Newsletter ➢ ᴀFKAғ•2020#40

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13 November 2020 #40 762   ʀᴇᴀᴅᴇʀs   Last pitch night of the year! WED (NOT TUE) 18 November, 18:30. Hosted by KPMG, 18 Viaduct Harbour Ave, Wynyard Quarter. If you are no Angel ask an Angel to bring you as a guest We have reasons to perform a sabrage or two ? Will Potentia Julian & KPMG James top our past sabrages? Two startups from the FKA stable, Kami and Chatterize made it into the HolonIQ Australia & New Zealand EdTech 50. That is also 100% of FKA's EdTech companies. Chasing NZ EdTech guru Moskovitz Watch the 20,000,000 users video! From guess who Garth, our post-investment manager, sets a fine example and wins the Puawaitanga Award at the 2020 AANZ Angel Summit. "It recognises the Founder and Investor Director who exemplify what can be achieved when two committed people draw on their collective skills and experience to move forward an 'enterprise company in waiting'." FileInvite was literally Garth's baptism of fire in the world of angeldom but he is lucky with a founder/CEO like James Two FKA portfolio companies looking for extra staff - GOOD NEWS! Hot Lime Labs is looking for a superstar student chemical engineer or chemist. More here. Moxion is looking for a full stack developer to deal with the influx of work from film studios around the globe. More here. FORWARD MULTIPLES: This is a preferred metric used to value SaaS companies, who generally carry very few assets, little to no profitability, but all kinds of potential. That number is wildly variable and often bonkers - as of June 2020, the median SaaS valuation multiple for public companies stands at 11.4x ARR. So how is that number calculated? The answer?.....it depends: But a companies revenue growth and sales efficiency dominate the model. Cash flow margins, net income margins (profitability), gross margins, and many other metrics are largely irrelevant. Unshamed lift from the great newsletter that Jon Davies puts out every week  See that LinkedIn post  but also Michael Murphy's top five takeaways from the summit Where is Wally? Where is Andy? Debra? Garth? Gavin? Heath? Julian? Nawaz? Rudi? More pictures here. A crowed afternoon, yesterday at ADI Auckland. Not only founders had to wait their turn, with nine angelic mentors they had to take turns too in order not to overcrowd the meeting room. The excitement, especially from Garth, is due to a skincare range for men. Glen took home the pies. Some interesting propositions, Deal Flow Andy will follow up We bring you three Parties! Check out the new coworking space for CreativeTech. What better way than going to the opening party,  Wed 2 Dec, 18:00!  REGO Brent, Lachlan and team are celebrating NZ$55m for science and advanced engineering ‘deep-tech’ investments in NZ. Launch party - Tue 8 December, 16:30 - 19:30. REGO Note from the editor: Photo sourced from the web. Thu, Nov 19 · 17:00 It's party time in Wellington! Secure your spot here. Spot in the pic at least one Trevor Dickinson who has picked more startups to invest in than most. "The facts and figures show that everything is pretty f@!$ed in regards to our mental health!" Jimi Hunt is touring the country with FREE talks to recalibrate our concept of mental health. The same Jimi who built the longest water slide in the world near Auckland in 2017. Sadly, many of the attributes that make great founders also mean they are faced with more mental health issues than most. We Angels also have a responsibility to help with this! Great to see GridAKL, Mum's Garage and Selfstarters come together for this pre-Xmas gift for Kiwi founders and peeps with an idea. They would also appreciate some Angels in the wings (with wings).  REGO