Newsletter ➢ ᴀFKAғ•2020#03

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28 February 2020 #03 First up at last week's pitch night was Liz, founder and CEO of chnnl. Thank you to the 21 FKA Angels who have voted so far. With 20 YES votes, we have the necessary 50%+ support to progress to DD. Here is the pitch video if missed it on the night. Andy will now assemble the DD Team. If you're interested to help, get in touch with Andy.Harwood@fka.nz. At FKA we believe syndication starts with collaborative DD! Moxion opened a convertible note round on 1 January 2020 looking for $900k. The team has over $1M in the tank with strong support from existing shareholders. FKA investors have taken more than double their rights, committing $237k. Our investor rep Rudi would love to see this number bumped up to $¼m. Ask him anything, rb@fka.nz! "Whether you know Tinder or have done speed-dating before this is a little it that but still very different," assures us the Speed Dating Queen Jennifer at GridAKL. "It is all about matching startups with mentors." If you're interested to help with this FKA slot on that evening just flick Rudi a note, rb@fka.nz. Rob Vickery is the managing partner of Hillfarrance VC and now also the parent of a baby boy. All the best to mum, dad and baby! We've always known that Tim can be pretty vocal and relentless at beating his drums.  Here he goes again with another podcast with what can only be called a sensation grabbing title. On 13 January 2020, the Regulatory Systems (Economic Development) Amendment Act (No 2) 2019 came into effect amending the definition of “code company” under New Zealand’s takeovers legislation. Previously, unlisted companies with at least 50 shareholders, were automatically considered a “code company” and therefore subject to the provisions of the Takeovers Code. The new thresholds are now total assets of NZ$30m or total revenue of NZ$15m. Now easier to be 50 and over!