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Newsletter ➢ ᴀFKAғ•2019#22

28/6/2019


	28 June 2019 #22

Michelle Polglase and Dave Meaney are calling for Mentor Speed Dating for the Auckland cohort of the KFA Kiwi FinTech Accelerator.

Wednesday 10 July, 17:30 - 19:30, Rewired, Level 2/96 St Georges Bay Rd, Parnell. Interested? Email Dave!

Campbell so impressed Jennifer at her Adviser Speed Dating extravaganza at Techweek that she is hoping to attract another Angel*⁾ to take part in her August event, advice against food and drinks.

Monday, 26 August, 17:00 - 20:00. Pls, diarize and email Jennifer.

*⁾ or Campbell of course

We talked to Conqa a few years back. They are back and have made impressive progress. Any Angel from the building industry or otherwise who wants to step in as champion? Here the IM for FKA eyes only!

Chief Kitten Herder Hattaf recommends this HBR article that underpins his rationale for U35 - FKA's Angels aged 35 and under. Chief Cat Herder Rudi provides this LinkedIn post or just the video for Lawrence, not from LA but a LinkedIn Alien.

James and Stephen sent in this photo from their mini FKA congress in London this week. They claim the photo was taken only minutes before they met with a queen.

Appointment news is often so-so, not so this one. Michael Murphy has been a champion for the startup ecosystem for many years from within Datacom and Ice Angels. Great to see him bringing that experience to Callaghan Innovation and its Incubator Programmes.

Nicolas Erdody is the Angel Group Oamaru. He digs multicore processing with big spades. Nicolas is visiting Auckland next week and catching up with FKA's CCH. If any of FKA's CTO Angels want to join lunch on Wednesday, pls email Rudi.

The industry that Nicolas operates in imposes a strict security regime which is why time and venue cannot be publicised.

This week founder and CEO Alan Walpole from Freighthub is looking for a director who ideally brings freight know-how and capacity for modest operational involvement. Wanna know more? Email Alan!

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Newsletter ➢ ᴀFKAғ•2019#21

21/6/2019

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	21 June 2019 #21

Andy and Nawaz have passed the Veto Gate without incident. So, let's welcome these two who swing on opposite ends of the FKA age spectrum.

Tuesday this week we had three pitches. Melodics (Lawrence & Hattaf), Hectre (Heath) and StretchSense (Chris). Chris Jagger, Aaron Tregaskis and Hattaf shared their views of the ecosystem post The Budget, and their plans for AmpliPHI Ventures to support Kiwi startups with their $2-10m rounds. Rudi outlined plans to expand ADI and to set up a sidecar fund to boost collab among Angel groups.

The shareholder update from Kami №02 is just out. Here some highlights: 6.8M users, 503 contracted customer institutions, mostly schools, up from 173 last year. ARR notched up to $2.7M. Finalist in the upcoming 2019 ExportNZ Awards. Hengjie and Jordan look on as Alliv is nominated as one of 10 semi-finalists for 2019 Kiwibank New Zealander of the Year.

We believe in telling others about helpful resources and have linked from our website to the legal templates of Simmonds Steward and AANZ.

www.fka.nz/resources/legal-templates

As reported last week, Uli got a jetski. This week Tim and Uli have ventured out. Would be interesting to contrast this with what Martin and Lawrence get up to on the waters near Whangarei.

FKA feeds into the VC Edge report of Dow Jones. In return, we get a copy of the report. Note how the US is being overtaken by China and Israel.

Veronica Harwood-Stevenson is the founder and CEO of Humble Bee. Debra is one of the early investors. Greg Sitters is stepping down as Chair. And Veronica is now looking for "an amazing human to fill the role of Chair of the board at Humble Bee". ☞ Read More

Bill Payne was the early preacher of US Angeldom in NZ. He visited for years with his teachings, some good, others not so relevant to NZ. His "Only write one check!" strategy was not that helpful. From 2010 Ice Angels have celebrated outstanding members with The William H. Payne Active Angel Award, among them in 2011 Rudi and Debra in 2015. However, their webpage is silent on the 2011 laureate.

Sadly, you've missed Bill's webinar which was yesterday at 4am but thankfully Lawrence has shared this ☞ interesting article on value.

Extract: Here’s the perfect business idea: Open a Hundred Dollar Bill Store™. You sell hundred dollar bills for ninety dollars each. You’ll lose ten dollars per transaction but you’ll do a trillion in revenues in year one. Maybe you show an ad to everyone who walks into the store and you break even. User growth will be on the order of 1000% per month. A billion users. You’ll be the biggest IPO of all time when Goldman’s underwriters get wind of that growth rate. Go public and let someone else worry about a competitor selling hundred dollar bills for eighty-five.

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Newsletter ➢ ᴀFKAғ•2019#20

14/6/2019

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	14 June 2019 #20

Our June pitch night is upon us.
KPMG, 18 Viaduct Harbour Ave, AKL
Tue, 18 June 2019, 18:30

The FKA Veto Gate builds on a tradition that goes back to Roman times, except that we don't have a Veto Caller. Anyways, Thinker Andy Harwood has talked with Debra, Eric and Rudi after he attended numerous ADI sessions with them. They reckon he is a great fit and "a breath of fresh air". See his LinkedIn profile to understand the reference.

However, if any Angels wish to blow the Veto Horn, they should notify the Board in confidence of any concerns.

Nawaz Ahmed has been toiling for our CCH as FKA intern. Our youngest kid on the block yet and very clued up about blockchain. He has now talked with Hattaf, Rudi and Uli about becoming a fully fledged Flying Kiwi and all feel there is a great mutual fit.

However, if any Angels know of reasons to block him, then they should notify the Board in confidence of any concerns.

iDefigo №08 has been named this week as one of the major Security as a Service (SaaS) Market Players by Zion Market Research.

Uli got a job recently, now he also has a jet ski! Tim G and Uli are calling on all other risk-takers with a similar affliction among the Flying Kiwis to come out and join them on the water. Not 50 Angels flying on Lime Scooters but flying on jet skis.

It was with initial shock when one unsuspecting Angel opened an email to hear of a stolen shareholder update. Turns out this was simply an update from Stolen Spirits.

Roelof Botha's investment memo for YouTube came into the public domain as an exhibit in a Court case about copyright violations. It illustrates how Sequoia makes investment decisions.

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Newsletter ➢ ᴀFKAғ•2019#19

7/6/2019

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	7 June 2019 #19

Akudos, the people who are all about making people feel valued, have reached 18 votes of support for DD. With that Lawrence has his work cut out. We have some volunteers to help with DD already but there is room for some extra brain power.

Please get in touch with Lawrence.Levine@fka.nz directly.

Julian and Phil are going in on the Kiwi Fintech Accelerator LP Fund with others via the AngelHQ nominee. Thanks, AngelHQ! It doesn't make sense to consolidate less than five investors on a nominee for an investment into a fund.

Existing FKA Nominee shareholders have invested a further $30,000 in the Vesper Marine 2019 Round. It's all about marine safety!

Commitments for the FileInvite 2019 Round are building. Garth has lined up pitches up and down the country and in Australia. This could see him beat our Syndication Queen Debra.

Interesting Auckland ADI this week. Our youngest mentors yet. A real eye-opener for one startup when we shared where the business model failed for previous attempts to solve the last mile delivery with the help of Uber drivers. An early and ambitious blockchain source of supply proposition. MAD On Collections looking to make ad money rather than clip the ticket on sales. Impressive site, well funded to date.

An interesting infographic that lets you dynamically see how old the founders of big-name businesses were when they started their business.

For example: James Casey 19 [UPS], William Boeing 35 [Boeing], Charles Flint 61 [IBM],

Some more background on how the lament of the series A funding gap has been addressed by The Budget. A new $300 million local venture capital mandate has been awarded to the NZ Superannuation Fund (NZS). It will administer this with NZVIF through underlying managers targeting NZ growth businesses in the $2-15 million valuation range.

Kate was with KPMG in 2017 when she raised $3,206.85 for Lifewise. Now she is with Datamine and pay is still miserable. HELP KATE!

Angela Saini's article is a sad testament of how the power of women is simply being ignored. FKA sees a lot of entrepreneurial women in science startups. We value the opinions of our female Angels because we know diverse groups make for better outcomes!

In July 2016 Domecq expressed interest in joining FKA and shared her IM for Innovation Foundery. She never got back to face the various concerns raised by a number of FKAngels.

In late 2018, Heartland Bank pulled the plug on four companies Domecq had directed – Foundry, marketing firm Ora HQ, consultancy service Wild Logic and data startup The Fulcrum.

This week's NBR article "Domecq opts for bankruptcy as Aussie investors close in" as "millions of dollars are still owed to creditors of several companies linked to Ms Domecq".

According to press articles, Rob Campbell was associated with Domecq in several transactions and governance roles.

This Telegraph article from 2010 was telling.

Sadly the ACA notice for this aptly named session came a little too late and the NZ time of 4am would have been a little early.

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Newsletter ➢ ᴀFKAғ•2019#22

28 June 2019 #22

Newsletter ➢ ᴀFKAғ•2019#21

21 June 2019 #21

www.fka.nz/resources/legal-templates

Newsletter ➢ ᴀFKAғ•2019#20

14 June 2019 #20

Our June pitch night is upon us. KPMG, 18 Viaduct Harbour Ave, AKL Tue, 18 June 2019, 18:30

Newsletter ➢ ᴀFKAғ•2019#19

7 June 2019 #19

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Our June pitch night is upon us.
KPMG, 18 Viaduct Harbour Ave, AKL
Tue, 18 June 2019, 18:30