The transcript of the NBR interview was not up to the usual standard. Josh was our pitch night MC and corrected a few things. So here the original.
It is unclear if Josh will apply for the NZGCP CEO job but there is a lot of talk of his voice taking over from David Attenborough. Watch that space!
Another case we had at ADI recently."It looks like you are in need of $400M for a startup, pre-revenue and zero collateral and it looks like you need a funder to do 100% of the $400M. That is very challenging but we do have funders that do projects like yours at 100% funding. [...] has minimal out of pocket fees but you do not get them back and the one attached has just a $250k totally refundable commitment fee to keep you engaged during the 3 or 4-month underwriting process. You get that back even if they fund you or we or you fund funding elsewhere."
We said dodgy
Some of our angels have wings others fly in zero gravity. Go, Averill! The team at Kindrik Partners have just issues an updated set of template docs, a much-appreciated resource in the startup ecosystem. Here goes!
Based in New Zealand, he single-handedly just raised Accord’s first round of capital from a US investor three months after starting the company, for almost NZ$600,000 — and he did it through a Twitter DM. Read more!
Astrix founders Fia Jones, Max Daniels and William Hunter are all 21 and have raised $500k from Peter Beck, Outset Ventures et al. Read More!
Hwang used swaps, a type of derivative that gives an investor exposure to the gains or losses in an underlying asset without owning it directly. His US$20 billion net worth was almost as liquid as a government stimulus check. And then, in two short days, it was gone. Interesting Reading!