Newsletter ➢ ᴀFKAғ•2017#44

8 December 2017 #44

Mon 14:00	FKA Startup Video @ BizDojo Takapuna Angelic Q+A, email RB@fka.nz if you can help make it fun
Tue 10:00	FKA Board Meeting @ 12 Madden St, AKL
Wed 16:00	Dojo Xmas Potluck BBQ  @ BizDojo Parnell
Thu 17:15	Devo Drinks @ Tiny Triumphs aka Sawmill 5 Clarence St, Devonport, AKL
	Coming Soon
Dec 15	Last 2017 Issue #45 of Another FKA Friday
Dec 18	ADI.Wellington @ BizDojo
Dec 20	ADI.Clinic Takapuna @ BizDojo

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"During fundraising entrepreneurs must understand the shackles that come with the shekels.​"

© Jᴏʜɴ Hᴜsᴛᴏɴ_{ism #101}    ​

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Interesting and precisely what we advise startups. Focus!

Article

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We know it takes seven Minions to change a light bulb. How many graduates does it take to decorate a Xmas tree?

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Sattler Airlines aka Auckland Seaplanes has reported an aerial​ encounter with Santa. The supplied footage was taken shortly before they could land the plane, all passengers, Santa and the reindeers safely on a beach.

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Déjà vu extract from this August 2016 LinkedIn article on Tim Warren.
After paying for my university fees as a professional drummer, I spent my 20s as a software developer with WinGate, a global software phenomenon. Then I switched to financial services to learn more about this equity thing i'd missed out on. Starting in 2005 at Goldman Sachs, I was on board for the wild ride of the GFC before becoming COO for JBWere for 3 years. Since then i've spent a lot of time with startups, both investing and advising, and I fill in my days with other management consulting gigs.

I'm generally known for doing semi-extreme things in my personal time things like bungee, skydiving, marathon running, car racing, dad of twins, motorcycling, cage-fighting and fire-walking, although one of those is not true.

​I've been a Flying Kiwi since almost the beginning and one of the best things I've got from FKA is a great group of friends. I'm on the board and I look forward to our next crop of companies.

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Josh and Tim's Review of 2017
Without all their embellishments at the November Pitch Night #036

February

• Healiase and Moxion are caught in a race for the last slot in LP1 to be portfolio company #10.
• Josh Comrie is formally appointed to the FKA Board because he so photogenic and a gifted actor, as can be seen here.

March

• LP2 partners voted to proceed with DD on Hot Lime Labs, with 12 YES out of 18 votes.
• The FKApprentice role was created.
• Potentia IDT Recruitment becomes our first silver sponsor.
• We welcomed twelve new LPs into LP2, taking the total to 32.
• Kami hits 3,000,000 users.

April

• Lowndes Jordan become our second Silver Sponsor.

May

• Wherewolf gets 93% YES votes, DD proceeds
• NexTransfer pitches with DD report in hand.
• Moxion becomes portfolio company #10.

June

• NexTransfer becomes first investment for LP2 - raises $1m in record time (15 days after pitch night)

July

• Wherewolf becomes FKA portfolio company #12.
• Moxion closes at $927.6k raised - Rudi spends 3 weeks on the road pitching with moxion
• Delta Insurance join the party as third Silver Sponsor.

August

• Kami FKA PFC#02 win in the under $1,000,000 turnover category (American Chamber of Commerce US export)
• Fuel 50 FKA PFC#05 secures US$2m from US VCs Rincon and Bonfire, FKA take up all rights.
• Wherewolf becomes our portfolio company #12 with $622k raised we a have second founder by the name Ben.
• Uproar FKA PFC#09 raises another $600k.

September

• Palace passes DD vote.
• New FKA website goes live.
• Kami passes 4,000,000 users.

October

• Deloitte Fast 50 award Wherewolf the Rising Star.
• Hot Lime Labs becomes FKA PFC#13.
• Party at CCH's residence, board meeting same place, next day at 10am.
• Uli is voluntold into the role of Deal Flow Master.

November

• Julian kicks off ADI.Clinic Hamilton.
• FileInvite passes DD vote
• StretchSense secures a option to exit, just 3 years after FKA starts!
• 50x turns $10k into $500k. In NZ angel circles, unprecedented.
• Average deal size for FKA in 2017 is $700k.