Newsletter ➢ ᴀFKAғ•2016#04

4/3/2016

Another FKA Friday

4 March 2016 2016#04

Jai and Paul each got the thumbs up from at least three existing
FKA Angels and both got past our VETO Gate without hiccups.

Welcome FKA Angel #30

Jai Somaratne.

Welcome FKA Angel #31
Paul Trotter.

Angelic Activity

Debtor Daddy is open for collection of commitments on Equitise.
Techion and iDefigo are waiting for directors and 25%+ shareholders to authenticate on the system to satisfy anti-money laundering and know your client requirements.
We will then send links to all who have made commitments for the collection of funds.

Aisleworx, Investor Rep update from Rudi Bublitz
Aisleworx has made good progress since the store imposed shut down over Xmas and New Year. They have already put some 130 carts into 62 US stores and will add a total of 650 new stores this year, working up to a deployment rate by the end of this year of 1,000 new stores per year. Current burn rate is still zero but that will change with the appointment of new staff over the next few months.
Aisleworx is introducing static side screens, which in cooperation with a major brand will open the way to making the carts free to stores. This will strengthen the business model but temporarily reduce cashflows from the leasing firm. For this reason, and to increase US production capacity and to close out the current round the board has decided to raise for $300k or more via a public offer on Equitise. Full details here.
Also, the company is preparing for an 8 store trial in June with Walmart.

Other News

Positive Reaction to February's Market Validation Master Class
"Hi Rudi, Great workshop at Auckland University the other week. We immediately implemented our own programme and have been pleasantly surprised by the fascinating results. As your speaker pointed out, we've been able to use the findings in our RoI calculators, but also as a thought leadership tool back to industry and an inbound enquiry generator.... we got a lot out of the FKA workshop! Here's our investor update for the month, I thought you might like a copy. Angie"

Angie has been to ADI.Clinic and came to our November pitch night to network and find a champion. They have now been accepted into the Lightning Lab Accelerator. Request their investor overview here.