We have a positive recommendation from the DD team! A great team effort, in super quick time, just in time for Easter under the co-leadership of Caroline Quay from Cure Kids Ventures and Andy from FKA.
Before we will circulate this co-investment opportunity you might like to refresh your memory of what Dr Elisabeth Berryman is setting out to do.
Garth and team have also completed the positive DD Report for Hivemind. "Honey, honey for Easter!" We will circulate this co-investment opportunity but see the pitch video first.
FormusLabs joined the FKA portfolio in February 2019. Going strong, not just chipping away at it, they have just closed a $500k convertible note round. Existing shareholders have chipped in and given up preemptive rights to bring in a well-connected US lead investor.
The FKA portfolio is pretty healthy given the COVID-19 Startup-Killer-Threat. With chnnl & Formus it has even some real health focus.
For a sense of how COVID-19 is affecting the world’s tech “unicorns” consider two of them. Lime, valued at $2.4bn, has halted its services in Europe and America. DoorDash, a $13bn food-delivery company, has suddenly found itself useful to a self-isolating society as a whole, not just couch potatoes; deliveries have surged. Read on!
Tim from Ambit is ambitious! Of course, he is a Flying Kiwi but also a chatbot boffin. He says "Building a chatbot with New Zealand's Nigel Latta was awesome but building a chatbot with international superstar Lady Gaga has taken our ambitions at Ambit to another level!"
WeWork's rapid fall from grace might drag down Meetup too. Hence Meetup is splitting again from WeWork. Read more.
SoftBank’s Masayoshi Son, a passionate supporter of WeWork, now predicts that 15 of the companies in its $100 billion Vision Fund will go bankrupt. Read more.
Women behave no differently from men at work yet they get different results. This is an interesting study involving 'comms sensors'. Read it!
This 'Peace on Earth' message reached Kiwi Angel groups just before Easter. Whilst Angels love confident founders this is something else.