The opening round robin of the America's Cup qualifiers has shown Team New Zealand were under-raced heading into the event.
I see that as a positive. There's still a lot of racing to go in this thing and Emirates Team New Zealand, despite the lack of time out on the race course, have emerged as a very strong contender. They are doing a hell of a job considered they had so few races in the build-up.
The teams that have been based in Bermuda for the past few months have had the benefit of all those early practice racing rounds, and had the time to develop solid strategies from that.
Team NZ are learning on the fly, and they are proving to be fast, nimble and adaptable.
There's no doubt the Kiwis have made errors through the racing. The biggest one remains that slip up on day one, when Jimmy Spithill and Oracle Team USA got one over them at the top mark.