Ice Angels just had their GREAT SHOWCASE and so Flying Kiwi Angels will have their GREATEST SHOWMAN. Yes, our September pitch night is next Tuesday, as usual generously hosted by FKA's premium sponsors KPMG. Incidentally, they are one ahead of FKA with respect to GEO AR Games who are currently undergoing DD whilst Craig Jakich from KPMG Ashburton is already doing the GAG accounts.
Everyone is amped to hear Ambit pitch so the pressure is on!
Josh and Tim are part of the co-founder team behind chatbot Ambit. Consequently, it takes a conflict-free FKAngel like Heath to be the champion and bring this to pitch night. The crowd wonders what headgear will they wear and who will pitch, given that both Josh and Tim like the sound of their voice. Don't miss this one!
Little known fact, at the IA Showcase the editor caught up withJB from Squirrelwho put the Squirrel bot persona on Tinder for a laugh. Haha!
This week Genevieve Tearle is knocking on heaven's door to add FKA wings to her ADI halo. Since April she has been a regular mentor at the ADI Auckland. No wonder that Cornelius, Debra, Rudi and Uli all give a fat tick to see her with wings. Very cool, but as always, SPEAK UP NOW if you know of any reasons why Genevieve should not join FKA! Please, raise your concerns in confidence with the Board. ☞ HERE
Phil is our true Flying Kiwi often helping with DD whilst travelling for his passion. He recently made 2nd place in the Dutch competition and 5th in the British competition. He competes in the shrinking 'rigid wing' class that is being overtaken in popularity by the 'flexi' class. The facetious might liken his success to 95-year-old Olga who is winning medals and setting world records in her class. ☞ BBC footage
Thanks, Tim(Gelston, not Warren), for reminding us of this harsh reality. We all know that most startups fail but looking at the data of 1,100+ startups from seed investment onward puts it all into an even harsher perspective. Only 48% raised a second round of funding, and a mere 15% went on to raise a fourth. And the chances of reaching unicorn status?
Ice Angels' Showcase was indeed a numbers game. Table seating for 900, 989 RSVPs, our CCH got seated at table #90, the last one. However, better tables for Trotter who was seen trotting around and Flacks who was also in the room, as was Hall and So.
Big numbers also with the pitches, multimillion rounds at eye-watering valuations. AskNicely, one that got away although we had early engagement. They are now raising US$7-10m on a valuation to be set by the lead investor but expected to be about US$50M. Definitely some great companies in the mix and good on Robbie and team for getting those to the night.
Some early ones too that would unlikely have found a champion among FKAngels, let alone pass the DD Vote. IA's focus and strength are clearly with later stage deals that have rounds which demand the big cheques that such a staged event can generate. The distance between the founders and the investor audience was a perfect proxy for the difference between the IA and FKA style of angel investing.
Torn between Shanghai Nights and Blenheim Vineyards Rudi finally gave in to the former and he will be joining the Zino investor trip to China. As a consequence, he has an Early Bird Ticket to the AANZ Summit in Blenheim to sell away, first come first serve. ☞ more on the summit
All mistakes, grammar, spelling or otherwise in this publication have been made by Rudi and then overlooked by Debbie, Jackie, Karl, Katheren and Masha. Same goes for the images. However, Rudi has been known to insert some after the early morning review.