News

Anther FKA Friday 20 November 2020#41

20/11/2020


	20 November 2020 #41	765 ʀᴇᴀᴅᴇʀs

Not so much fighting the virus as helping Kiwi startups

Three great pitches, funeral streaming, hyper-graphical blogging and mindfulness for Muslims. After animated Q&A, all topped off with a Sabrage, thanks to Julian Lambert.

Peter pitched OneRoom. He wants to take this business from $250k MRR to the next level. Email Peter for more info, he is looking to restructure with smarts and money.

Andy has more on the other two pitches.

The shampoo selection meme that is circulating on the internet poses an interesting question of how male and female angels pick their deals. Smart angel groups leverage the wisdom of both genders for better outcomes!

Rudi and Hattaf visited the Sharjah Entrepreneurial Festival in UAE last year. This year you can join the virtual event for free, lots of top speakers from around the world. Sharjah has built a startup ecosystem in record time, money, of course, helps a lot. Grab your ticket here!

Angels are training for the moonshot, others are surfing on cloud 9. Pauli from GridAKL and James from KPMG are getting married this weekend.

Our best wishes for both weddings ?

This graph shows shipments of cameras over 40 years. Digital cameras multiplied the market by 5 in ten years. Then smartphones killed it in five years. Shift happens! Shit happens!

Angels love multiples, the bigger the better. Some interesting numbers!

Newsletter ➢ ᴀFKAғ•2020#40

13/11/2020


	13 November 2020 #40	762 ʀᴇᴀᴅᴇʀs

Last pitch night of the year! WED (NOT TUE) 18 November, 18:30.

Hosted by KPMG, 18 Viaduct Harbour Ave, Wynyard Quarter.

If you are no Angel ask an Angel to bring you as a guest

We have reasons to perform a sabrage or two ?

Will Potentia Julian & KPMG James top our past sabrages?

Two startups from the FKA stable, Kami and Chatterize made it into the HolonIQ Australia & New Zealand EdTech 50. That is also 100% of FKA's EdTech companies. Chasing NZ EdTech guru Moskovitz

Watch the 20,000,000 users video! From guess who

Garth, our post-investment manager, sets a fine example and wins the Puawaitanga Award at the 2020 AANZ Angel Summit.

"It recognises the Founder and Investor Director who exemplify what can be achieved when two committed people draw on their collective skills and experience to move forward an 'enterprise company in waiting'."

FileInvite was literally Garth's baptism of fire in the world of angeldom but he is lucky with a founder/CEO like James

Two FKA portfolio companies looking for extra staff - GOOD NEWS!

Hot Lime Labs is looking for a superstar student chemical engineer or chemist. More here.

Moxion is looking for a full stack developer to deal with the influx of work from film studios around the globe. More here.

FORWARD MULTIPLES: This is a preferred metric used to value SaaS companies, who generally carry very few assets, little to no profitability, but all kinds of potential. That number is wildly variable and often bonkers - as of June 2020, the median SaaS valuation multiple for public companies stands at 11.4x ARR. So how is that number calculated? The answer?.....it depends: But a companies revenue growth and sales efficiency dominate the model. Cash flow margins, net income margins (profitability), gross margins, and many other metrics are largely irrelevant.

Unshamed lift from the great newsletter that Jon Davies puts out every week

See that LinkedIn post but also Michael Murphy's top five takeaways from the summit

Where is Wally? Where is Andy? Debra? Garth? Gavin? Heath? Julian? Nawaz? Rudi? More pictures here.

A crowed afternoon, yesterday at ADI Auckland. Not only founders had to wait their turn, with nine angelic mentors they had to take turns too in order not to overcrowd the meeting room. The excitement, especially from Garth, is due to a skincare range for men. Glen took home the pies.

Some interesting propositions, Deal Flow Andy will follow up

We bring you three Parties!

Check out the new coworking space for CreativeTech. What better way than going to the opening party, Wed 2 Dec, 18:00! REGO

Brent, Lachlan and team are celebrating NZ$55m for science and advanced engineering ‘deep-tech’ investments in NZ.

Launch party - Tue 8 December, 16:30 - 19:30. REGO

Note from the editor: Photo sourced from the web.

Thu, Nov 19 · 17:00 It's party time in Wellington! Secure your spot here.

Spot in the pic at least one Trevor Dickinson who has picked more startups to invest in than most.

"The facts and figures show that everything is pretty f@!$ed in regards to our mental health!" Jimi Hunt is touring the country with FREE talks to recalibrate our concept of mental health. The same Jimi who built the longest water slide in the world near Auckland in 2017.

Sadly, many of the attributes that make great founders also mean they are faced with more mental health issues than most. We Angels also have a responsibility to help with this!

Great to see GridAKL, Mum's Garage and Selfstarters come together for this pre-Xmas gift for Kiwi founders and peeps with an idea. They would also appreciate some Angels in the wings (with wings). REGO

Newsletter ➢ ᴀFKAғ•2020#39

6/11/2020


	6 November 2020 #39	760 ʀᴇᴀᴅᴇʀs

Serge van Dam was decorated, well deservedly, with the 2020 Arch Angel Award only minutes after his double act presentation with CoGo founder Ben Gleisner. A business that is gunning for a moonshot!

Newsletter ➢ ᴀFKAғ•2020#38

30/10/2020


	30 October 2020 #38	*759* ʀᴇᴀᴅᴇʀs

US ELECTION NIGHT PARTY

4 November, 15:00 - 21:00, The Empire Tavern Garden Bar, book here. Be there to celebrate the win or loss you wish for! Perfect warmup for the AANZ Summit the following two days!

Straight on from the US Election Party to the BIGGER and BETTER event and party, the NZ 2020 Angel Summit! 5-6 November, The Hunting Lodge, Waimauku. Last tickets available here.

Brough sees Tāmaki Makaurau Auckland as a major production location for the world’s entertainment content... more from the CEO of FKA's portfolio company #19.

The FileInvite shareholder update just out. Ping Garth if you didn't get it. The bi-monthly newsletter from hip-fixers FormusLabs is out, Debra is the investor rep. Also, the newsletter from Hot Lime Labs came out this week, Garry is the investor rep.

Dr Sasha from Well Revolution and Dr Liz from Chnnl #19 were two of the speakers at the 2020 NZHIT Summit.

Fresh off the press this morning. The US angel investing report!

What’s a mistake you tend to see with new teams? Gluttony. Most think they have to go after a big market and solve a big problem, but the magic of doing a startup is to focus on an incredibly narrow problem that has broad applications. As Steve Jobs used to say, it is difficult to throw away features, not to add them. More from Ashmeet Sidana.

The Economist seems to have a strong opinion.
Lead article from yesterday.

Newsletter ➢ ᴀFKAғ•2020#37

23/10/2020


	23 October 2020 #37	762 ʀᴇᴀᴅᴇʀs

Hot Lime Labs first raised money and then awareness! TV1 News

A big THANK YOU to James from KPMG for hosting our October pitch night. A regular at our Thursday's ADI, he has also put up with us last Wednesday.

However, the even bigger THANK YOU has to go to Hamish, Zee wife and the rest of the Winedab crew. They kept us plied with wine and hit everyone's taste bud 100% of the time with their proprietary questionnaire.

Great to help MVP'ing. They might even come for money one day

Pitch #1. Clinton pitched a foundation platform that will be key as the number of drone and UAV operators keeps growing. His team has great domain experience, connections and they know what to do.

Jonathan is the champion □

Pitch #2. Not about money, just an update from portfolio company #10. Hugh and the gang at Moxion are going blockbusters. Their next shareholder update is due out soon.

Rudi is the investor rep

Pitch #3. OMG, seldom have we seen a pitch delivered like a sermon set for world domination. Josh and Jarome from Kwotimation pulled off a compelling double act. The pitch we had to wait for because they had an earlier date with Rob from Hillferance. Well worth the wait!

Julian is the champion

That was our clickbait post for this week's ADI registration. With such hairy mentor memes, we promptly had Michael calling in with his time and money-saving barbering prop.

Check out the video, deal flow Andy has more info.

What: Kami Kamillion Halloween Costume Party
When: 31 October 2020, Saturday, from 7:00 pm onwards
Where: Kami Office, Level 3, 125 St Georges Bay Road, Parnell

FKA Angels PLEASE RSVP HERE

This looks interesting, startups and AML - seems like a contradiction in terms but then startups are all about squaring the circle. More here.

A nice little and unpretentious piece on imposter syndrome by Jimi Hunt. He is with The Love Dept. and Live More Awesome and was the driving force behind the biggest water slide.

HBR podcast series on Women at Work - some interesting stuff!

Martin is not the artist, his wife Barbara is, and more of an angel too. She has an exhibition in Mangawhai if you're passing that way. More here.

Fred Wilson from Union Square Ventures, NY "Most [...] wins have been in companies where we were the first institutional VC to talk to the company or where we had way more conviction about the opportunity than other investors at the time of our investment." BLOG

Our Deal Flow Master Andy wants to focus on point one, our Chief Cat Herder Rudi on point two with a diverse group that has a differentiated investment appetite.

Newsletter ➢ ᴀFKAғ•2020#36

16/10/2020


	16 October 2020 #36	758 ʀᴇᴀᴅᴇʀs

OMG, let's get physical again! After several virtual Q&A sessions that brought value for founders and angels alike, we return to another fix of good old fashioned pitch night.

As usual at KPMG, 18 Viaduct Harbour Ave, AKL with James McGeorge!

Winedab is a fine blend of Tinder and Speed Dating, just for wine. Hamish and Zee will bring perfectly matched wine to Wednesday's pitch night. For the Tinder experience, fill out this online questionnaire or have a speed dating chat with Zee on the night.

NZGCP's Elevate programme has awarded $21m to Blackbird, then $10m to Movac's first close and now $20m to Pacific Channel. NZ Herald

Congrats to all three!

NZTE put on ceosummit.betterbydesign.org.nz, it happened in March. Lots of great videos from 2020 and 2019. Worth a look for a Netflix break.

On the topic of NZTE, Simon Ansley's investment team is well diversified and now seems to double as the goto place for talent among Kiwi VC funds. Cassey has joined Movac, Nadine has joined Punakeike Fund. But then Simon has already hired Laura.

Graeme corrects last week's insert. Dean has put on new gumboots for Finistere. The Factory CEO is now Dave Craig with Stephen McPhail as Investment Manager and Nick Gain as MIG Manager.

Dean Tilyard and his crew at The Factory let 7 of 20 startups through the drafting gate for this year's Innovate where cow dung meets the topsoil.

Turns out a lot of our mentors have 4 letter names: Andy, Emma, Glen, Matt, Pooj, Ralf, Rudi & Todd to name more than 4. The Post...

What: Kami Kamillion Halloween Costume Party
When: 31 October 2020, Saturday, from 7:00 pm onwards
Where: Kami Office, Level 3, 125 St Georges Bay Road, Parnell

FKA Angels PLEASE RSVP HERE

Now, if you're not so much into dress up and you're one of the ADI aids there is an alternative party for you! Dairy Flat, ping Glen!

One way to spot a good analyst is that they use softened, hedging language. For example, not “we conclude” but “we are inspired to wonder.” Read the full HBR article.

<<Previous

Anther FKA Friday 20 November 2020#41

20 November 2020 #41

Our best wishes for both weddings ?

Newsletter ➢ ᴀFKAғ•2020#40

13 November 2020 #40

Newsletter ➢ ᴀFKAғ•2020#39

6 November 2020 #39

Newsletter ➢ ᴀFKAғ•2020#38

30 October 2020 #38

US ELECTION NIGHT PARTY

Newsletter ➢ ᴀFKAғ•2020#37

23 October 2020 #37

Jonathan is the champion □

Rudi is the investor rep

Julian is the champion

FKA Angels PLEASE RSVP HERE

Newsletter ➢ ᴀFKAғ•2020#36

16 October 2020 #36

Congrats to all three!

FKA Angels PLEASE RSVP HERE

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