Newsletter ➢ ᴀFKAғ•2018#22

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29 June 2018#22 Winter in NZ means lots of angels are overseas where it's warmer. Some say with age comes a preference for warm weather? Anyways, that is why the ballot box for the Toothcrush DD Vote was not as full as usual. Nonetheless, getting 17 YES of 20 votes cast is very clear and strong support, 85% video + website A strong DD Team is already forming around Uli. Still room for one or two; beats a visit to your dentist for sure. ☠️Health warning! With positive DD your investment might be more than a dentist's bill though. ☞ Just email Uli.Wiehle@fka.nz if you can and want to help with DD. Yabble DD is progressing with Uli now close on the heels of Cornelius and his gang. Hot Lime Labs is FKA's portfolio company #13 that is firmly anchored in the real world of horticulture, more precisely greenhouses. This week marks their coy arrival in the virtual world; the website is finally live Ah Song Sunwoo, originally from Seoul and FKA's normally fervent advocate at Glaister Ennor, gleefully sent through this cheeky nose rub. Between Friday editions FKA's CCH finds an occasional outlet on LinkedIn for his graphics or critical opinion.  Big bad German lawyer wolf and little My Food Bag sheep  Sharks in motion with Moxion  Drew Barrymore before and after makeup FKA keep getting better on all fronts. Our formal LP structure has imposed a lot of painful admin and other rigours that a lean organisation can well do without. We have now dissolved LP1 and LP1 which were formed in 2014 and 2016 respectively. Forthwith we will operate under a much simpler Custody and Management Agreement (CMA) which will be circulated to all existing investors in the coming weeks. The new 11-page CMA replaces the 39-page LP agreement and the 9-page power of attorney. It can be signed electronically, most likely with FileInvite PFC#14, by a single investor contact aka the angel. Incredibly sometimes lawyers can reduce the word count. For that, big thanks go to Mark Hopkinson at Glaister Ennor.  Remember the recent Kellogg's article in ᴀFKAꜰ 2018#19? In essence, older founders are more likely to succeed. Josh and Tim had that same hunch and started AmbitAI.com. Things are going well and they have just been selected for Vodafone's xone accelerator. As you can see, Tim is in the zone(xone). video + press release They had planned on an angel round with FKA in the middle of this year. However, already in the positive cash flow nirvana, they are delaying the round until it is clear where best to apply growth funds. Thanks, Stephen for the AI report last week. Looks like Josh and Tim are doing a tad more than just talk the AI talk ? Okay, the road show up and down the country to reel in applicants is over. From 40 strong applicants, the qualifiers for the program will be announced in the Top Ten workshop next Tue, 3 July 16:00. Go there! Be there! You might like one of them enough to step in as one of the mentors. ☞ RSVP  or ping Debra.Hall@fka.nz aka D.Hall@Zino.co.nz directly. Not nek minute but nek day! Join us for drinks, pizza and all you can ask. Wed 4 July 18:00 @ The Generator, 12 Madden St, Wynyard Quarter, Auckland, the home of Zino and NZVIF. Rudi is co-hosting with MC Rory from Innovation Capital. ☞ Register for the Meetup In the last week, Rudi received two unprompted requests to introduce two later stage investors to Hot Lime Labs PFC#13 and Moxion PFC#10. Talk is talk but also a natural precursor to action in the angel/VC space. On this foggy Friday morning, investor reps are attending another FLIGHT session that Suse from AANZ has organised. These sessions are to upskill deal champions and investors reps. She has chosen to call them lovingly and fittingly the Flight Crew