Trevor Dickinson named New Zealand Arch Angel 2016

One of New Zealand’s most prolific angel investors, Trevor Dickinson, has been awarded the Angel Association of New Zealand’s (AANZ) prestigious Arch Angel Award at the 2016 NZ Angel Summit in Hawke’s Bay.

The Arch Angel Award is the highest honour in New Zealand’s angel investment community, and recognises individuals who have steadfastly championed the cause of angel investment and investors.

The award highlights the work of angel investors who give a significant amount of their time and money to help startups and early-stage companies – as well as their founders and teams – to reach their potential.

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ABAF 2016 Trip Reports

Every year the Angel Assn supports some of our lead investors to attend key international events. We see this as an investment in the growth of “great angels” as these people learn about best practice approaches to angel investment and even more importantly make the sorts of connections that are vital to the success of their angel-backed ventures. Lead investors Brian Steele, Simon Swallow and Dana McKenzie recently attended this year’s Asian Business Angels Forum in Seoul. You can read their report and check out the connections they made here

Governance at the coalface of the future

Hear from our very own Debra Hall (long time AANZ executive committee member) on her thoughts on Governance, the topic she delivers on so well for the AANZ Governance Courses:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   

I always knew that when I retired from my day job, I wanted to be a company director.  I never imagined how hard that would be – after all, if governance is at least in part about strategy, and I’d made a very good living shaping strategy for my many corporate and public sector clients, why would I not be highly desirable in the governance pool?

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READY FOR LAUNCH

SHOWCASING INNOVATIVE NEW ZEALAND COMPANIES THAT ARE SEEKING TO FUND THEIR NEXT STAGE OF GROWTH.

The Investment Showcase is a partnership between NZTE and the Angel Association NZ and will be held on the opening night of the 2016 Angel Summit.

Guests include Angel Summit delegates, local and international investors and other key stakeholders in the NZ investment community.

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What do angels need to grow early stage investment industry?

We have interviewed Nelson Gray at the Asian Business Angels Forum and AANZ Summit 2015, in Queenstown. Nelson Gray is an educator, angel investor, mentor, fund manager, and non-executive director of the Scottish Angel Capital Association.

Nelson Gray explains what investors need to understand in order to get support to achieve successful exits and grow the early stage investment industry.

You can meet a quality network of investors and experts in early-stage company growth, acquisition and exits in person by registering your place at the 9th Annual NZ Angel Summit 2016.banner NZAngelSummit16

Follow-on investments

During the Asian Business Angels Forum and AANZ Summit 2015 we talked to Nelson Gray, educator, angel investor, mentor, fund manager, and non-executive director of the Scottish Angel Capital Association.

In this interview Nelson Gray talks about what angel investors should know about follow-on investments.

 

You can meet a quality network of investors and experts in early-stage company growth, acquisition and exits in person by registering your place at the 9th Annual NZ Angel Summit 2016.

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What is great about NZ angel community?

The following interview with Nelson Gray, non-executive director of the Scottish Angel Capital Association, was conducted at the Asian Business Angels Forum and AANZ Summit 2015.

Nelson Gray talks about what is great about the New Zealand angel investment community and what New Zealand can do better.

You can meet a quality network of investors and experts in early-stage company growth, acquisition and exits in person by registering your place at the 9th Annual NZ Angel Summit 2016.

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Engaging young people

We have interviewed Nelson Gray at the Asian Business Angels Forum and AANZ Summit 2015. And in this video Nelson Gray tells us his toughts on the role of angels in engaging with young people.

You can meet a quality network of investors and experts in early-stage company growth, acquisition and exits in person by registering your place at the 9th Annual NZ Angel Summit 2016.

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The role of government in angel investment

The following interview with Nelson Gray was conducted at the Asian Business Angels Forum and AANZ Summit 2015.

Nelson Gray talks about how important is the role of government in angel investment.

You can meet a quality network of investors and experts in early-stage company growth, acquisition and exits in person by registering your place at the 9th Annual NZ Angel Summit 2016.

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What angels are doing different in Scotland

In the following interview with Nelson Gray, conducted at the Asian Business Angels Forum and AANZ Summit 2015, he talks about what angel are doing differently in Scotland and what we can learn from this in New Zealand.

You can meet a quality network of investors and experts in early-stage company growth, acquisition and exits in person by registering your place at the 9th Annual NZ Angel Summit 2016.

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Nelson Gray: Why should angels go to international conferences?

We have interviewed Nelson Gray at the Asian Business Angels Forum and AANZ Summit 2015, in Queenstown.

Nelson Gray explains why angels should go to international conferences.

You can meet a quality network of investors and experts in early-stage company growth, acquisition and exits in person by registering your place at the 9th Annual NZ Angel Summit 2016.

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International Syndication

During the Asian Business Angels Forum and AANZ Summit 2015 we talked to Nelson Gray, educator, angel investor, mentor, fund manager, and non-executive director of the Scottish Angel Capital Association.

In this interview Nelson Gray talks about what’s the most important thing to remember on working on International Syndication.

You can meet a quality network of investors and experts in early-stage company growth, acquisition and exits in person by registering your place at the 9th Annual NZ Angel Summit 2016.

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What should angels takeaway?

The following interview with Nelson Gray, non-executive director of the Scottish Angel Capital Association, was conducted at the Asian Business Angels Forum and AANZ Summit 2015.

Nelson Gray talks about what what should drive angels to do what they are supposed to do.

You can meet a quality network of investors and experts in early-stage company growth, acquisition and exits in person by registering your place at the 9th Annual NZ Angel Summit 2016.

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USA ACA trip reports

In May, a “Kiwi Contingent” of about a dozen angels attended the US Angel Capital Association conference in Philadelphia. Five lead investors were awarded an AANZ “scholarship” to support their attendance at the conference. Susan Iorns from AngelHQ, Blake Richardson from Flying Kiwis, George Gong from Ice Angels, Christopher Boyle from MIG Angels and Tina Jennen from Enterprise Angels have all completed reports on the conference. Some of their key insights included; no one ever thinks they changed the management of an angel backed company too soon, company boards must regularly discuss the exit, look for founders who are obsessed with making the business work, the CEO should not lead the exit, there are so many people to learn from at the ACA conference and angel investment is in the best place it’s ever been. You can access all the scholarship recipient’s reports and read more here.

Asian investors view of international directors

During the Asian Business Angels Forum and AANZ Summit 2015 we talked to Jayesh Parekh, Managing Partner of Jungle Ventures, in Singapore.

In this interview Jayesh Parekh talks about Asian investors’ view of international directors.

You can meet a quality network of investors and experts in early-stage company growth, acquisition and exits in person by registering your place at the 9th Annual NZ Angel Summit 2016.

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Creating the board of directors

The following interview with Jaeysh Parekh, Managing Partner of Jungle Ventures, Singapore, was conducted at the Asian Business Angels Forum and AANZ Summit 2015.

Jayesh Parekh talks about what should entrepreneurs and investors think about when creating their board of directors.

You can meet a quality network of investors and experts in early-stage company growth, acquisition and exits in person by registering your place at the 9th Annual NZ Angel Summit 2016.

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What can be learned from Silicon Valley?

The following interview with Jamie Rhodes, a serial entrepreneur and founder of Alliance of Texas Angel Networks, was conducted at the Asian Business Angels Forum and AANZ Summit 2015.

Jamie Rhodes talks about what New Zealand can learn from Silicon Valley.

You can meet a quality network of investors and experts in early-stage company growth, acquisition and exits in person by registering your place at the 9th Annual NZ Angel Summit 2016.

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What kind of angel backed companies are corporate acquires looking for?

During the Asian Business Angels Forum and AANZ Summit 2015 we talked to Bob Kelly, Vice President Mergers and Acquisition at Microsoft.

In this interview Bob Kelly talks about how he chooses the companies he buys.

You can meet a quality network of investors and experts in early-stage company growth, acquisition and exits in person by registering your place at the 9th Annual NZ Angel Summit 2016.

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Founders role in an angel backed company – Corporate Acquisition

We have interviewed Bob Kelly at the Asian Business Angels Forum and AANZ Summit 2015, in Queenstown.

Bob Kelly questions whether founders should think about exit in the very beginning of the venture.

You can meet a quality network of investors and experts in early-stage company growth, acquisition and exits in person by registering your place at the 9th Annual NZ Angel Summit 2016.

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“The job is by no means done yet”: Marcel van den Assum defends the NZVIF

Angel Association Chair, Marcel van den Assum, applauds a decade of progress and sets out what’s needed to continue to build on it.

It’s great to see increasing interest and discussion about the importance of commercializing innovation for our economic wellbeing. There is a massive passion for NZ Inc.

The creation of the NZ Venture Investment Fund a decade ago is a reflection of that passion and it’s been a powerful catalyst for the creation of a growing early stage venture capital community.

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AANZ backs NZVIF

“Without a thriving early stage ecosystem,
New Zealand simply has no future”

Responding to the release this morning of the New Zealand Venture Investment Fund (NZVIF) Investment Report and suggestions the future of the Fund is in doubt, Marcel van den Assum, chairman of the Angel Association of New Zealand (AANZ), encouraged the government to stay the course.

“Building an early stage capital ecosystem and generating returns from the ventures receiving funding requires fortitude and commitment, and without a thriving early stage ecosystem, New Zealand simply has no future.”

Van den Assum, the 2015 Arch Angel award winner for his support and encouragement of Kiwi entrepreneurs, early stage companies and early stage investors, noted the government’s original concept was for a 25-year early stage investment programme.

It’s important the programme stays true to the original aim to build a strong and professional early stage venture capital community, he said. “It’s also important the Fund’s portfolio of ventures are managed to provide the best possible opportunity for the returns investors are looking for.”

Van den Assum said he is supportive of NZVIF taking a more active approach to managing what is a very valuable portfolio. In this respect and commenting on the Investment Report itself, van den Assum said it was still early days. The bulk of the Seed Co-investment portfolio had been generated in just the last two-to-three years.

The AANZ works closely with its members to raise awareness about the importance of portfolio management and how best to support their portfolio companies to achieve the sorts of returns expected for the higher levels of risk associated with earlier stage investing. NZVIF is a key support partner in sharing these risks and the associated rewards, he said.

And by any measures the leverage generated from the government’s investment through NZVIF to date was stunning, said van den Assum. “Putting $147 million in to generate $1.7 billion is impressive no matter how you look at it.”

And it’s not leverage just in financial terms, he added. “The country’s angel investors don’t just share the financial risk with the government, they bring substantial capability, experience and international connections to our young companies.”

Van den Assum said building and supporting early stage, high growth companies required ongoing commitment from government, professional services providers and investors. “No one group can do this alone. All partners and stakeholders need to commit fully and for the long term for us generate the socio-economic goals we are all seeking for the future of our country.”

–Ends–

For more information, please contact:

Marcel van den Assum, AANZ chair on mob: 021 963 459 or email: [email protected]

Suse Reynolds, AANZ executive director on mob: 021 490 974 or email: [email protected]

The Angel Association of New Zealand (AANZ)

The Angel Association is an organisation that aims to increase the quantity, quality and success of angel investments in New Zealand and in doing so create a greater pool of capital for innovative start-up companies. It was established in 2008 to bring together New Zealand angels and early stage funds; to support the angel networks and help create new networks; to promote the growth of angel investment in New Zealand by encouraging and educating entrepreneurs, new angel investors and angel groups; and to ensure the ongoing success of the angel movement through developing industry strategy, encouraging collaboration and educating the wider New Zealand public about the importance of angel investing in growing our economy.  AANZ currently has 14 members representing more than 650 individual angels associated with New Zealand’s key angel networks and funds. Recent NZ Venture Investment Fund data revealed angels have invested more than $NZ370 million in over 640 deals in the last 8 years. For more, please visit: www.angelassociation.co.nz

 

NZVIF

Start-up companies need capital to grow

The NZVIF was established by the New Zealand government in 2002 to build a vibrant early stage investment market in New Zealand. It has $300 million of funds under management which are invested through two vehicles: the $260 million Venture Capital Fund of funds; and the $40 million Seed Co-investment Fund.

All its investments are made either through privately managed venture capital funds, or alongside experienced angel investors, who it partners with to invest into New Zealand-originated, high-growth potential companies.

It is based in Auckland and governed by a private sector board of directors who provide oversight to its investment management team. It also plays an active role in market development, alongside investors and the New Zealand Private Equity & Venture Capital Association and the Angel Association New Zealand.

FLNT’s ideas app named top startup

Eight teams took part in this month’s successful tech-focused Startup Weekend for entrepreneurs in Tauranga, with the winners FLNT already signing up beta testers during the 54-hour session.

More than 40 individuals took part, pitching their ideas, then forming into teams to develop their proposals. FLNT’s idea was for an app to revolutionise employee engagement and spark employee innovation. The support of the potential beta testers helped validate the potential value of the concept.

The judging panel was made up of Carl Jones, head of local innovation incubator WNT Ventures, Suse Reynolds of the Angel Association, Jodie Tipping from local firm Cucumber Media and Dr Simon McDonald from Rhondium, a Katikati-based innovator in the global dental products market. All the judges were glowing in their praise for this year’s pitches, with three teams narrowly finishing as joint runners up.

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(Dr Simon McDonald (left), Carl Jones, Suse Reynolds, Jodie Tipping. Image: Claudia Silva)

Dr McDonald said it had been really difficult for the judges to decide on the winner.

“I thought it was fabulous event and the quality was very high,” he said.

“The FLNT app is an online suggestion box where anyone can suggest an idea, which would then transcend the multiple layers of management bureaucracy that often kill good ideas.”

FLNT team member Clayton Morgan said the original concept was for an app called “Tinder for Ideas” where each suggestion was voted on, much like someone on Tinder.

“A team was formed around this concept, made up of talented people with diverse backgrounds. FLNT then developed when we started our research and validating. We determined that applying this concept to businesses would engage employees and enable senior manages to tap into feedback and creative ideas from their workforce.”

Mr Morgan said the team had several organisations signed up to take part in testing FLNT.

“Going from idea to a full-formed business is thrilling and team FLNT is looking forward to working hard to create another successful Tauranga business.”

A high-calibre group of mentors supported all the teams throughout the weekend, which was being organised for the fourth year.

Held again at Basestation, the tech focused co-working space, Tauranga Startup Weekend was this year also part of the Global Startup Battle, with events running in more than 200 cities worldwide over the weekend.

Clever concepts

In addition to FLNT’s employee engagement app, the other pitches included:

* U! Get Off the Couch’s app to help parents get their kids out of the house

* Flapp’s system for connecting backpackers

* Be There Too’s easy live streaming solution for large family events

* Safe Out’s smart emergency evacuation system

* Happy Sprout’s kitchen garden starter kits

* Arrive Social’s carpooling app for students

* Tap’s social recruitment model, which rewards referrers and successful applicants

First published on nzherald.co.nz 25 Nov 2015

Welcome to #ABAF15NZ with Angel Association NZ

#ABAF15NZ: Welcome to ABAF with Angel Association NZ

#Marcel Van Den Assum (Chairman, Angel Association NZ) introduces the Asian Business Angel Forum. Hosted by the Angel Association of New Zealand, the 2015 Forum offers the opportunity for international and local investors to join together in celebrating this small country’s big contribution to early stage investment.

Leading angels agree that New Zealand punches above its weight.

“The AANZ has become one of the TOP angel summits in the WORLD,” – Bill Payne, US Angel Capital Association Hans Severiens Award Winner.

Click here to view on youtube

Lead Partners

NZTE NZGCP PWC “NZX” Callaghan Innovation

Expert Partner

AVID “Jarden”

AANZ Summit Sponsors

“UniServices” Kiwinet “AWS” “BNZ” “Momentum” “Punakaiki” “MBIE” “GD1” “WellingtonUniVentures” “Movac”