Another FKA Friday

Flying Kiwi Angels, like a machine!

Tue 17:00 ? Shaz on NZ and World Economy, @ PwC AKL
Wed 4-6PM ADI.Clinic Takapuna, ADI whip Rudi Bublitz
Thu 4-6PM ADI.Clinic Auckland, ADI whip Rudi Bublitz

Germans don't get excited much. But if people like FKAngel Ralf who is also first investor in and chair of StretchSense FP#01 do get excited then most others listen up.
Ralf is the keen champion for Palace who pitched on Tuesday and will go to the FKA DD vote of the 32 LPs this weekend. ☞ Here their pitch video

Callaghan 20% R&D funding More in the flyer. Lauder at KPMG knows all and is already helping StretchSense. GO Lauder!

LOL Apologies for last week's typo. Lauder Launder.

A frantic period is coming to close. Over the last three months, we have helped our portfolio companies to raise about $10,000,000. Thank you to everyone who did their bit to make this happen, in particular, our sterling investor reps:
2x Charlie James, Ian Clarke, James Howseason, 2x Rudi Bublitz, Tim Warren.

Uproar FKP#09 has raised $500k more or less to take their new monetisation model forward.

Wherewolf FKP#12 has also raised $500k more or less and will now scale up with no regard to the moon calendar.

Counting the syndication money for Moxion FKP#10. $360k FKA, $220k Enterprise Angels, $200k SCIF, $90k Brisbane Angels, 2x $80k AngelHQ + Manawatu Investment Group. Balance from staff and chair's syndicate.

According to this proud LinkedIn post by Brian the CEO of NexTransfer FKP#11, it appears that the funds of $1,000,000 were neither transferred in a suitcase nor electronically but by good ol' cheque.
2 4 1 - Transfercar & Transfervan.

Fuel 50 FKP#05 has secured US$2m from US VCs Rincon and Bonfire and rejected the offer from local Movac due to much less attractive terms. The concurrent US$500k is oversubscribed. Post round the US VCs will hold just about 7%.

Techion FKP#08 has secured a Series A with $3m from Q uayside and K1W1. A concurrent rights issue is well under way. Enterprise Angels brought this one and syndicated it with FKA. FKAngels Ian Clark and John Newton are on the board.

Aisleworx FKP#03 has US investors funding the Aisleworx US Media subsidiary with US$1.1m in hard and US$850k in soft commitments at a premoney of US$11.8m. ANZ investors can participate via NZ Holding, $60k since yesterday.

We have two avid cyclists peddling as directors for our portfolio companies NexTransfer and Fuel 50. FKAngel James Hoseason (NexTransfer) is coming from behind chasing Ross Buckley, KPMG (Fuel 50) for the earlier and bigger exit. Zack is running the book and will take your bets.

The founder team from Sharesies, one of the standout Kiwibank Fintech Accelerator graduates, visited Wellington ADI.Clinic in early August. FKAngels Heath and Phil dig them, and Tim and Rudi caught up with them on Tuesday just before pitch night. Heath reckons they are a hot suspect for our September pitch night

Phil Southward, grandson of Len, true to the Readhead spirit retains a love for fast bikes and cars. A keen hang glider, he is the FKAngel with the largest wingspan except for Seaplane Chris. He lives in Munich and calls his wife lovingly SAUERKRAUT. A lucky bastard as an early Xero investor, and keen as mustard attending ADI.Clinic video calls at 5 am from Germany, smart money.

Smart money? Sure! But he seems to have gotten the wrong end of the stick with the Chief Cat Herder's drive for more gender diversity.

Our FKApprentice Zack has been busily working away to simplify the recording of all FKA Nominee holdings. Studies and a trip to Bangkok as a rep for Waikato University got in the way a bit but he is now more than happy to have the Chief Cat Herder off his back. THANKS ZACK!

We're finalising 2017 tax accounts with KPMG and will include the new look FKA Nominees holding report.

We're getting smarter
We have now expanded the use of Timely to soft manage the participation of our angelic mentors. In essence, this is to avoid either too many showing up or none other than the convener. Interesting to see the sluggish adoption from a group of people that pride themselves on being tech investors

ADI.Clinic this week in Auckland only. We had one proposition to AI-disrupt the legal profession. We suggested lawyers come along to this session but none showed. Too busy, Or scared?

Newsletter ➢ ᴀFKAғ•2017#28

18/8/2017

Another FKA Friday

18 August 2017 AFKAF・2017#28

Remember party with Kami, today 18:00 at L1, 214 K-Rd, AKL.

Tue 18:30 □ Pitch Night #033, KPMG, 18 Viaduct Harbour Ave, AKL
Wed 18:00 ☠️ 30 Aussie VCs, Icehouse, AKL, register
Thu 4-6PM ADI.Clinic Auckland, convener Rudi Bublitz

Pitch Night #033 ◇ Tue 23 May, 18:30 @ KPMG, 18 Viaduct Ave, AKL
Rudi reckons Ralf is bringing a very exciting company that is even more outside what we normally see than NexTransfer. But then Ralf has a nose like no other putting his nose into StretchSense before all others.

Masha Semenova from Glaister Ennor offered to have the case escorted by Russian Mafia. However, in the end, the funds were transferred electronically.

Bill Grierson from Melbourne Angels is an untethered repeat offender, in other words, repeat FKA co-investor. Recently, Rudi emailed BA: "If you have any others like smart Bill... [interested in Moxion FPC#12]" Bill (cc'd) piped up: "Not smarter... just slightly more intrepid in investment appetite perhaps, and also ʟᴇss ᴛᴇᴛʜᴇʀᴇᴅ ᴛᴏ ʀᴇᴀʟɪᴛʏ."

A healthy measure of self-decapitating, in other words, self-deprecating humour.

Companies with $300k+ R&D per annum may qualify for 20% Callaghan funding for 3-5 years. More in the flyer. Lauder at KPMG knows all and is already helping StretchSense. GO Launder!

CCH @ FKA to CEO @ NZVIF: "We don't strive for FKA to take the biggest slice of NZFIV co-investment but rather for FKA to stand for the highest returning slice in the NZVIF portfolio."

Mike Hanna, NZTE by day and FKA by night, is joining the cat herding ring showing his talent with 30 VCs from OZ. On Wednesday after the FKA pitch night on Tuesday, Ian Gardiner from cloud partners AWS will run this interesting panel in AKL. Free to attend, free food and drink, feel free to register ☞ here.

2017 Angel Summit focuses on the next 10 years. ☞ more

Our Chief Cat Herder feels another job title coming on, LinkedIn Lead Ninja like Kerry Topp from Datacom. The above illustrates the increasing levels of engagement that FKA achieves. Not bad for a group of 50 angels with only 50% of them showing FKA as a position on LinkedIn and with 675 or 13x followers. Datacom has 5,000 current staff and 34,150 or not quite 7x followers.
Little know fact: The two LLNs caught up last night and it turns out both do their best LinkedIn posts or BLPs from bed □

The above Wherewolf post is FKA's most popular post yet, heading for 11,000 impressions with 57 likes and 7 comments. Ben Calder's "It's been an absolute pleasure working with you guys from day 1! There is a good reason we came back. With or without your $$ investment it was clear you wanted us to succeed." Unprompted but showing the quiet impact of Charlie James and the rest of FKA.
With the above croc post, nearly 7,000 impressions and 15 likes, FKA has probably given this great NZTE/AWS initiative more exposure than anyone else.

The hustle post was very successful if a little out of character for KPMG. The LoJo newsletter piece may not be right for LinkedIn, so what to do for our other sponsors?

ADI.Clinic this week in Takapuna and Auckland, each had three founders.We also had virgin mentor Paul Norrie attend for the first time and confuse Tim Gelston and Karl von Randow who mistook him for their first mentee.

A snippet from last week's ADI.Clinic
Katheren asked last week: "What do you hope to take away from this session." Founder: "$200k? Maybe that is too big for you?" Says Rudi: "Not necessarily, we just raised two lots of $1,000,000 for two different startups."

Read the latest news from Flying Kiwi Angels, New Zealand's foremost active angel group. Where the angels are serious about helping startups and serious about having fun. Where diversity is welcome to achieve better outcomes.

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Another FKA Friday

18 August 2017 AFKAF・2017#28a Correction

Tue 18:30 □ Pitch Night #033, KPMG, 18 Viaduct Harbour Ave, AKL
Wed 18:00 ☠️ 30 Aussie VCs, Icehouse, AKL, register
Thu 4-6PM ADI.Clinic Auckland, convener Rudi Bublitz

They say, Germans suffer a natural compulsion from their DNA that sees them instantly correcting any mistake they spot. Oh and they do spot them. Karl von Randow has not only a name that betrays his noble Teutonic descent he also excels over other Germans, in particular, Rudi, in all matters of grammar, spelling and factuality.
It is not surprising, therefore that he is the first vigilant FKAngel to point out the incorrect date that was given for next week's pitch night. Thank you, KARL!
It should, of course, be Tue 22 August!
Our May pitch night of the 23rd has long since passed.

Pitch Night #033 ◇ Tue 22 Aug, 18:30 @ KPMG, 18 Viaduct Ave, AKL
Rudi reckons Ralf is bringing a very exciting company that is even more outside what we normally see than NexTransfer. But then Ralf has a nose like no other putting his nose into StretchSense before all others.

Newsletter ➢ ᴀFKAғ•2017#27

11/8/2017

Another FKA Friday

11 August 2017 AFKAF・2017#27