FKA 😇 Advice, Connections and Funding for NZ Startups
  • Home
  • News
  • About
    • Angels
    • Founders
    • Partners
    • Contact us

Newsletter ➢ ᴀFKAғ•2019#07

15/3/2019

 
*|MC_PREVIEW_TEXT|*

15 March 2019 #07

Interesting pitch night next Tuesday, one AI math tutor and one auto feeder to combat the greedy cow syndrome. Teachers and farmers in FKA ranks will rejoice or at least listen with interest.

Tue 19 March, 18:30 at KPMG, 18 Viaduct Harbour Ave, AKL as usual.

Techion is our portfolio company #07.  They have made a lot of progress since we first invested. With strong support from existing shareholders, only about $400k left in their current round. CEO Greg Mirams has supplied a brief summary sheet and a more detailed overview. If that whets your appetite, please get in touch with Greg as our investor rep Ian is overseas. 
A little known fact: Techion was Rudi's second investment in his quest to become a Serial Sh!t Investor.
Great news from our portfolio company #13 just in. Vlatko and his team at Hot Lime Labs have ticked off the third milestone. In fact, they have done way better than expected. That means the efficiency and hence the cost-benefit calculations are now more attractive.

That makes it really easy to transfer the third milestone tranche. Under the investment terms, FKA will shortly be entitled to subscribe further shares. That looks attractive with the progress to date.

[email protected] is our investor rep and can tell you more.

Isabel has talked with Debra, Jackie and Phil. All feel there is a good mutual fit.  Isabel adds «According to my statistic: there are 53 active angels, 6 women = 11% females. If I go through the veto gate that makes 54 active angels, 7 women = 13% females. FKA will thereby be above the average of 11% female angels across Europe.» 

But hang on! Before we surrender to her seductive line of argument, let's make sure Isabel doesn't have a cupboard full of skeletons that dictate that we stay put on our current stats and shut the door on her.

Tell the bone doctors aka FKA directors in confidence.


BTW Isabel is currently checking out "Kill Bill", so active she is.
See here some stats on angelic gender balance.
Welcome, [email protected] !

He has passed through the veto gate without incident. No skeletons have surfaced. We now have 53 active www.fka.nz/angels. BTW, Ky can backpaddle like few others.
Marisa outed herself at InvestHer last week as never having stepped into gumboots in her life. We all know that is not because she is a slacker. In this talk from 2014, we learn how busy her parents kept her as a child and that there would have been NO time to frolic on a farm. 
Danish architect Dorte Mandrup makes a very interesting point!
Two posts on 'Angel Fees'. With the second one Rudi resigns his official AANZ role, he is just not diplomatic enough.
A humorous video showing a day in the life of a man angel. A KPMG Love song!

It's been a long time coming and here is Vodafone's promo video for iDefigo's surveillance camera and service. iDefigo is our portfolio company #08 and now fully established in the UK.

 You are invited   [if Rudi is, so are all FKAngels and our esteemed readers] to the official opening of Rewired, Xero’s new c-oworking [accounting spell as per the invite] and event space in Auckland on Tuesday, 19 March 2019.

Sadly, this clashes with our pitch night but drinks and canapés are beckoning for those who don't have a ticket to KPMG's superior fare. More details and registration HERE.

LOL! The new AANZ investment templates bring a new acronym. We had SSA for the combined shareholders' and subscription agreement. Jason from our portfolio company Spoke was creative and turned that into SUSA subscription and shareholders' agreement. Now Debra keeps talking about a SHAG or the shareholders' agreement which has been separated from the subscription agreement to hold for a number of investment rounds.

Great stuff when lawyers provide humour and entertainment. It takes two big shags to make a little shag and it takes two law firms to finesse a startup SHAG. In our most recent round, LoJo were acting for FKA and Simmonds Stewart for FormusLabs.

All the funds for the FormusLabs round are in and waiting for Debra to push go so that all can be finalised. DEAL DONE!


Comments are closed.
    Picture

    RSS Feed

    Back Issues

    April 2025
    December 2024
    November 2024
    October 2024
    September 2024
    August 2024
    July 2024
    June 2024
    May 2024
    April 2024
    March 2024
    February 2024
    January 2024
    December 2023
    November 2023
    October 2023
    September 2023
    August 2023
    July 2023
    June 2023
    May 2023
    April 2023
    March 2023
    February 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    December 2016
    March 2016
    February 2016
    December 2015
    October 2013

Picture
© FKA 2014-2024
  • Home
  • News
  • About
    • Angels
    • Founders
    • Partners
    • Contact us