COVID-19 is affecting our work. GirdAKL has shut down and we are running our ADI.Clinic for everyone by video call. Thank you to Lawrence for providing his Horn.co platform.
This week Garth has reached out to all investor reps to ascertain the impact of COVID-19 to see if, where and how we can help our portfolio companies.
Bill is a Kiwi stuck in Melbourne yet a happy member of Melbourne Angels. He is a prolific investor with FKA and is visiting Auckland. Join Bill and Rudi in the Viaduct for lunch on Friday, 3 April at 12:30! RSVP
Anyways, so was the plan last week
Here some medicine from SaaStr founder Jason Lemkin.
Not all Angels are saints. See the extreme measures the all-female All Saints have taken to secure funding for their portfolio companies.
“Focus your support on existing funded companies - especially those with revenue and staff - they have the most to lose, and have the most value if they are supported. If your companies raise money, help them. Even a small amount can be incredibly valuable.
“Work with them to understand how to sensibly cut costs. Understand the government support package to be announced. Remember - if you have cash, NZ will have virtually zero interest rates for at least 12 months, so it's not earning much in the way of interest in the bank. Use it to keep people in jobs. Tim Warren(Co-founder Ambit & FKA Angel).