Another FKA Friday ● 2 August 2024#28

Angelic news from the NZ group that says it how it is □

2 August 2024 #28 836+413  It's a small world, not just in NZ. This week's Google search for a header GIF went full circle and we've repurposed an image from 2016 that we found. Debbie and Nigel from Vince after the Auckland Food Show, are on the plane to another expo, Seedlab Australia. "Look out Australia the NZ veggie smugglers are on their way!" More good news, with the round done, growth money is on the way! □ Thanks! Yes, we’ll soon see that a lot of AI companies were over-valued just like Pets.com and AOL. But innovators are also, under the surface, building the new Amazons and Paypals and Salesforces. TRUE! From the Business Desk. Soul Machines raised US$100m+ but seems not to have found product market fit. Vision attracts investor-$$$, but customer-$$$ call for execution. MORE HERE! Watch out for the Tim Warren cameo--now a year older! SAFE stats from Carta. In the US a SAFE is a generic instrument, akin to our CLA or convertible note agreement. Some local investors say a SAFE has no interest but a CLA has. It's not in the name but in the details of the docs. Even when you make a deal with angels the devil is still in the details. There is a tricky nuance between pre- and post-money caps. HERE The latter is not very common in NZ yet but stands at 85% in the US.  From the Economist. No one cares about the character of hedge-fund managers or private-equity tycoons, as long as they are making money. The genius of Taylor Inc is the ability to pursue sharp business tactics, while at the same time being careful not to undermine Swift’s wholesome image. We have been running ADI.Clinic since 2013. 20 minutes to understand what founders are doing and give feedback, advice, and connections—an initial conversation. But this may not be right for everyone.  Timing can kill companies. The survivor syndrome is alive and well. When everybody thinks that Elon Musk invented the EV that couldn't be further from the truth. READ Also, on LinkedIn and over 2,000 FKA GIFs on GIPHY.