Welcome Lane, Bel and Miles!

David is our investor rep for Kami and now US-based.

• Annual investment cap up from $12m to $20m,
• Maximum investment per company up from $1.5m to $2.5m,
• 1:1 matching for government to private capital now up at 2:1,
• Aspire forthwith free to co-lead or lead deals.

Philippe of TAO Performance drove down all the way from Pahia for his ADI session yesterday. He left satisfied with the advice and connections from 7 mentors in the room and a further 4 online. AWESOME!

This LinkedIn post gives more on who is behind it.

Hit him up for a deal or become a kiteboarding ambassador!

No BS from Marvin Liao and the other investors on this panel. Remember Marvin's candid talk with Rudi last year?

Read the full article in the language of economic power. Good to know that FKA has more German Angels than most.

NBR extract 2 June 2020. Lesson 3. Allocations in capital raisings are becoming more transparent. In sharemarkets, one of the most mysterious places is the broker’s ‘bookbuild’ room. This is the place where investment bankers, alongside the companies issuing the new shares, decide who gets what.

You might imagine that this is an orderly procedure, but the stakes can be very high and the feedback is that it is more like a scene of chaos where wild promises of lavish future commissions and clients’ loyalties swirl and pitch through the wee small hours. Investors will beg, plead, and demand, sometimes all three in one phone call, to be ‘looked after’ and receive a good allocation from the ‘bookbuild’ room.

Even after the fact, it can be very unclear what percentage allocation is a good or bad one. Now, however, the world appears to have changed. Stock exchanges are now demanding that allocations will, in the first instance, be determined by how many shares investors own of the company when the capital raising is announced. A pro-rata approach is transparent and sensible and how it should always have been, it is just not as interesting a process.

Consensus was - let's do that again!

This here is Paul's deck but you best hear it from the horse's mouth to really bring the case studies to life!

Dubai, which has one of the most diversified and non-oil dependent economies in the Gulf, relies on sectors like hospitality, tourism, entertainment, logistics, property and retail. Read more! Hattaf in tears!

Send your fav founders! Register here.

ADI mentors have more fun! Be there for the next instalment.

Transactions will be assessed to ensure they are in NZ’s best interest. These Covid19 induced measures will be reviewed every 90 days.

Brief Article  

Ben from StretchSense pitching, Paul from EverEdge presenting, time permitting Brian from NexTransfer or Doug from Aisleworx updating.

Lights, camera, infection! Hollywood unlocks - Film and TV studios in Los Angeles county will get the green light to start shooting again today. [...] Trickiest of all is the acting itself. How do you film a socially distanced love scene? ...

So, our own Nawaz is actually behind The Inquisitive VC. So cool! Not that long ago he was still an eager FKApprenctice. GO, Nawaz!

If you want to hear it from the Jason Statham voice without the look listen to NewstalkZB. Why not be a scout? Apply here!

Cheer her up and send her an email!

Christoph Janz, Point Nine Capital says, "Given that we have a global pandemic and are likely heading into the deepest recession since World War II, it’s obviously not a great time to fundraise. At the same time, tech companies are better off than any other industry, and, to answer the question posed in the headline, VCs are still investing!"

➤ The state of fundraising in the spring of 2020, in 12 simple charts.

➤ Fundraising During a Pandemic, in 1 simple video

Register to watch or pitch - Saturdays 10am

Exᴘᴇʀɪᴇɴᴄᴇ VR Lɪᴋᴇ Yᴏᴜ Hᴀᴠᴇ Nᴇᴠᴇʀ Fᴇʟᴛ Bᴇꜰᴏʀᴇ. Great slogan but is it grammatically correct? Your German writer is a little unsure.

Check it out!

Michael Murphy, half Angel, half Callaghan Innovation has stimulated some discussion on Linkedin.

From Robett's Ramble. □ Brad Olsen, economist □ Les Morgan, hotelier □ Peri Drysdale, founder □ Karna Luke, banker

"We only receive fees agreed to by clients, so they can be confident that we act only in their best interests."

"We do not manufacture investment products, our advisers are not incentivised to sell particular products or trade on clients' portfolios, which can create conflicts of interest."

Full article in the Herald or NBR (paywall).