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Newsletter ➢ ᴀFKAғ•2019#24

12/7/2019

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12 July 2019 #24

Tue 16 July, 1830 @ KPMG, 18 Viaduct Harbour Ave, AKL

Phil will bring Narrative Muse. Andy will bring Conqa. David will bring Kami №02 for an update. Apologies for the misprinted date last week.
Join Rudi today at 14:00 on Level 5, 55 Shortland Street, AKL. The peeps from Pacific Channel who delivered a great exit with Engender want to do more like this. Lachlan Nixon will share PC plans with FKA.
Some chase unicorns but many fail. Much smarter to bet on squirrels. See our LinkedIn post or the video. 
But startups should be deer hunters! Read the full article.
Oh, dear! So many animalish metaphors. Let's not forget angels who are like cats even if our CCH would prefer them being more like obedient dogs, obedient like German shepherd dogs.

☞ Watch the video that inspired Rudi's job title!
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Newsletter ➢ ᴀFKAғ•2019#23

5/7/2019

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5 July 2019 #23

Totally partial to partial exits! We have another partial exit from one of our portfolio companies. If you're invested you'll know, if you're not we cannot tell you more at the moment. ● The FileInvite round is nearly full, Garth and CEO James have made great progress. ● Phil will bring Narrative Muse to our 18 July Pitch Night. ● Conqa checked into ADI∙Clinic this week and newbie Andy will bring them to Pitch Night too. ● Also, oldtimer David R will bring Kami for an update. ● A dozen U35 aspirants met last night, kindly hosted by Imche Fourie in the deep catacombs of LevelTwo. Almost like FKA started with a Dirty Dozen 5 years ago.

Note: Kami's user count is bounded by NZ's headcount for people and sheep ‍‍‍
For co-founder and departing CEO Chris Heaslip the partial exit from Pushpay has been very worthwhile. Pushpay shows how dominating a niche in a big market can be very lucrative. Well done!
We ran three ads this week on LinkedIn for ADI in Auckland, Blenheim and Whangarei.
A lil vid that sadly says it all. FKA satire on LinkedIn!
Facebook announces Libra cryptocurrency: Read all about it here.
Highlights from The Hi-Tech Gala Dinner, the crowning Friday finale of Techweek 2019. Also some highlights from the earlier Entrant Events in Auckland and Wellington.
Whoever said accounts love blue and only blue? KPMG New Zealand sported a very colourful logo variation on LinkedIn last night.
L O N G  M A Y  I T  L A S T !
Next week's video will have the above question. Guess what it means!
Notable funding rounds to put what we do into perspective.
Taken from Airtree.vc/newsletter.

Judo, a challenger bank, raised $340m ◇ Agersens, a virtual fencing system for cattle, raised $14.8m from Gallagher Group ◇ Enboarder, an HR startup, raised $11.6m from Greycroft ◇ Verrency, a payment startup, raised $10m from Alium and others ◇ Microba, a gut health biotech, raised $10m from Thorney Investments, Perennial Value and Alium ◇ Hometime, an AirBnb property management startup, raised $6m from OneVentures ◇ Cashrewards, an online shopping rewards site, raised $5.3m from Alium ◇ Parcelpoint, a delivery startup, raised $4.5m from existing shareholders ◇ Fresho, a food-tech startup, raised $3m from the Aconex founders ◇ Notiv, an AI-enabled meeting assistant, raised $1.4m from Transition Level, Full Circle and Black Sheep Capital
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Newsletter ➢ ᴀFKAғ•2019#22

28/6/2019

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28 June 2019 #22

Michelle Polglase and Dave Meaney are calling for Mentor Speed Dating for the Auckland cohort of the KFA Kiwi FinTech Accelerator.

Wednesday 10 July, 17:30 - 19:30, Rewired, Level 2/96 St Georges Bay Rd, Parnell. Interested? Email Dave!
Campbell so impressed Jennifer at her Adviser Speed Dating extravaganza at Techweek that she is hoping to attract another Angel*⁾ to take part in her August event, advice against food and drinks.

Monday, 26 August, 17:00 - 20:00. Pls, diarize and email Jennifer.

*⁾ or Campbell of course
We talked to Conqa a few years back. They are back and have made impressive progress. Any Angel from the building industry or otherwise who wants to step in as champion? Here the IM for FKA eyes only!
Chief Kitten Herder Hattaf recommends this HBR article that underpins his rationale for U35 - FKA's Angels aged 35 and under. Chief Cat Herder Rudi provides this LinkedIn post or just the video for Lawrence, not from LA but a LinkedIn Alien.
James and Stephen sent in this photo from their mini FKA congress in London this week. They claim the photo was taken only minutes before they met with a queen.
Appointment news is often so-so, not so this one. Michael Murphy has been a champion for the startup ecosystem for many years from within Datacom and Ice Angels. Great to see him bringing that experience to Callaghan Innovation and its Incubator Programmes. 
Nicolas Erdody is the Angel Group Oamaru. He digs multicore processing with big spades. Nicolas is visiting Auckland next week and catching up with FKA's CCH. If any of FKA's CTO Angels want to join lunch on Wednesday, pls email Rudi.

The industry that Nicolas operates in imposes a strict security regime which is why time and venue cannot be publicised.
This week founder and CEO Alan Walpole from Freighthub is looking for a director who ideally brings freight know-how and capacity for modest operational involvement. Wanna know more? Email Alan!
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Newsletter ➢ ᴀFKAғ•2019#21

21/6/2019

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21 June 2019 #21

Andy and Nawaz have passed the Veto Gate without incident. So, let's welcome these two who swing on opposite ends of the FKA age spectrum. 
Tuesday this week we had three pitches. Melodics (Lawrence & Hattaf), Hectre (Heath) and StretchSense (Chris). Chris Jagger, Aaron Tregaskis and Hattaf shared their views of the ecosystem post The Budget, and their plans for AmpliPHI Ventures to support Kiwi startups with their $2-10m rounds. Rudi outlined plans to expand ADI and to set up a sidecar fund to boost collab among Angel groups.
The shareholder update from Kami №02 is just out. Here some highlights: 6.8M users, 503 contracted customer institutions, mostly schools, up from 173 last year. ARR notched up to $2.7M. Finalist in the upcoming 2019 ExportNZ Awards. Hengjie and Jordan look on as Alliv is nominated as one of 10 semi-finalists for 2019 Kiwibank New Zealander of the Year. 
We believe in telling others about helpful resources and have linked from our website to the legal templates of Simmonds Steward and AANZ.

www.fka.nz/resources/legal-templates
As reported last week, Uli got a jetski. This week Tim and Uli have ventured out. Would be interesting to contrast this with what Martin and Lawrence get up to on the waters near Whangarei.
FKA feeds into the VC Edge report of Dow Jones. In return, we get a copy of the report. Note how the US is being overtaken by China and Israel.
Veronica Harwood-Stevenson is the founder and CEO of Humble Bee. Debra is one of the early investors. Greg Sitters is stepping down as Chair. And Veronica is now looking for "an amazing human to fill the role of Chair of the board at Humble Bee".  ☞ Read More
Bill Payne was the early preacher of US Angeldom in NZ. He visited for years with his teachings, some good, others not so relevant to NZ. His "Only write one check!" strategy was not that helpful. From 2010 Ice Angels have celebrated outstanding members with The William H. Payne Active Angel Award, among them in 2011 Rudi and Debra in 2015. However, their webpage is silent on the 2011 laureate.

Sadly, you've missed Bill's webinar which was yesterday at 4am but thankfully Lawrence has shared this ☞ interesting article on value.

Extract: Here’s the perfect business idea: Open a Hundred Dollar Bill Store™. You sell hundred dollar bills for ninety dollars each. You’ll lose ten dollars per transaction but you’ll do a trillion in revenues in year one. Maybe you show an ad to everyone who walks into the store and you break even. User growth will be on the order of 1000% per month. A billion users. You’ll be the biggest IPO of all time when Goldman’s underwriters get wind of that growth rate. Go public and let someone else worry about a competitor selling hundred dollar bills for eighty-five.
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Newsletter ➢ ᴀFKAғ•2019#20

14/6/2019

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14 June 2019 #20

Our June pitch night is upon us.
KPMG, 18 Viaduct Harbour Ave, AKL
Tue, 18 June 2019, 18:30
The FKA Veto Gate builds on a tradition that goes back to Roman times, except that we don't have a Veto Caller. Anyways, Thinker Andy Harwood has talked with Debra, Eric and Rudi after he attended numerous ADI sessions with them. They reckon he is a great fit and "a breath of fresh air". See his LinkedIn profile to understand the reference.

However, if any Angels wish to blow the Veto Horn, they should notify the Board in confidence of any concerns.
Nawaz Ahmed has been toiling for our CCH as FKA intern. Our youngest kid on the block yet and very clued up about blockchain. He has now talked with Hattaf, Rudi and Uli about becoming a fully fledged Flying Kiwi and all feel there is a great mutual fit. 

However, if any Angels know of reasons to block him, then they should notify the Board in confidence of any concerns.
iDefigo №08 has been named this week as one of the major Security as a Service (SaaS) Market Players by Zion Market Research.
Uli got a job recently, now he also has a jet ski! Tim G and Uli are calling on all other risk-takers with a similar affliction among the Flying Kiwis to come out and join them on the water. Not 50 Angels flying on Lime Scooters but flying on jet skis. 
It was with initial shock when one unsuspecting Angel opened an email to hear of a stolen shareholder update. Turns out this was simply an update from Stolen Spirits.
Roelof Botha's investment memo for YouTube came into the public domain as an exhibit in a Court case about copyright violations. It illustrates how Sequoia makes investment decisions. 
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