A unicorn is a spectacular achievement, valuation a milestone to show progress, manage dilution, attract and retain talent, and generate press. But valuation alone is no longer sufficient. It’s time for a new term.
Gorilla □: $1B+ valuation & $100m+ net revenue run rate.
Interesting article and discussion HERE!
No pitch night in May but then we're busy with DD on two deals and there is a lot else on with Techweeek in full swing. However, we'll have drinks and dinner! JOIN US!
Next Tuesday in Ponsonby! More on it from Katheren HERE.
A BIG THANK YOU to Nawaz for helping with FKA's back office and ADI.Clinic in recent years as one of your FKApprentices.□ His interest and work in the crypto space see him now joining GD1 as GP for their Crypto Fund. Go, Nawaz!MOREIn the background is Vignesh from GD1 and, yes! Chintaka from GD1 also has a beard, making GD1, most likely, the NZ VC with more beards than most.
What are NFTs and why would anyone pay tens/hundreds of thousands for a JPEG?
Mon 16 May 18:00–19:00, it's FREE, just book HERE!
The team at Kami knows how to party! Join them for a night of games. Book here!
The CCH has booked. Angels, come out to play! □
Haha, sort of! FKA is leading DD for OneReg's next growth round. OneReg in return is helping MAUI63 which is all about saving dolphins. MBIE PRESS!
We have the summary of companies that participated in the showcase HERE. What a great lineup! Applications are now open for our next cohort. Apply here!
Chloe Fong presented at our August 2021 pitch night. But This Local Piggy is no longer. It is tough in the shadows of the big supermarkets! More HERE
20 finalists! Who will win? Find out Thur 26 May, 18:00–20:00!
Owen G. Glenn Building, University of Auckland. Register HERE□
StretchSense & Kami in our portfolio first surfaced in the Innovation Challenge.
Right now, recruiting the right talent is the #1 challenge for our portfolio companies. What's good for some of our startups may be good for others too! Check it out!