CEO Brian Karlson is lucky to have Siamese co-champions in James Hoseason and Chris Chandler for his business NexTransfer. James and Chris don't mess around and shoulder tapped three more FKAngels to rush ahead with DD. This is a first for FKA! NexTransfer has pitched with the DD Report already in hand.
This is turning our normal DD Vote straight away into the first Investment Vote for LP2.
Let's welcome our latest sponsors! The folks at LoJo have been long term supporters of Startup Weekend and have heaps of passion for startups. Andrew Wallace has helped Moxion unchain from Astrolabe.
Two new sponsors Potentia and LoJo means 2x sabrage. Chris was leading the way for KPMG with this spectacle . CHH reckons Julian has the physique to do it for Potentia and Rudi recks Michelle would be perfect for LoJo and show that it doesn't take a big sword, size does not matter .
Heliase still ongoing.
Hot Lime Labs progressing.
Wherewolf progressing well.
Moxion (pronounce MOTION) is FKA portfolio number #10 and the last investment for LP1.
If you missed the teaser video, check the link on the left. Considering to co-invest? Rudi reckons you should but get him to email the DD Report first.
Bill Reichert from Silicon Valley attended Tuesday's pitch night. It was interesting to compare notes after the pitches and later over dinner.
Big thanks to Chris from KPMG for picking up the tab and making Bill feel welcome and appreciated.
More here ☞ LinkedIn ◇ BLOG.
PC#02 CEO Hengji reports: Brevard County School District pilot for Chromebooks is going well. They have over 74,000 students in Florida. Kami made their pilot class "almost completely" paperless.
Dr Mark Sagar is only one of the finalists. If you've seen Avatar, King Kong or Spider-man 2, you've seen his work. The two-time Academy Award winner, a pioneer in the world of CGI, is now capturing worldwide attention with his emotionally intelligent avatars - Soul Machines.
See the finalists during the day and/or attend the award ceremony in the evening. Please register here.
Kate will be sleeping rough so others don't have to. Nice one, Kate! "Anybody that knows me knows how much I love my sleep and the comforts of home (e.g. silly little things like heaters), so this will definitely be a challenge! "
Here ☞ her sponsorship page.
We had ADI.Clinic this week in Auckland. Interesting founder from the transport industry came with his MVP for selling empty truck space for discounted B2B deliveries. An interesting alternative to the Transfervans pitch from only Tuesday.
A BIG thank you to the followingmentors: Dan Burrell, David Hepburn, Karl von Randow, Rudi Bublitz, Tim Gelston, Tim Warren, Uli Wiehle and all the way from Germany via Skype Phil Southward, and last but not least from Hamilton our FKApprentice Zack.
Pitch Night #030 ◇ Tue 23 May, 18:30 @ KPMG, 18 Viaduct Ave, AKL
A First at FKA: Transfercar will pitch and James being a true champion has already shoulder tapped a bunch of FKAngles to help with DD. He reckons he'll also bring the finished report!
Trixie liked her recent ADI.Clinic and we liked her frozen cocktails. She is looking for a business partner and will bring her swips to loosen everyone's tongue to help with her quest.
1) Moxion DD report finished, voted to be portfolio company #10 by LP1 2) Transfercar pitch and DD report next Tuesday 3) Heliase still ongoing. 4) Hot Lime Labs data room populated, now with help from Matthias Andermatt ex Nelson Angels. 3) Wherewolf progressing well.
The Moxion DD Report was circulated earlier this week and the LPs of LP1 have voted Moxion to be FKA Portfolio Company #10. If you are interested in this round and want to know more just flick an email the champion, Rudi.
Welcome aboard with FKA! David has left his skeletons if any behind in distant Scotland. It remains to be seen if he left Scottish mores behind as well and will celebrate his passing of the VETO Gate in wet fashion.
Never mind 11, here just 1 good reason!
Friday, 26 May 2017
AUT Ventures Series ◉ 7:30am until 10.00am
WA Conference Centre, AUT City Campus, 55 Wellesley Street ☞ RSVP here Health innovations + Bill Reichert, angel investor and MD at Garage Technology Ventures, Silicon Valley. Bill is curious about FKA and wants to talk with us. What did you tell him, Campbell?
Here some advice from Nikki for Tim and Josh.
If you live in Auckland and have an old PC that's still going and going spare then Hengjie@kamihq.com from KAMI would love to hear from you. Still bootstrapping!
Innovations Capital Event on 15 June during Fieldays, invitation only and bringing together 200+ investors with 50+ innovative exhibitors. Enterprise Angels invite all FKAngels. Please register for a free full 1-day pass to Fieldays (15th only), VIP parking, and entrance to the capital event, including drinks and nibbles. Let FKApprentice Lisa@fka.nz know if you're going and we might be able to organise carpooling or a minibus.
Balex Marine R.I.P.
Enterprise Angels left terra firma to back this marine business. Last year more support from Snowball. With no champion in FKA, we declined.
Now, the receivers are making money.
EA DD Workshops
These will focus on key findings including red flags and the approach taken to mitigate these concerns where relevant. This will be an interactive session with experts in specific industries on hand to provide detailed insights.
12-2pm, Thursday 25 May, BNZ Partners, Tauranga - register
12-2pm, Friday 26 May, Crowe Howarth, Hamilton - register
Murray Denyer (Cooney Lees Morgan) , Graham Gaylard (NetValue), David Macaskill (James & Wells), Katherine Sandford, Alan Dick, Mark Fergus (KPMG), Waruna Karunaratne (Crowe Horwath) are all experts in their fields who (among others) will be on hand to analyse and provide feedback on the case studies.
Borat has put Kazakstan on the map. Now Sergei Belan from the other middle earth has written FKA with his FLYING DISK. "I KNOW HOW and I able to assemble a manned vehicle about 7-8 m in diameter (up to 4 passengers). And I suggest you collect in your country the world's first manned flying disk."
Who would have thought that our name would attract first flying cars and now flying disks?
We had ADI.Clinic only in Auckland this week. One interesting discussion was around an idea that couldn't be fully disclosed. To do with the health issues around barrister made coffee. We failed at the first hurdle, couldn't agree whether there is a problem and if people care to pay to have it fixed.
BIG thank you to the followingmentors: Garth Hinton, Karl von Randow, Rudi Bublitz and Tim Gelston. Especially, GARTH who stayed until the bitter end at 6 pm, as the others rushed off early to the IA pitch night to support UPROAR. CEO Charlie delivered a much-improved pitch.
The first dirty dozen of FKAngels kicked off in May 2013 to share their angelic work load. Now, in May 2017 we have to cap the volunteer angels helping with ADI.Clinic and due diligence. An unexpected but sweet measure of success!
Fair enough, we have more angelic helpers but what about speed? There are a few deals that need to come out the other end of DD with a final report! Go, team!
The video above is David in 2015, looks much the same now. He has been to our April pitch night and two ADI.Clinic sessions since. He has spoken with Josh, Uli and Rudi, and all think there is a good mutual fit. Long may the British-German rivalry continue.
FKAngels, any reasons to object? Now is the time to speak up!
Please email all.Directors@fka.nz in confidence.
Sterling lineup of speakers on an important topic. This Friday 17:30 at GridAK. ☞ Tickets here.
Innovations Capital Event will be held on 15 June during Fieldays. This invitation only event brings together over 200 investors with 50+ innovative exhibitors. Enterprise Angels invite all FKAngles. Please register for a free full 1-day pass to Fieldays (15th only), VIP parking, and entrance to the capital event, including drinks and nibbles. EA, the same group that invested in Rockit Apple! AgTech rocks!
Our FKAngel Ian Clarke totally digs it too.
We had ADI.Clinic only in Auckland this week. We had some likely candidates for one of our next pitch nights come through which is great. This week we had so many from the angel fraternity/sisterhood that we split into two room allowing us to extend some sessions and reducing mentor numbers to something less intimidating. BIG thank you to the followingmentors: David Hepburn, Karl von Randow, Kate Turska, Martin Wellesley, Rudi Bublitz, Uli Wiehle, Zack our FKApprentice.
Wherewolf CEO Ben Calder got a sweet result with the DD Vote, 93% of LP voters said "YES, let's do DD!" and already 9 (NINE!) volunteers to help with DD. See left, what a prudent wolf does with his sweets. Here again Ben's pitch video ?
Remember, two portfolio companies are looking for follow-on money. Our investor reps can give more background and they manage commitments. #07 Techion Ian.Clarke@fka.nz #09 Uproar Charlie.James@fka.nz
Who will make #10 portfolio company in LP1? MoxionHeliaseMyBitcoinSaverWherewolfHot Lime Labs
Clean bill of health for Phil Southward, no skeletons have surfaced. So let's welcome this keen man who is already helping wrestle the Wherewolf in DD as new FKAssociate, as #53 in our fearless team.
Last month FKAngel Julian So went to the ACA Summit 2017 in San Francisco. Here his trip report to AANZ for sponsoring part of his trip.
"Entrepreneurs are from Venus, Investors are from Mars" @ the ecentre has been rebranded "Amplify & Collision | Investors & Entrepreneurs" for more clarity. Rudi, our CCH is one of the panellists next Monday. See more here and grab the earlier bus tour here which will dovetail into this event
PE/VC stage investment for Rockit Apple. Congrats to Steve Saunders, a staunch investor putting Kiwi fruit money into apples. He and Enterprise Angels invested in 2011. Here the press release from a very happy Bill Murphy.
The question of the future of the NZ Venture Investment Fund is the trigger for one of the most important questions right now in New Zealand – how early stage venture capital in R&D, innovation and technology is funded and managed.
Michael White offers some very interesting insights and opinions in his NBR article: The state of play for New Zealand's venture capital industry
Helping with Mentoring and Judging
Judging/Mentoring @Innovation Challenge
Another reminder that your skills are called for to help with the judging and mentoring of the better teams. More here, register interest here.
This is the new ecentre accelerator that will kick off in June. More here. They are looking for mentors and this may be of interest to some FKAngels.
Please connect directly with