Angel Summit 2020 in Review

The Angel Association New Zealand (AANZ) held its 13th annual summit at Hunting Lodge on the outskirts of Auckland in the lovely green rolling hills last week. Several members from Canterbury Angels were among the 160 in attendance. This year the focus was ‘How to be the best angel you can be’. The format for the two days was a good mixture of presentations, discussions and time to meet others who are passionate about angel investment.

Day one started with Ian Taylor from Animation Research who talked to us about his company who make the graphic overlays to help us all understand what’s happening in things like America’s cup, cricket, golf etc. Covid hit them hard but with some changes it allowed them to keep the entire workforce.

Bernard Hickey’s chat on early stage companies and their role in economic prosperity was very interesting and as usual he delivered it in a fun, captive way.  ‘NZ is looking like the best horse in the knackers yard’.

Some key points from day one included:

  • COVID has made us more adaptable and agile than ever before.
  • The economy in NZ will be rebuilt on tech/ICT.
  • We need to improve founder/investor relationships.
  • More talent is needed with access to NZ residency.
  • Angel investment is tracking to similar levels as 2019.
  • Globalisation and disruption of the service industry is needed, especially health sector.

The ‘fireside chat’ with Sir Stephen Tindall and his son Robbie was excellent on day two, speaking from their own experience and despite huge success they came across as very humble and down to earth people.

Some of their key must have’s in a company:

  • Scalability, great teams, people you want to spend time and work with.
  • How do the founders respond when things get tough?
  • Get the people side right and the rest will (often) follow.
  • In the last 10 years Angel Investing has changed significantly.

Some other takeaway nuggets of advice from VCs to Angels were:

  • Lead by example
  • Show the results
  • Exit plan
  • Be around more
  • Work together with VCs

To be the best Angel group that we can be we need to live up to the idea that it takes a village.

Ian Bishop from Mentemia spoke around founder mental health and some of the results were surprising – Entrepreneurs are 50% more likely to report mental health conditions:

  • 10x suffer from bi-polar disorder
  • 6x suffer from ADHD
  • 3x suffer from substance abuse
  • 2x have suicidal thoughts
  • 2x suffer from depression
  • 2x have psychiatric hospitalisation

The summit concluded with award presentations and the winner of the Arch Angel Award was Serge van Dam. Serge is an experienced high-tech company founder, director and investor. He loves globally-minded Kiwi software companies and is actively engaged with companies such as Montoux, Landlord Studio, Wiptser, Common Ledger, Tourwriter, Raygun and CoGo and is an exited investor in Publons and IMeasureU. The recipient of the Kotahitanga Award is one of Avid.legal’s founding partners, Bruno Bordignon. The Puawaitanga Award has been presented to FileInvite CEO James Sampson and investor-director chair, Flying Kiwi Angels’ Garth Hinton. See more here.

Gabby Addington
CA Operations Manager

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November Investor Evening

Thursday 26th November –  5:30pm – 8pm
Venue: 141 Cambridge Terrace

Our event sponsor Lane Neave have kindly offered to host our final CA event for 2020. Please register here.

Come along to listen to key players in the NZ and Canterbury start-up ecosystem.

Boyd Warren – ChristchurchNZ’s GM of Innovation and Business Growth. ChristchurchNZ is the city’s economic development and city profile agency charged with igniting bold ambition, excitement, connecting changemakers, stimulating economic activity and attracting visitors to Ōtautahi Christchurch.

Jon Sandbrook – Investment Manager at WNT Ventures which began as a collaboration between experienced entrepreneurs and investors passionate about helping emerging companies bring their visions to life. They have two existing funds, with one currently open to investors.


Maria José Alvarez 
and Byron van Vugt from New Zealand Growth Capital Partners The NZGCP is helping to build a vibrant early-stage investment market in New Zealand with two venture capital investment vehicles; the Aspire Fund and the Elevate Venture Fund.

Canterbury Angels’ members are welcome to bring along guests free of charge.

Filed under: Events

Angel 2020 Summit

 

Angel 2020 Summit
Waimauku
Thursday 5th & Friday 6th November
Being the best Kiwi angel investor you can be… and how we can shape the future!
There are two qualities angels have in spades… optimism and creativity.

Covid is going to keep lobbing curve balls at us for a while but we are surging on with plans to run the summit in person. We are optimistic that we will be back at Level 1 by then and if we are not, then we will lean on the ‘creativity’ piece and run something fabulous and virtual.

If we are at Level 2 then the first 100 people registered will be our summit attendees. We will let you know when you register if you are not one of the first 100.

If we are at Level 3 or 4, then we will go virtual. At that point, if you’re still up for attending the virtual event and have paid for your in-person summit ticket we will refund a percentage of your ticket. We will provide a full refund if you do not wish to attend the virtual event.

We are continuing to line up some terrific speakers. In launching registrations we mentioned that Animation Research’s Ian Taylor, who was just fantastic at the Waiheke Summit in 2017, is returning to talk to us about “why this is the time to be thinking differently”. Other sessions will include a fireside chat with a rock star founder and investor team who are scaling rapidly, leveraging New Zealand’s unique reputation to create venture value, a debate on whether you should love or hate convertible notes and a repeat of last year’s popular session with three serial investors sharing their portfolios and their performance.

Please feel free to check out the DRAFT programme and let us know if you have any great ideas or contacts for speakers.

Thursday 5th and Friday 6th November.
Hunting Lodge Winery in Waimauku
There are only a few early bird registrations left. Register here to snaffle one.

Member only Early bird tickets: $1206.35 incl gst

Full member ticket : $1,321.35 incl gst

Non member ticket : $1,713.50 incl gst

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Code Club Aotearoa and Canterbury Angels

We’re inviting the Christchurch tech community to join us in supporting the next generation of Pacifika tech innovators.

This meetup is co-hosted by Code Club Aotearoa and Canterbury Angels. Snacks and beverages will be provided.

Join us for a 1 hour showcase as we hear from young Pacifika innovators as they pitch their software projects in true Dragon’s Den style.

Be inspired by the great ideas coming out of these young minds and provide feedback during a safe friendly Dragon’s Den style pitch! There will be an opportunity at the completion of the pitches to give a Koha alongside Canterbury Angels to help strengthen the Digital Technologies programme at Bromley Primary School.

Join together and help grow the opportunities for currently underrepresented youth in the tech community.

RSVP here. Numbers are strictly limited to 100. (At Covid Level 2)

Wednesday 16th September at Te Ōhaka

Schedule
12:00pm Mingle, food and drinks served
12:15pm Take a seat, the pitches will start
12:50pm Close out talk
1:00pm Back to work!

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Angel 102 Workshop

Angel 102 with Ken Erskine

Monday 7th September – 4pm – 6pm
Venue: ChristchurchNZ
BNZ Centre, Level 3
101 Cashel Street

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 is 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 other angels.

Register here.

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AANZ Professional Development Series

AANZ are running a series of sessions coming up and we’re lucky enough to have one here in Christchurch on August 21st.
 

A deep dive into term sheets and convertible loan agreements and the impact various terms can have on the cap table… for better and worse!

This three hour session walks you through the impact of different terms and implication of such things as stacked convertible notes, the discount rate and valuation cap on who holds what equity. It will help you to understand how to align for mutual success and how founders and investors can be adversely impacted if the venture’s context and capital strategy is not fully understood. So we will be discussing the longer term impacts of commonly used investment terms, especially on the ability for companies to raise capital at a later date.

This session will be led by Avid Legal Partner, Murray Whyte, who will be joined by Ben Kepes to give an investor perspective and Mitchell McLaughlin from Road Guru to give a founder perspective.

You will have recently received the Runway invitation sent to founders and investor directors. It will also cover this topic. The workshop here will provide a far deeper dive into the mechanics and impacts of the different structures and is just for investors.

These workshops are designed to be highly interactive. You are actively encouraged  to share personal insights or challenges you have faced. We encourage you to bring your own examples of specific terms or CLAs in action that we can draw on as working examples.

 
The workshop will run from 10am – 1pm, with a light working lunch included in the day.
 
The cost is $150 + GST. Register here. 

 

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August Investor Evening

Thursday 6th August –  5:30pm – 8pm
Venue: EY – Level 4, 93 Cambridge Terrace

CA events are back after a prolonged break due to the Covid-19 pandemic. Our event sponsor EY have kindly offered to host us. Make sure you add Thursday 6th August in your calendar to come along to our first investor evening of 2020. Please register here.

We have a great line up of companies confirmed alongside an opportunity with an ArcAngels Fund.

homeAR Launched in 2019, homeAR is an augmented reality platform designed to transform the residential construction industry, both in New Zealand and globally. Beyond simple visualisation, the homeAR platform provides both builder and buyer the tools to communicate, make decisions and create project success – from initial research to completion. Our vision for homeAR is to not only grow sales, reduce wastage and improve margins for our customers, but to grow the residential construction industry as a whole.

 

CarbonClick enables businesses to offer traceable, trusted carbon offsets with any purchase.

 

2020 HiTech Awards finalist and Canterbury Angels portfolio  company FileInvite will be giving an update. James Sampson Founder & CEO will outline their extraordinary 200% YoY growth, and what’s next for the company.

 

New Zealand and Beyond is a full service business, supporting New Zealand skincare
companies on every step of their journey into China. NZB was created after six months of research and development, our business model has been specifically designed to solve the problems kiwi companies are facing when accessing China.

 

ArcAngels is a membership organisation that invests in early stage female-led startups in New Zealand. ArcAngels members have to-date invested over $1.6 million in 16 companies & funds. Alongside the network, ArcAngels is raising a Fund to invest in female-led startups.  It will be the first start-up fund exclusively focused for female founders in New Zealand. So far, the Fund already has commitments of almost $1.4million and has in turn invested into 6 companies – including: Beany, Voltaic, Limpidity, Chnnl, Yabble and Chatterize.

Canterbury Angels’ members are welcome to bring along guests free of charge.

 

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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:

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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.

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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.

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