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

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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

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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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Ron Weissman’s impressions about NZ angel community

In the following interview with Ron Weissman, conducted at the Asian Business Angels Forum and AANZ Summit 2015, he talks about his impressions of the New Zealand angel investment community.

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 NZ needs to know about US?

We have interviewed Ron Weissman, from Band of Angels, at the Asian Business Angels Forum and AANZ Summit 2015, in Queenstown.

Ron Weissman tells in this video when US will be open for NZ startups.

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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Band of Angels chairman’s view on NZ’s angel community?

During the Asian Business Angels Forum and AANZ Summit 2015 we talked to Ron Weissman, chairman of the Band of Angels.

In this interview Ron Weissman talks about his view on New Zealand angel community.

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 the most important thing for angels to know?

The following interview with Ron Weissman, chairman of the Band of Angels, was conducted at the Asian Business Angels Forum and AANZ Summit 2015.

Ron Weissman talks about what angels are fascinated to hear and what really matters.

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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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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How Angels help growing entrepreneurial communities

We have interviewed Jamie Rhodes, serail entrepreneur and Angel Investor from Texas, at the Asian Business Angels Forum and AANZ Summit 2015, in Queenstown.

Jamie Rhodes answers what angels do to help grow entrepreneurial business communities.

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 does NZ need to provide?

During the Asian Business Angels Forum and AANZ Summit 2015 we talked to Jamie Rhodes, serial entrepreneur, founder of Alliance of Texas Angel Networks and chair member of the Angel Capital Association.

In this interview Jamie Rhodes talks about what New Zealand’s entrepreneurial ecosystem needs to provide for companies which want to scale in the United Stades.

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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Angel opportunities in China

In the following interview with David Chen, conducted at the Asian Business Angels Forum and AANZ Summit 2015, he talks about Angel opportunities in China.

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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Robotis study case – David Chen from AngelVest

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

David Chen tell us how and why the founder of a robotics company moved to Asia.

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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Expectations for NZ’s angel investment community

During the Asian Business Angels Forum and AANZ Summit 2015 we talked to David Chen, co-founder of AngelVest Group in China.

In this interview David Chen talks about what he would like to see New Zealand’s angel investment community do as a result of ABAF 2015.

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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Sucessful cross-boarder deals

The following interview with David Chen, co-founder of AngelVest in China, was conducted at the Asian Business Angels Forum and AANZ Summit 2015.

David Chen talks about what are the key element for successful cross-boarder deals.

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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What Angel Investors need to know about corporate acquirers?

The following interview with Bob Kelly, Vice President Mergers and Acquisition at Microsoft, was conducted at the Asian Business Angels Forum and AANZ Summit 2015.

Bob Kelly talks about what kind of companies he is looking for how how they must align with Microsoft missions.

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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Winging it with crowdfunding

Some fascinating perspectives about the intersection of crowdfunding and angel investment are discussed in Lesley Springall’s article written off the back of ABAF.

The old and the new went head-to-head at the recent Angel Summit, as equity crowdfunding took to the platform to sell its case to more traditional start-up investors.

Internationally-known Scottish angel investor and angel fund manager Nelson Gray has travelled the world discussing best practice in early stage investment, to help encourage more business people to dig deep, don wings and take the early stage investment plunge.

Read more

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Giving wings to business risks

From humble beginnings in Kolkata, India, engineer-turned-serial angel (early stage) investor Jayesh Parekh is poised to close his second fund with Jungle Ventures.

The seed and Series-A US$100 million pan-Asia investment fund, comes hot on the heels of the Singapore-based venture firm fully investing its first US$10 million pan-Asia Angel fund, which invested in 30 start-ups including two with Kiwi origins: video transfer firm Ebus; and inventory management company Tradegecko.

A self-confessed Kiwiphile, start-up mentor and social enterprise champion, Jayesh took time out from sharing his wisdom (and humour) at the combined 2015 Angel Summit and Asian Business Angels Forum in Queenstown last month to tell NZBusiness whether being an entrepreneur is more nature or nurture, and why an entrepreneurial mindset is important for business growth. Lesley Springall asked the questions.

There are people who are born-risk-takers. It’s handed to them genetically.

Then there are people who are from a business background, but not a risk-taking background, but that does not mean those people can never be entrepreneurs. If you can cultivate a risk-taking ability then you can become an entrepreneur.

But why is an entrepreneurial mindset important for businesspeople?
Jayesh: “There are two things about an entrepreneurial mindset – one is that risk-taking ability and the second, and most important, is what I call ‘business acumen’, a visionary who sees opportunities and how to make money from them.

“There are people who have business acumen, but don’t have the risk-taking ability. They can grow to very senior levels in Apple, Facebook and Microsoft, but they never start their own business because they don’t have that risk-taking ability. The only risks they take are ‘intrapreneurship’ risks; they don’t risk their own money.
“You need both to grow a business.

“An entrepreneur often thinks just because they have started a business, they have taken a risk, but there are three levels of risks: the first is to graduate from college and start a business or work for two years then start a business, but that’s not really much of a risk for anyone. Then there’s the next risk level, when you first take someone else’s money. The third level is growth money, when you take $5 million or $10 million dollars to energise and change the company from a secure path to a growth path.
“That’s a big level of risk because that businessperson could just stay where they are – they’ve got a good life, why do they want to take $5 million more, why put everything at stake? So there is some risk taking at each level, but it’s extremely important to be entrepreneurial at the third level, because that’s when there’s the most risk and that’s when you need the vision to see the opportunity to scale.”

NZB: Is that something a business person can hire in?
Jayesh: “Yes and no. In India you can, for example, hire in a graduate from the Indian Institute of Technology or an MBA graduate from the Institute of Management. However, the economics of making profits out of a business must really come from the business owner because it is their vision and strategy and any person they hire in, however business savvy, will still just be executing this strategy.”

NZB: What do you look for when choosing to invest in someone?
Jayesh: “There are three things I look for. The first is ‘who’. Who is the entrepreneur who’s standing in front of me?

What is their background? What is their passion? What is their vision? And what is their business acumen and risk-taking ability?

“If they pass that only then will I move on to the next step – the ‘what’. What is the idea? Is it scalable? Is it a repeatable? What are the economics of it? Is it well thought through? Is this something that I can see growing in leaps and bounds? Is it an innovative idea? Is it a disruptive idea? Is it a ‘me too’ idea? As soon as I know that and if I like it, I will go on to the next question, which is ‘how’.

“So I go to this hugely important risk factor, the one most people look at first, and look at it third. How are you going to execute this? Is this really going to work? Is this just multiplying 20 percent per quarter growth? Is this something the entrepreneurial team can defend? Do they have the ability to do this? Do they have the ability to hire and plug the holes in the team if they don’t?”

NZB: What percentage get to ‘how’?
Jayesh: “At Jungle Ventures we see a few thousand ideas, but we can only make three to five investments a year.
“Sometimes I do come across some amazing people, but the idea might not fit the Jungle thesis, as we are four partners – whereas before when I was just an angel investor, the percentage was a lot higher. I used to be a lot more all over the place; as soon as I liked something I’d fall in love, and I fall in love very easily.”

NZB: What gets you excited?
Jayesh: “Personally I get excited about innovation and disruption and therefore I look for intellectual property (IP). If the idea is defensible, that really excites me.”

NZB: What’s the most common mistake entrepreneurs make when they try to approach investors?
Jayesh: “They get really carried away with the market size and the top down approach. They say, ‘look the market is $3 billion and I just want two percent of it and therefore I’m going to make $50 million, $60 million or $100 million’.

“In the past, the economic model was all important. But nowadays anyone can build a community so it’s not so dramatically important; but I see entrepreneurs getting hung up on it. They throw in things like 100 million users or $100 million revenue in three years and that’s in the unbelievable category.

“So, really, the biggest mistake I see entrepreneurs making is undermining the ability of an investor to see through the rosy picture they are painting. Yes, we like our entrepreneurs to be passionate and to think big, but if they are honest and show a little bit of self-doubt that gives the impression they will listen. And a good entrepreneur has to be smart, savvy, but he also needs to understand other people’s points of view and then be able to make a decision and follow it.”

First published on nzbusiness.co.nz on 7th December 2015

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Closing Remarks #ABAF15NZ and intro to #ABAF16Korea

#ABAF15NZ: Closing Remarks and intro to #ABAF16Korea

Wrap up of #ABAF15NZ from #Marcel Van den Assum (Angel Association New Zealand)

Introduction to # John Choy (Korean Angel Association) who invites international visitors to #ABAF16Korea

Click here to view video on youtube

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Silicon Valley / Silicon Dragon – Complimenting or Competing #ABAF15NZ

#ABAF15NZ: Silicon Valley / Silicon Dragon – Complimenting or Competing

What influence or roles does “the valley” play in approaches to scaling, building markets and creating value in Asia for liquidity success? How do we best access capital connections and customers across the two? Is that even possible for early-stage ventures?

Key note : #Jayesh Parekh (Jungle Ventures, Singapore)

Two promising New Zealand entrepreneurs discuss international scaling from the founders perspective.

# Jo Mills (Fuel50, NZ)

# Jonny Hendrikson (Shuttlerock, NZ)

DEBATE: “Silicon Valley can’t teach us much about scaling angel backed ventures in Asia”

Moderator : # Raiyo Nariman (Malaysia)

Affirmative :

# Marcia Dawood (Golden Seeds, USA)

# Eric Wikramanayake (Lankan Angels, Sri Lanka)

# Lee Bagshaw (Simmonds Steward, NZ)

Negative :

# Jamie Rhodes (Central Texas Angel Network, USA)

# Lucy Lu (Life Science Angels, USA)

# Jordan Green (Australian Association of Angel Investors)

Click here to watch video on youtube

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Lead Partners

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Expert Partner

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AANZ Summit Sponsors

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