Lightning Lab Underway

Lightning Lab kicked off in Christchurch on August 17. You may have seen the initial story in the Press, and you can follow the latest updates here.

The programmes capstone event, Demo Day, is scheduled for some time in November and we are working with the Lightning Lab team to see how Canterbury Angels can be involved with that event.

Filed under: News

NZVIF snapshot reveals early-stage landscape

Some benefits of New Zealand Inc’s approach to fostering investment in early-stage companies are illustrated by the timely release of NZVIF’s Portfolio Investment Snapshots Report. (full report – summary press release here).

Not only does it show how efficient the Government’s investment has been in leveraging $9 in private capital for every public dollar invested, but also its dataset of nearly 200 companies provides some real intelligence around the risk/reward dynamics of early-stage investment in New Zealand, beyond the usual “1 in 10 (or 20)” rules of thumb of angel investment.

There are probably few surprises in the main lessons from the report. Early-stage investment continues to be risky business and its rewards may often be more intangible than tangible. There are encouraging success stories but investors need to be prepared for tough times, illiquidity, and losses too. Importantly, investors need to consider a portfolio approach and be prepared for making sustained follow-on investments.

Filed under: News

Marcel van den Assum Presenting on Angel Investing

Canterbury Angels is delighted to invite you to hear from Angel Association NZ Chair Marcel van den Assum.

Marcel’s talk will be of real interest and value to people, especially those new to, or contemplating, angel investment. Please feel free to extend this invitation to people you know who may be interested.

Marcel will be talking about the state of angel investing in New Zealand with particular regard to:
a brief history of the NZ angel eco-system touching on key catalysts and contributors;
an overview of the level of activity including investment levels, deal trends, syndication drivers, portfolio performance, exits;
the role of the AANZ and our perspective on government policy, implications of crowd-funding, capital lifecycle opportunities (eg NZX).
Marcel will also share some of his experiences with GreenButton, including the GreenButton story with an emphasis on key lessons learnt so that we can emulate as well as charting GreenButton’s course from the angel investment through to acquisition by Microsoft within 5 years, at greater than 10x for founding angels.

Thanks to CDC we are also pleased to be hosting this event at Christchurch’s latest addition to the Innovation Precinct, the GreenHouse Innovation Hub on Lichfield St, shortly to become home to the Christchurch Lightning Lab programme.

Because of the venue, please note that – firstly – numbers are strictly limited so please register early. Secondly, we are asking for a $10 donation at the door to cover the costs of networking lubricants.

Time: 5.30pm
Venue: GreenHouse Innovation Hub, Lichfield Street

Filed under: News