Newsletter ➢ ᴀFKAғ•2019#46

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13 December 2019 #46 Let's acknowledge all the Angels that are not bearing gifts but bearing the brunt of the DD work following our busy November pitch night! DD teams are working away on Hivemind and Koru Diagnostics. The Champions for Eight360, Moxion and Punch will deliver DD packs before Xmas. Some parent Angels have gifted investment funds in the past to fuel to business model conversations around the dinner table. A special THANK YOU is in order for Jai! In 2019 he has helped every DD team with process advice and the setup of the data rooms. Strangely, Rudi hears a lot about reindeers at the moment. So he is pleased that this interesting article deflects attention away from the season favourite. Startups need to be clear what animal they are hunting! On the second Thursday of each month, we witness the race between Queenstown and Auckland ADI.Clinic for who is seeing more startups. Yesterday, Auckland saw 1 and Queenstown 3. Queenstown wins Charlie in 1994 leaving Clevedon for work or Forrest starting his big run? The race was a points race through a random course determined by light-activated gates. Points for driving through the centre of the gate, shortest distance travelled and overall time. Sound familiar? For Angels it's all about being in the right place at the right time and finding the exit gate by the shortest and fastest route. The Surprise winner of 50 Angels racing Jaguars was CCH Rudi Usually, he helps others go faster. We love Sharon from Love My New Zealand who keeps organising these events for our Angels. She is an Angel of a different kind. Thanks to Sharon we have raised another $475 for the NZ Sailing Trust. Glen is sharing KiwiNet's Pipeline Post for December.  A Plug for Sharon and Love My New Zealand Straight from the mare's mouth "If you have a small spot this Friday to let Angels know that if they are not convinced by now that Shaz and Love My New Zealand are all about the delivery of the experience then hopefully if they have forgotten anyone who is really important in the run-up to the festive gift-giving, they are welcome to make contact for a tailored budget, tailored experience, tailored execution." Sharon@LoveMyNewZealand.com Entries for the 2020 Hi-Tech awards are now open. You can nominate a hi-tech superstar for either the Hi-Tech Inspiring Individual or Hi-Tech Young Achiever awards. Or nominate a hi-tech company who you think is leading the way from a business, product or solution perspective. ☞ Nominate Depressing press reporting in NZ! 14 November, Spinoff reports dodgy sales tactics at Crimson. 25 November, Stuff sounds like a corporate press release celebrating new Crimson director John Key after The Herald did so earlier. 8 December, USA Today exposes a number of inconsistencies. The tenor of reporting has changed as the local press is playing catch up. Cave cane! Do your DD before accepting a Board seat. Shipley and Key may have not have heard the dogs barking AngelEquity was borne from the fear of the crowdfunding wave. It closed its doors earlier this year. The NBR reports for the year to June 2019, there were 34% fewer successful crowdfunding offers and 52% fewer licensed investors investing through the platform. Snowball Effect and PledgeMe, the first to be licensed for equity crowdfunding five years ago, remain the two biggest players. The NBR report from August highlighted the challenges of operators in this space as all of them keep writing losses.