Dave Moskovitz named NZ Arch Angel 2018

One of New Zealand’s true champions of kiwi start-ups and angel investment, Dave Moskovitz, was awarded the Angel Association New Zealand’s (AANZ) Arch Angel Award at the 11th Anniversary NZ Angel Summit in Blenheim.

The Arch Angel Award is the highest honour in New Zealand’s angel investment community, and recognises individuals who reflect the qualities of the best angel investors and who are champions for the endeavour.

The award recognises the significant amount of time and money angels contribute to startups and early-stage companies – and specifically to their founders and teams – to help them reach their potential while also recognising angels who make a significant difference to New Zealand’s start-up ecosystem. The recipient is chosen by the previous years’ winners.

Dave has been investing in early-stage companies for a decade and been an investor director for a number of the ventures he has backed including ShowGizmo, The Appreciation Engine and Jaipuna. Most notably he was at the helm of peer-review publishing platform, Publons as Chair when that venture exited to UK-based Clarivate Analytics last year.

Dave has held governance roles with Wellington-based AngelHQ and was one of the founding fathers of New Zealand Start-up Weekends. He has mentored for 9 accelerator programmes helping dozens of ventures to secure funding and grow their businesses. Dave is an active member of InternetNZ, a member of the council of Open Polytech and was recently appointed to the Ministerial Advisory Group for Digital Economy and Digital Inclusion. He is also New Zealand’s representative to the Global Business Angel Network.

Former Arch Angel winner, Andy Hamilton, says one of the hallmarks of Dave’s work has been the importance he places on the role of empathy in business success.

“Dave takes a very genuine interest in supporting not just the success of the founders he backs, but also their wellbeing,” he said, noting that being a founder can be a very personally challenging role.

2012 winner, Movac’s Phil McCaw, who has worked with Dave over the years in the Wellington start-up and early stage investment scene, said Dave’s contribution to angel investment and start-ups in New Zealand is significant.

“Dave has freely given up countless weekends and evenings to work with people from all kinds of backgrounds who want to create new businesses. Making a difference and leaving the world better than he found it are integral components of Dave’s purpose. In investing in a number of these start-ups, he follows through very tangibly to deliver on that purpose.”

Speaking earlier in the year to Simon Morton on Radio New Zealand, Dave spoke with deep and personal insight about how successful angels and founders recycle skills and capital generating a virtuous cycle of further start-ups and cutting-edge roles in disruptive industries. He also spoke enthusiastically about the role start-up methodology could play improving the delivery of government services.

Dave received his award at the 11th Anniversary NZ Angel Summit, held at Marlborough Vintners in Blenheim and attended by 150 delegates. The annual event provides a hub for angels to learn and network, and is recognised as one of the world’s top angel events.

American born, Dave came to New Zealand over 25 years ago. He attended the University of California, Berkeley where he majored in computer science. He is one of three migrants to win the Arch Angel Award.

Former Arch Angel winners include The Warehouse founder and long-time angel investor Stephen Tindall; Andy Hamilton, chief executive of The Icehouse and member of IceAngels; US super angel Bill Payne; veteran angel investor Dr Ray Thomson; prolific AngelHQ member, Trevor Dickinson, former AANZ Chair, Marcel van den Assum and ardent angel investor, Debra Hall.

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Debra Hall named New Zealand Arch Angel 2017

One of New Zealand’s most ardent angel investors, Debra Hall, has been awarded the Angel Association of New Zealand’s (AANZ) prestigious Arch Angel Award at the 10th Anniversary NZ Angel Summit on Waiheke Island.

The Arch Angel Award is the highest honour in New Zealand’s angel investment community, and recognises individuals who reflect the qualities of the best angel investors and who are champions for the endeavour.

The award recognises the significant amount of time and money angels contribute to startups and early-stage companies – and specifically to their founders and teams – to help them reach their potential while also recognising angels who make a significant difference to New Zealand’s startup ecosystem

Debra has made many investments in early-stage companies and been an investor director for a number of these ventures. She has held governance roles with Auckland-based IceAngels, the Angel Association itself and is currently an Advisory Board member for the first Chinese founded angel investment group, Zino Ventures. In 2015 Debra received IceAngels “William H Payne, Active Angel Award”.

AANZ Chair and 2015 Arch Angel recipient, Marcel van den Assum, says Debra imbues all the qualities of a top-notch angel.

“She is not only an active investor, contributing money and the deep expertise she has from scaling and selling her own market research company, but Debra also genuinely cares about the founders she backs, providing personal and practical advice which is a vital part of the more holistic role angel investors play,” he said.

Marcel, who worked with Debra during her time on the AANZ Council, said her contribution to the angel investment in New Zealand is marked.

“The passion and energy she brings is extraordinary, whether it’s developing and delivering a specialised course for aspiring directors of angel-backed companies, or on the boards of companies she’s backed, advising entrepreneurs, making deals happen by bringing people together or cajoling and gathering data on our community, Debra has made a very real impact and lifted the professionalism, profile and reputation of angel investment in New Zealand.”

Andy Hamilton, recipient of the 2011 award, has known Debra since she began angel investing in 2007 and said she had been a dedicated and invaluable member of IceAngels, renowned not just for her deal making capability but also for the lively dinners she and her husband Peter have hosted over the years for dozens of international visitors.

Interviewed in Startup Young Company Finance Report’s October 2016 edition, Debra noted that she and Peter had heard about IceAngels through a connection who knew Andy Hamilton and subsequently received an introduction to the group.

“In those days, from the outside, it looked to me like a secret society,” Debra said. She subsequently discovered that wasn’t the case – “all angels are very welcoming of new members and in fact eager to get new angels on board,” she said.

“Peter and I invest together and we only invest in companies we both agree on. We’ve taken small and big investments across a diverse range of companies – from technical manufacturing, to biotech, to software businesses.”

It was in this article that Debra set out why she is so passionate about the role good governance plays in the success of angel-backed companies.

“Governance is often seen as an inconvenience or intrusion by founders, however an effective board is actually critical to their success. With many of these companies, we’re dealing with a team that has never run a business before, so experienced directors are not just bringing classic governance to the table, they’re bringing their contacts, business experience and willingness to take on risks – often for minimal remuneration,” Debra pointed out.

Debra received her award at the 10th Anniversary NZ Angel Summit, held at Cable Bay Winery on Waiheke Island and attended by 150 delegates. The annual event provides a hub for angels to learn and network, and is recognised as one of the world’s top angel events.

South African born, Debra was that country’s first female metallurgical engineer. After immigrating to New Zealand, her career changed tack when she took on a job for a market research company that allowed her to work from home. She found a passion for the sector, leading her to establish the market research company Research Solutions in 1992. It grew into one of the country’s leading market research consultancies, and was sold to global market research giant, Synovate in 2007. She chaired the New Zealand Marketing Association for a number of years.

Former Arch Angel winners also include The Warehouse founder and long-time angel investor Stephen Tindall; Andy Hamilton, chief executive of The Icehouse and member of IceAngels; US super angel Bill Payne; veteran angel investor Dr Ray Thomson; prolific AngelHQ member, Trevor Dickinson and current AANZ Chair, Marcel van den Assum.

–Ends–

For more information, please contact:

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

 

Marcel van den Assum, AANZ chair and 2015 Arch Angel
mob: 021 963 459 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. AANZ currently has 30 members representing over 700 individual angels associated with New Zealand’s key angel networks and funds. Recent NZVIF data revealed angels have invested more than $NZ484m in over 928 deals and 296 companies in the last 10 years. AANZ works closely with NZTE and Callaghan Innovation and a number of private sector partners including NZX, First NZ Capital, PWC, Avid Legal, AJ Park, KiwiNet, Uniservices and Spark Ventures. For more, please visit: www.angelassociation.co.nz

 

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Angel Investment Tracking Well – First Half Year Results

With the Angel Association to hold its 10th Anniversary Summit at the end of the week, first half year results show angels are investing at rates on a par with previous years and that the upwards trajectory of interest in the sector continues.

Reporting on the activity of its members tracked by the NZ Venture Investment Fund, Angel Association Chair Marcel van den Assum said $20.2m dollars was invested in 29 deals in the first six months of the year. Reflecting previous years, the split between new deals and follow-on funding was one third/two thirds.

Mr van den Assum went on to note that typically there is a substantial uplift in activity in the second half of the year.

“The level of deal flow being generated by accelerators such as Wellington’s Lightning Lab, the Manawatu’s Sprout and Auckland’s Flux together with the establishment of new networks this year such as Zino Ventures, Angel Investors Marlborough and Hawkes Bay Angels bodes well for another record year of investment,” said Mr van den Assum.

“When record keeping began in 2006, only 30 deals were done and $21m was invested. Annual investment has now exceeded $50m per annum for the last four years and grown by an average of $5m a year to reach nearly $70m in 2016,” he added.

“A decade into this endeavour it’s pleasing to see three angel-backed ventures deliver returns this year,” said Mr van den Assum.

PowerbyProxi was sold to Apple, Publons to US-based Clarivate and IMeasureU to UK-based Oxford Metrics.

This year’s 10th anniversary angel summit is being held back where it all started in 2007, on Waiheke Island. The focus will be on what is required to build on the success of the last decade which has seen almost $500m invested into nearly 1000 deals. Ten years ago there were just 4 angel networks with about 100 members. Today there are a dozen networks operating from Dunedin to Auckland with over 700 angels contributing capital, connections and expertise to about 100 ventures a year. All this activity has delivered hundreds of jobs and tens of millions of revenue for the country and is now beginning to generate the returns required to ensure the endeavour is sustainable.

–Ends–

For more information, please contact:

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

Marcel van den Assum, AANZ chair and 2015 Arch Angel
mob: 021 963 459 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. AANZ currently has 30 members representing over 700 individual angels associated with New Zealand’s key angel networks and funds. AANZ works closely with NZTE and Callaghan Innovation and a number of private sector partners including NZX, First NZ Capital, PWC, Avid Legal, AJ Park, KiwiNet, Uniservices and Spark Ventures. For more, please visit: www.angelassociation.co.nz

 

New Zealand Venture Investment Fund
The New Zealand Venture Investment Fund invests with venture capital funds and alongside angel investors to support New Zealand technology companies with start-up and growth capital. The NZVIF was established by the New Zealand government in 2002 to build a vibrant early stage investment market in New Zealand. Recent NZVIF data revealed angels have invested more than $NZ484m in over 928 deals and 296 companies in the last 10 years. NZVIF has $245m of funds under management which are invested through two vehicles: the $195m Venture Capital Fund of funds and the $50m Seed Co-investment Fund. All investments are made either through privately managed venture capital funds, or alongside experienced angel investors. For more please visit: www.nzvif.co.nz.

 

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2017 Angel Summit focuses on next 10 years

The tenth Annual New Zealand Angel Summit will be held at Cable Bay Winery – Waiheke Island from 1 – 3 November 2017. It’s theme; “Doubling down on success… the next ten years!”

New Zealand is now decade in to formal angel investing in New Zealand and has amassed some impressive statistics for a nation of our size. Over $500m into nearly 1000 deals in the more formal part of our market. Ten years ago there were 4 clubs and 100 or so angels. Today there are 10 clubs and over 650 angels. All this activity has delivered hundreds of jobs and tens of millions of revenue. It’s this value creation we want to continue to accelerate.

Ten years ago there were 4 clubs and 100 or so angels. Today there are 10 clubs and over 650 angels. All this activity has delivered hundreds of jobs and tens of millions of revenue. It’s this value creation we want to continue to accelerate.

The 10th Annual NZ Angel Summit is being held back where it all started at Cable Bay Winery on Waiheke Island. The choice of the small intimate venue continues the deliberate approach by the Angel Association to ensure it creates the right atmosphere for relaxed and informal conversations between active angel investors. The last two summits have sold out and it unapologetically prioritises attendance for those who are ‘doing deals’.

On the first morning the Summit will celebrate our community of investors and founders and their achievements in the past decade. There is so much to be proud of. The rest of the event will be spent digging into what we need to do to double down on our successes based on stories and insights from New Zealand’s heroes. International speakers, carefully vetted for their ability to both understand New Zealand’s unique circumstances and our aspiration for outcomes and success are flying in to present.

Showcasing Angel Investor Backed Ventures

The Showcase event which kicks off the event will include up to 10 venture in three tiers; seed, first formal round, last raise with a clear exit path. Each group of ventures will be introduced by an experienced angel investor who will talk about the investment opportunity, the return profile, valuations and potential acquirers.

New Zealand Investor Keynotes

Key Note sessions will include deep insight into what we can be proud of and what’s next. Stalwart investors will share memories of getting started – what was their vision and what inspired them, their challenges and what we need to do in the next decade to ensure value is delivered. These sessions will explore why our environment looked as it did 10 years ago, how far we’ve come and how we build on what we’ve created and set the vision for the next 10 years.

International Angel Investors

International special guests include Justin Milano (Good Startups, San Francisco, USA) who will explore the role of fear in the early-stage space. A veteran of Silicon Valley, Mr Milano has worked with angels and entrepreneurs to use cutting edge psychology and neuroscience, including emotional intelligence skills to help entrepreneurs and angels create break-throughs and unlock potential. Ron Wiessman (Band of Angels, San Francisco, US) will deliver a dose of reality exploring the critical the role of capital strategy and how tough it can be to source and entice an acquirers.

Actionable Insights

The extensive programme includes gritty content which covers; building strategic value, actively managing your portfolio for returns, Government’s role – identifying the right policy levers, the role of NZ corporate venture, and deep dives into term sheets – how have they have evolved and what role do they play in venture success lead by AANZ Expert Partner, Avid Legal’s Bruno Bordignon. Insight into which industries and technologies are going to irrevocably disrupt markets in the coming decades and make the best investment opportunities round out the valuable programme.

Finally, the event will also include the presentation of Arch Angel Award and two inaugural awards “Contribution to the industry” and “Lead angel and best venture award” – celebrating a great angel/founder collaboration.

To book your seat (preference is given to active angel investors) click here.

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Hawkes Bay Angel Summit deemed a success for national and international attendees

The Angel Association of New Zealand’s annual Angel Summit in Hawke’s Bay last week was “brilliant” in every way, says executive director Suse Reynolds.
“The weather was gorgeous, the food was gorgeous and the people were wonderful,” she said.
She said it was a very productive two days for the 120 delegates, with some of the key issues being collaboration, the importance of New Zealand Inc and balancing investment with return – the conflicting need for return on investment with wider economic/social goals.
She said the Black Barn venue helped foster good relations between attendees.
“Business is all about people and it is important to build the foundations of trust.”
Angels flew in from throughout New Zealand and overseas.
“The New Zealand Angel Summit has a reputation for being the world’s best angel conference destination. Last year when we had it in Queenstown we had 50 international visitors from a dozen different countries. We didn’t quite manage it this time around because last year’s was the Asian business angels forum and this year we were back to our New Zealand Angel Summit, but we still had Australian’s Chinese, Americans, Canadians and one Skyped-in from Zurich.”
Summit activities included an address from Economic Development Minister Steven Joyce, a visit to Rockit Apples’ packing shed and a dozen investment-related presentations.
One of New Zealand’s most prolific angel investors, Trevor Dickinson, was awarded the prestigious Arch Angel Award in Hawke’s Bay, which recognises individuals who have “steadfastly championed the cause of angel investment and investors”.
He has made more than 50 investments in early-stage and startup companies – the vast majority of which are angel-backed firms from throughout the country. He is on the board of Wellington-based angel investor network Angel HQ, and received the organisation’s first lifetime membership based on the value of his investments made through the group.
Angel HQ manager Dave Allison said his contribution to the angel investment community was marked.
“The energy and enthusiasm he brings is extraordinary, whether it’s on the boards of companies, or advising entrepreneurs, or making deals happen by bringing people together,” he said.
The English-born former geologist worked in the UK oil and gas industry before mortgaging his house to develop state-of-the-art measurement-while-drilling technology.
GeoLink success allowed him to retire to New Zealand where he was a founding investor in startups including Lightning Lab, Wipster, HydroWorks, Nyriad, Cloud Cannon, 8i, Flick Electric and Times-7.
Former Arch Angel winners also include The Warehouse founder and long-time angel investor Sir Stephen Tindall and Andy Hamilton, chief executive of Auckland-based incubator and business educator The Icehouse.
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Simon Brown: Entrepreneurs and investors descend on Hawke’s Bay

For two days last week the Black Barn Winery in Havelock North was the focus of the world’s venture capital and angel investor communities.
Entrepreneurs and investors from New Zealand, Canada, North America, China and Europe spent last Thursday and Friday at the 2016 NZ Angel Summit discussing investment strategies, sharing their expertise and creating opportunities for innovative Kiwi start-ups in need of early stage finance.
These were some of the most successful investors in their field. People like North American business and equity finance consultant Ross Finlay, who has come to New Zealand with the support of Callaghan Innovation to help local businesses understand what Angel Investors expect from them, to show them how to establish relevant relationships and introduce them to North American and NZ Angel networks.
Ross has secured 35 Angel investment deals in recent years and has assisted in the development and review of countless business plans for start-up companies.
He has extensive networks within the world of international finance and he knows how to leverage them for the greater economic good.
Hawkes Bay’s stunning environment was a bonus for local and international financial high flyers like Ross but they weren’t here primarily for the scenery. These were all seasoned and experienced business people who have made their money in a range of sectors.
Naturally, they’re looking for a return on their investment but they’re also motivated by a desire to help others with the same drive and ambition they have and, crucially, to do their bit to grow the New Zealand economy.
Government ministers and officials, colleagues from Callaghan Innovation and the nationally located business incubators also attended the summit.
They came away with re-enforced enthusiasm and confirmation of the optimism and dynamic evolution in this fast growing sector of our economy.
Last financial year was a record breaker in terms of deals made with Kiwi start-ups and dollars invested.
Deals worth a total of $61.2 million provided 92 creative and passionate New Zealand entrepreneurs with the kick start they needed to get their great idea off the ground. In addition to this investment, Callaghan Innovation supported 152 start-ups through incubators.
That’s an unprecedented deal flow and a strong indication that NZTE’s Investment Showcase events and Callaghan Innovation’s incubation funding and accelerator programmes are bearing fruit.
New Angel regional networks are forming. Syndicated Angel funds are proliferating and long standing networks are experiencing a surge of interest. Wellington’s Angel HQ, for example, has gained 30 new members in just the last six months.
Increasingly businesses are successfully exiting the start-up phase of their journey but still face challenges in accessing growth capital and appropriate commercialisation expertise. International capital exists but the New Zealand eco-system is looking at how it can work better together to facilitate the access to it.
We’re doing great but we can do better. Investment in research and development in New Zealand still lags behind OECD countries. Areas like SaaS, FinTech, AgriTech and other areas of the digital sectors are doing well but there are also great ideas brewing in MedTech, BioTech and food and beverage production.
A few of those could well be the disruptive industries we need to take New Zealand and the world into a healthier and wealthier future.
– Simon Brown is general manager accelerator services of Callaghan Innovation

First published – NZ Herald 6 November 2016

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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.

Read more

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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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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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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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Lankan Angel Network chairman thoughts on NZ entrepreneurs and angels

We interviewed Eric Wikramanayake, chaiman of the Lankan Angel Network, at the Asian Business Angels Forum and AANZ Summit 2015.

In this video Eric tells us what he thinks of New Zealand entrepreneurs and angels.

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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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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