◆◆◆This issue posted from New Zealand soil again ◆◆◆
Following our November pitch night, here comes the pitch video from Koru Diagnostics. With a positive DD Vote, Joe will now assemble a DD Team. If you are interested, can help, please ping Joe.Harper@fka.nz.
Thank you, Joe. Thank you, MIG, for bringing your portfolio company to FKA for this round.
Here comes another pitch video from our November pitch night, this one is from Eight360. We will circulate the co-investment call when our champion Phil has assembled the full info pack which will include a light DD Report for this early-stage deal. Watch more wild action!
FKA is a labour of love and only possible with a division of labour amongst our Angels. The new fka.nz/roles page attempts to show who is taking care of what at the moment. GIF alert!
A big THANK YOU to all who have, are or will take on such roles from time to time to share the workload.
Champion Arron is compiling the info pack for an unusual Angel co-investment opportunity that is the Punch film project. Investor Rep and Moxion Chair Rudi will follow-up with more details on the Moxion Round.
With that, we had a very productive last pitch night in 2019. Thank you to everyone who has brought a deal to pitch night in 2019. There is a lot of upfront work involved and is just as much part of sharing the workload as are the above roles.
Wayve is dedicated to accelerating autonomous mobility and has raised a US$20M Series A round. Co-founder Alex Kendall took his first entrepreneurial steps at Velocity.
This is why FKAngels help every year with judging and mentoring at the Velocity's $100k Challenge - a breeding ground for startup founders!
With all the excitement about the $300m Venture Captial Act, the increase of the annual SCIF budget from $8m to $12m has almost gone unnoticed. This is another bit of good news for Angel investors. Some industry insiders had expected a gradual withdrawal of crown support at the Angel stage with an increased focus on the VC stage.
Garth is our NZVIF Rep and makes sure that FKA and NZVIF will continue to work together closely on diligence to co-invest in great deals.
A bunch of the big wigs from the innovation ecosystem, including our Debra among others, caught up with Peter Bradd yesterday afternoon, watering by way of drinks thanks to NZTE's Simon Ansley. He kindly and efficiently summarised the takeaways from that session.
Having one voice for the NZ startup community to policymakers is key. This voice only needs to focus on 3-4 key high priority/mutually agreeable actions to lobby government, not try to get wide approval on too many issues (to hard considering the diverse interests at play). And this voice must include founders and/or ‘founder come funders’. The primary voices in NZ, AANZ and the emerging Startup Leadership Group, are both lacking in the latter and arguably may not be the best vehicle for this voice (just my opinion)…
Establishing communities, especially around key subsectors (e.g. fintech, creativetech, agritech, spacetech etc), is critical in fostering innovation and growth.
Involving corporates, not just superficially, is the next level.
The 100 (1, 9, 90) rule. It only takes one leader, nine key do’ers, and 90 supporters to influence and create change in any ecosystem! You just have to give it a crack.
A Dubai founder came up with this variant of the FKA logo and wants to see ADI.Clinic franchised in the UAE. Any takers?
Closer to home, in Nelson, Matthias Andermatt wants to run ADI for Nelson Angels from March 2020. That's GREAT!