At this point, a big THANK YOU is due to our sponsors who have hosted all our pitch nights throughout this year, especial KPMG who has hosted most of them. Also, Potentia hosted us with a sabrage of the sexes.
Graeme Thomson has a day job in Wellington with alternative asset managers Morrison&Co and he is moonlighting with MIG our angel partners in Manawatu. Not enough! He has talked with Jai, Ian and Charlie about Santa and how FKA do things. All feel there is a good fit. The editor is delighted to have a Veto Gate fit for Xmas!
As you know, our Veto Gate is about lifting the Santa hat on new applicants to make sure we don't bring any unwanted reputational risk or otherwise onto the group. If you know of any reasons why Graeme should not join, now is the time to speak up.
Last week we said the Moxion.io round was looking to be oversubscribed. This week we can confirm the $1.2M target has been well exceeded with now $1.8M of commitments. The Board and shareholders are delighted with this strong level of support, and the company will accept the extra money. Awesome result!
CEO Hugh and Exec Chair Nigel are already back in Hollywood for promising meetings with several of the big content producers that have recently entered the film industry and are driving big changes.
Diligence on Geo AR Games, Kademi and FormuslLabs is still alive but not likely to close before Xmas. FormusLabs has only just started, Kademi has been held back travel, and GAG is waiting for further progress from Chinese investors.
Thank you, Uli, Ralf and Debra, and your respective teams, for hanging in there. Once again, proof that true angels do their best work over the festive season.
Just in time for Xmas news from one of our founders, "We've got our reactor nearly ready [...] to get the first run in around Christmas time. Here is our PIG (pre-industrial generator) being loaded inside the container. That was last week [... and] a photo of our gasifier which will turn the wood into a usable gas to feed the PIG. Exciting times :)"
PIG, not turkey this Xmas!
The other day a dialogue on LinkedIn
Hi Rudi I am looking for an investor, But I think the Angel investor should be call vulture, angel is an bs con, and a complete miss use of Angel, can you explain what Angels do?? Suck the life out of the inventor!
Youcan see from my profile that I'm an angel investor so I'm unsure what you're trying to achieve by going into a tirade about angel investors before you know me.
I agree that I do not know you! I was referring to the use of the word "Angel" I think it conjures up the idea that you are helping people because you are such an Angle, when in actual fact Angle investors are all about helping themselves! you may be the exception, so why use the term Angel? It would be like me saying I am a god designer. Forgive me if I have offended you!
Pivots, some love them, some loathe'em. "Before dominating their respective spaces, these companies looked very different from what they are known for today. Check out their stories." CB Insights
Some of the tech that we get excited about as investors can have negative social impact. Mobile phones may be good for those at either end of the conversation but they can be bad for others in the room.