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You may not have known that as taxpayer you were a venture capitalist – the bad news is you didn't make a buck, but the good news is you didn't lose your shirt either.

And now the taxpaxer's adventure with venture capital appears to be drawing to end.

Government investment vehicle NZVIF was set up with government money in 2002 to invest alongside venture capital funds in young technology firms and other high-growth businesses.

Image: Former investment banker and NZ Rugby director Richard Dellabarca has been appointed to take Crown company NZVIF into a new era. - http://www.stuff.co.nz