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: Events, News

Professional Development Workshops

The Angel Association is pleased to be hosting the first series of Professional Development Workshops for 2020 to be held around the country. The first series to be held in April will focus on Effective Capital Strategy Management and will focus on the following core aspects:

Portfolio Management
•    how many ventures
•    holding periods
•    engagement levels
•    returns

 Capital Strategy Management
•    understanding your capital requirements to get to liquidity
•    sources of capital
•    venture metrics
•    managing dilution

Exit Planning
•    strategic versus financial acquirers
•    landing the valuation
•    managing the process
•    divvying up the proceeds

These sessions are all designed to be highly interactive and to bring together investors to share experiences and build on the NZ Inc way of collaborating and connecting to help build scale and impact across our investments.

The events will run from 9:30am until 3pm and will include tea and coffee on arrival as well as a light lunch. The dates and cities for the workshops are:

20 April – Auckland

21 April – Tauranga

22 April – Wellington

23 April – Christchurch

Please click on the city you wish to attend the workshop on above to register. The cost for the event is $100.

Filed under: Events, 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

Startup Weekend Christchurch

Dates: 22nd-24th of May
Venue: EPIC, 100 Manchester Street

About Techstars Startup Weekend: Techstars Startup Weekends are 54-hour events designed to provide superior experiential education for technical and non-technical entrepreneurs. Beginning with Friday night pitches and continuing through brainstorming, business plan development, and basic prototype creation, Techstars Startup Weekends culminate in Sunday night demos and presentations. ParticipanContinue reading

Filed under: Events

December Update

Meri Kirihimete,

We’ve Had a Very Good Year

Since our inception in 2015 Canterbury Angels has been steadily building its capability and presence in the start-up ecosystem and in the early stage company investment market. Based on this good work, 2019 may well be a tipping point for CA as we have seen significant increases in activity across the board.

  • membership is up 19%
  • the number of active investors has increased
  • CA members have invested $845k in 9 deals
  • attendance at pitching events has been consistently strong
  • the number and quality of companies pitching has increased.
  • our profile and following on social media channels has increased.

Our best year by some distance.

2020 and Beyond

To continue our momentum next year we will be focused on

  • growing and diversifying our membership together with the number of active investors.
  • founder education – its critical we support founders so they can be effective leaders and manage their businesses effectively
  • investor education to make sure our members have an understanding of the dynamics of Angel investing and how they can support founders to be more successful
  • working closely alongside the other South Island Angel groups to advance the growth of Angel investing throughout the Mainland.

Thank you for supporting CA throughout the year. We welcome your continued involvement and support.  Also a big thanks to the CA Board for giving up their time to help grow and develop CA. A special mention goes to Gabby our Operations Manager for her work and Shane our Treasurer who has been very busy with our deal flow this year.

CA wishes you an enjoyable and safe Christmas and New Year with your family and friends.

Ngā mihi

Paul Claridge
CA Chair

Interesting Stuff

  • AANZ 2019 Annual Summit – Check out the latest newsletter for access to all the presentations at the summit – A good summertime read.
  • Why we should ask companies for a one page executive summary– a thoughtful piece on why and how founders should develop a compelling executive summary for themselves and investors.

CA Investment Activity

Recent Investments 

EVNEX have closed their Convertible Note round having raised $500k. CA members committed $260k to this deal.

Winely  CA members have committed $50k towards Winely’s
round.which closes this week.


Tapi CA members have committed $60k to Tapi’s round which closes this week.

What’s coming up?

Save the date for Thursday 20th February, 5:30pm. More details will follow in the new year.

Who should be there ?

  • Startups that will be seeking investment new 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: Uncategorized

Pitch & Pizza – February

 

Great Information, Great Fun, Free Pizza
Thursday 20th February 5:30pm – Venue TBC

This is a great event for startups who are looking for investment during the next six months.

The format will be three or four pitches with a relaxed “dragons den” feel, we’ll have a panel from the Canterbury innovation ecosystem, followed by a Q&A on what is an investible pitch.

Who should be there ?

  • Startups that will be seeking investment
  • 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.

Filed under: News

Canterbury Angels November Update

Kia ora,

AANZ Annual Summit – it was great to see the Summit held in Christchurch for the first time earlier this month. Suse Reynolds and her team did an excellent job delivering an interesting and varied programme of keynotes and panels covering a wide range of topics. It’s very encouraging to see that the Angel movement is growing strong with record numbers of Angels, chapters, level of investment and deals. If you haven’t attended an Angel Summit I highly recommend you do.

All you need to know about Angel Investing  – we have the highly respected and experienced Angel Investor Ken Erskine doing another half day workshop on 28th November. During the workshop Ken takes you through all aspects of angel investing from how to build a portfolio, what you should look for, understanding the jargon, the good the bad and the ugly and how to plan for success. We get great feedback from those who attend Ken’s workshops (see below for more details)

Ngā mihi

Paul Claridge
CA Chair

Interesting Stuff

CA Investment Activity

Recent Investments

Evnex  CA members have committed $265k towards Evnex’s $500k round which is on track to be fully subscribed.


Winely 
 CA members have committed $40k towards Winely’s $150k round.

What’s coming up?

Angel 101 – with Ken Erskine

When: Thursday 28th November
Venue: TBC
Time: 12:30pm – 4pm (Lunch provided)
Click here to register

Understanding your motivation for becoming an angel investor and having an appreciation for the risk profile and mechanics of angel investment is all covered in this succinct ‘awareness raising’ course.

The workshop will be run be 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.

The course will cover:

  • The rewards and challenges of being an angel.
  • The legal requirements around eligibility and if you decide to become an investor director.
  • The importance of building a portfolio and how to go about this.
  • The importance of being involved.
  • The role of exits.
  • Where and how to access support.

 

CA are proudly supported by:

Filed under: News

November Investor Evening

November Investor Evening

Thursday 21st November –  5:30pm
Venue: Deloitte – Level 4, 151 Cambridge Terrace

Get your ticket now for Thursday 21st and come along to our last event of 2019. Canterbury Angels event sponsor Deloitte have kindly offered to host us.

Our confirmed line up is:

Tapi is your personal assistant. With Tapi on your side, any maintenance issue is an opportunity to connect with your landlords and tenants. Tapi turns a traditionally stressful property maintenance process into a simple experience that brings you closer to your network and helps you grow your business.

100Rails is a New Zealand based software development company that builds cloud hosted SaaS products. Scaflog.com, a management tool for scaffolding businesses, is the company’s main product which is now in growth mode and has paying customers in NZ, Australia and the UK. The scaffolding industry was struggling to keep up with technology and compliance requirements, so a customised system was designed to fill the growing markets need.

MYOVOLT is therapeutic massage that you wear. MYOVOLT is a clinically validated consumer product for the sports and fitness market delivering Vibration Therapy in a unique, wearable design that is easy to use on any part of the body. MYOVOLT stimulates muscles and gives the following physiological benefits; faster recovery after exercise, increased flexibility & range of motion, increased circulation and muscle soreness relief.

NuPoint’s innovative system collaborates mapping, live tracking, job scheduling, data capturing and analytical reporting which increases visibility, productivity and profitability to your operation.

Filed under: News