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Newspaper Index 2017 2/2

31/12/2017

 
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2017#45

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Newsletter ➢ ᴀFKAғ•2017#45

15/12/2017

 
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15 December 2017#45

15 December 2017 #45
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Mon 16:00 ADI.Clinic, Wellington @ BizDojo
Wed 16:00 ADI.Clinic, Takapuna @ BizDojo
  Coming Soon
  DD Report for FileInvite â—‡ Garth says next week

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Due to my portfolio’s returns I’m not drinking anymore but I’m not drinking any less either.​</>

© Jᴏʜɴ Há´œsᴛᴏɴism #065    â€‹</>




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Why do we give gifts at all?
We’re all evolved, right? Selfish genes and all that. So how come we’re generous? How come we waste valuable resources on other humans when we could be keeping them all for ourselves? Yet altruism, and gift-giving, exists in thousands of animal species.
In most other species, it’s readily explicable by kin selection (being generous to close relatives who will likely carry our genes) or by reciprocity: males give gifts to females to boost their chance of mating; social creatures are generous to each other to gain favours themselves in future.


But humans are often generous to total strangers, almost certainly unrelated to them and who they may never meet again. Usually it’s explained by saying that it’s an evolutionary hangover from our days of living in far smaller groups.
​

But Professor Martin Nowak of Harvard University suggests that our generosity is still evolutionarily helpful, because it creates a “network” of altruism that will eventually come back to benefit us: “I help you, and eventually somebody else will help me”. "Our analysis shows that gratitude and other positive emotions, which increase the willingness to help others, can evolve in the competitive world of natural selection," says Prof Nowak, leading to "an 'epidemiology of altruism' resulting in an explosive increase of altruistic acts."

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Déjà vu extract from this August 2016 LinkedIn article on Paul Trotter.
After growing up in the mountains of Guatemala (no Dr Ropata jokes please), and the more Mexican parts of Texas (my parents were missionaries) I returned to NZ at 13, completed my schooling in Tauranga, and moved up to the big smoke (Auckland) at 19. After a few years working for various companies, I founded Author-it (www.author-it.com), a software company with the mission to transform the creation of documentation, now focusing in Pharmaceutical documentation. I spent the next 20 years building, growing, and scaling Author-it, and during that time there isn’t much I haven’t done or seen in taking a NZ company global.
Last year, after living in California for the last 6 years, I made the decision to step out of day-to-day operations and come home to New Zealand. I’m now active in the NZ start-up community helping lots of great young entrepreneurs take on the world, and possibly avoid some of the many mistakes I made. I am also very active in governance, being on the board of my own company and several other companies, and believe governance is an area that needs significant changes, especially in the high grow technology-enabled space.
I joined FKA to learn alongside a group of fun and experienced investors. After being a member for a few months, and having participated in a few DD teams, I have decided to invest in LLP2 as I believe it is the best way to participate in the opportunities and leverage the collective resources and experience of the group.
I live in Rothesay Bay with my German partner Helen, who is patiently teaching me German, and the joys of sensible footwear. I also have an ex and four kids, who keep me poor and busy. I’m a Rugby Referee for North Harbour  and coach for junior rugby and basketball.

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Two different trotters.

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🅁 Best way to get talking is via our www.ADI.Clinic. Just book a slot that next suits you.
🅰 Hi Rudi, I have booked in for the 29th at 5:20pm [...]I am skimming here. However, we and other senior figures know realyeti is a world changing model.  I am about to speak with Fairfax investment vehicle Netus given their history with Trademe. We have already met Google in San Fran in March during our Cloud17 Expo. However, we weren't as developed then. I have not produced the typical IM nor run NPV as myself and our CA places nil value on them much like a pre-cashflow valuation. I am interested in meeting high net worth investors who will instantly recognise what we are doing and take the punt.  Six months later. ðŸ…° Lets have a catch up. We are now aiming for hyper-growth through licensing our technology to other global brochure websites. Its not hard to achieve given regional competition. I want to raise $5 million NZD for 30% equity. Let me know when your free. 
​
🅁 Please take a slot at www.ADI.Clinic to have a talk. 
🅰 I reckon the clinic won't cut it Rudi I need to meet with primed prop tech investors, your call as we are going international after Christmas with a UK and OZ launch. Let me know if you can help. The TVC on the homepage tells you enough. REA as we know it is over.
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FKAngels Angela, Dan, James or Josh are first rate, maybe even primed, and they do lots of stuff in the property sector. Could they be our primed prop tech investors?  

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Identify the FKAngel in this picture and one imposter.​
Merry Xmas and see you all again in the new year.
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Newsletter ➢ ᴀFKAғ•2017#44

8/12/2017

 
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8 December 2017 #44
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8 December 2017#44

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Mon 14:00 FKA Startup Video @ BizDojo Takapuna
Angelic Q+A, email RB@fka.nz if you can help make it fun
Tue 10:00 FKA Board Meeting @ 12 Madden St, AKL
Wed 16:00 Dojo Xmas Potluck BBQ  @ BizDojo Parnell
Thu 17:15 Devo Drinks @ Tiny Triumphs aka Sawmill
5 Clarence St, Devonport, AKL
  Coming Soon
Dec 15 Last 2017 Issue #45 of Another FKA Friday
Dec 18 ADI.Wellington @ BizDojo
Dec 20 ADI.Clinic Takapuna @ BizDojo

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"During fundraising entrepreneurs must understand the shackles that come with the shekels.​"

© Jᴏʜɴ Hᴜsᴛᴏɴism #101    ​



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Interesting and precisely what we advise startups. Focus!
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We know it takes seven Minions to change a light bulb. How many graduates does it take to decorate a Xmas tree?


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Sattler Airlines aka Auckland Seaplanes has reported an aerial​ encounter with Santa. The supplied footage was taken shortly before they could land the plane, all passengers, Santa and the reindeers safely on a beach.


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Déjà vu extract from this August 2016 LinkedIn article on Tim Warren.
After paying for my university fees as a professional drummer, I spent my 20s as a software developer with WinGate, a global software phenomenon. Then I switched to financial services to learn more about this equity thing i'd missed out on. Starting in 2005 at Goldman Sachs, I was on board for the wild ride of the GFC before becoming COO for JBWere for 3 years. Since then i've spent a lot of time with startups, both investing and advising, and I fill in my days with other management consulting gigs.

I'm generally known for doing semi-extreme things in my personal time things like bungee, skydiving, marathon running, car racing, dad of twins, motorcycling, cage-fighting and fire-walking, although one of those is not true.

​I've been a Flying Kiwi since almost the beginning and one of the best things I've got from FKA is a great group of friends. I'm on the board and I look forward to our next crop of companies.


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Josh and Tim's Review of 2017
Without all their embellishments at the November Pitch Night #036
February
  • Healiase and Moxion are caught in a race for the last slot in LP1 to be portfolio company #10.
  • Josh Comrie is formally appointed to the FKA Board because he so photogenic and a gifted actor, as can be seen here.
March
  • LP2 partners voted to proceed with DD on Hot Lime Labs, with 12 YES out of 18 votes.
  • The FKApprentice role was created.
  • Potentia IDT Recruitment becomes our first silver sponsor.
  • We welcomed twelve new LPs into LP2, taking the total to 32.
  • Kami hits 3,000,000 users.
April
  • Lowndes Jordan become our second Silver Sponsor.
May
  • Wherewolf gets 93% YES votes, DD proceeds
  • NexTransfer pitches with DD report in hand.
  • Moxion becomes portfolio company #10.
June
  • NexTransfer becomes first investment for LP2 - raises $1m in record time (15 days after pitch night)
July
  • Wherewolf becomes FKA portfolio company #12.
  • Moxion closes at $927.6k raised - Rudi spends 3 weeks on the road pitching with moxion
  • Delta Insurance join the party as third Silver Sponsor.
August
  • Kami FKA PFC#02 win in the under $1,000,000 turnover category (American Chamber of Commerce US export)
  • Fuel 50 FKA PFC#05 secures US$2m from US VCs Rincon and Bonfire, FKA take up all rights.
  • Wherewolf becomes our portfolio company #12 with $622k raised we a have second founder by the name Ben.
  • Uproar FKA PFC#09 raises another $600k.
September
  • Palace passes DD vote.
  • New FKA website goes live.
  • Kami passes 4,000,000 users.
October
  • Deloitte Fast 50 award Wherewolf the Rising Star.
  • Hot Lime Labs becomes FKA PFC#13.
  • Party at CCH's residence, board meeting same place, next day at 10am.
  • Uli is voluntold into the role of Deal Flow Master.
November
  • Julian kicks off ADI.Clinic Hamilton.
  • FileInvite passes DD vote
  • StretchSense secures a option to exit, just 3 years after FKA starts!
  • 50x turns $10k into $500k. In NZ angel circles, unprecedented.
  • Average deal size for FKA in 2017 is $700k.

Newsletter ➢ ᴀFKAғ•2017#43

1/12/2017

 
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1 December 2017 #43
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Flying Kiwi Angels are leading the race for angelic nirvana.

1 December 2017#43


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Mon 16:00 ADI.Clinic, Wanaka @ The Cube
Wed 16:00 ADI.Clinic, Takapuna @ BizDojo
Wed 17:00 AANZ Xmas Drinks
EY, 2 Takutai Square, AKL
Thu 07:30 US Market Entry
KPMG, 18 Viaduct Harbour Ave, AKL
Thu 16:00 ADI.Clinic, Auckland @ GridAKL
  Coming Soon
Dec 15 Last 2017 Issue #45 of Another FKA Friday

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Bragging about an up-round is like bragging about your future grandchildren. </>

© Jᴏʜɴ Há´œsᴛᴏɴism #003     </>



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Here the extract and the full NBR article of 30 November 2017 on HLL FKA's PFC#13. It includes some  some commentary from FKA's CCH.


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Suse Reynolds, AANZ & Andrew Moorby, EY
Location: EY Offices, 2 Takutai Square, Auckland 
Date:  6 December 2017, 5.00pm – 7.30pm
Cost: Free to members and friends of AANZ 👍 
RSVP
With 10+ taking this up from FKA ranks alone this should be great angelic get together. Thank you to Suse and Andrew for putting this together.

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Let's welcome Marisa Fong to the FKA family. Despite a lot of digging no dirt has surfaced on her, not even Lance Wiggs, Founding Director of the Punakaiki Fund could, and he sent his brief best wishes "Marisa Fong is good people btw." 


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Very interesting findings from a new comprehensive survey of US angel investors. Compulsory Xmas reading for angels!
FuLL Report
Infographic

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A controversial cryptocurrency offering by an Auckland teen has been withdrawn, four days after the Herald reported possible misrepresentations in offer documents and the flagging of official concern by the Financial Markets Authority.
A Herald investigation found the offer document made claims that appeared to inflate traffic and economic activity on Sell My Good by up to four orders of magnitude. Instead of 10,000 new listings a day, the site only displayed 17 in the past month.


Full Article

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Read More
Deciding bad: Senior executives are unhappy with the way their companies make decisions.
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