Another FKA Friday ● 14 April 2023#10

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14 April 2023 #10 820 There is no shortage of founders wanting to pitch but we know that post-pitch progress really needs a champion. There are a few founder-champion pairings forming which bodes well for next month's pitch night. One tax year is over, and angels are stacking the box for another year of investing... We have gone past the end of March and FKA investors are receiving their portfolio extracts to entertain their tax accountants. The chart shows calendar years, investments blue, returns red. We have already done just under one million in 2023. EdTech VC's new normal. A handful of late-stage rounds, mainly postsecondary, upskilling and financing startups. EdTech VC down 80% on Q1 2022 and 83% on record high 2021. $1.1B of Venture Capital for Q1 2023. A sobering read! From crunchbase news. Global funding Q1 reached $76 billion—marking a 53% decline year over year from $162 billion in the first quarter of 2022. That’s even including a reported $10 billion investment into OpenA and a $6.5 billion round for payments giant Stripe. ADI.Clinic is reaching for the stars. Last week we told of founders in the US picking the brains of our angels. This week they talked with Out There Austrautics. Andy, Glen, Garth, Ewart, Jeff, John,Jonathan, Ashley, and Rudi are some of the regular angels at ADI. Back down on Earth, Flying Kiwis enjoyed a great dinner yesterday! Thank you, Katheren, for organising our angelic non-investing activities! Also, on LinkedIn and over 2,000 FKA GIFs on GIPHY.