Andy and Nawaz have passed the Veto Gate without incident. So, let's welcome these two who swing on opposite ends of the FKA age spectrum.
Tuesday this week we had three pitches. Melodics (Lawrence & Hattaf), Hectre (Heath) and StretchSense (Chris). Chris Jagger, Aaron Tregaskis and Hattaf shared their views of the ecosystem post The Budget, and their plans for AmpliPHI Ventures to support Kiwi startups with their $2-10m rounds. Rudioutlined plans to expand ADI and to set up a sidecar fund to boost collab among Angel groups.
The shareholder update from Kami №02 is just out. Here some highlights: 6.8M users, 503 contracted customer institutions, mostly schools, up from 173 last year. ARR notched up to $2.7M. Finalist in the upcoming 2019 ExportNZ Awards. Hengjie and Jordan look on as Alliv is nominated as one of 10 semi-finalists for 2019 Kiwibank New Zealander of the Year.
We believe in telling others about helpful resources and have linked from our website to the legal templates of Simmonds Steward and AANZ.
As reported last week, Uli got a jetski. This week Tim and Uli have ventured out. Would be interesting to contrast this with what Martin and Lawrence get up to on the waters near Whangarei.
FKA feeds into the VC Edge report of Dow Jones. In return, we get a copy of the report. Note how the US is being overtaken by China and Israel.
Veronica Harwood-Stevenson is the founder and CEO of Humble Bee. Debra is one of the early investors. Greg Sitters is stepping down as Chair. And Veronica is now looking for "an amazing human to fill the role of Chair of the board at Humble Bee". ☞ Read More
Bill Payne was the early preacher of US Angeldom in NZ. He visited for years with his teachings, some good, others not so relevant to NZ. His "Only write one check!" strategy was not that helpful. From 2010 Ice Angels have celebrated outstanding members with The William H. Payne Active Angel Award, among them in 2011 Rudi and Debra in 2015. However, their webpage is silent on the 2011 laureate.
Extract: Here’s the perfect business idea: Open a Hundred Dollar Bill Store™. You sell hundred dollar bills for ninety dollars each. You’ll lose ten dollars per transaction but you’ll do a trillion in revenues in year one. Maybe you show an ad to everyone who walks into the store and you break even. User growth will be on the order of 1000% per month. A billion users. You’ll be the biggest IPO of all time when Goldman’s underwriters get wind of that growth rate. Go public and let someone else worry about a competitor selling hundred dollar bills for eighty-five.