Greetings from Stephen, our angel in London. He found this table on "How 20 big-name US VC firms invest at Series A & B" and reckons it makes interesting reading. It shows total round size and post-money valuation. All at US scale which is diametrically opposed to Trump's hair volume.

See the full table, here.

Angels are only ever as smart filling in forms as those who tasked with the design of the form. We had a good level of response last week but without the name being compulsory, all respondents shall remain nameless.

All of you, keen to party or celebrate a great FKA-Year, please fill in this tweaked form, here. Only, Debra, who has built and conducted more surveys in her market research career than she as grandchildren, has noticed her erring ways.

Steffen is currently doing tech DD on Geo AR Games, still with a full shock of hair at the beginning of his angelic career. Phil brought us Spoke Phone and will share his update with wholesale investors shortly. Rumour has it that he's doubling down.

① FKA is all about syndicating deals, so why not parties? AIM, the angel group from Blenheim and closer to wine heaven than any other, will have its Xmas Do on Fri 23 Nov and FKA has an official $150 pp permission slip to gatecrash the part. There is more to do over the weekend, CCH reckons a wine tasting tour de force in a stretch limo is called for.

② If there is enough support from angels and founders, let's do a special Xmas Pitch Night on Tue 18 Dec, not for $$$ but for FUN. CEOs of our portfolio companies giving an update and telling us "What we didn't tell you during the year". New angels sharing about "What they didn't tell you before joining". All followed by a meal that ex-FKApprentice Helen and hospo governance hero Paul have already volunteered to organise.

☞ Please RSVP here. The more the merrier, partners & FFF welcome. 

No such morbid error happened here. However, when we said last week that James couldn't convince John O'Hara from Ice Angels to syndicate the Ask Nicely seed round that was not entirely congruent with the facts, only the editor's ailing memory.

Whilst there was no joint DD, John did offer FKAngels to participate in the pre-seed notes round, and James was one of the lucky (smart?) angels who took up the offer.

Tue, 18 Sep @ 1830, 18 Viaduct Harbour Ave, Auckland

Everyone is amped to hear Ambit pitch so the pressure is on!

Little known fact, at the IA Showcase the editor caught up with JB from Squirrel who put the Squirrel bot persona on Tinder for a laugh. Haha!

www.Moxion.io is our portfolio company #10 and is disrupting film production in Hollywood and beyond. Great editorial coverage in The Hollywood Reporter on pages 12 and 18 for Moxion. This custom edition is distributed at the Toronto International Film Festival
#FKAngels #KIWIstartups #MakeFKAproud #GoMoxion

Phil is our true Flying Kiwi often helping with DD whilst travelling for his passion. He recently made 2nd place in the Dutch competition and 5th in the British competition. He competes in the shrinking 'rigid wing' class that is being overtaken in popularity by the 'flexi' class. The facetious might liken his success to 95-year-old Olga who is winning medals and setting world records in her class. ☞ BBC footage

Thanks, Tim (Gelston, not Warren), for reminding us of this harsh reality. We all know that most startups fail but looking at the data of 1,100+ startups from seed investment onward puts it all into an even harsher perspective. Only 48% raised a second round of funding, and a mere 15% went on to raise a fourth. And the chances of reaching unicorn status? 

☞ Not great, about 1%.

Big numbers also with the pitches, multimillion rounds at eye-watering valuations. AskNicely, one that got away although we had early engagement. They are now raising US$7-10m on a valuation to be set by the lead investor but expected to be about US$50M. Definitely some great companies in the mix and good on Robbie and team for getting those to the night.

Some early ones too that would unlikely have found a champion among FKAngels, let alone pass the DD Vote. IA's focus and strength are clearly with later stage deals that have rounds which demand the big cheques that such a staged event can generate. The distance between the founders and the investor audience was a perfect proxy for the difference between the IA and FKA style of angel investing.

George digs numbers and will keep track of FKA's investment commitments, match payments and guard the nominee records like a lion with his life.

Some interesting questions. ❐ When is the best time to engage with a potential investor? ❐ What if the first feedback was negative? ❐ Does the investor bring in domain expertise? ❐ What are the alternatives to angel investing? ❐ Do I pass control of my business to investors? ❐ What's the advantage of a co-founder agreement? ❐ When is the right time for a shareholder agreement?

All the above were discussed at our #AskAngelsAnything evening this month with co-moderators Rudi and Rory and generously hosted by Averill Dickson and Julie Fowler at the offices of Simmonds Stewart.

Diarize next month's #AskAngelsAnything, hosted by Jackie.

This week on LinkedIn; Martin reports a very interesting company from Tuesday's Whangarei ADI - Underbelly. We post with an Aussie v Kiwi spin. Noticing precisely 1,000 followers, we make noises about that too. Then some cheeky bugger decides to take us down a notch and unfollows FKA thus producing a 1k followers post with only 999 followers. The world is in order again, this morning we're back up at 1,001.

Other Kiwi angel groups' following on LinkedIn: Angel Association NZ 35, Angel HQ 0, Arc Angels 55, Canterbury Angels 115, Enterprise Angels 280, Ice Angels 1,150

Ice Angels and all the Icehouse funds are expecting big numbers for this year's Showcase, 13 September 2018. Go there and witness a different style of early-stage investing. All the best to Robbie and his team!