How do NEW Angel investors know how to really help entrepreneurs?
View from the other side:
Delegates to this year’s Angel Association Summit, Auckland, 16-17 October, will have the opportunity to formulate some answers to this question. The comprehensive Summit programme, full of crucial information for Angels to apply in their investment activities, gives Angels a rare opportunity to “walk in the founder’s shoes”.
During the session on day two they will gain some understanding of “the other side of the deal” from three of New Zealand’s brightest founders. Marie-Claire Andrews from ShowGizmo, Paul Cameron from Booktrack, and most recent investee Rachel Lacy from Drikolor will tell their investment story. They will explain what they loved and loathed about the process and the changes it’s meant for them and their businesses.
In part two of the session John Huston, special guest and keynote speaker at the Summit will lead a discussion around founder-friendly vs investor-friendly term sheets, the role of angel investors in explaining deal terms, setting expectations, aligning for exit and follow-on funding.
The session, conceived by Robbie Paul, Startup Funding Manager from Ice Angels and Suse Reynolds, Executive Director, Angel Association of New Zealand gives an opportunity to understand from the entrepreneurs perspective, what executing for success might look like.
An important addition to the Angel Association Summit’s two day networking, intel and insights experience. This is the first in a series of initiatives with the aim to improve founder/investor relationships and communication.
A critical element of the Angel Association of New Zealand’s work is to increase the quality and quantity of early-stage deals the majority of which require close collaboration including shared understanding and language in order to set the right milestones, deal with missed and unexpected opportunities.