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In an era where the news is outdated before it is in print, there is much to digest from the almost daily announcements of new forms of Government relief to regulatory reform.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.

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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

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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:

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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:

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October Investor Evening

October Investor Evening

Thursday 17th October –  5:30pm
Venue: BNZ Centre
Level 4, 111 Cashel Street
Register here

Get your ticket now for this Thursday and come along to our last official investor evening of 2019 (last Pitch & Pizza is November 21st). Canterbury Angels event sponsor BNZ have kindly offered to host us. We are in the process of recruiting new members so if you know of someone who may be interested please feel free to register them and bring them along as your guest.

See our lineup below
 

Veritide is an innovative company with committed scientists and engineers developing biological detection and identification solutions.

EVNEX are back and raising another round. EVNEX are a New Zealand company designing the future of EV  charging. Their solutions help home and fleet customers charge faster, save money, and reduce their environmental impact.

Astrolab adopts complex technologies across a range of sectors. Working alongside our early-stage partners, we develop robust venture pathways enabling NZ’s ideas to navigate toward success on the world stage.

 
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AANZ Governance Courses

Wondering about early stage governance? 
Do you need a Board, and if so, what sort of board?

This free workshop specifically for start-up founders is for you (but only if you’re a founder!).  If you’re an investor, please consider passing this invitation on to the founders in your life.

A summary of our popular Angel Governance workshop normally run for investors and aspiring directors, this workshop will give you the tools you need to understand what boards do (or are meant to do), and discuss how others navigating the world of early stage company governance.  Plenty of opportunity to ask questions, to bring you up to speed on getting the right governance in place for your early stage company.

Founder event 5th November 9am-11am

It’s governance but not as we know it!

Being a director of an early stage / angel backed company is different, and in many ways more challenging than established company directorships.

As angel investors, we promise founders our money and our time – joining the board is a powerful way to truly contribute to the success of these businesses.

This course is designed specifically for those who want to learn more about the specific challenges and rewards of governance in angel backed companies. We’re looking for more angel investors to step into these board roles –  this course will give you the confidence to step up and become actively engaged in this important role.

This course is run as a facilitated workshop, with experience directors in attendance to share their wisdom and war stories.

Investor Director event 5th November 12:00-5:30pm $350 incl GST

 

 

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Pitch & Pizza – August 15th

Great Information, Great Fun, Free Pizza
Thursday 15th August, 5:30pm at BDO – Level 4, 287/293 Durham Street North, 

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” with 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.

Please note this event has been moved from July 18th to the new date of August 15th.

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Lightning Lab Tourism Demo Day

Date & Venue  

20 August, 5:30pm
James Hay Theatre – 86 Kilmore St, Christchurch Central

Join Lightning Lab as their tourism teams celebrate their Lightning Lab journey

You’ll have the opportunity to hear from the inaugural cohort of Lightning Lab Tourism.

Featuring 10 ventures, you’ll hear how the Tourism 2019 teams have spent three months working on projects that can contribute to the development a sustainable tourism industry in New Zealand.

After the close of pitches, we invite you to stay and join the teams for a drink.

 Please register here

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In conversation with Bill Murphy from Purpose Capital

Bill Murphy is from Purpose Capital which “Mobilizes new capital for systemic social and environmental change”. He is based in Tauranga but will be visiting Christchurch on 5 August and after recording an episode for Seeds Podcast he will be speaking about what they are doing, why they have that focus and what sort of investment they are looking at. Come have a chat with Bill at Parry Field Lawyers at 1 Rimu Street from noon – it’s free but please email stevenmoe@parryfield.com to confirm your attendance (limit of 30).

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Tech Activator Sessions – June 27th

Ministry of Awesome’s Tech Activator Sessions are made up of 20-minute mentoring sessions where tech entrepreneurs of all sizes and stages talk through their tech startup, venture or idea and get focused feedback from our Startup Activator and a veteran panel of tech experts. This is your opportunity to use their expertise and networks to ensure your best possible chance of success.

Spaces are limited, and the programme is almost always sold out so make sure you get in quick.

Here’s how it works:

  1. Select a 20-minute appointment that works for you and tell us about your idea or your business.
  2. Feel free to bring along any materials that will assist you (notes, drawings, websites, photos, presentations, etc.) or just bring you.
  3. These sessions are always sold out so please show up on time, get ready to focus, and gear up for a great session.

We can’t wait to help you make your dream a reality or help you get on that road to successful entrepreneurship whatever that looks like for you. 

All sessions take place at Ministry of Awesome, Ground Floor, Kahukura Building, Corner of Moorhouse Ave and Madras St, Christchurch.

See more here.

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