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Another FKA Friday ● 27 May 2022#17

27/5/2022


	27 May 2022 #17		819

Sadly, writer's block can befall everyone including angels toiling over a DD Report.

Erotica by the Fire Fri 8 July 18:30 + Dinner. Everyone, angels, founders, or not! Grab tickets to this little play HERE if it tickles your fancy and/or join us for dinner afterwards. Please let us know if you want to join us for dinner HERE.

Thankfully, Arron and his team had no writer's block when they completed the DD Report for Dacreed this week. We will circulate it for syndication next week.

Also, Phil did not suffer from writer's block when we wrote his book "The Soaring Kiwi and the Sauerkraut". But he prefers his DD Reports to be brief!

FileInvite is moving into new bigger offices. That's calling for a party!

See also this NBR article from yesterday about the $7m raise.

The Venture Deals online course demystifies venture capital deals and early-stage financing to give both first-time and experienced entrepreneurs leg up to secure funding. Founders & Angels! This looks good. HERE!

Y Combinator, a Silicon Valley kingmaker, is advising its portfolio founders to “plan for the worst” as startups across the globe scramble to navigate a sharp reversal after a 13-year bull run. Read more!

An interesting look back at the double-dip recession in the early 80s.The economy was weak for three years at the start of the decade. But the latter half of that decade was one of the best economies in modern times. Read more!

Tiger Global, hit by $17B in hedge fund losses, has nearly depleted its latest VC fund. Big gains, big losses! Read more!

Just announced yesterday, the Startup Council and a $250m grant package for startups. More about it HERE. Watch the space!

Startup Dunedin will be showing off all the student ventures emerging from their recent programme.MORE HERE!

AANZ and NZ Private Capital, Wed, 1 June in Auckland.
Professional Development? VC lead gen!? More here!

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

Another FKA Friday ● 20 May 2022#16

20/5/2022


	20 May 2022 #16		816

Why has crypto been so disappointing? READ ON

If angel investing is like playing with fire you could do worse than talking to the water boys at Shearwater. They are co-investors in Fuel50 with FKA. Recent subscribers, they're pouring over this newsletter. Tim and Rudi caught up with them this week as they visited NZ—it was pouring with rain.

Arron and his team have just passed their positive DD report on Dacreed for final review to Charlie. Cornelius is on the Board and, of course, has recused himself from the DD progress. Give the DD report a good read when it comes out! Kami is EdTech, and so is Dacreed.

The Kara team have sent through this speechless video HERE. They have topped $750k in the current round and further discussions should take them past $1m. Wanna know more? Ask Ashley.Smout@fka.nz our investor rep.

Thank you to Katheren for organising dinner this month at Mekong Baby. Great food, drink and company at a table of 14. Full of food and drink several of the angels were grounded the following day.

It was a great opportunity to discuss some background on deals and exits that we normally don't have time or room for during pitch nights. We will climb trees, have food and drink, and talk some more next month.

Anna Kominik is a force of power in the world of wings. The former AsiaPac Director of the Boeing Google joint venture Wisk will take to the skies as Head of Partnerships at OneReg after the completion of the Seed Round. Chris Sattler is leading the DD team which is a collab of FKA and Angel HQ.

Tamsin from NZTE put together a great lineup for InvestHer this Tuesday. Heath and Rudi attended. Ngaio came out smelling of roses as the scent champion for Abel. It was great to see Grater Goods from ChCh again after we met them in June 2021 at ADI. We took away some Faken great vegan meat!

Hello Club has impressive traction in the tough space of club management. Daisy Lab can make milk without cows which sounds worth scaling! Banquer brings financial literacy to school kids. Again Again manages reusable food and drink containers. Cool Points Club is an alternative to carbon offsetting, block-chained.

Crypto Gaming is Broken. How Do We Fix It? Maybe games shouldn't cost $1,000 to play... Read ON

Philippe, a former Deloitte partner came to ADI.Clinic in July 2020 and again this week, all the way from Northland to pick our brains. Great to hear of his progress with TAO and great to see that he values our reflective advice.

Emails not everyone gets! My name is Laura Rollock and I’m the co-founder of IRLY (which stands for I Really Like You). At IRLY, we are going to change the way Gen-Z dates.

Rudi - I noticed you’ve invested early stage and I’m hoping I can provide you with another pre-seed/seed investment opportunity. MORE HERE

AANZ: 25 May 2022, 10:00-11:30 ⚖️ Legal DD Workshop, more HERE.

20 finalists! Who will win? Find out Thur 26 May, 18:00–20:00!
NOW at the Unleash Space, University of Auckland. Register HERE□

StretchSense & Kami in our portfolio first surfaced in the Innovation Challenge.

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

Another FKA Friday ● 13 May 2022#15

13/5/2022


	13 May 2022 #15		813

A unicorn is a spectacular achievement, valuation a milestone to show progress, manage dilution, attract and retain talent, and generate press. But valuation alone is no longer sufficient. It’s time for a new term.

Gorilla □: $1B+ valuation & $100m+ net revenue run rate.
Interesting article and discussion HERE!

No pitch night in May but then we're busy with DD on two deals and there is a lot else on with Techweeek in full swing. However, we'll have drinks and dinner! JOIN US!
Next Tuesday in Ponsonby! More on it from Katheren HERE.

A BIG THANK YOU to Nawaz for helping with FKA's back office and ADI.Clinic in recent years as one of your FKApprentices.□ His interest and work in the crypto space see him now joining GD1 as GP for their Crypto Fund. Go, Nawaz! MORE

In the background is Vignesh from GD1 and, yes! Chintaka from GD1 also has a beard, making GD1, most likely, the NZ VC with more beards than most.

What are NFTs and why would anyone pay tens/hundreds of thousands for a JPEG?

Mon 16 May 18:00–19:00, it's FREE, just book HERE!

The team at Kami knows how to party! Join them for a night of games. Book here!

The CCH has booked. Angels, come out to play! □

Haha, sort of! FKA is leading DD for OneReg's next growth round. OneReg in return is helping MAUI63 which is all about saving dolphins. MBIE PRESS!

We have the summary of companies that participated in the showcase HERE. What a great lineup! Applications are now open for our next cohort. Apply here!

Terry Miller, the founder of Eight360 has more balls than most, also a finalist in the Science & Technology category of the Wellingtonian of the Year awards but he didn't win, Belinda Storey did. Keep doing the good work, Terry!□‍♂️

Chloe Fong presented at our August 2021 pitch night. But This Local Piggy is no longer. It is tough in the shadows of the big supermarkets! More HERE

20 finalists! Who will win? Find out Thur 26 May, 18:00–20:00!
Owen G. Glenn Building, University of Auckland. Register HERE□

StretchSense & Kami in our portfolio first surfaced in the Innovation Challenge.

Right now, recruiting the right talent is the #1 challenge for our portfolio companies. What's good for some of our startups may be good for others too! Check it out!

There is no need to say a “female” CEO. Too right! Read her words!

"Map of a Downturn" - Untangling the complex causal chain that makes good times go bad is an interesting read... HERE!

Abel Odor ● Again Again ● Banqer ● Cool Points Club ● Daisy Lab ● Hello Club
You are missing the above pitches if you didn't book in time! Well done NZTE!

Sell-out! No wonder with poker face Simon Ansley sending out the invites!

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

Another FKA Friday ● 6 May 2022#14

6/5/2022


	6 May 2022 #14		813

Follow up from our April pitch night.?️ These guys are all about fueling the margin and lifting the bottom line. Watch the brief NBR Radar video first, then check out the pitch video.

Andy.Harwood@fka.nz is the champion.

Maggie-Lee Huckabee and Swallowing Technologies received strong support to proceed after our April pitch night, with 12 YES votes from 17 cast. Now, Debra is assembling the DD team, three already. Get in touch if you can help!

Check out these Fireside Chats HERE.

Three founders that Flying Kiwi Angels have helped along the way. ?

Hengjie Wang, CEO + Jordan Thoms, CTO and co-founders of Kami, Ben O’Brien, CEO and founder of StretchSense, and Sarah Webb, COO of LawVu.?

You know things are going in the right direction in a startup when the founder doesn't attend the tradeshow in Las Vegas anymore.? Little known fact, Mark, the CEO was a rockstar in his earlier life.

The latest Young Company Finance data is out. 63% up on 2020. $257.5m NZ startup funding, $88.6m new, and $168.9m follow-on. More here.

The team at Kami knows how to party! Join them for a night of games. Book here!

The CCH has booked. Angels, come out to play! ?

Unfortunately, there are racist and misogynistic investors who can give investors, in general, a bad name. Of course, angel investors are not automatically angels!

Then fund of fund investors can jump on it to emphasise their CSR Corporate Social Responsibility. ? More on this stuff in Stuff!

MOD or Mindset of Design 2022. Good design is an important part of achieving product-market fit. Younger founders and older angels may even qualify for their respective discount categories! ? More HERE!

8 years in 2 seconds! ? Showing how we have invested $16.8m in a snapshot. ? 33 founder teams, many follow-ons, some exits, and some losses. All a good reason to climb up the trees!

We'll bring your more on our 8-year celebration and we hope angels, founders and many others in our network will join us at Tree Adventures

AANZ and NZ Private Capital, Wed, 1 June in Auckland.
Professional Development? VC lead gen!? More here!

Thu, May 19 2022, 09:00 - 19:30, neither hardhats nor softwings required.

FIND OUT MORE

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

Another FKA Friday ● 29 April 2022#13

29/4/2022


	29 April 2022 #13		817

The DD Vote for Swallowing Technologies is now underway. Debra.Hall@fka.nz will assemble a DD Team if there is enough support, talk to her if you can help.

Of course, OneRew DD is off to a flying start. Chris.Sattler@fka.nz, Flying Kiwi Angel and CEO at Auckland Seaplanes is coordinating.

Akhtaar, our Mindful Muslim CEO has gone to Malaysia where the app is showing traction and generating interest from corporates. Also, he has just landed a promo deal for the new book of the Islamic Scholar Mufti Menk. HERE! Menk has been named one of The 500 Most Influential Muslims in 2013, 2014 and 2017.?

Six interesting pitch pointers! YouTube them HERE!

Poison pill or poison apple! Interesting State of Tech report.

Thursday 5th May in Auckland. Panellists include Rudi Bublitz of FKA, Katherine Sandford of UBCO, Nicole Buisson of Open and NZGCP's Board, and Terry Allen of NZTE. BOOK for words, wine and victuals!

Find out what 100 angels investors think about startup exits. HERE!

Health warning Australian Goodx is behind the report and wants to create a secondary market for small business and startup acquisitions.

Why MasterClass Isn’t Really About Mastery. More HERE.

This cohort of 11 covers everything from terpene non-alcoholic drinks, home compostable fruit labels, AI pasture management, and smart harvesters to pine pollen dietary supplements.

REGISTER for this virtual showcase on Thursday, May 5th 15:00-17:30.

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

Another FKA Friday ● 22 April 2022#12

22/4/2022


	22 April 2022 #12		815

We had a sterling pitch night this month. The verdict from many: "One of the strongest line up yet!" A special thank you must go to Charmian Mead from KPMG who was driving all the pitch decks from her laptop.

We already have two pitch videos that we can share below. The other three will follow in our next edition: Margin Fuel | Kindello | Spoke.

Clinton pitched for OneReg's follow-on round. First, watch the explainer and then the pitch video. Also, this week a detailed NBR article and an endorsement in this CAA press release. We're doing DD for this round. Join Chris aka Mr Auckland Seaplanes, Pip and Jonathan if this flies your kite ?

Add dysphagia to your vocabulary! Maggie-Lee Huckabee and Kade Larsen delivered a compelling pitch for Swallowing Technologies. Debra is the champion and this deal will go to our DD Vote to decide if we proceed to DD.

You all know the mother—Debra. Now, her daughter Pip is knocking at the Veto Gate. Pip has already been helping with ADI and DD on Happy Moose. She has talked with Jeff, Maheen and Rudi, all think she'd make a great addition to our team.

However, if anyone knows of any skeletons in her closet and why she should not join, please, email the Board in confidence.

AANZ: 25 May 2022, 10:00-11:30 ⚖️ Legal DD Workshop, more HERE.

"It’s overrated—both financially and emotionally" Not all is gold that glitters! It is always informative to hear an alternative view. Read more HERE.

First time MBA entrepreneurs can do all the wrong things precisely by the book.

If you seek a great humanitarian reason to make a lousy investment medical devices are tough to top.

Never throw good money after money you cannot admit you’ve already lost.

It will be 8 years in May since we formed FKA. A good reason to celebrate! We think that Tree Adventures in Woodhill Forest would be a great place to test our wings. Everyone is welcome but for now, just prepare yourselves mentally.

Debra and Katheren will lead the charge!

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

<<Previous

Another FKA Friday ● 27 May 2022#17

AANZ and NZ Private Capital, Wed, 1 June in Auckland. Professional Development? VC lead gen!? More here!

Another FKA Friday ● 20 May 2022#16

Another FKA Friday ● 13 May 2022#15

Gorilla □: $1B+ valuation & $100m+ net revenue run rate. Interesting article and discussion HERE!

Mon 16 May 18:00–19:00, it's FREE, just book HERE!

The CCH has booked. Angels, come out to play! □

Another FKA Friday ● 6 May 2022#14

Andy.Harwood@fka.nz is the champion.

Check out these Fireside Chats HERE.

Three founders that Flying Kiwi Angels have helped along the way. ?

The CCH has booked. Angels, come out to play! ?

AANZ and NZ Private Capital, Wed, 1 June in Auckland. Professional Development? VC lead gen!? More here!

FIND OUT MORE

Another FKA Friday ● 29 April 2022#13

REGISTER for this virtual showcase on Thursday, May 5th 15:00-17:30.

Another FKA Friday ● 22 April 2022#12

First time MBA entrepreneurs can do all the wrong things precisely by the book.

If you seek a great humanitarian reason to make a lousy investment medical devices are tough to top.

Never throw good money after money you cannot admit you’ve already lost.

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AANZ and NZ Private Capital, Wed, 1 June in Auckland.
Professional Development? VC lead gen!? More here!

Gorilla □: $1B+ valuation & $100m+ net revenue run rate.
Interesting article and discussion HERE!

AANZ and NZ Private Capital, Wed, 1 June in Auckland.
Professional Development? VC lead gen!? More here!