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Newsletter ➢ ᴀFKAғ•2019#33

13/9/2019


	13 September 2019 #33

Different place, different time and different format! At NZTE starting already at 18:00, a great talk to kick it off. Tuesday 17 September 2019.

Find out more & grab your ticket here

Current ticket sales suggest that founders are beating angels to the game. So Angels, flap your wings and even out the numbers! Don't miss out on what promises to be a great night
Great bartender too

Share the invite link tiny.cc/fka-pn1909

Here is the video recording of the session with Marvin Liao. Two LinkedIn posts with this video have stimulated a discussion of NZ Angel practices, practices that deviate from international best practice and risk getting in the way of building a more productive ecosystem.

Post A ◇ Post B

Every year before The AANZ Summit it's time for the survey of Angels.

Give it 10 minutes of your time!

Angel Survey ◇ Founder Survey

This was our ADI crew in Auckland this week. A sprinkle of white wisdom from Garth, legal mojo from LoJo's Josh with the wooing smile, Andy sticking his nose from the right in, to name but a few of the sterling mentors. Great to see how mentors work as a team, no competition of egos here.

David F (also NZVIF), Debra (also KiwiNet) and Rudi attended the MBIE consultation session yesterday for what do with the $300m - more formally referred to as the Venture Capital Fund (CVF).

We have linked the Industry Consultation Document here. You can make an individual submission to influence the implementation of the bill or circle back to Rudi to compile a collective submission from FKA.

No prizes for guessing the names of the three gentlemen that were first at the MBIE lunch trough.

2019 Funding Round All Done

We are pleased to announce the successful close of FileInvite's latest capital funding round. Following a short rolling close during August to accommodate two late investments, the round was hard closed on 3rd of September having successfully achieved our target investment amount of NZ$1M. A total of 636,255 new shares were issued with a total new investment of $1,056,182 made in the company.

We would like to welcome all new shareholders investing under existing nominees Flying Kiwi Angels, Enterprise Angels and Icehouse Ventures, and would also like to welcome to the company new investors from Angel Investors Marlborough (AIM), Angel HQ, Brisbane Angels, Canterbury Angels, Devonport VC LLC, and Manawatu Investment Group (MIG)

Thank you all for your ongoing support and joining us on the journey to be the global leader in document collection. Stay tuned for some exciting times ahead! Your James Sampson

Last week the IPO value was slashed from US$47B to US$20M. This week's news is "Both of its lead financial advisers - JPMorgan Chase & Co. and Goldman Sachs Group Inc. - have concerns about proceeding with an IPO."Bloomberg 2019. What about the cleaners and employee relations? Bloomberg 2017.

Newsletter ➢ ᴀFKAғ•2019#32

6/9/2019


	6 September 2019 #32

Join the 7 Million User Party! There are few perks for Angels but every Kami party is definitely one of them. Don't miss it!

Saturday 7 September, 18:00 @ Kami HQ, 214 K Rd, AKL. RSVP

We'll have the Tim Talk at our 17 September pitch night. It was the top-rated talk next to the keynote from Marvin Liao at Callaghan's #SouthernSaaS19. Here the NBR extract and the LinkedIn reactions.

Steve our investor rep for Datagate has scheduled the following shareholder updates. Mark will give a briefing via video call and call for money. Remember new money is always welcome!

Fri 13 Sep 12:30	FKA members
Tue 17 Sep 12:00	All Datagate investors
Wed 18 Sep12:00	All Datagate investors

Thursday afternoon 17 October, see the full details here.

Email Hattaf.Ansary@fka.nz to secure your spot! The two boats are filling up fast.

The same hipster that was advertising soap so brilliantly the other week brings you sunglasses with a twist this week. Here's the ad, here's the test. Startups, think smart about your advertising!

Normally we advocate focus for startups and would say single purpose beats multipurpose but not so with "The Hook".

After Renée Zellweger's Indecent Proposal here comes another Netflix flick that reverses gender stereotypes, French style.

We had a visit from Royalty at ADI Auckland this week - Frank Simon, the former chairman of the notorious and prestigious Caos Computer Club. He is a cat herder of a different kind, the co-founder of a cattery on the Kapiti Coast. He is keen to help with ADI Wellington and hook up with Palmy Angels.

Last week we questioned the WeWork valuation and business model. This week they have slashed their IPO valuation from US$47B to US$20B.

So, IPO valuation is as much an art as it is for startups?

MYOB's Head Start - Pitch Night RSVP

Wed, 25 September 2019 1800-2100

Froth Technologies growing Aotearoa’s first commercially available beer yeast. Getaflex providing flexible work for all professionals. Spout Alternatives eliminating plastic milk bottle waste in cafes by providing a milk on tap solution. Smile Initiative tackling mental health in the workplace. Stay Native sharing authentic indigenous experiences in Aotearoa with travellers from all over the world.

Not Nek Minnit but a day later... RSVP

In this video, James is not dealing with a scam artist but rather with a misdirected email from a pool builder. Very funny if you're not a pool builder.

Ponder this: In kindy boys dig dinosaurs and girls love pink unicorns. Later in life, many men chase unicorns.