Newsletter ➢ ᴀFKAғ•2017#38

27/10/2017

Another FKA Friday

27 October 2017 AFKAF・2017#38

Scary! Somebody practising dance moves for Kami's Halloween Party?
Bᴇ Tʜᴇʀᴇ 7pm L1, 214 K-Rd, AKL

Wed 10:30		AANZ Council, ASX (CCH attending)
10:30		EY Accelerating Growth Forum, AKL
12:00		Angel 101 Course, AKL
13:30		Valuations Workshop, AKL
16:30		Tech Shed 17, AKL
Thu 16:00		ADI.CLINC Auckland
Thu Day 1	⛰	AANZ Summit 2017, Waiheke
Fri Day 2	⛰	AANZ Summit 2017, Waiheke
		Coming Soon
16 Nov		Mahuki Showcase, WLG, ☞ RSVP

fileinvite.com CEO James gave a dynamic pitch on Tuesday night and the FKA DD Vote is underway. Not hard to see why FKAngel duo Garth and Phil like it.

Matt from DebtorDaddy FPC#06 come up from the South Island to give us a candid update. After Xero expanded into his space he had to adjust the business model. He has raised service and price levels and now offers a special product for accountants. This has consolidated his revenue and he focused to reach break even over the remaining runway, to about the middle of next year.

Salesman extraordinaire and FKAngel Tim Gelston reckons he has some tricks up his sleeve and is following up with Matt. Also, Matt Gin from KPMG is following up with their Xero team to see how they could leverage DebtorDaddy for added value for SME customers.

Please ping Matt@DebtorDaddy.com directly if you know any companies or accountants that are contending with outstanding debtors in excess of benchmark levels.

Kami FPC#02 has good reason to dance. They have just reported their first cash flow positive quarter with all metrics trending in the right direction. The timing of their Halloween party tonight was clearly well planned. If you want to see chair and CRO Bob Drummond swap his moon suit for a pumpkin helmet Bᴇ Tʜᴇʀᴇ Tᴏɴɪɢʜᴛ!

Hi5 to Uli. He has seen a gap in our processes and is stepping in to do something about. He wants to improve our conversion rates.
① bring more traffic to ADI.Clinic, ② hook up founders with promise to mentors, and ③ find champions for investment-ready startups.

Forthwith his colour shall be purple and his title DFM for Deal Flow Master.

Conversations of a Gobot
With the visitors of fka.nz

G: what do you look for? V: god

G: where did hear about us?
V: Sorry, I have seen this before. Who am I talking to? Someone from FKA or HLL? Or, is this inquiry something really weird...??

TWO LinkedIn posts, just click on the image to read more. Pls LIKE or COMMENT.

The graduates of the Mahuki Accelerator will showcase the culmination of four months of hard work. A 3-course meal will be served. ☞ RSVP + optionally meet the 8 teams close up, beforehand 4-6pm.

Some really interesting economic stats about Auckland. Download ☞ here.

No punters came to Takapuna this week, but we had 4 sessions in Auckland. One of them a driven woman founder cum husband how have from own funds build a property auction platform, another with a vision impaired visual artist who has developed leading edge tech to convert photographs into high definition 3D assets.
Uli, that sounds like two jobs for our DFM!

Hamilton has already got the first 2 bookings for their ADI.Clinic on Monday 13 November. Competition for Auckland?

Newsletter ➢ ᴀFKAғ•2017#37

20/10/2017

Another FKA Friday

20 October 2017 AFKAF・2017#37

Tue 18:30		FKA Pitch Night #035, KPMPG, 18 Viaduct Ave, AKL ① Pɪᴛᴄʜ fileinvite.com + ② Uᴘᴅᴀᴛᴇ DebtorDaddy FPC#06
Wed 16:00		ADI.CLINC Takapuna
Thu 16:00		ADI.CLINC Auckland
Fri 19:00		KAMI Halloween & 4MU Party, AKL, email Alliv@kamiHQ.com
		Coming Soon
1 Nov		Tech Shed 17, AKL
		Angel 101 Course, AKL
		Valuations Workshop, AKL
		EY Accelerating Growth Forum, AKL
2/3 Nov	⛰	AANZ Summit 2017, Waiheke

Vlatko Materić

One happy founder and CEO! He needed 17 YES votes from 32 LPs in LP2. He got 20 YES out of 28 votes cast. So, let's give a warm welcome to Vlatko who will work closely with investor rep Garry to now close the round. There is a lot of interest that was waiting on our DD Report. However, Vlatko wants to take all money, knowing now how long a process fundraising can be. Thanks also to Andrew Turnbull, he helped already in the early days with the setup of FKA, and has now referred HLL and helped throughout the DD process.
Ping Garry.Bluett@fka.nz an email if you are interested to co-invest and want to see a copy of the full FKA DD Report.

Garth and Phil are champions for James Sampson from fileinvite.com who will pitch later this month. Good idea to prep for this one and trial the product for free. Thank you to straight shooter Lance Wiggs, he is a fan and sent James our way.

Thursday's NZ Innovations Award 2017 was a great night but had fewer FKAngels than Monday's Octoberfest. Finalists Wherewolf FPC#12 and Kami FPC#02 were represented in good numbers. Rudi attended for FKA and Moxion FPC#10 and had the honour to collect a Hɪɢʜʟʏ Cᴏᴍᴍᴇɴᴅᴇᴅ in the Dɪsʀᴜᴘᴛɪᴠᴇ & Bʀᴇᴀᴋᴛʜʀᴏᴜɢʜ Iɴɴᴏᴠᴀᴛɪᴏɴ category for the busy Moxion team.

FKAngel Colin picked up two awards for MARS Bioimaging and Avalia Immunotherapies that he is involved with. He also picked up a reprimand from the CCH for not bringing more biotech deals to FKA

The event format was a great improvement on previous years and if interim CEO Craig Cotton has his wicked ways then next year should be even better.

Don't miss this event next year!

David R and Rudi B are representing FKA @ the Summit.
However, there are three great pre-Summit events that leverage the international angels visiting from overseas. FKAngels, don't miss these. ☞ MORE HERE

Alternatively, this all day event for any FKAngels who are interested. ☞ MORE

SIX LinkedIn posts, just click on the image to read more. Pls LIKE or COMMENT.

10 days ago we installed chatbot Gobot to find out how visitors find fka.nz. From some 160 chats over that time we got the above 7 answers. Now, who the hell is that Rudi?

You may have 'observed' a temporary fka.nz domain blackout on Thursday morning. All fixed again after the domain subscription had been renewed.
One cat that slipped through the net

If you missed Monday's party, see the image above to know it was real. We only remembered to take a photo late at night when many had left already. If you attended you know how good it was

Igor Portugal followed the call of The-Good-Idea-Fairy. He drank Horny Goat Weed beer and talked with several FKAngels. He could be our first Russian and more diversity is a good thing for FKA.

Rebecca & Grant had been to ADI.Clinic before and kindly brought their exotic beers, The Herbalist.

LIght days in Wellington and Auckland this week.
GO and check out ADI.Clinic - now with Hamilton.

Newsletter ➢ ᴀFKAғ•2017#36

13/10/2017

Another FKA Friday

13 October 2017 AFKAF・2017#36

Mon 16:00		ADI.CLINC Wellington
Mon 18:30		Be Merry @ Rudi's House + bring your favourite drink
Tue 16:30		ᴇᴄᴇɴᴛʀᴇ Iɴᴠᴇsᴛᴏʀ Uᴘᴅᴀᴛᴇ, email Jackie.Young@fka.nz
Wed 18:00		$100k Challenge Prize Giving , AKL
Thu 16:00		ADI.CLINC Auckland
		Coming Soon
24 Oct		FKA Pitch Night #035, KPMPG, 18 Viaduct Ave, AKL pitch - fileinvite.com, update - DebtorDaddy
27 Oct		KAMI Halloween & 4MU Party, AKL, email Alliv@kamiHQ.com
1 Nov		Tech Shed 17, AKL
2/3 Nov	⛰	AANZ Summit 2017, Waiheke

October is a special month for Germans. Lots of FKAngels are German.
Come to Rudi's House this Monday. All who bring a six-pack are welcome whether they have one or not.

Monday would be a great opportunity for those interested in growing wings to meet different existing FKAngels and have a chat.

Thank you, Garry, for bringing HLL diligence to a close. It has been a long time coming but the result is good and the investment vote is underway. Here the original pitch video to refresh everyone's memory. FKA will share the full DD report with interested co-investors provided the vote is positive, making HLL 13th portfolio company. We need 17 YES out of 32 LP votes.

Below two short videos illustrating the benefit of CO2 for plant growth and the construction of an industrial greenhouse.

Ralf reckons GetPalace.co.nz diligence is drawing to a close. He is hoping to submit the report to Charlie soon to get voting underway before the end of this month.

FKAngel and chair Ralf Muller, IR Chris Sattler, CCH Rudi Bublitz and KPMG auditor Lauder Erasmus attended the AGM in person. CEO Ben shared some interesting stories which kept coming back to a simple metaphor of competing for bananas with a big gorilla in the room. However, StretchSense is no monkey business and expecting a headcount of 150 by the end of 2017.

Bob Drummond liked the Kami team right from the beginning, back in 2012. First as judge of the Spark, now Velocity competition. Then as an ongoing mentor, as chairman since FKA invested in 2014, and now stepping aboard full time as Chief Revenue Office. We hope Bob is not hunting for revenue on the moon

Jackie Young is still drumming up last angels for the ᴇᴄᴇɴᴛʀᴇ Iɴᴠᴇsᴛᴏʀ Uᴘᴅᴀᴛᴇ. She is expecting a great angelic turnout for next Tuesday. The startups that pitch always appreciate the frank FKA feedback. Please RSVP

Two LinkedIn posts, just click on the image to see more, LIKE or COMMENT.

Our chief cat herder has been asked this question many times. Here now, Rudi shares this video of his attempts in the early days when there was only the dirty dozen to content with. Not easy not, impossible!

On LinkedIn, Ⓡudi Nice to hear from you. We have an angel summit here at the beginning of November. Interested? Ⓙaques It sounds tempting, but I'm working on a networking party on a double deck yacht in Tokyo on December 7th if you want to join us :) Ⓡ Tempting too but conflicts with a very busy time in NZ. I'll put it in my newsletter. Have you got a ticket price? Ⓙ It is limited to 120 people and it is free for some select people. For some others, it is part of their membership. For you, it would have been free :) Ⓡ Haha, you know how to tempt people :-) Our event last year was a tad more earthbound.
Suse, we hope you read this. FKA is promoting the AANZ Summit all the way to Japan!

Occasionally, we get stood up. Not nice when we're providing a free service with our ADI.Clinic as this deprives others of taking the slot. It also wastes the time of the mentors although often they take it as a welcome breather between sessions.

Newsletter ➢ ᴀFKAғ•2017#35

6/10/2017

Another FKA Friday

6 October 2017 AFKAF・2017#35

Chatbots have come such a long way. Ask FKAngels Tim and Josh.

Tue 16:00		ADI.CLINC Whangarei
Thu 16:00		ADI.CLINC Auckland
		Coming Soon
12 Oct		StretchSense AGM, email Chris.Sattler@fka.nz
17 Oct		ᴇᴄᴇɴᴛʀᴇ Iɴᴠᴇsᴛᴏʀ Uᴘᴅᴀᴛᴇ, RSVP
18 Oct		$100k Challenge Prize Giving, AKL
27 Oct		KAMI Halloween & 4MU Party, AKL, email Alliv@kamiHQ.com
1 Nov		Tech Shed 17, AKL
2/3 Nov	⛰	AANZ Summit 2017, Waiheke

Only our Charlie aka investment manager and his helpers operate with even bigger magnifying glasses when examining DD reports prior to the FKA investment vote. Garry whilst travelling overseas is addressing all feedback with very patient founder Vlatko. Expect the report soon

A BBC News moment has come to stand for children video-bombing dad's work. During Palace diligence, we had a similar moment, sadly though we have no footage as we don't record our DD sessions. Watch it again
Ask Campbell, Dan, Garth, Jai, Leoni, Ralf or Tim who are on the DD team. Of course, next to fun also good progress is being made.

Four LinkedIn posts of the last week, FKA PFC#12 and PFC#01 with placings in the Deloitte Fast 50 race. Nice one, Ben, Ben and your teams.Then a Vooza video and a survey initiated by BizDojo on the insanity of founderdom. Just click the images to read more or to like it to share with your personal network.

This mass audience activation platform was created and launched in November 2015 by Mount Maunganui brothers Peter and Brendan Howell. DROPIT are seeking US$3.6M, and with total investments nudging the US$3.4M mark. More on AngelEquity.

Jackie Young is drumming up angels for the ᴇᴄᴇɴᴛʀᴇ Iɴᴠᴇsᴛᴏʀ Uᴘᴅᴀᴛᴇ. She is hoping for a good turnout of FKAngels on Tuesday, 17 Oct as the presenting companies always appreciate the frank FKA feedback. Please RSVP

Ben Kepes doesn't mince words in his newsletter.

Mark always manages to snare great international speakers from the Angel Summit. Consequently, his Business Intelligence workshop #5 promises to be a very interesting one.
Rudi was a past panellist and reports that speakers will be in for a treat, a double cheese knife set

Angels and founders, please remember to nominate who you think deserves it. There are three categories and Suse explains.

The difference between the Puawaitanga and the Arch Angel is that the Puawaitanga is as much about the venture as it is about the investor director. It is more of a ‘one-off’ award for a great deal being supported by a super competent, return-oriented, value-adding angel. This award will create ‘role-model’ ventures for other founders looking for angel investment and for those angels aspiring to develop an uber-angel reputation.

The difference between the Arch Angel and the Kotahitanga award is that this is essentially an opportunity to recognise people who may not personally be super active angel investors writing personal cheques. These people may have taken smaller passive shareholdings in a few angel-backed ventures so they do not qualify for the Arch Angel award. But they have been super engaged in the space and supporting the growth of the industry for an extended period of time, leading networks, contributing to professional development, attracting investors, mentoring high growth startups, raising early stage ‘side-car’ funds etc etc

The Arch Angel is someone who is basically both the Puawaitanga and Kotahitanga all rolled into one … an angel and totally immersed in angel investment, building a meaningful portfolio, being on boards, providing thought leadership, promoting the industry etc etc

Please send your nominations to Charlie.James@fka.nz who will coordinate our entries or directly to Suse.Reynolds@AngelAssociation.co.nz.

① Good sessions this week in Auckland unfortunately, Whangarei is not seeing a lot of demand which is disappointing for mentors. But Whangarei ADI Whip Martin will not give up.
② The Mecca Group likes what we're doing with ADI.Clinic and David Gandar has approached us with a view to Mecca members chipping in as mentors.
③ So Julian, our angelic bigamist wed to FKA and Enterprise Angels, is finally getting closer to running an ADI.Clinic in Hamilton, which will be supported by angels from both his marriages.
④ Yesterday's ADI.Clinic had a very interesting video call from Kiwi Reuben Metcalfe in Silicon Valley. He is now building ClassAction.com after awakening from his earlier I Dream of Space venture. In this double session, we learned a lot from this master of the conversion funnel. Uli will follow up.

Newsletter ➢ ᴀFKAғ•2017#38

Another FKA Friday

27 October 2017 AFKAF・2017#38

Newsletter ➢ ᴀFKAғ•2017#37

Another FKA Friday

20 October 2017 AFKAF・2017#37

Vlatko Materić

Newsletter ➢ ᴀFKAғ•2017#36

Another FKA Friday

13 October 2017 AFKAF・2017#36

Newsletter ➢ ᴀFKAғ•2017#35

Another FKA Friday

6 October 2017 AFKAF・2017#35

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