Blog Posts

Newsletter ➢ ᴀFKAғ•2020#40

13/11/2020


	13 November 2020 #40	762 ʀᴇᴀᴅᴇʀs

Last pitch night of the year! WED (NOT TUE) 18 November, 18:30.

Hosted by KPMG, 18 Viaduct Harbour Ave, Wynyard Quarter.

If you are no Angel ask an Angel to bring you as a guest

We have reasons to perform a sabrage or two ?

Will Potentia Julian & KPMG James top our past sabrages?

Two startups from the FKA stable, Kami and Chatterize made it into the HolonIQ Australia & New Zealand EdTech 50. That is also 100% of FKA's EdTech companies. Chasing NZ EdTech guru Moskovitz

Watch the 20,000,000 users video! From guess who

Garth, our post-investment manager, sets a fine example and wins the Puawaitanga Award at the 2020 AANZ Angel Summit.

"It recognises the Founder and Investor Director who exemplify what can be achieved when two committed people draw on their collective skills and experience to move forward an 'enterprise company in waiting'."

FileInvite was literally Garth's baptism of fire in the world of angeldom but he is lucky with a founder/CEO like James

Two FKA portfolio companies looking for extra staff - GOOD NEWS!

Hot Lime Labs is looking for a superstar student chemical engineer or chemist. More here.

Moxion is looking for a full stack developer to deal with the influx of work from film studios around the globe. More here.

FORWARD MULTIPLES: This is a preferred metric used to value SaaS companies, who generally carry very few assets, little to no profitability, but all kinds of potential. That number is wildly variable and often bonkers - as of June 2020, the median SaaS valuation multiple for public companies stands at 11.4x ARR. So how is that number calculated? The answer?.....it depends: But a companies revenue growth and sales efficiency dominate the model. Cash flow margins, net income margins (profitability), gross margins, and many other metrics are largely irrelevant.

Unshamed lift from the great newsletter that Jon Davies puts out every week

See that LinkedIn post but also Michael Murphy's top five takeaways from the summit

Where is Wally? Where is Andy? Debra? Garth? Gavin? Heath? Julian? Nawaz? Rudi? More pictures here.

A crowed afternoon, yesterday at ADI Auckland. Not only founders had to wait their turn, with nine angelic mentors they had to take turns too in order not to overcrowd the meeting room. The excitement, especially from Garth, is due to a skincare range for men. Glen took home the pies.

Some interesting propositions, Deal Flow Andy will follow up

We bring you three Parties!

Check out the new coworking space for CreativeTech. What better way than going to the opening party, Wed 2 Dec, 18:00! REGO

Brent, Lachlan and team are celebrating NZ$55m for science and advanced engineering ‘deep-tech’ investments in NZ.

Launch party - Tue 8 December, 16:30 - 19:30. REGO

Note from the editor: Photo sourced from the web.

Thu, Nov 19 · 17:00 It's party time in Wellington! Secure your spot here.

Spot in the pic at least one Trevor Dickinson who has picked more startups to invest in than most.

"The facts and figures show that everything is pretty f@!$ed in regards to our mental health!" Jimi Hunt is touring the country with FREE talks to recalibrate our concept of mental health. The same Jimi who built the longest water slide in the world near Auckland in 2017.

Sadly, many of the attributes that make great founders also mean they are faced with more mental health issues than most. We Angels also have a responsibility to help with this!

Great to see GridAKL, Mum's Garage and Selfstarters come together for this pre-Xmas gift for Kiwi founders and peeps with an idea. They would also appreciate some Angels in the wings (with wings). REGO

Newsletter ➢ ᴀFKAғ•2020#39

6/11/2020


	6 November 2020 #39	760 ʀᴇᴀᴅᴇʀs

Serge van Dam was decorated, well deservedly, with the 2020 Arch Angel Award only minutes after his double act presentation with CoGo founder Ben Gleisner. A business that is gunning for a moonshot!

Newsletter ➢ ᴀFKAғ•2020#38

30/10/2020


	30 October 2020 #38	*759* ʀᴇᴀᴅᴇʀs

US ELECTION NIGHT PARTY

4 November, 15:00 - 21:00, The Empire Tavern Garden Bar, book here. Be there to celebrate the win or loss you wish for! Perfect warmup for the AANZ Summit the following two days!

Straight on from the US Election Party to the BIGGER and BETTER event and party, the NZ 2020 Angel Summit! 5-6 November, The Hunting Lodge, Waimauku. Last tickets available here.

Brough sees Tāmaki Makaurau Auckland as a major production location for the world’s entertainment content... more from the CEO of FKA's portfolio company #19.

The FileInvite shareholder update just out. Ping Garth if you didn't get it. The bi-monthly newsletter from hip-fixers FormusLabs is out, Debra is the investor rep. Also, the newsletter from Hot Lime Labs came out this week, Garry is the investor rep.

Dr Sasha from Well Revolution and Dr Liz from Chnnl #19 were two of the speakers at the 2020 NZHIT Summit.

Fresh off the press this morning. The US angel investing report!

What’s a mistake you tend to see with new teams? Gluttony. Most think they have to go after a big market and solve a big problem, but the magic of doing a startup is to focus on an incredibly narrow problem that has broad applications. As Steve Jobs used to say, it is difficult to throw away features, not to add them. More from Ashmeet Sidana.

The Economist seems to have a strong opinion.
Lead article from yesterday.

Newsletter ➢ ᴀFKAғ•2020#37

23/10/2020


	23 October 2020 #37	762 ʀᴇᴀᴅᴇʀs

Hot Lime Labs first raised money and then awareness! TV1 News

A big THANK YOU to James from KPMG for hosting our October pitch night. A regular at our Thursday's ADI, he has also put up with us last Wednesday.

However, the even bigger THANK YOU has to go to Hamish, Zee wife and the rest of the Winedab crew. They kept us plied with wine and hit everyone's taste bud 100% of the time with their proprietary questionnaire.

Great to help MVP'ing. They might even come for money one day

Pitch #1. Clinton pitched a foundation platform that will be key as the number of drone and UAV operators keeps growing. His team has great domain experience, connections and they know what to do.

Jonathan is the champion □

Pitch #2. Not about money, just an update from portfolio company #10. Hugh and the gang at Moxion are going blockbusters. Their next shareholder update is due out soon.

Rudi is the investor rep

Pitch #3. OMG, seldom have we seen a pitch delivered like a sermon set for world domination. Josh and Jarome from Kwotimation pulled off a compelling double act. The pitch we had to wait for because they had an earlier date with Rob from Hillferance. Well worth the wait!

Julian is the champion

That was our clickbait post for this week's ADI registration. With such hairy mentor memes, we promptly had Michael calling in with his time and money-saving barbering prop.

Check out the video, deal flow Andy has more info.

What: Kami Kamillion Halloween Costume Party
When: 31 October 2020, Saturday, from 7:00 pm onwards
Where: Kami Office, Level 3, 125 St Georges Bay Road, Parnell

FKA Angels PLEASE RSVP HERE

This looks interesting, startups and AML - seems like a contradiction in terms but then startups are all about squaring the circle. More here.

A nice little and unpretentious piece on imposter syndrome by Jimi Hunt. He is with The Love Dept. and Live More Awesome and was the driving force behind the biggest water slide.

HBR podcast series on Women at Work - some interesting stuff!

Martin is not the artist, his wife Barbara is, and more of an angel too. She has an exhibition in Mangawhai if you're passing that way. More here.

Fred Wilson from Union Square Ventures, NY "Most [...] wins have been in companies where we were the first institutional VC to talk to the company or where we had way more conviction about the opportunity than other investors at the time of our investment." BLOG

Our Deal Flow Master Andy wants to focus on point one, our Chief Cat Herder Rudi on point two with a diverse group that has a differentiated investment appetite.

Newsletter ➢ ᴀFKAғ•2020#36

16/10/2020


	16 October 2020 #36	758 ʀᴇᴀᴅᴇʀs

OMG, let's get physical again! After several virtual Q&A sessions that brought value for founders and angels alike, we return to another fix of good old fashioned pitch night.

As usual at KPMG, 18 Viaduct Harbour Ave, AKL with James McGeorge!

Winedab is a fine blend of Tinder and Speed Dating, just for wine. Hamish and Zee will bring perfectly matched wine to Wednesday's pitch night. For the Tinder experience, fill out this online questionnaire or have a speed dating chat with Zee on the night.

NZGCP's Elevate programme has awarded $21m to Blackbird, then $10m to Movac's first close and now $20m to Pacific Channel. NZ Herald

Congrats to all three!

NZTE put on ceosummit.betterbydesign.org.nz, it happened in March. Lots of great videos from 2020 and 2019. Worth a look for a Netflix break.

On the topic of NZTE, Simon Ansley's investment team is well diversified and now seems to double as the goto place for talent among Kiwi VC funds. Cassey has joined Movac, Nadine has joined Punakeike Fund. But then Simon has already hired Laura.

Graeme corrects last week's insert. Dean has put on new gumboots for Finistere. The Factory CEO is now Dave Craig with Stephen McPhail as Investment Manager and Nick Gain as MIG Manager.

Dean Tilyard and his crew at The Factory let 7 of 20 startups through the drafting gate for this year's Innovate where cow dung meets the topsoil.

Turns out a lot of our mentors have 4 letter names: Andy, Emma, Glen, Matt, Pooj, Ralf, Rudi & Todd to name more than 4. The Post...

What: Kami Kamillion Halloween Costume Party
When: 31 October 2020, Saturday, from 7:00 pm onwards
Where: Kami Office, Level 3, 125 St Georges Bay Road, Parnell

FKA Angels PLEASE RSVP HERE

Now, if you're not so much into dress up and you're one of the ADI aids there is an alternative party for you! Dairy Flat, ping Glen!

One way to spot a good analyst is that they use softened, hedging language. For example, not “we conclude” but “we are inspired to wonder.” Read the full HBR article.

Newsletter ➢ ᴀFKAғ•2020#35

9/10/2020


	9 October 2020 #35	760 ʀᴇᴀᴅᴇʀs

Rudi electioneering?➤ Yeah right!

Kami keeps growing!

Another million users!

Just AWESOME!

Ascent passed the smell test and Marisa has the remit from the FKA team to proceed to DD. She is calling angels from other groups to help with the DD work and subsequent syndication. More about the biz--here.

Marisa.Fong@fka.nz

Erick, Glen, Rudi and angel applicant Emma were cooking up a storm as mentors last weekend. The organising team was amazing and mostly from GridAKL. That's the reason why GridAKL is FKA HQ!

Startup Weekend Auckland is just one of the many capacity building events that Campbell and Imche want to make sure FKA Angels support.

Not Emma Peel but Emma Blott is pushing through FKA's Veto Gate this week. Erick, Glen and Rudi have seen her fighting fit, mentoring at Startup Weekend. Maheen has known her for a while. Emma in turn likes how we do things at FKA. So a new Angel to the team!

However, if anyone knows of any reason why Emma should be pushed back, now is the time to speak up and notify the Board in confidence.

Startup Weekend was great, now, pencil Imagine—Tai Tokerau up in Whangarei next month. Find out more from Martin.Knoche@fka.nz who is one of the organisers. Check out the event site.

Campbell & Imche are scheming a bus trip, Andy has trialled a VW California last week already. Martin has some great waterfront cabins and Lawrence a boat... Whangarei could be a lot of fun!

Great online workshop! 16 and 23 November, 09:00 - 11:30. $57.50 or $115 for 3+ from one organisation. Email CCH@fka.nz to combine and conquer that discount! Ask Debra for more info. Maheen recommends it!

Some particular relevance for startup solvency after these recent articles in $NBR and NZ Herald.

Kiwi Alex McNaughten is pitching Justin Michael, US-based best-selling author, sales leader and expert sales technologist. Both give a FREE Zoominar about how tech can lift sales results. BOOK 29 Oct, 10am!

The FKA M-Team is shaping up just fine! Second team call next week. If you want to contribute and shape where we go give our CCH a call

Matthew has been a young regular at ADI.Clinic. Now, he has stepped up to take responsibility for the investor docs at FKA Nominees.

Phew! One less cat-herding task, says Rudi. Thanks, Matthew!

Say hello, iDoc.Sheriff@fka.nz

Dean Tilyard and his crew at The Factory let 7 of 20 startups through the drafting gate for this year's Innovate where cow dung meets the topsoil.

Busy day again at ADI Auckland. Ex-NZVIFler shared a deal with us. A nice surprise from FileInvite James who attended as a mentor, 3 years to the day after his own visit to ADI. Stuff that makes the Dirty Dozen proud!

Today 2 deals found instant champions. Deal Flow Master Andy is mapping a Trello board with the help from Potentia's Julian—some recruiters do more than talk and network

KiwiNet is running a WILD programme with a tame logo. We GIFted a little alligator allure. All about advancing the leadership and governance skills of women with a STEM background. Find out more!

Read about a WILD angel here.

Remember this pitch back in 2017? Mel wanted to take her Magical Park into Chinese shopping malls. We were sceptical. She has done many things since. Magical Park has now landed in the US. Go, Mel!

Time to die cinemas struggle! A brief Espresso Economist read.

If you've missed Paul Adams at our last physical pitch night then this virtual session with Tyler Capson would be a great opportunity to catch up on DD of Intangible Assets. Clamber on here!

<<Previous

Forward>>

Newsletter ➢ ᴀFKAғ•2020#40

13 November 2020 #40

Newsletter ➢ ᴀFKAғ•2020#39

6 November 2020 #39

Newsletter ➢ ᴀFKAғ•2020#38

30 October 2020 #38

US ELECTION NIGHT PARTY

Newsletter ➢ ᴀFKAғ•2020#37

23 October 2020 #37

Jonathan is the champion □

Rudi is the investor rep

Julian is the champion

FKA Angels PLEASE RSVP HERE

Newsletter ➢ ᴀFKAғ•2020#36

16 October 2020 #36

Congrats to all three!

FKA Angels PLEASE RSVP HERE

Newsletter ➢ ᴀFKAғ•2020#35

9 October 2020 #35

Kami keeps growing!

Another million users!

Just AWESOME!

Marisa.Fong@fka.nz

Say hello, iDoc.Sheriff@fka.nz

Categories

Archives