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Another FKA Friday ● 22 December 2023#46

22/12/2023

 
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22 December 2023 #46 868+305 
YES, we take some, from the gift that keeps on giving. Two years on we're getting the final escrow without deductions! That means the sterling team has delivered the full promise of the deal. Awesome, Hugh, Michael, Peter, Nathan & everyone else!
YES, we give some. Transferred funds to Cupla this week, and started raising for Mindhive after the DD is completed.

Some Moxion escrow will put skin in the game with Mindhive.

Few people can talk to a Christmas Cracker like David Downs. NZ Hi-Tech Trust has partnered with the First Foundation. MORE.

Ever wondered how AIM do Shark Tank?

Watch Seven Sharp – Blenheim's very own Shark Tank!

$27 billion up in smoke – that's how much cash the 3,200 startups that failed this year had raised... MORE.

Bad Santa story with Oblivia Coalmine... all in a brief video HERE! Merry Xmas! 

One for your Xmas stockings! Making Zoom calls so much easier. Eye Contact making it look like you look into the camera. LOOK HERE!

Not sure what to get for Xmas? Trust a great name! HERE. As seen in New World.
Also, on LinkedIn and over 2,000 FKA GIFs on GIPHY.

Another FKA Friday ● 15 December 2023#45

15/12/2023

 
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15 December 2023 #45 874+296 

"The best things come to those who wait" was the Heinz slogan of the 80ies. The same goes for the Mindhive DD that will be out next week, says David.

Arash, Dave, Rommie and Frayne are the first 4 Flying Founders group facilitated by angelic Caro. In 2024, Pip will step things up and will match interested founders into 4FF groups. This initiative is not exclusive to FKA but founders should have done a first angel round. More in the new year, have a peek at 4FF.nz  
Spinoff gives some more color, literally, as does Rachel Adams' post "Sad it came to this " and Arch Angel Debra aka Rugbymother has more to say!
Pauli Sosa & Paul Spence compile the techstars_ Startup Digest for NZ every week. The world is sad to see them break that habit over the summer break. But they will be back in 2024, so make sure you're subscribed!

What a year they have had and how much they have achieved over the years. See it HERE or see this video if you prefer. Very well done Darsele & team!

Hmm, Jackson is a name in filmmaking. Matthew wrote up and video edited a great summary of last week's EEE event. Look HERE! Look no further!
Sadly, mostly about war and then tech a bit. Worth a watch!
"The service or product may not work. If it does work, it may not be economical. If it is economical, the team may not be able to sell it. If the team can sell it, they may not be able to outclass competitors. These risks and others were identifiable when we became shareholders in Supie." says Robbie Paul.

With 26%, IHV was the largest shareholder after the founder (17%) when this very capital intensive business collapsed.

Also, on LinkedIn and over 2,000 FKA GIFs on GIPHY.

Another FKA Friday ● 8 December 2023#44

8/12/2023

 
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8 December 2023 #44 820+295 

Auckland may have most of the angel investors in NZ but the Stairway To Heaven is clearly in Christchurch! Quoting a Taylor, not by profession but name "...this it is an amazing example that the A from Arts should be part of STEM in schools. STEM to STEAM. Congratulations St Andrews - this is stunning."

Lively discussion last night! Deep insight from Kara's Arash: NZ visa policy is blocking smart talent from coming here. Paul Callaghan's "New Zealand as a place talent wants to live" is no longer!


Also yesterday, Auditor-General flays Callaghan. Shocking! But then it was only in 2020 that we had the long running Dellabacle. Good on Debra for sticking her neck out and sticking up for those whose reputations were unjustly tarnished #StandWithManaaki. Sir Paul Callaghan must be spinning in his grave!
Anything investors can learn from sheep? Charlie Munger of Berkshire Hathaway.

This is how according the Carta investor appetite outside of AI has changed from 2021 to 2023. SaaS stable, Hardware has gained, Fintech has dropped.

I’ve seen a fair few founders this past year who think that their pre revenue company is worth around £4 million. And they are trying to raise £500k on that pre-money valuation. Interesting discussion!

In the parlance of investors there is an oft-expressed and colorful turn-of-phrase, namely, "hair on the deal", that immediately signals the kiss of death for a company's investment prospects. More about hair!

Much as angel investors lament hair on a deal many would love hair on the head. □

You want to critizise NZ? Look over the ditch! Australia does not have an Innovation problem it has a commercialisation problem. Our governments have spent $billions on running encouragement programs throwing public money at anyone with an idea...

Tongue in cheek from investors who stand for women... Interesting comments!

Cool Runnings! Erika and Will

Also, on LinkedIn and over 2,000 FKA GIFs on GIPHY.

Another FKA Friday ● 1 December 2023#43

1/12/2023

 
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1 December 2023 #43 820+293 
So far $155k and 2 totally new investors. If you're not investing, help the investors. Grab your partner by the hand and become a customer! 
IlLoominating story!  Seed 1: 64x - Seed 2: 25x - Series A: 12.5x - Series B: 4.5x - Series B+: 2.3x - Series C: 1.0x
Some interesting background from the newsroom on the Supie saga.
VCs no longer brag about the mountains of money raised. They now turn to educational content, here two pieces on founder equity. ONE + TWO

SEE @ GridAKL! Next Thursday, 1 academic, 1 angel, 1 founder, +1 more.

Mikko, Fintech Entrepreneur and Edmund Hillary Fellow, pitched his micro credit project yesterday at ADI. Interesting! Find out more next Tuesday. MORE...

Great turnout at our Angel Dinner last night. Delicious food and interesting company! Thank you, Frayne, for the AI rendition. Very different from the real thing but good likeness of several Frayne lookalikes on the left. 
Also, on LinkedIn and over 2,000 FKA GIFs on GIPHY.
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