Another FKA Friday ● 28 April 2023#12

28/4/2023


	28 April 2023 #12		842

Our next pitch night will be in May, and we have already invited two startups. However, the night will be hosted by KPMG under more clement conditions than in Oulu, Finland. Check this out! ‍

We caught up with one of the judges in the startup category after the final judging yesterday. There was a very robust discussion following the interviews with the finalists, Astute Access, CarbonCrop, Formus Labs, Tracksuit, and ZeroJet.

All judges are sworn to secrecy and the category winners will only be announced at the Gala Dinner on 23 June in Christchurch. Get your ticket HERE.

Yes, Formus Labs is one of the FKA portfolio companies. Ju and his team have just got FDA 510(k) Clearance - a major milestone that opens sales in the US!

"I’ve never taken a step back and graded my predictions, but now that enough time has passed, I thought it might be fun to do just that. So this week’s post is pretty simple: I’ll grade five predictions I made in 2020 and see what we can learn from them." Interesting self-analysis of a tech writer. HERE.

“I always saw Michael Gambon wearing madly psychedelic socks, and I always thought that it is one of the few areas where men can really express colour and have a bit of a dandyish quality to their outfit.” – Daniel Radcliffe □‍♂️

Some might disagree and see other sartorial opportunities for men to express themselves. But FileInvite is going mad about sock merch. COOL!

Also, on LinkedIn and over 2,000 FKA GIFs on GIPHY.

Another FKA Friday ● 21 April 2023#11

21/4/2023


	21 April 2023 #11		821

Yes, about lipstick on pigs, building an actual unicorn, and the shift from growth to profitability. Read this insightful blog!

Standing out from the crowd with your pitch deck when investors see hundreds of decks every year makes a lot of sense. However, check out this interesting response to a LinkedIn post. It advocates for angel syndicates.

Andy is looking after FKA's deal flow and this guide should help him regain his sanity and interest others.

1) Conduct detailed market analysis, 2) Identify macro trends, 3) Research exit activity, 4) Compare companies, and 5) Discover and track emerging spaces.

Founders and investors alike always like to get a handle on the valuation of SasS businesses. The SaaS Capital Index is a multi-tab spreadsheet that has a lot of interesting data to play with. You can register for a monthly update HERE.

However, nobody knows if 7x is now a stable point of reference or if this factor will reduce further. Only time will tell.

Also, on LinkedIn and over 2,000 FKA GIFs on GIPHY.

Another FKA Friday ● 14 April 2023#10

14/4/2023


	14 April 2023 #10		820

There is no shortage of founders wanting to pitch but we know that post-pitch progress really needs a champion. There are a few founder-champion pairings forming which bodes well for next month's pitch night.

One tax year is over, and angels are stacking the box for another year of investing...

We have gone past the end of March and FKA investors are receiving their portfolio extracts to entertain their tax accountants.

The chart shows calendar years, investments blue, returns red. We have already done just under one million in 2023.

EdTech VC's new normal. A handful of late-stage rounds, mainly postsecondary, upskilling and financing startups. EdTech VC down 80% on Q1 2022 and 83% on record high 2021. $1.1B of Venture Capital for Q1 2023. A sobering read!

From crunchbase news. Global funding Q1 reached $76 billion—marking a 53% decline year over year from $162 billion in the first quarter of 2022. That’s even including a reported $10 billion investment into OpenA and a $6.5 billion round for payments giant Stripe.

ADI.Clinic is reaching for the stars. Last week we told of founders in the US picking the brains of our angels. This week they talked with Out There Austrautics.

Andy, Glen, Garth, Ewart, Jeff, John,Jonathan, Ashley, and Rudi are some of the regular angels at ADI.

Back down on Earth, Flying Kiwis enjoyed a great dinner yesterday! Thank you, Katheren, for organising our angelic non-investing activities!

Also, on LinkedIn and over 2,000 FKA GIFs on GIPHY.

Another FKA Friday ● 7 April 2023#09

7/4/2023


	7 April 2023 #09		821

10 Years of helping Kiwis do the weird stuff! Register your interest in The Callaghan Innovation Roadshow—Fund, Upskill, Connect, Solve, Grow.

Something sketchy from our 28th portfolio company that demonstrated the true meaning of a bridge round! Already within 20 days, we reached the end of the bridge, hitting the Series A with a US VC lead which made for some happy KISS note investors. Investors beware bridges to nowhere often lead exactly there!

From Stuff. Meet NZ's female venture capital partners. Not coiffure, cash flow and carry is what matters!

Oops, but let's not forget MJ Alvarez, now MP at WNT!

Founders check into ADi.Clinic for advice from all over NZ, some from even further afield like Heistof.London. Heist is chasing men that care about their coiffure!

On the same day, we had Kold Open. "I’m based in New York so the time zone conversion is a bit tricky - I think the earliest time zone call now with daylight savings in New Zealand is mid-night EST. "

Debra is passionate about startups and governance and knows a thing or two about that too. Read her interview with BoardPro, a great governance tool and Garth.Hinton@fka.nz can hook you up with a special deal.

An unidentified multibillionaire has paid a whopping $7 billion USD in taxes, making it the biggest tax payment in US history. That's a lot of mula!

Happy Easter, everyone!

Also, on LinkedIn and over 2,000 FKA GIFs on GIPHY.

Another FKA Friday ● 28 April 2023#12

Another FKA Friday ● 21 April 2023#11

Another FKA Friday ● 14 April 2023#10

Another FKA Friday ● 7 April 2023#09

Happy Easter, everyone!

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