Tuesday was our FKA Pitch Night #040 with 50+ angels and guests, 2 pitches, 1 investee update, and 1 cake as it was also Jackie's birthday. She is still the same YOUNG! Happy Birthday! Sadly, our Chief Cat Herder failed to protect the cake.
Below are the pitch videos from Yabble and Black Pearl. Our normal voting process is underway to decide if we should proceed and assemble a DD team. Thank you to Debra and Cornelius for championing Yabble and Josh for championing Black Pearl.
Last week's ADI.Clinic in Auckland produced Yabble Julian So ran the Hamilton ADI.Clinic - Hamilton is caught up in Fieldays Fever. Yesterday Auckland looked a tad like Shark Tank with 8 mentors in a glass-walled meeting room. Our first punter was in the second half of the first age-century and we felt it prudent to offer her a glass of water upon the shock of entering the room.
Awesome! Thank you, Julian, mentors, even if you can look scary in numbers.
Genevieve Tearle, regular mentor
Nelson Wang, Zino
Simon Brown, angel prospect
Victor Tsai, Zino
From June we will run ADI∙Clinic once a month in the evening as an open forum. This will better reach founders in full-time work and those who feel not ready for a 1:1 with angels. It will also provide opportunity for more FKAngels to get involved ?
Little know fact: Rory can probably pitch the FKA model better than most.
Thank you Nina Le Lievre for this generous invite to EA's awesome pitching and showcase extravaganza at Fieldays that is leaving the showcase of other angel groups in the icy cold. To be sure this is all about high tech AgTech which Bill Murphy has been championing for years.
Sadly he has unsubscribed from this newsletter and will miss out on our reverent GIF. See you at Fieldays, Bill!
Phil's observation after last weeks link to the GoBeyond report: I checked them out in Munich last year and decided not to have anything to do with them even though they seem to have good stats.
They charge 20% carried interest on all exits, yet the investors choose their own investments.
High membership fees. If you don’t pay their highest fee, then they charge CHF 100 for visiting every investment evening.
I haven’t been able to find out for sure, but I think they charge fees on every investment. (Yes, 6%)
Then the killer for me - they charge startups to pitch !! The fees I saw were around CHF 250 per session.
Seems they are only interested in clipping the ticket, not in being angel investors. Note from the editor: Phil evidently has bigcat herdingskills.
Two great events next Thursday. Click on the images to read more and register. An interesting line up of speakers from Grow North and the end of round one of the Velocity competition. The judges have seen some strong entries, there could be another Kami, our PFC#02 that evolved from that competition.
Interesting article and US data. Revenue has become a much more important prerequisite to funding, in 2010 only 10% of seed or A round funded companies had revenues, today it is more than half.