FKA 😇 Advice, Connections and Funding for NZ Startups
  • Home
  • News
  • About
    • Angels
    • Founders
    • Partners
    • Contact us

Another FKA Friday ● 9 June 2023#18

9/6/2023

 
*|MC_PREVIEW_TEXT|*
9 June 2023 #18 818
Haha,  not actually the final payout but the 1st tranche of the escrow payout is expected shortly. It was in December 2020 when Moxion #10 was acquired by Autodesk. A proud moment to see one of our fledgling startups reaching maturity and leaving the nest. Hugh and his team keep driving innovation for filmmakers!
Also, great news for the shareholders of Kami #02 has come in overnight. Shareholders, watch out for your update if you haven't spotted it yet.
The vast majority of funded companies start their lives as unsustainable engines. They burn cash in pursuit of a future economic engine that will spit off cash. But as capital became more, and more plentiful it has enabled unsustainability to persist for much longer. When the inevitable weight of business gravity smashes into the face of an unsuspecting subsidy darling, it can get ugly.

A GREAT READ! About Uber, Airbnb, Netflix, and more...

Scott Kennedy's list will be helpful to many founders. It is nearly complete but there are many differences between the list entries for founders to discover.

Girl in a jacket
There is a lot of talk about flywheels in the startup world. We captured this one on video for you. A not so serious take but boy does it work! Watch it!
Nuanced advice from Mitali Purohit on "Raising capital in the current environment".
In March 2018 Black Pearl Mail pitched at $7.9m premoney. We did not proceed.

Nearly 5 years later, In December 2022 Black Pearl Group listed on the NZX with a capitalisation of $20m. The current cap is $15m. The company told shareholders it had raised $1.8m, whilst revenue to March was $1.6m ($1.4m ARR) with a net loss of $7.3m.


Only in NZ can a company list on the stock market at such an early stage. It is tough raising capital from VCs but it may be just as hard on the stock market. A small-cap IPO may not deliver substantial liquidity for early-stage investors.
The 2023 SaaS  Party is getting closer.  21 June, Wellington, Be there!
Also, on LinkedIn and over 2,000 FKA GIFs on GIPHY.

Comments are closed.
    Picture

    RSS Feed

    Back Issues

    June 2025
    May 2025
    April 2025
    December 2024
    November 2024
    October 2024
    September 2024
    August 2024
    July 2024
    June 2024
    May 2024
    April 2024
    March 2024
    February 2024
    January 2024
    December 2023
    November 2023
    October 2023
    September 2023
    August 2023
    July 2023
    June 2023
    May 2023
    April 2023
    March 2023
    February 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    December 2016
    March 2016
    February 2016
    December 2015
    October 2013

Picture
© FKA 2014-2024
  • Home
  • News
  • About
    • Angels
    • Founders
    • Partners
    • Contact us