Sharing Angel Experiences
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Sharing Angel Experiences

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Sharing Angel Experiences




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Presentation on theme: "Sharing Angel Experiences"— Presentation transcript:

Slide1

Sharing Angel Experiences

in New Zealand

Slide2

Bill PayneEntrepreneur, Angel Investor, Educator

Engineer/manager for Fortune 1000 – 10 years

Built and sold a materials science company

to E. I. DuPont

Invested in >50 startup companies in 30 years

Entrepreneur-in-Residence

for

Kauffman Foundation for 12 years

Delivered over 100 workshops on angel

investing in 35 states and 7 countries

Slide3

Agenda2010 Visit to New Zealand

Introduction

Sponsors

Activities

Outcomes

Cost

Summary

Slide4

Introduction

Slide5

“I applaud this type of initiative. It creates bridges of knowledge and trust – two critical criteria for successful angel investing both for the investors and the entrepreneurs. I recommend we use this experience as a guide to repeat it around the world.”

Brigitte Baumann

President EBAN

Slide6

 

United Kingdom

New Zealand

Land Area

242,900 km2

270,464 km2

Coastline

12,429 km

15,134 km

Population

62 million

4.4 million

Length

700 km

1400 km

Proximity to

equator

London

5700 km

Auckland

4100 km

Slide7

Building Relationships

Met key players in 2004 in SydneyStrengthened relationships at international angel meetingsWas invited to NZ to deliver seminars in 2006 and 2008Was invited to return to NZ in 2010 with my wife for five months of work and playReturned to NZ in 2011 for five weeks

www.billpayne.com

Slide8

Objectives

Assess

the

Kiwi entrepreneurial landscape

B

roaden

awareness of angel investing and the importance of entrepreneurship in NZ

Provide investor-readiness education

Deliver investor education to new angels

M

entor

Kiwi angel groups on

best practices

deal flow management

group operations

Slide9

Overview

28February through 2July 2010Visited 12 towns and cities in 5 monthsMentored startup entrepreneursDelivered public lecturesInterviewed by the pressLead best practice meetings of angelsDelivered angel/entrepreneur seminars

www.billpayne.com

Slide10

Slide11

Sponsors

A Public-Private Partnership

Slide12

Lead Sponsors

www.billpayne.com

Andy Hamilton – CEO, ICEHOUSE

Principal Organizer

Bank of New Zealand

Andrew

Thorburn, CEO

Principal Sponsor

Slide13

Public Sector Sponsors

University of Auckland

M

ajor university of NZ

NZ Venture Investment Fund

Govt. Co-investment

Modeled after LINC

Public R&D Funding AgencySupported two interns

Link Kiwi companies to

International investors

Slide14

Private Sector Sponsors

Very supportive of entrepreneurial support system in New Zealand

Private sector airline

Significantly reduced fares

New rental car company

Graduate of ICEHOUSE incubator

Slide15

Activities

Slide16

www.billpayne.com

Activities in New Zealand

Slide17

Kiwi Media Coverage

Slide18

New Zealand Landscape

9 business incubators

6 with affiliated angel groups

17 angel groups

7 angel funds

10 angel networks

New Zealand Venture Investment Funds

Invest in NZ venture capital funds

Co-invest with angel groups

Slide19

Angel Deals

Slide20

Slide21

Slide22

Slide23

Outcomes

Slide24

Slide25

Franceska Banga, CEONew Zealand Venture Investment Fund

“The New Zealand entrepreneurial ecosystem, including Universities, Incubators, Seed Funds, Angel Networks and the entrepreneurs are five years ahead of where they would have been after Bill’s visit.”

July 2010

Slide26

Andy Hamilton, ChairmanAngel Association of New Zealand and the ICE Angels

“We don’t yet have such great angels in NZ, so we asked Bill and

Ann come and live with us for a

while.

The rest is history;

His openness, friendliness and willingness to contribute, Bill

has taken our industry forward, a long way forward

.” July 2010

Slide27

Phil McCaw, Incoming ChairmanAngel Association of New Zealand

P

resenting Bill with the 2010 NZ ArchAngel Award

"

Bill has been helping the development of the NZ Angel scene extensively.

During his five

month stay

he

had a dramatic impact on raising the profile of angel investment, assisting angels groups and providing

one- on-one

mentoring to a huge number of NZ entrepreneurs

.“ November 2010

Slide28

Costs

Slide29

Costs(90 working days)

Business travel to New Zealand

Business and travel expenses within NZ

Living expenses for five months

Modest one-time honorarium to cover ongoing costs in the US

No consulting or speaking fees

Slide30

Summary

Valuable outcomes for New Zealand

Extraordinary experience for us

Would go again in a heartbeat

(returned for five weeks in 2011)