Another FKA Friday ● 28 July 2023#25

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28 July 2023 #25 818 Last week we had "Founders: don't Build a Unicorn". Gil Meron's response: Early in the pandemic, Harvard argued startups should think like camels, not unicorns. With the cash glut of 2021, this didn't get much attention but it seems very relevant now. Kate pitched Hazard Evaluation aka HazEL in July and now comes the VIDEO. Whilst "10 investments" is no longer deemed a sufficient number to give angel investors good diversification and returns, it is a fallacy that an index fund will produce superior results. Find out why! Watch out for Kiwi venture funds touting that message! FileInvite is hiring, see the ad here, and hear James the CEO on this podcast here. Too much “you should do this” and “you should do that” and not enough “in my experience,…” or “here’s what worked for me…” Experience ≠ expertise. Interesting! It appears the profitability advantages of the PLG model may not persist as PLG companies scale, especially in this new economic environment. Read on! The new Active Investor Plus Visa increased the amount foreigners had to invest in New Zealand to buy a pathway to residency from $3 million to a minimum of $5 million and shifted the asset class from bonds to direct investment into unlisted companies. Only one so far! OMG! Nek minnit, nek dah - all good! OMG₂! Many ill-founded hopes for a new crop of angel investors have crashed with it too. It would be tough to deploy $5m into early-stage NZ startups. The funds would more likely go into later-stage ventures and PE. But all that seems hypothetical as the real migrant numbers are coming through. Also, on LinkedIn and over 2,000 FKA GIFs on GIPHY.