Newsletter ➢ ᴀFKAғ•2017#40

10 November 2017 #40

Too much money for startups can be a bad thing. More dilution, less drive.

Mon 15:00	ADI.Clinic, Hamilton
Thu 16:00	ADI.Clinic, Auckland
Thu 16:00	Mahuki Showcase, WLG, ☞ RSVP
Thu 17:00	Startup Battlefield, Generator @ GridAKL, Wynyard
	Coming Soon
Dec	Xmas □

Palace say the DD process has been very useful. Whilst it is disappointing that FKA will not invest at this stage. They estimate the value of FKA's constructive feedback and suggestions at $100k.

Garry Bluett is very pleased with the fund raising results for HLL. 

Total commitments are now in excess of $800k of $175k are coming from FKA Nominees.

Awesome result! 

FileInvite DD is all GO!

James from fileinvite.com and our Garth, along with the DD team so far, have agreed a pre-money level that all are happy to proceed with. Great stuff!
​
We have a sterling team which makes for great learnings for anyone joining the team. Get in touch with Garth.Hinton@fka.nz and join this team to help and learn on the way.

A full product demo is already planned for next week, so things are moving which is good given that we're fast heading to Xmas!

You may remember Sam Blackmore pitching MyBitcoinSaver.com at our March Pitch Night #28. Opinions were very polarised on the night and during the DD Vote. There was sufficient support for an enthusiastic DD team to start looking closer at this. However, in the end the team decided that strategy and value proposition were not yet sufficiently developed to warrant a significant investment.

Latest news is that Sam has just raised $400k. 

What do you see? One or two Flying Kiwis?

David Russell is one of the dirty dozen and was instrumental in kicking FKA into being together with Charlie James and Rudi Bublitz. That was after launching the Angelic Drop-ins with Rudi in mid 2013.

He is now our resident FKAngel in San Francisco. 

NZTE, ATEED and the Generator are proud to be hosting the only New Zealand live screening of the finals of Tech Crunch Start-up Battlefield Australia and we would love to see you there.

From 5pm onwards the top companies will ‘pitch-off’ to the audience, with the winner being revealed on stage at 7.30pm.  Come along and enjoy complimentary canapés and drinks and let the battle begin. 

RSVP by email to Priscilla Nonato. Spaces are limited. 

It was a busy week for our ADI Whips this week. Lot's of interesting conversations to follow up. Uli our Deal Flow Master will not get bored any time soon.
Our best wishes are going to Julian So who is launching ADI Hamilton next Monday. Uli and Rudi are driving up the help, so far we have four bookings.

Green Spot came to ADI.Clinic this week.  The have developed smart IP that allows them to make flour which is high in proteins. The food industry is very interested but will need supply at scale. Here an NBR article from last year. This looks worth a closer look and we have more detailed info that is confidential. Pls contact Uli.