Two young at heart FKA Angels had a guardian angel at the Targa Rally two weeks ago. True, everybody needs some excitement and a counter balance to the normal safe-pair-of-hands governance stance.
Tue 22 Mar - Pitch Night #018 Two updates from our portfolio companies. Please RSVPhere.
Hengjie gives his update on Kami
Anne gives her update on Fuel50
Thu 24 Mar - ADI.Clinic Fully booked: 6 x 20 min slots.
Thu 31 Mar - Equitable Food and Drinks The guys at Equitise are extending a warm invite to all FKA Angels to come along to their SKINS briefing for a meet and greet and to shout FKA liquid and solid calories. Not a bad idea! A perfect finish for ADI Mentors. Please RSPV here.
Mon 11 Apr - Auckland Exit Strategy Workshop AANZ provide this $150 one day workshop across the country. For all venues and times and more details and register please see here.
Debtor Daddy is open for collection of commitments on Equitise. Techion and iDefigo are waiting for directors and 25%+ shareholders to authenticate on the system to satisfy anti-money laundering and know your client requirements. We will then send links to all who have made commitments for the collection of funds.
Aisleworx, Investor Rep update from Rudi Bublitz Aisleworx has made good progress since the store imposed shut down over Xmas and New Year. They have already put some 130 carts into 62 US stores and will add a total of 650 new stores this year, working up to a deployment rate by the end of this year of 1,000 new stores per year. Current burn rate is still zero but that will change with the appointment of new staff over the next few months.
Aisleworx is introducing static side screens, which in cooperation with a major brand will open the way to making the carts free to stores. This will strengthen the business model but temporarily reduce cashflows from the leasing firm. For this reason, and to increase US production capacity and to close out the current round the board has decided to raise for $300k or more via a public offer on Equitise. Full details here.
Also, the company is preparing for an 8 store trial in June with Walmart.
Positive Reaction to February's Market Validation Master Class "HiRudi, Great workshop at Auckland University the other week. We immediately implemented our own programme and have been pleasantly surprised by the fascinating results. As your speaker pointed out, we've been able to use the findings in our RoI calculators, but also as a thought leadership tool back toindustry and an inbound enquiry generator.... we got a lot out of the FKA workshop! Here's our investor update for the month, I thought you might like a copy. Angie"
Angie has been to ADI.Clinic and came to our November pitch night to network and find a champion. They have now been accepted into the Lightning Lab Accelerator. Request their investor overview here.
Thu 10 Mar - ADI.Clinic Same as every week, now at GridAKL.
Tue 22 Mar - Pitch Night #018 Just make a note in your diary...