#ABAF15NZ: Archangel Award 2015 Presentation
The new Archangel award 2016 and notable mention for outstanding contribution to the Angel industry in New Zealand.
Click here to view video on youtube
The new Archangel award 2016 and notable mention for outstanding contribution to the Angel industry in New Zealand.
Click here to view video on youtube
Getting real on the likely hood of cross-border deal syndication – the risks, the restrictions and the potential. Is it possible to build an international portfolio? What are the pros and cons?
Moderator – # Nelson Gray (Scottish Angel Capital Association, SCT)
# Ashley Krongold (Our Crowd, AUS)
# Raiyo Nariman (Malaysian Business Angel Network)
# Bob Kelly (Microsoft, US)
Click here to view video on youtube
Where does listing fit in the lifecycle of an early-stage company? Is it different internationally? What are the options?
Introduction presentation from Tim Bennett, CEO, NZX who explains New Zealand’s regulatory environment, markets and opportunities for high growth companies and angel and venture capital investment markets.
Moderator – # Chris Twiss (NZVIF, NZ)
# Chris Twiss, New Zealand Venture Investment Fund
# Garth Sutherland, and Bronwyn McGrayth from Adherium, NZ who recently listed on the the New Zealand stock exchange
# Chris Twiss, NZVIF explains the NZ fund investing and compares to international markets with comment from Ron Weissman, US and David Chen, China.
How much time should founding team of early-stage companies be giving to thinking about IPO.
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A practical look at how IP can be leveraged to build value in ABC’s (Angel Backed Companies). Building revenue streams and IP portfolios.
What IP are Asian acquirers looking for? Do angels need to own the IP? What role does the exclusive licence play? What are sector specific consideration in IT vs. life science deals.
Moderator – # Anton Blijlevens (AJPark, NZ)
# Allan May (Life Science Angels, USA)
# Introduction to international panel and their ‘war stories’ about intellectual property in China, Australia, and New Zealand
# David Chen (AngelVest, China)
# David Hugues (NZ Plant and Food – Crown Research Institute, NZ)
# Jim Kalokerinos (Brisbane Angels, Australia)
Click here to watch video on youtube
Click here to view video on youtube
# Minister Steven Joyce – Economic Development & Science/Innovation Minister, an entrepreneur himself who started in the Radio industry, talks to #ABAF15NZ investors about creating stronger links for New Zealand in the Asia Pacific rim and driving New Zealand’s Business Growth Agenda.
Includes the announcement of the 2015 fiscal surplus for New Zealand, mention of the free trade agreement with China and TPPA.
“New Zealand is far more innovative and a far lower cost”
BGA paper including ‘Innovation Chapter’ available here
BGA Building Investment – “New Zealand needs more capital”
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Presenters from three platforms spanning UK, Australia and New Zealand look at current developments and dynamics of both accredited and unaccredited equity crowd funding. They also discuss its impact on angel investment and advances made by early-stage companies to change the world.
Moderator – # Ashley Krongold (Our Crowd, AUS)
# An intro to crowd funding in Australia
Slides available here
# Josh Daniell (Snowball, NZ)
# David Wallace (Armillary Private Capital and Crowdcube, NZ)
Click here to wtch video on youtube
Over three decades Bill Payne has successfully founded and invested in over 50 start-up companies. He talks briefly to the delegates of the Asian Business Angel Forum 2015 about building an early-stage investment portfolio.
Find out more about # Bill Payne here.
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Angel investors from China, Taiwan, Hong Kong and Sri Lanka compare notes and comment on international early-stage deal making. Deal size, valuation, exits, sector preferences, government support, regulatory issues and more. They discuss cross-border investment and access to follow on capital.
Moderator – # Andy Hamilton (Ice Angels, NZ)
# David Chen (Angel Vest, China)
# Mark Hsu (Pinehurst Advisors, Taiwan)
# Samson Tam (Hong Kong Business Angels)
# Eric Wikramanayake (Lankan Angels Sri Lanka)
# Andy Hamilton throws out a challenge and starts Q & A
Click here to view on youtube
#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.
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Presentation by Nelson Gray
Who is investing in what, and why? Are there global trends? Where to go to bag a unicorn… What is a uni-corpse?
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#ABAF15NZ: New Zealand’s Angel Investment Market
The largest gathering of early-stage angel investors in New Zealand along with more than 50 international angels with interest in cross-boarder investment joined together in Queenstown, NZ in October 2015.
# Debra Hall from Ice Angels NZ kicks off proceedings with an outline of the angel market in New Zealand and highlights of the year.
Presentation available here.
Click here to view video on youtube
#ABAFNZ15 : Key Components of a Successfully Executed Capital Strategy
Focusing on the future, in this #ABAF15NZ session Ron Weissman outlines the key components of a successful capital strategy. What does that strategy need to give investors the best chance of liquidity?
#Ron Weissman (Band of Angels, USA)
#Marcel van den Assum (Angel Association New Zealand, NZ) and Ron then expose the practical implications of implementing a capital strategy in a fireside chat.
Slides available here
Click here to view video on youtube.
Angel Association Summit and Asian Business Angels Forum 2015
#ABAFNZ15 : Generating Quality Angel Investment Deal Flow
The different sources of deal flow are discussed in this session including the role of accelerators, incubators, universities and tech transfer offices in generating deal flow.
Speakers cover the latest trends in deal stage and sector preferences.
Moderator – Dr Ray Thomson (Ice Angels NZ)
# Carolynn and Jon Levy (YCombinator, USA)
# David Hughes (Director, Kiwinet)
# Jamie Rhodes (Central Texas Angel Network, USA)
# Brett Holland (Lightning Lab, NZ)
# Harveen Narulla (Hatcher, Singapore)
# Wilem Van der Steen (Callaghan Innovation, NZ)
Click here to view video on youtube
This week I attended the Asian Business Angels Forum in Queenstown, New Zealand. It was well attended. I noticed some things and gained valuable insights from speaking with members of the community.
A few things jumped out at me:
It seems much of the mechanics of the community’s working are a result of having to deal with the circumstances in which the community operates:
What I appreciated about the community was that there was recognition that some of the early phenomena resulting from the natural evolution of the community should be corrected. In particular, it used to be seen as a badge of honour for startups to do second or third rounds at large valuations, which ended up trapping some start-ups up a tree they then had to make the unpleasant decision to climb down from. Today there seems to be more understanding that valuations need to be explainable by reference to where the company was in its growth journey.
The community was also very open to learning how to do things better.
There, I feel the experience we have had growing Hatcher’s processes and portfolio could add some value. Points I made in my panel session about the value of applying process and intensive involvement as a venture builder, focusing on a niche (B2B in our case), having a clear idea of founder profile (we preferred older founding teams that had a range of experience and competences), were not lost on those listening. I had many good conversations about this after my panel session at the event and look forward to more such exchanges.
Another thing that struck me – and this is larger than just the angel or venture scene – was how down to earth, open and sincere people in the community were. There was a lot of warmth, tremendous amounts of kind sentiment, and a willingness among people I spoke with to make introductions. This community clearly has a strong ethic and all the ingredients for progress together.
Hatcher looks forward to being involved with the New Zealand venture community in the years ahead.
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Some of our wonderful international visitors who spoke at ABAF also spent some time in Auckland. Here are a selection of insights from the Lowndes Associates sponsored event which addressed “Effective Investment in Growth Companies.
One of ABAF’s rock star speakers talks in this article about the importance of two-way flow on deals and investment between Asia and New Zealand.
Marcel van den Assum, the current chair of the Angel Association of New Zealand (AANZ) has been awarded the prestigious Arch Angel Award at the 2015 combined Angel Summit and Asian Business Angels Forum (ABAF) in Queenstown.
The Arch Angel Award is the highest honour New Zealand’s angel investment community can bestow. It recognises someone who has steadfastly championed the cause of angel investment and the investors who are willing to give a significant amount of time and money to help those start-ups and early stage companies, and particularly the entrepreneurs who risk all to establish those companies, to reach their potential.
The Committee deciding the award (comprised of past Arch Angel awardees) noted Marcel has not only been a particularly active angel investor but has taken a leading role in the governance of a number of angel investee companies, distinguishing himself with his widely acknowledged assistance in the Green Button exit last year.
“However, it is his contribution to the administration and promotion of New Zealand’s angel investment world that was key to Marcel becoming this year’s Arch Angel,” says 2014 New Zealand Arch Angel and former AANZ chair Ray Thomson. “Not only has he been heavily involved in the development of the Wellington-based Angel HQ group, which was instrumental in founding New Zealand’s first startup accelerator Lightning Lab, but he has generously given his time to the development of New Zealand’s angel community, serving two years as deputy chair and then, for the last two years, chair of the AANZ.”
Marcel was presented with this year’s award in front of more than 170 angels, including 50 representatives from overseas, in the first event of its kind in New Zealand combining the eighth annual Angel Summit with ABAF.
Andy Hamilton, chief executive of Auckland’s angel, startup and business education hub, the Icehouse, and another former Arch Angel, says giving this year’s award to Marcel in front of so many national and international angels was fitting as Marcel has always strived to help build overseas connections to help our startups succeed. “Like all business angels, Marcel is completely dedicated to helping entrepreneurs achieve their potential and to do that we need to build international connections to provide the capital and connections our young businesses need to compete in a global marketplace.”
Marcel is AANZ chair, a professional director and an angel investor. He serves on the boards of Flick, Voco, Simplhealth, Yonix, CropX and the Wellington-based angel group AngelHQ. He was an investor in and chair of GreenButton, a successful angel-backed company that was acquired by Microsoft in 2014. He is a founding investor in Lightning Lab, a member of the GD1 (Global from Day one) investment committee, and he holds a number of advisory board positions with private and public sector entities. Prior to donning his wings, Marcel was CIO of Fonterra and managing principal of Unisys New Zealand.
Former Arch Angel winners include Phil McCaw, managing partner of investment firm Movac; The Warehouse founder and long-time angel investor Stephen Tindall; Andy Hamilton, chief executive of Auckland-based incubator and business educator The Icehouse; US super angel Bill Payne, and last year’s awardee veteran angel investor Dr Ray Thomson.
For more information, please contact:
Suse Reynolds, AANZ executive director, on mob: 021 490 974 or email: [email protected]
Dr Ray Thomson, former AANZ chair and 2014 Arch Angel, on mob: 021 646483 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
This year New Zealand is hosting the Asian Business Angels Forum, combining it with its own Angel Summit to strengthen ties, build alliances and make it possible for our entrepreneurs to have the cash and the connections they need to become New Zealand’s businesses of tomorrow.
On October 14th to October 16th 2015, in the stunning surrounds of Queenstown, alliances will be forged and best practices shared at the combined eighth annual New Zealand Angel Summit and the Asian Business Angels Forum (ABAF).
More than 150 angels, including 50 representatives from about a dozen countries, are expected at the event. All are dedicated to helping young businesses achieve their potential by building the networks they need to thrive in today’s global world and providing the capital they need to compete.
“Having this many investors visit with an appetite for early stage entrepreneurial ventures rather than property, and from such a range of countries is unique, if not a first for New Zealand,” says Marcel van den Assum, chair of the New Zealand Angel Association (AANZ).
“Angels invest their own ‘courageous capital’ in high growth startups. They are largely motivated by the desire to ‘give back’ and support their local economies. It’s not a financially rational endeavour because on a deal-by-deal basis angels are more likely to lose their money than not. So it’s a portfolio game where, both personally and from a wider economic benefit perspective, investors plant a lot of small seedlings to grow the giants in the forest.”
That’s why building alliances with other angels nationally and overseas is so important as it opens up a wealth of educational and experiential talent for the investee entrepreneurs and helps spread the risks and diversify angel portfolios, says van den Assum.
Given the tie-up with ABAF, the theme of this year’s Summit is Doing Business Together.
The summit kicks off with a a New Zealand Trade & Enterprise (NZTE) hosted technology showcase where 15 ventures, most of them angel-backed, will pitch to the gathered national and international angels on the Wednesday evening.
“While it will be terrific if some of the inbound visitors invest in these companies, the real value is in building an international network,” says van den Assum. “Angels are collaborative by nature. And without doubt the New Zealand angel-backed success stories have benefited from relationships built with prominent US angels over a number of years, which we are now extending into Asia.”
Building a global business from New Zealand is challenging, says van den Assum. “It’s a bit like climbing Everest – you need a good team behind you. A connected international network of support is critical to their success and that is what ABAF is all about: connecting Kiwi entrepreneurs and angel investors with angels in other places where we want and need to do business.”
For more information, please contact:
Marcel van den Assum, AANZ Chair, on mob: 021 963 459 or email: [email protected]; or
Suse Reynolds, AANZ Executive Director, on mob: 021 490 974 or email: [email protected]
Meet the speakers #ABAF15NZ – Raiyo Nariman
The Angel Association of New Zealand brings the 2015 Asian Business Angel Forum to Queenstown this October. Leading investors and early stage business specialists from around the globe will share their knowledge and make their New Zealand connection at this premier global investor forum
Presenters sharing personal learnings garnered from years of investing with the carefully curated audience of Angel groups, network and fund members from across this dynamic country include Raiyo Nariman founding VC of the Malaysian Business Angel Network.
Raiyo Nariman specializes in commercialization of technology, research & IP, and the development, funding and growth of start-ups. As a Venture Manager, Raiyo personally invests and partners with founders, taking a hands-on role to ensure successful execution of commercialization & growth strategies, including international market entry and capital raising.
Raiyo’s entry into the venture arena started in New Zealand, as part of the founding executive team for a Foundation, where his focus was on the development, funding and incubation of new ventures. Raiyo’s executive-level engagements include CEO of Canterprise, the venture company at University of Canterbury, and MD of Encore Professional Services, a business he spun-out, established and grew for a PE fund in Hong Kong.
As the founding VP for the Malaysian Business Angel Network, Raiyo played a key role in establishing the current angel investor community in Malaysia and has also established, developed and managed angel networks in Hong Kong and Singapore, and works with angel clubs and associations across Asia and the West.
Raiyo is MD and Partner for Mercatus Ventures, a Malaysian-based early stage venture firm that invests in, and takes a hands-on role to develop, regional ventures. He is also a Partner in Serendipity Ventures, a Hong Kong-based boutique venture management firm, where he personally invests in early stage ventures and takes them to market.
Meet Raiyo, along with a host of angels from New Zealand’s angel investment community and the world at the Asian Business Angels Forum, Queenstown, October 14-15. Only a handful of seats remain.
In May 2014, New Zealand tech success story GreenButton was acquired by US software giant Microsoft adding the company to a small but growing list of successful Angel funded kiwi technology exits.
Dan Khan a tech entrepreneur, investor and former director of Lightning Lab, New Zealand’s first tech company accelerator, has conducted in-depth research on behalf of AANZ and NZVIF into the journey of the company from startup to exit. The resulting papers provide valuable insights for kiwis driving towards doing international deals, the subject of this years Asian Business Angels Forum (#ABAFNZ15) in Queenstown, October 14-16 2015.
GreenButton’s success was not born overnight. The reality is one of relentless determination by the founder; big, bold decisions, backed by serious hard work; emotional challenges resulting from financial strains and extensive periods of being away from friends and family; an unrelenting focus on the end goal and a substantial commitment of expertise, time and effort by lead investors.
Angels invested in, or working on investing in Kiwi tech companies can learn how to achieve the highs and bear the lows of tech success on the world stage from the detailed research paper which steps through the “Anatomy of a Successful Exit: The GreenButton story”. Download it here.
Dan has also written a short form overview of his findings in a personal “Reflections on a Successful Exit: A Post-Post-Mortem of the GreenButton Story”, to entrepreneurs as he tours the country. His travel is being supported by the Angel Association of New Zealand and The New Zealand Venture Investment Fund. To receive a copy of the overview paper click here.
Hosted by the Angel Association of New Zealand, the 2015 Asian Business Angel Forum takes place in Queenstown, New Zealand, 14 – 16 October 2015.
The event, an expertly curated, three day and completely investor-centric summit subsumes the AANZ’s annual summit this year.
It brings together leading investors from around the world to share their knowledge and join together in celebrating this small country’s big contribution to early stage investment.
The AANZ is pleased to have attracted a stellar line-up of international speakers who bring with them hundreds of investment experiences and personal involvement in the most significant international investment funds and angel groups.
Their combined portfolios include some of the biggest, most important and well known early-stage companies in the world.
Thought-leaders gathering to present at ABAF in New Zealand’s beautiful Queenstown’s include:
Jayesh Parekh – Jungle Ventures, 500 Startups and Mumbai Angels
David Chen – AngelVest
Sasha Mirchandani – Kae Capital and Mumbai Angels
Nelson Gray – LINC Scotland, Firth Ventures and winner of the Queen’s Award for Enterprise Promotion for individuals who have played an important role in promoting enterprise skills and supporting entrepreneurs,
Bill Payne – ACA, Hans Severiens Memorial Award for Outstanding Contributions to Angel Investing and 2010 New Zealand Arch Angel Award for his impact on angel investing in New Zealand
Jon Medved – OurCrowd
Ian Sobieski – Band of Angels
Jamie Rhodes – ACA, Central Texas Angel Network (CTAN) and Texas into the Alliance of Texas Angel Networks
Marcia Dawood – ACA Board member, MD, Golden Seeds and Blue Tree
Allan May – Life Science Angels, Emergent Medical Partners
and Carolynn and Jon Levy – the legal team from the United States most successful incubator – Y Combinator, which has launched the likes of Airbnb, Dropbox and Stripe.
To see the entire stream of social media as Angels actively connect New Zealand to the globe, the latest from international guests, hashtags and other social networks in one place click here.
Using twitter you can follow the Angel Association of New Zealand at @AngelAssn, and keep up to date with the Asian Business Angels Forum news and the event itself as it unfolds by using the hashtag #ABAFNZ15.
To meet and hear from New Zealand’s largest gathering of global investment thought leaders, along with a host of angels from New Zealand’s angel investment community in person secure your seat now.
There are only 30 places left at one the southern hemisphere’s largest and exclusive investor events Asian Business Angels Forum, Queenstown, New Zealand, October 14-15 2015.
Meet the speakers #ABAF15NZ – Marcia Rick Dawood, Jamie Rhodes
A truly international trio rounds out an exceptional line-up of speakers at the 2015 Asian Business Angel Forum (ABAF) hosted by the Angel Association of New Zealand. ABAF event plays a pivotal role in bringing together speakers and delegates from 12 of the most active and connected early-stage investment ecosystems in the world.
Marcia Rick Dawood, Sasha Mirchandani, Jamie Rhodes all come to ABAF with intent to share a combined 100 years of experience in founding, finding, screening, funding, growing and exiting startups.
It’s an honour to welcome all three to Queenstown, New Zealand, from 14th until 16th of October to share their insights at #ABAFNZ15.
Marcia Rick Dawood is on the Board of the Angel Capital Association (ACA) in the United States an organisation which represents over 12,000 accredited investor members, 220 angel groups and accredited platforms who have invested in well over 10,000 entrepreneurial companies.
Marcia is also Managing Director of Golden Seeds, an investment firm dedicated to delivering above market returns through the empowerment of women entrepreneurs and those who invest in them. The firm’s nationwide angel network is the fourth largest and most active in the US with 250 members. Its venture capital group has $35million under management. The firm, headquartered in New York, also has groups in Boston, San Francisco, Dallas and LA and has invested over $50million into 52 companies since 2005.
Syndication of deals between Golden Seeds and BlueTree Allied Angels is also lead by Marcia where she is also a member and Chairman of the Education committee. BlueTree’s focus is investing in regional, early-stage companies.
Not content with the ACA and 2 angel funds Marcia is Managing Director of OneHEEL Partners in Greater New York too. She focuses on helping businesses grow, through direct investment and expert consulting services. The firm also offer a laboratory with resources to grow, develop and encourage business ideas and investments, identifying those concepts with the highest potential, and providing the financial and business expertise required, leveraging the background and network diversity of its partner members.
She supports women led, impact as well as tech/life sciences and overall fun companies and is passionate about education as well as investment. In her 16+ year career prior to becoming an active investor she gained experience and success in operations, sales and marketing with Kaplan Higher Education Campuses (KHEC). She has also walked the road of an entrepreneur as a founder, owner/operator of a professional sports franchise.
Jamie Rhodes is a serial entrepreneur and investor with deep experience in science and technology. He is co-founder of National NanoMaterials, manufacturer of Graphenol™, a functionalized form of graphene and previously founded Perceptive Sciences Corporation.
He brings over 30 years of experience managing investment in technology with him to his presentation at ABAF based on nine years in management at IBM, being co-founder of a venture capital funded start-up focused on the telecom industry (which IPO’ed in 2011) and, in the early years of his career, working with numerous start-ups, most notably National Instruments in its early stage. He holds both a Bachelor’s of Science degree and a Master’s of Science degree from the University of Texas at Austin.
A leader in his community in Texas, Jamie has been named one of ‘The 30 Most Influential People in Central Texas in the Last 30 Years’ by the Austin Business Journal and ‘Technology Volunteer of the Year’ by the Greater Austin Chamber of Commerce where he previously served on the board.
Among other advisory and governance roles Jamie also counts his position on the board of the Central Texas Regional Center of Innovation and Commercialization and the Texas Tri-Cities Chapter of the National Association of Corporate Directors, St. Edward’s University, Texas State University and the University of Texas. He is also an IC2 Fellow.
With the support of the GACC in 2006 Jamie founded the Central Texas Angel Network (CTAN), which provides funding and support to Texas entrepreneurs across a broad spectrum of industries. Jamie, along with a group of local investors and community leaders, were among the early adopters who believed that early-stage investing could provide a meaningful return for investors while also spurring local economic growth and so CTAN was formed as a not-for-profit corporation. Like most angel groups CTAN began with individual members of the organization volunteering their time and expertise to review potential investments, assist entrepreneurs and take care of administrative duties.
Jamie has also organized angel groups around the state of Texas into the Alliance of Texas Angel Networks, which represents over 300 investors and investment in over 60 companies in 2012. He is vice chair of the board of directors of the Angel Capital Association, a national organization spun out of the Kauffman Foundation representing seed stage investors.
Meet the trio in person, along with a host of angels from New Zealand’s angel investment community and the world at the Asian Business Angels Forum, Queenstown, October 14-15. Seats are now very limited. Be quick to register yours.
Meet the speakers #ABAF15NZ – Carolynn and Jon Levy
Hosted by the Angel Association of New Zealand, the 2015 Asian Business Angel Forum brings together leading investors and early stage business specialists from around the globe to share their knowledge make their New Zealand connection.
They join a carefully curated audience of investor members of Angel groups, network and fund members from across this dynamic country bought together by the AANZ to celebrate this small country’s big contribution to early stage investment and build international relationships.
Among the highly experienced line up of speakers AANZ is extremely pleased to be able to bring Carolynn and Jon Levy from Y Combinator, one of the most successful incubators in the US to ABAF to share their insights and experience at #ABAFNZ15.
Carolynn Levy is a partner at Y Combinator (YC). She was previously at renowned West Coast US firm Wilson Sonsini Goodrich and Rosati, where she helped hundreds of startups with legal questions and acted as Y Combinators counsel for 6 years. She has a BA in political science from UCLA and JD from the USF School of Law, and is a member of the State Bar of California.
Jon Levy, is also a partner at Y Combinator and previously counselled public and private technology companies as an attorney for Wilson Sonsini Goodrich and Rosati. He ran ThinkEquity’s private placement department and worked as a Managing Director at Merriman Curhan & Ford. Jon earned a J.D. from the University of Michigan Law School, and a B.A. in English Literature and Religious Studies from Wesleyan University.
Both Carolynn and Jon are skilled and experienced in dealing with entrepreneurs at all stages of the lifecycle, offering services to those beginning their ventures, those exiting and experiencing the process of merger or acquisition and those that recycle their capital investing in the new. They make themselves available for office hours at YC and Carolynn is active in entrepreneur education via Stanford University providing insights to founders Finance and Legal Mechanics for Startups helping them to get the structure right at the start.
Joining YC was a natural move for the couple, Carolynn says “YC was becoming bi-coastal and needed legal help on the west coast. So for years, as an associate at WSGR, I helped YC’s portfolio companies with formations, fund raising, etc. YC kept getting bigger, and my husband Jon joined YC as a legal consultant. Jon was (is) so happy working with YC because of the people and the culture. So eventually, since YC kept getting bigger, I decided to leave WSGR and come to YC as a full time partner. It was a great decision.”
She councils startups with pragmatic guidance, for instance “It doesn’t matter who thought of the idea, who did the coding, who built the prototype, or which one has an MBA. It will feel better to the whole team if the allocation is equal because the whole team is necessary for execution. The take away on this point: in the top YC companies, which we call those with the highest valuations, there are zero instances where the founders have a significantly disproportionate equity split.“
Y Combinator itself has an impressive track record, so in their time as independent and in-house council Carolyn and Jon have been involved in some of the biggest deals and best known companies in technology today, including: Airbnb (valued at approx $10B), Dropbox (valued at approx $10B), Stripe (over $1B and growing), Twitch, Heroku and Reddit. Twitch (formerly known as Justin TV) was acquired by Amazon for $970M, Heroku was acquired by Salesforce for $212M.
As detailed by investors following YC’s progress tens of other YC companies have been acquired, those “based on reports had a price greater than $10M were Parse (Facebook, $85M), SocialCam(Autodesk, $60M), Xobni (Yahoo, $48M), Cloudkick (Rackspace, ~$50M),Loopt (GreenDot, $43M), Wufoo (SurveyMonkey, $35M), Omnisio(Google, ~$15M), 280 North (Motorola Mobility, $20M), and Appjet(Google). Parakey‘s acquisition by Facebook likely involved Facebook stock which is now worth a greater amount also. Others that were smaller but non trivial and were likely deemed successes by the founders were Auctomaticand Zenter.
Meet Carolynn and Jon Levy, along with a host of angels from New Zealand’s angel investment community and the world at the Asian Business Angels Forum, Queenstown, October 14-15. Seats are now very limited. Be quick to register yours.
Meet the speakers #ABAF15NZ – Ian Sobieski
The Asian Business Angels Forum 2015 takes place in Queenstown, New Zealand and will run 14-16 October. The event has attracted an impressive line up of speakers from all over the world.
The AANZ is particularly proud to have secured Ian Sobieski as a key presenter. Ian leads the Band of Angels, one of the United States most active and successful angel groups.
The Band of Angels is an impressive group of high-net worth individuals who are all former officers or founders of the kinds of high tech companies that have made Silicon Valley famous. They have invested approximately $231M into 270 startup companies helping to create more than 3,000 jobs. More than 55 of these companies have had successful exits and 10 have IPO’ed.
Growing up in Virginia close to a significant US naval base, Ian was inspired to look into how to make submarines quieter. This led to him being a finalist in the 1987 Westinghouse Science Talent Search.
Ian held senior roles at Evite.com and engineering positions at medical device company Enact Health Management and Kaman Aerospace. He earned an aerospace engineering PhD from Stanford University and a BA in Philosophy from Virginia Tech – an interesting path which took him from submarine acoustics to financial modeling as a venture capitalist.
Ian’s portfolio includes over a hundred early stage investments and he has served on over twenty boards. Seven of his investments have successfully exited via ‘M&A’ including SeaDragon Software, Quorum Systems, Nellix, Novus Packaging, and Ordinate. Two of his investments have been listed on Nasdaq: Genitope and PortalPlayer.
As a founding partner of three seed venture funds, Ian has raised $US65M and a further $US120M as a partner in an early stage venture fund. The Band of Angel’s Acorn Fund backs entrepreneurs with a strategy to build profitable companies or exit on the sole investment of the fund.
Highly active in the early-stage ecosystem in the US, Ian is a founding board member of the Angel Capital Association and is a member of the Young Venture Capitalists Association, as well the American Institute of Aeronautics and Astronautics.
He is author of a dozen technical publications, a former lecturer at the Center for Entrepreneurship and Technology at the University of California at Berkeley, and is a frequent speaker, lecturer, and commentator in Silicon Valley.
In this video from a series on the popular investment platform ‘Gust’ he talks about the angel experience and how angel investment offers entrepreneurs the opportunity to benefit not only from the capital, but also the intellectual investment of angel investors.
Register your place at Asian Business Angels Forum, Queenstown, New Zealand, October 14-15 2015, one the southern hemisphere’s largest international angel investor events, to meet Ian Sobieski in person. Seats are limited, act now.
Meet the speakers #ABAF15NZ – Allan May
The 2015 Asian Business Angel Forum is our country’s big opportunity to meet and build connections with some of the world’s most successful and insightful investors from around the world.
As a founder of Life Science Angels (LSA), focused solely on medical device and biotech startups, Allan has curated a group comprised of high net worth individuals who are veterans from the medical device or biotech fields in the US.
The group have, since 2005, invested over $35M in 32 early stage companies who have gained over $700M in follow-on funding. The LSA portfolio also boasts five favourable exits.
Allan’s experience spans founder, CEO, board member and Chairman roles on a number of early stage companies in life sciences – including Intella Interventional Systems, MAST Immunosystems, ImmuneTech, Athenagen (Comentis), Nanostim, nSpine, and BioMimedica. In 2007 Allan joined renowned inventor, entrepreneur and cardiac surgeon, Dr. Thomas Fogarty, in co-founding Emergent Medical Partners. EMP is a boutique venture fund focused on early stage medical device company creation and investing. It has made 25 investments to date with 4 successful exits, including eValve and Ardian.
In 2010, Allan was elected Chairman of the Board of the Kauffman Foundation’s Angel Capital Education Foundation, now known as the Angel Resource Institute. ARI is devoted to the promotion and study of angel investing.
A strong advocate for developing angel investing as a complex ecosystem of peer-to-peer support and mentorship and also the formalization of angel investment engines, Allan has been outspoken on the benefits early-stage investing to the growth of ecosystems. For instance in a 2011 piece for The Atlantic he goes so far as to say angels were key to ‘saving Silicon Valley’; operating as they do on the clear understanding “capitalism still works, and the higher the risk the higher the return”.
Allan began his academic career at Case Western Reserve University where he received his Juris Doctorate. He earned a Bachelor of Arts degree in 1969 from Kent State University and is a graduate of the Stanford Executive Program for Small Business. Allan now frequents conferences and government programs as a lecturer on trends and developments affecting investing in life science. He has co-chaired Singularity University’s Innovation and Entrepreneurship Track at its FutureMed Program and is a member of the editorial board of Elsevier Windhover’s In Vivo magazine.
Allan brings to New Zealand insights from his extensive background of involvement in negotiating mergers, acquisitions, strategic alliances and successfully completing transactions with both public and private companies.
Meet Allan along with New Zealand’s angel investment community and other thought leaders from over a dozen countries by securing your seat now at one the southern hemisphere’s largest international exclusive investor events Asian Business Angels Forum, Queenstown, New Zealand.
Meet the speakers #ABAF15NZ – Jayesh Parekh
Queenstown, New Zealand, is gearing up for 2015’s Asian Business Angel Forum. The event runs from 14-16 October 2015 with an impressive line-up of business angels from all over the world.
Among the investment experts coming to New Zealand to share their knowledge and networks is managing partner of Jungle Ventures, Jayesh Parekh.
Mr Parekh has accumulated an extensive portfolio of technology, media and social impact investments with over ten exit or acquisition events among them.
He is also well placed to provide attendees of #ABAF15NZ with an authoritative view on funds and the benefit of angel networks, incubators and accelerators as a partner in a wide range of early-stage business growth and investment vehicles including Jungle Ventures, 500 Startups and Mumbai Angels.
Jayesh is a Singapore citizen and lives there with his family where he is actively involved in the ecosystem. He is Chief Mentor at the Hub Singapore, an Entrepreneur-in-Residence at INSEAD, an Executive Advisor to NUS (National University of Singapore) Enterprise and a TiE (Tech In Asia) Charter Member. As a judge at TiE’s Startup arena in Jakarta in 2014, Tech in Asia’s biggest Startup Asia to date with 2,202 participants, Jayesh was on the judging panel coaching founders to clearly articulate their monetization strategies.
Drawing on his background as an engineer with a Bachelor’s degree in Electrical Engineering from MS University in Baroda, India, a Master’s degree in Electrical Engineering from the University of Texas at Austin, USA and over 12 years at IBM based in Houston and Singapore, he supplies valuable guidance around product believing “best of class product is extremely important and that means the user experience fits across all regions.”
Jayesh also works with existing businesses to help them apply a more entrepreneurial mindset and approach to their enterprises. He delivers in-company presentations and often facilitates deep discussions with sales and marketing and business development teams to help them embrace corporate entrepreneurship as a way to identify new business opportunities.
In his long list of achievements Jayesh counts being a co-founder of Sony Entertainment Television, a major network launched in collaboration with Sony Pictures Entertainment and his board membership of One Animation, Shemaroo, Milaap, and investment in Asvathaa (gaming & animation), Game Ventures (online gaming) and eBus (TV commercial digital distribution).
He is also a passionate advocate and investor in ventures which give back to the community with roles on the Boards of social enterprise focused ventures such as the Investment Committee of Aavishkaar India, which invests in enterprises active in the social infrastructure sector in rural and underserved India. He was on the board of SONG, a fund owned by George Soros which invests in SMEs in India that meet social objectives. He served on the Board of United Way International for six years and is a founder of ProPoor, a non-profit portal for Non-Governmental Organizations in South Asia, and now a service of CharityFocus.
You can follow Jayesh on Twitter and meet and hear from him in person, along with a host of angels from New Zealand’s angel investment community and the world at one the southern hemisphere’s largest angel investor events Asian Business Angels Forum, Queenstown, October 14-15. Seats are now very limited. Be quick to register yours.
Meet the speakers #ABAF15NZ – David Chen
The 2015 Asian Business Angel Forum takes place in Queenstown, New Zealand, 14 – 16 October 2015.
Hosted by the Angel Association of New Zealand, the 2015 Forum brings together leading investors from around the world to share their knowledge and join together in celebrating this small country’s big contribution to early stage investment.
The AANZ is pleased to be able to bring David Chen – Co-founder, AngelVest to ABAF to share his insights and experience at ABAF.
Mr. David Chen is a seasoned business leader and entrepreneur with over 20 years of global experience focusing on investments, operations, and business development in China and the United States. He has led and participated in M&A transactions valued at over US $7 billion and has deep investment experience in China and the US.
A co-founder of AngelVest, an investment interest group helping individual angel investors identify and invest in compelling early stage companies in China, he has grown the group to be one of the largest angel groups in China. With over 80 members in Beijing, Shanghai, and Hong Kong they have funded over 35 companies.
Entrepreneurs typically seek to raise from $US100-$500K from AngelVest and enjoy the benefits of continued interaction and mentorship by its strong group of angel investors. They provide hands-on execution support to help companies achieve their strategic and operating goals.
Unlike the United States and other developed countries, there are few, if any institutionalised angel groups in China today. AngelVest is the leading the industry in China with presences mainly in Shanghai, Beijing, Hong Kong and Singapore.
Increasingly, AngelVest is actively pursuing middle-market cross-border investment opportunities between China and Europe/USA while capturing the growth opportunities in China.
Mr. Chen is originally from New York and has been living in Shanghai for the last eight years. He started as an Engineer with a BS in Electrical Engineering from the University of Rochester and MBA from Harvard Business School, as well as studying Chinese at Peking University.
He came to Angel investing through his experience as a founder and manager of technology start-ups (as lead on strategy, operations, finance), his work with large institutions (including Salomon Brothers, Advanced Micro Devices, Honda Motor) and specialty boutique investment banks, where he helped a number of clients pursue and complete cross-border M&A (particularly China inbound) and financing transactions.
Mr Chen is a highly sort after thought-leader, particularly on the subject of cross-border investments. He has presented at the APEC Accelerator leadership summit, is a member of the Harvard Business School Business Angels alumni dedicating time and commitment to providing investor expertise as a judge in the HBS New Ventures Competition for the “best investment” category.
You can follow Mr Chen’s activities on twitter @
To meet and hear from Mr Chen in person, along with a host of angels from New Zealand’s angel investment community and the world make your New Zealand connection and secure your seat now at one the southern hemisphere’s largest international exclusive investor events Asian Business Angels Forum, Queenstown, New Zealand, October 14-15 2015.
Meet the speakers #ABAF15NZ – Jonathan Medved
A key feature of the 2015 Asian Business Angel Forum is its international focus. The forum, brought to New Zealand by the AANZ, runs from 14-16 October and has attracted leading early-stage investors from over a dozen countries.
Among a stellar group of thought-leaders the AANZ is pleased to welcome Jonathan Medved, founder of OurCrowd, an equity crowd-funding platform based in Jerusalem, Israel. He will share his thoughts on ‘thinking, acting and investing globally’ and how to build the culture needed for startups to flourish.
Jon grew up in San Diego, went to Berkeley University, and first visited Israel when he was 24 . Since then he has been part of the energy making Israel the 3rd largest source of startups after north America and China.
Israel has attracted over 300 multinational R&D centres which provide a ‘built-in exit mechanism’ for Israeli startups to be acquired by American technology companies. Israel has been described in Forbes as the world’s outsourced R&D lab for big companies.
Named as one of the top 10 most influential Americans who have impacted Israel (NY Times Supplement “Israel at 60”) and “one of Israel’s leading high tech venture capitalists” (Washington Post) Jon, through his most recent venture, OurCrowd, has funnelled $120 million in investments into 67 startups since 2013.
An investor himself, serial entrepreneur and experienced director, Jon has been part of the founding teams in several successful Israeli startups which now have valuations in excess of $100 Million. He currently has over 30 companies in his personal angel investor portfolio.
In a report from the Jewish Journal taken from a presentation at Cross Campus, a shared work space in Santa Monica Jon describes OurCrowd as an “equity-based crowdfunding platform that allows accredited investors to put as little as $10,000 into a select number of approved and vetted Israeli startups, all of which need cash to grow and stay afloat, until business operations kick into full gear”. Through OurCrowd he says investors are “able to take the best of venture capital — the professionalism, the diligence, the protection you get — and combine it with the fun, and discretion, and the freedom, and the low entry price of being an ‘angel’ [who invests after falling in love with a company]”.
Jon is a sort after TV commentator on CNN, CNBC, Bloomberg TV and speaks regularly to groups both in Israel and abroad. He has briefed scores of journalists, business leaders and public officials – including New Zealanders – on Israel’s tech miracle, travelling from his home in Jerusalem where he lives with his wife Jane, his four children and three grandchildren to all corners of the globe to do so.
In this video from Kauffman foundation he talks about the special elements of the Israeli ecosystem and suggests looking past macro-economics and support the heart of startup success – the culture that needs to exist to support early-stage growth. A culture that sustains, encourages and allows people to take the entrepreneurial leap and create new value and new companies. Included in this culture, he says, is the requirement for risk tolerance, the importance of access and the intent of all parts of a country to support and structure the ecosystem in which angels and venture capitalists exist.
Follow Jonathan on Twitter and meet him in person, along with a host of angels from New Zealand’s angel investment community and the world by securing your seat now at one the southern hemisphere’s largest exclusive angel investor events Asian Business Angels Forum, Queenstown, New Zealand, October 14-15.
Meet the speakers #ABAF15NZ – Bill Payne
A key feature of the 2015 Asian Business Angel Forum is its international focus. The forum, bought to New Zealand by the AANZ, runs 14-16 October and has attracted leading early-stage investors from over a dozen countries.
Among a stellar group of thought-leaders the AANZ is pleased to welcome Bill Payne. A genuine rock star of angel investment. Bill is internationally recognized as one of the most senior and experienced experts in angel investment. He is an engineer, entrepreneur, angel investor and educator.
For over three decades, Bill has successfully founded and invested in over 50 start-up companies, including Solid State Dielectrics, Inc., an electronic materials company he founded in 1971 and sold to E. I. DuPont in 1982.
Bill has delivered over 120 man-years of service on private company and non-profit boards of directors and has served as an Entrepreneur-in-Residence to;
He has served on the founding committee of the Angel Capital Association (US), on six university advisory boards and as a founding organizer and member of four angel groups in the US
In addition to facilitating over 100 workshops and seminars on angel investing in six countries Bill has been recognized by his angel investing peers and honored with the following awards:
From 1995 to 2007 in his role with as an Entrepreneur-in-Residence with the Kauffman Foundation (Kansas City), he worked on educational programs for entrepreneurs and their investors, including eVenturing.com and the Power of Angel Investing seminar series. While with Kauffman, he was also actively engaged in the formation and startup of the Angel Capital Education Foundation (now the Angel Resource Institute) and the Angel Capital Association.
For five months in 2010, Bill served as the BNZ University of Auckland Entrepreneur-in-Residence in New Zealand. During this service, he delivered 20 seminars, 45 public lectures and mentored 75 entrepreneurs. The ICEHOUSE chief executive Andy Hamilton said, “We were fortunate to have had Bill here working so closely with businesses and angel groups around New Zealand. His guidance will have a positive effect on the start-up and investment community for a long time.”
Bill graduated with BS and MS degrees in Ceramic Engineering from the University of Illinois, where he has served on the Dean’s Board of Visitors of the College of Engineering. His eBook, the Definitive Guide to Raising Money from Angels is available on his website at www.billpayne.com. He and his wife Ann are residents of Henderson, Nevada and Whitefish, Montana.
You can meet Bill in person, along with a host of angels from New Zealand’s angel investment community and the world by securing your seat now at one the southern hemisphere’s largest international exclusive angel investor events Asian Business Angels Forum, Queenstown, New Zealand, October 14-15.