Professional Standards
The Angel Association New Zealand (AANZ) publishes standard industry documentation guidelines to encourage professional standards and reduce cost for early stage investors.
Reporting Guidelines
The attached guideline for Portfolio Company reporting is intended to act as a guide and industry standard for AANZ members. The guidelines have been prepared by the Council with support from members and advisers.
The guidelines include:
• Financial report template ; and
• Written report template.
The AANZ welcomes feedback on the structure and usability of the guidelines.
Please contact the Executive Officer for more information or comment.
Standard Industry Documentation
The attached Term Sheet templates for early stage investment is intended to act as a guide and industry standard for AANZ members. The guidelines have been prepared for the Council with support from New Zealand Venture Investment Fund, members and advisers.
Term Sheet templates
Ordinary Shares
Preference Shares
Convertible Loan
For more information on these and other templates from NZVIF, please click here.
Convertible Notes
Investors use a wide variety of instruments to invest in companies. This paper from PricewaterhouseCoopers summarises the tax implications arising from convertible notes with different features that could be considered to achieve commercial objectives.