We saw two very early ideas this week and one that had seen its pain point disappear before they got traction. We hope the founders were impressed rather than intimidated by the number of mentors. Thanks 7x to Garth Hinton, Hattaf Ansari, Jai Somaratne, Rudi Bublitz, Steve Casper and our two FKApprentices Nick and Ryan.
Our first FKApprentice Zack who now works for China-based toy company Zuru that was founded by three Kiwi siblings reports: "You'd love to hear I had over 60 meetings in four days in New York, all from inventors pitching their ideas. ADI's with FKA helped me out an incredible lot!"
The Slingshotters are running another accelerator and upscaler, this time with Caltex. They are in Auckland in early March as part of their roadshow to attract Kiwi talent. You should tell the startups in your network about it as this may be of interest to them. More about it here.
Last week it was tears over Sarah at Glaister Ennor. This week at GE it is tears over Masha who has been looking after all FKA fund transfers. According to unconfirmed rumours, she has accepted an extra role in Hollywood as a Russian sleeper agent.
Very interesting article on valuation and funding stages for SaaS companies. A worthwhile read, recommends Tim Warren.
Investors (and their bank accounts) don't grow on trees, but there are some tricks to get you and your business noticed by the gals & guys that sign the cheques. Sam Stubbs - Simplicity Kiwisaver, Vaughan Rowsell - Vend and Jo Mills - Fuel50PFC#04 have all experienced the highs and lows of getting the right people behind your business. They sat down on a couch with us and chatted staircases, BBQs and storytelling. Take a listen to their top tips to get your business investment ready.
Here, an interesting website where you can check if your user id and password have been leaked and possibly offered for sale on the Darknet. A great motivator for having different passwords and changing them from time to time.