Newsletter ➢ ᴀFKAғ•2019#19

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7 June 2019 #19 Akudos, the people who are all about making people feel valued, have reached 18 votes of support for DD. With that Lawrence has his work cut out. We have some volunteers to help with DD already but there is room for some extra brain power. Please get in touch with Lawrence.Levine@fka.nz directly.   Julian and Phil are going in on the Kiwi Fintech Accelerator LP Fund with others via the AngelHQ nominee. Thanks, AngelHQ! It doesn't make sense to consolidate less than five investors on a nominee for an investment into a fund. Existing FKA Nominee shareholders have invested a further $30,000 in the Vesper Marine 2019 Round. It's all about marine safety! Commitments for the FileInvite 2019 Round are building. Garth has lined up pitches up and down the country and in Australia. This could see him beat our Syndication Queen Debra. Interesting Auckland ADI this week. Our youngest mentors yet. A real eye-opener for one startup when we shared where the business model failed for previous attempts to solve the last mile delivery with the help of Uber drivers. An early and ambitious blockchain source of supply proposition. MAD On Collections looking to make ad money rather than clip the ticket on sales. Impressive site, well funded to date. An interesting infographic that lets you dynamically see how old the founders of big-name businesses were when they started their business. For example: James Casey 19 [UPS], William Boeing 35 [Boeing], Charles Flint 61 [IBM], Some more background on how the lament of the series A funding gap has been addressed by The Budget. A new $300 million local venture capital mandate has been awarded to the NZ Superannuation Fund (NZS). It will administer this with NZVIF through underlying managers targeting NZ growth businesses in the $2-15 million valuation range. Kate was with KPMG in 2017 when she raised $3,206.85 for Lifewise. Now she is with Datamine and pay is still miserable. HELP KATE! Angela Saini's article is a sad testament of how the power of women is simply being ignored. FKA sees a lot of entrepreneurial women in science startups. We value the opinions of our female Angels because we know diverse groups make for better outcomes! In July 2016 Domecq expressed interest in joining FKA and shared her IM for Innovation Foundery. She never got back to face the various concerns raised by a number of FKAngels.  In late 2018, Heartland Bank pulled the plug on four companies Domecq had directed – Foundry, marketing firm Ora HQ, consultancy service Wild Logic and data startup The Fulcrum. This week's NBR article "Domecq opts for bankruptcy as Aussie investors close in" as "millions of dollars are still owed to creditors of several companies linked to Ms Domecq". According to press articles, Rob Campbell was associated with Domecq in several transactions and governance roles. This Telegraph article from 2010 was telling. Sadly the ACA notice for this aptly named session came a little too late and the NZ time of 4am would have been a little early.