yeah, look, great entrepreneurs are you know, they're the customer

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Speaker 2: in our experience. So I think a lot of people

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Speaker 2: traditionally assumed that we as investors sit there and you know,

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Speaker 2: send off companies. It's actually the opposite, where great companies

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Speaker 2: are being chased by us and investors globally.

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Speaker 1: Yeah, I just can't work out where they're going with us.

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Speaker 1: Appreciate your insight, Robbie, Paul the ice House bench a CEO,

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Speaker 1: if that's the best I mean, there's nothing wrong with

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Speaker 1: the idea. It's like you are you against it? And

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Speaker 1: now of course I'm not, why would I be, but

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Speaker 1: but it's already being done and we're happy as so.

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Speaker 1: It's another word dumpy doo idea from people who aren't

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Speaker 1: out in the real world, don't understand the real world,

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Speaker 1: and have come up with sort of a kind of

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Speaker 1: a nothing. And that's where we get the part. Well, well,

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Speaker 1: who's in charge and what decisions do you make and

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Speaker 1: what companies are involved? We don't know, don't know, don't know.

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