Comments : Comments Off on How to score angel investment for startups in New Zealand
Tags : angel investment, christchurch, convertible note, due diligence, equity, investment, scif, startup
Categories : Speeches
I was in Christchurch last night presenting to a group of investors and entrepreneurs hoping to get an angel club off the ground in Canterbury, organised by Ben Reid. I had been asked to present on the angel investment process from a startup entrepreneur’s point of view. Here are my slides:
I’m very excited by the possibilities for Christchurch, and dearly hope that they can get an angel club together to boost their local startup scene, support Cantabrian entrepreneurs, and lay a piece of new, critical infrastructure that will support the post-quake rebuild.
Comments : 6 Comments »
Tags : criteria, hyperstart, kim hill, market, product, radio new zealand, radio nz, rnz, start-up, startup, team, validation, webfund
Categories : Press, Projects
After my stint on Radio New Zealand Saturday Morning with Kim Hill this morning, I was asked to provide a list of the attributes of what I consider to be a good startup.
You can listen to or download the audio:
Here’s my shopping list of criteria for good startups:
b) Clearly articulated market problem description
c) Significant addressable market size
d) Clearly identified market need (for the problem that is being solved)
a) Has both sales and engineering
b) Domain experience
c) Clean capital structure (if any)
d) Track record that demonstrates achievement and integrity
g) 2-3 People
h) Pragmatic approach
a) Web and/or mobile based
c) Addresses significant pain
f) Feeble competition
g) Sound business model
h) Capable of generating revenue quickly
i) Can exploit network effect
j) Novel and/or Freedom to Operate
Thanks to the RNZ team for a great on-air experience!
Keen to take your own idea for a spin? Come along to Startup Weekend in Auckland (15-17 June) or Wellington (27-29 July) – I’ll be there facilitating, and you’ll meet some great people to collaborate with!