The results from the DD Votes following our May Pitch Night are in.
Sadly, Black Pearl Mail did not get enough support to proceed to DD. Thank you to Josh for bringing Nick to the group for a pitch, a very dynamic and confident pitch that showed a strong US influence ?
Better news for Yabble! Of the 26 votes that we received every single one was in favour of DD, a great result. Watch the pitch video from CEO Kathryn to see for yourself. Cornelius will be leading DD and Debra, Jackie, Steve and Uli are helping. However, first up Cornelius and Kathryn have to settle the question of premoney.
Great news: Cornelius has finally turned himself into an employee after the last stage of the sale of his business with the catchy name went through. He is NOT late with his exit, he is just so much younger than many other angels. Helping to dispel Debra's «pale, stale and male» statistical stereotype. Just having completed DD on the founder side of the table, he will now jump on the other side to lead DD on Yabble.
Congrats from all of us at FKA! Remember we have the 3 ticks rule at FKA and the 3 months rule. The FKA honour calls for the lucky beneficiary of an EXIT to shout an unsolicited drink to any other FKAngel, on sight, for the 3 months after EXIT ???
Loving you Cornelius, not just for the next 3 months
Phil Southward, not Backward, our FKAngel in Munich is married to Sauerkraut (The Frau) and has written a whole book about it. So it is little surprise that his trip report from the ACA Summit in Boston nearly amounts to another book. Worth a read, he is a good writer!
10 AɴɢᴇʟɪᴄCPDPᴏɪɴᴛs for reading his report on US trends, valuation methods, case studies and more.
But wait, there is more, Phil rants on. The above webinar is from the two Seraf investors who presented at the ACA summit. Tim W and I attended the session and it is outlined in my trip report. Both were really good presenters and the valuation method and spreadsheet they provided are pretty good.
I’m not 100% convinced of their method as it seems a bit complex and at such an early stage, valuations are a bit of finger in the air stuff. However, the Berkus method is more subjective than their method and perhaps also too simple now. I’d like to try the Seraf method on the next DD and compare to Berkus. ☞ Be nuanced and register here for this early morning webinar!
What are John and Suse at AANZ making a song and dance about? Finally, the Startup Genome benchmark results for NZ have come through. An Interesting read!
Note: Our Chief GIF Maker realised too late that genome ≠ gnome.
Garth and Tim G are already working with Arien after he came to ADI∙Clinic. Mitali reckons AUT Ventures has more gold and wants to open the treasure trove for FKA. Rudi is meeting her on Monday, 11:00 at AUT, CBD campus. Would be great to have some other FKAngels come along. Mitali will likely shout us coffee and we get to see some interesting early-stage businesses. Just ping Rudi.
Then at 13:00, interviews to help Janine, an Irish Academic in Auckland, with her research about the NZ angel world.
Put this one in your diary! KiwiNet helps us and other seed investors with the personality assessment of founder teams. However, primarily they are about helping with the commercialisation of IP that is generated at NZ universities.
Hot Lime Labs, our portfolio company #12, has come via KiwiNet. The day session will be full of new smart ideas and is well worth attending. The evening is all about celebrating success.