Rocket Lab founder Peter Beck says the best thing local startups can do is get out of New Zealand- for a while.

According to Beck, it's important for Kiwi entrepreneurs to get global context and that the nation's infamous 'tall poppy syndrome' problem can hold founders back when it comes to success.  

Peter Beck says it's important for entrepreneurs to see if their idea is world-class by taking it out on the world stage and gaining perspective.

"What you need to understand before you pour your life into a business is that what you actually end up with in the end is something that people want. And also something that hasn't been tried before and proven to be unsuccessful."

LISTEN ABOVE