Another FKA Friday ● 8 December 2023#44

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8 December 2023 #44 820+295  Auckland may have most of the angel investors in NZ but the Stairway To Heaven is clearly in Christchurch! Quoting a Taylor, not by profession but name "...this it is an amazing example that the A from Arts should be part of STEM in schools. STEM to STEAM. Congratulations St Andrews - this is stunning." Lively discussion last night! Deep insight from Kara's Arash: NZ visa policy is blocking smart talent from coming here. Paul Callaghan's "New Zealand as a place talent wants to live" is no longer! Also yesterday, Auditor-General flays Callaghan. Shocking! But then it was only in 2020 that we had the long running Dellabacle. Good on Debra for sticking her neck out and sticking up for those whose reputations were unjustly tarnished #StandWithManaaki. Sir Paul Callaghan must be spinning in his grave! Anything investors can learn from sheep? Charlie Munger of Berkshire Hathaway. This is how according the Carta investor appetite outside of AI has changed from 2021 to 2023. SaaS stable, Hardware has gained, Fintech has dropped. I’ve seen a fair few founders this past year who think that their pre revenue company is worth around £4 million. And they are trying to raise £500k on that pre-money valuation. Interesting discussion! In the parlance of investors there is an oft-expressed and colorful turn-of-phrase, namely, "hair on the deal", that immediately signals the kiss of death for a company's investment prospects. More about hair! Much as angel investors lament hair on a deal many would love hair on the head. □ You want to critizise NZ? Look over the ditch! Australia does not have an Innovation problem it has a commercialisation problem. Our governments have spent $billions on running encouragement programs throwing public money at anyone with an idea... Tongue in cheek from investors who stand for women... Interesting comments! Cool Runnings! Erika and Will Also, on LinkedIn and over 2,000 FKA GIFs on GIPHY.