Another FKA Friday ● 16 December 2022#46

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16 December 2022 #46 807 Last December several Flying Kiwi Angels were pretty busy with the back office work surrounding the Moxion exit, our 10th portfolio company. 62 investors received a Xmas present ranging between $6k and $1.5m. During 2022 FKA had more returns from Debtor Daddy #08, Vesper Marine #16, and Chatterize #22. Phew, all completed before the end of the year. However, there are still several funding rounds in process for Hot Lime Labs #13, Narrative Muse #18, and OneReg #25 ? Email Rudi if you wish to redirect some of your budget for Xmas presents towards startups that will be truly grateful for that extra bit of runway! From TechCrunch+. Partly from Christchurch is obviously in FKA's anti-portfolio. We missed the seed round in 2020 but then it was priced well north of the angelic comfort zone. But an impressive number of local and international VCs jumped in. Angel investor puts $10,000 into a friend’s business. Pre-product and pre-revenue, he gets 1%, pricing the round at $1m post-money. The company grows like crazy and eventually sells for $10bn. The angel investor makes $100m right? 10,000x his investment? Nope, he makes $0. Sobering thoughts before the festive drinks From the CCH and AI. Merry Christmas, FKA investors! Thank you for your support and guidance throughout the year. We hope you have a wonderful holiday season filled with joy, laughter, and good cheer. Wishing a very merry Christmas to FKA, the best group of angel investors around! Your passion and expertise inspire us every day. We hope you have a wonderful holiday filled with love, laughter, and good company. Happy holidays, Flying Kiwis! Your contributions to the startup ecosystem are invaluable. Thank you for taking a chance on us and for helping us realize our dreams. We hope you have a joyous Christmas and a happy new year. On this special day, we want to say thank you and merry Christmas to the amazing Flying Kiwi Angels who make our dreams a reality. Your wisdom and support mean the world to us. We hope you have a wonderful holiday season surrounded by the people you love. ChatGPT illustrates how far conversational AI has come. It can write pitches, blogs, websites, oh, and poems. Feed it articles and see how it summarises them... Julian So has already shown his lazy hand with this post! ? Tim like Julian is a Flying Kiwi with a day job. He doesn't let AI speak for him nor grab his drink. Creative Welly Episode #39--Courageous conversations with bold humans (from the most creative little capital in the world). Will AI words displace GIF animations in this newsletter? Maybe! But then unicorn Figma bets on GIF despite several high Flying Kiwi Angels having shared doom and gloom articles about the future of GIF with the editorial team.  A Flying Kiwi, oh so sweet A boon for startups, can't be beat They bring capital, and lots of skill To help your business climb the hill With money and advice, they can assist In getting your venture off to a good start They'll offer guidance, and help you grow So you can build a company that's sure to show And as you rise, and reach the top You'll look back and see, your angel played a part In getting you there, with their wise counsel And helping your dreams, become more full So if you're a founder, with a great idea Don't hesitate, to seek out an angel near They'll be a valuable ally, in your quest for success And help you build a company, that's truly the best! Also, on LinkedIn and over 2,000 FKA GIFs on GIPHY.