Newsletter ➢ ᴀFKAғ•2018#19

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8 June 2018#19 > Many eat Kellogg's cereal for breakfast, others ingest knowledge from the Kellogg School of Management. Here we have an interesting article on founder age. Surprisingly, a 60-year-old founder is 27 times more likely to be successful than a 20-year-old founder. Maybe Josh and Tim started with Ambit still a little bit early? Same goes for Hattaf and his Brewshout? On that basis, Aisleworx PFC#03 and Datagate PFC#05 must be bets with good odds and the Charlie-Charlie pairing at Uproar PFC#09 a good move. Fuel50 PFC#04, is Anne really only 21? Yabble DD is now underway after a brief delay over an NDA that some angels felt was too onerous. However, CEO Katherin promptly fixed that. Cornelius Boertjens is leading the DD Team consisting of Alan Buxton (UK based), Arron Patterson, Debra Hall, Jackie Young, James McGeorge (KPMG), Steve Copley and Uli Wiehle. Wow 7, that is more than half a dirty dozen. The roots of the company name may remain forever obscure. We found two brief video references in the worlds of skateboarding or cartoons. Debra is promiscuous with her time, she's with FKA but also running the Zino Innovation Hub, and there are numerous entrepreneurs that pick her brain. Zino is running the very successful New Kiwis Challenge again. Now, they are calling for mentors. You don't have to be short, wrinkly and green like Yoda to be a good mentor, and there is no guarantee that entrepreneurs will look like Princess Leia or Luke Skywalker. Talk to Debra.Hall@fka.nz about mentoring □ Woohoo! ADI.Clinic just had kittens. On Wednesday we ran our first AAA ◇ Ask Angels Anything session at the Generator, 12 Madden St. It drew a new audience of founders and stimulated a lot of interesting conversations, and new bookings for our regular ADI.Clinic. A big thank you goes to Zino and NZVIF for helping launch this event and fielding many of the questions. Super big thanks to the Generator and Innovation Capital for making sure everything ran smoothly and for bankrolling generous helpings of pizza and beer. Duncan, Rory and MC Brett good to have you in the room. Great how Elizabeth managed to organise the team at Innovation Capital before heading off on holiday. Cat herding not just in angelic circles Uli and Marisa want to bring a startup to our next pitch night, 19 June. Imagine a startup that is already touching 500,000 teeth every day, is break even and now looking for funds to scale up. Intrigued? So you should be! Hear it all at the pitch night! US$24k will buy you an angelic education at Stanford. Alternatively, commit to investing $25k, join FKA and learn by doing it with the best at FKA. Seriously though, check out the course, one graduate from FKA ranks would be awesome Note: $25k is the entry commitment for ACTIVE angels, FKA's general co-investor minimum is $10k per investment. Alexander Jarvis ☞ Read all. "So it seems that startup valuation comes from how much you can raise, limited by the investor market, and what your dilution is, that you accept. It’s an output rather than an input." Tomasz Tunguz ☞ Read all. "There are five forces driving the startup ecosystem today...[which means] For founders, greater access to capital at higher valuations from investors who understand these models better than in the past are all positives... For investors, this environment also has many benefits. There is a larger universe of investors to invest in companies at later stages, increasing fundraising likelihood. Subsequent rounds are completed at higher valuations, boosting IRR and paper multiple..." Note: Caution with those paper multiples Ray Dalio is a US billionaire investor, hedge fund manager, and philanthropist. He is the founder of investment firm Bridgewater Associates, one of the world's largest hedge funds. Now aged 68,  he is sharing some of the insights into how he made US$17.4b with this video.