Another FKA Friday ● 3 June 2022#18

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3 June 2022 #18 818 We have completed DD on Dacreed and the DD team has given a positive investment recommendation. First commitments from Flying Kiwis have reached $250k and we have circulated our DD Report for syndication with other investors. That's how we fly! Looks like, Garth crook with Covid sent his two daughters to clean the stables.? He put that time to good use and surfaced some interesting resources for founders on how to navigate a market downturn. Sequoia’s lengthy, albeit incredibly insightful PDF, who survives a downturn like this, and how Airbnb handled the COVID-19 impact. A16z’s framework HERE, reevaluating your valuation, controlling your burn, and best and worst-case scenario plans. Y Combinator letter HERE, “Assuming expenses remain constant and revenue growth what it was over recent months, does the business make it to profitability on the money they have? Or to put it more dramatically, by default do they live or die?”  Paul Graham. Also this broader video on the topic WATCH. Get well Garth! ? Ah, also Debra & Phil! TEDx Auckland - 8 June, we have a discounted ticket link for you HERE! ?️ This claims to be bigger than Ben Hur. Our Chief Cat Herder got a FREE registration link, check it out and register. MORE HERE NBR spin on its THE NBR "Rich" List. "...a much smaller proportion take on a niche pastime and act as ‘angel investors’ to direct funding to young high-growth companies. MORE HERE Fundraising is tough, and fundraising in the US even more so. Silicon Valley Bank is running a virtual workshop for ANZ founders. MORE HERE? Mates who got $300k in PledgeMe funding bought cars, holidays and booze... This is why you want a solid DD process and an investor rep! MORE HERE Unbelievable but true! Lovina, the only social media voice of Movac, may have missed Easter with this post but she raises a pertinent point. READ ON Like Lovina, Tim is not shy on social media!? He'll talk at the AI Insights Conference at the end of June. SEE MORE Troy has been a regular at ADI.Clinic and brings a lot of trans-Tasman savvy to the table. He also combines tech and marketing with logistics know-how. SEE PRESS Also, on LinkedIn and over 2,000 FKA GIFs on GIPHY.