Angel 102 – Digging deeper into angel-ing

Following on from Angel 101, a new workshop has been developed to focus more deeply on the investment activity an angel investor needs to undertake in order to manage their portfolio of investments and opportunities they are presented with regularly and give you some key tools and techniques in order to do this.

The course will cover:

  • Due Diligence – how to conduct DD on the team, assessment tools to use and how to assess what the information is telling you
  • Structuring an investment – planning for follow on investment, syndication and investment runway
  • Key investment terms – spend time focusing on what key terms mean, how they are calculated and what they look like in legal terms
  • Portfolio management – rationalising your portfolio, allocating follow on investment

The workshop will be run by Ken Erskine who has extensive experience as an angel investor both from managing his own broad portfolio and leading the Ice Angels team for six years. Ken has developed and run the AANZ’s Angel 101 workshop across New Zealand, receiving rave reviews for the content and his unique and fun delivery style.

This course will be run online and will be run over the next 3 months. It will be 2 hours long and is tailored to allow for lots of sharing, so that you will not only come away with a deeper understanding of how to invest effectively in high growth startups but also connect with angels from around the country.

Follow the links to register:

Filed under: Events, News

Take Flight – June 4th

New Zealand Trade & Enterprise and Mainland Angel Investors (MAI) would like to invite you to join us for Take Flight, a virtual showcase with pitches from four innovative companies going global from the South.

Take flight is about showcasing great growth businesses in the South. Each company will pitch for five minutes, followed by five minutes of Q&A from the audience.

MAI is an angel investment collective formed by Start Up Dunedin, Start Up Queenstown Lakes and COIN South as a meeting point for start-ups ready to scale and local angels who generously want to give more money to see the south succeed.

For an opportunity to be part of MAI’s inaugural showcase please register here.

Further details, including a link for you to join, will be sent closer to the time.

Filed under: Events, News

Ice House Demo Day – 21st May

Here is your invitation to Ice House’s Virtual Demo Day- 4pm Thursday the 21st of MayRegister here.

While we appreciate the current market conditions do not lend themselves to the same enthusiasm for funding startups that many investors had in previous years. The conditions do not, however, lead to a diminished demand for investment by startups that need (and merit!) capital.

We are making a few adjustments to this year’s format to ensure the startups that do merit capital are well served:

  1. The number of startups will be halved.
  2. Startups will only present if their current rounds have traction and lead investor support.
  3. Presentations will be followed by Q&A sessions to accelerate the evaluation process.

And, finally, we are going to ensure those in attendance are qualified investors that have interest in funding startups irrespective of the current challenges. It’s hard to qualify this – and we appreciate that investors are always “open for business” if a great opportunity comes along – so opt in as you see fit.

While a virtual Demo Day affords us the opportunity to host the masses, please note this invitation is for investors only.

Hope to see you online on the 21st of May.

Filed under: News

Funding for cashflow forecasting & Webinar invitation

In an era where the news is outdated before it is in print, there is much to digest from the almost daily announcements of new forms of Government relief to regulatory reform. To help inform some of these crucial decisions in the coming weeks, we invite you to join in our New Zealand in recovery – planning for business post COVID-19  Tax Watch webinar.

In this webinar we will discuss the latest developments on the Government’s response including:

  • Details on the recent tax reform and key options for administrative relief available from Inland Revenue – and how these can be used to relieve cash flow
  • What transitioning to lower Alert levels will mean for business across New Zealand
  • Pitfalls to watch out for in managing your employment obligations and understanding the wage subsidy scheme
  • Privacy and commercial law considerations for operating in the “new normal”
  • As well as other key developments and opportunities for relief.

If you have any immediate questions, please reach out to matthew.hanley@nz.ey.com

We look forward to welcoming you at our webcast.

Date: Friday, 24 April 2020

Time: 10.00am – 11.00am NZT

Register here.

Filed under: Uncategorized

Legal Support Resources

What a new world we are entering!

One of our members has very kindly given me these free resources to share which might be worth drawing to your attention given the uncertainty we are all facing right now.

Filed under: News

Cash Flow Health guide – Founders

NZTE are running cash flow clinics for companies across their portfolio. See below the Cash Flow Health Check guide for founders for your reference. The purpose of the document is to help founders to understand the cash flow impacts in the current environment, and highlight ways they can mitigate and plan. There have been a number of government support packages announced which help feed into this.

It runs through a series of questions and considerations on current cash position, forward cash expectations, financing and funding and general finance considerations. You can also find references to key government websites which set out the support package and general guidance for this time.

You are very welcome to share this document with anyone/ founder/ company in your network.

Our overall message for founders is:

  • Cash needs to be reserved now.
  • Re-examine demand assumptions that drive your revenue lines (not just your customers but your customer’s customers), and all cost assumptions.
  • Speak to your current funders asap, they may be able to see you through this period of uncertainty.
  • With things changing daily we understand it is hard to be prepared in this situation, however, by being informed of your position you will put yourself in the best place possible to talk to funders/advisors/banks.

At this point, their team is focused on one-on-one support with specific customers. NZTE are considering holding one-to-many cashflow clinics and once this is shaped up we can update you on what is available.

NZTE Cash Flow Health Check 24.3

Filed under: Uncategorized

CA Covid-19 Update

Canterbury Angels remains open for business and will continue to provide all services as per normal. We are now working from home, you shouldn’t see any disruption to the efficiency of CA over the coming months. 

Key Links

Government website for everything you need to know about COVID-19:

Government’s media releases:

Minister’s speech to Parliament

Factsheets:

Support Package:

Information for businesses:

“Flatten the curve”:

Resources for startup companies:

Filed under: Uncategorized

Postponed – March Investor Evening

Unfortunately due to the current circumstances around Covid-19 we have postponed this event until further notice.

However, we think it’s important to keep the wheels moving and to assist early stage companies as much as possible at this time.

To this end, we have asked the four companies to video their pitches by Friday 20 March. We will send our members the videos and the pitch decks early next week and follow up with you to determine your level of interest.

If you any queries, please send an email to our Operations Manager – Gabby Addington.

Filed under: News

Professional Development Workshops

AANZ are hosting their Professional Development course on Wednesday 22nd April 9am – 11:30am.

Each session will feature a shortened presentation from each of the speakers and with Q&A managed through the chat function on zoom via Bridge and Suse.

The topics they are covering include:

  • Portfolio Management
  • Capital Strategy
  • Covid-19 Planning – The Covid-19 session is new, focusing on how to support our companies and founders through these times, as well as key things we need to know as investors.

Please register here

Filed under: News

Happy New Year!

Happy New Year,

I hope you had an enjoyable break with family and friends. As we enter the new decade we’re looking to build on the considerable momentum we generated in 2019 which saw record levels of investment ($845k) and new deals (nine). We will be focused on growing our membership, the number active investors, deal flow and CA’s profile.

We will also be working with the other Angel groups in the South Island to develop more critical mass so we can collectively grow angel investing, increase the skills and expertise of founder and investors and accelerate deal flow.

Best wishes for a successful year.

Ngā mihi

Paul Claridge
CA Chair

Interesting Stuff

Preparing pitches and pitching to Angel Investors is something early stage businesses find challenging and often have difficulty getting their massage across effectively. Some useful thoughts are presented in the articles below

Can you help me with this? Advising on pitch decks

5 Tips for Pitching Your Startup to Investors

CA Investment Activity

Recent Investments 

Tapi – CA members invested $50k

Evnex CA members invested $260k.

Winely CA members investred $50k

What’s coming up?

Save the date for Thursday 20th February, 5:30pm. Thanks to Chris and the team at Vodafone Xone for kindly hosting us.

Who should be there ?

  • Startups that will be seeking investment in the next year.
  • Anyone wanting to get a better understanding of fund raising
  • Investors looking for future investments
  • CA members

It’s great fun so make sure you get a seat and register here to attend, share the news and feel free to bring a friend.

CA are proudly supported by:

Filed under: News