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Sharing Angel Experiences in New Zealand. Bill Payne Entrepreneur, 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

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bill payne entrepreneur angel investor educator
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

agenda 2010 visit to new zealand
Agenda2010 Visit to New Zealand
  • Introduction
  • Sponsors
  • Activities
  • Outcomes
  • Cost
  • Summary
slide5

“I applaud this type of initiative. It creates bridges of knowledge and trust – two criticalcriteria 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 BaumannPresident EBAN
building relationships
Building Relationships
  • Met key players in 2004 in Sydney
  • Strengthened relationships at international angel meetings
  • Was invited to NZ to deliver seminars in 2006 and 2008
  • Was invited to return to NZ in 2010 with my wife for five months of work and play
  • Returned to NZ in 2011 for five weeks

www.billpayne.com

objectives
Objectives
  • Assess the Kiwi entrepreneurial landscape
  • Broaden awareness of angel investing and the importance of entrepreneurship in NZ
  • Provide investor-readiness education
  • Deliver investor education to new angels
  • Mentor Kiwi angel groups on best practices
    • deal flow management
    • group operations
overview
Overview
  • 28February through 2July 2010
  • Visited 12 towns and cities in 5 months
  • Mentored startup entrepreneurs
  • Delivered public lectures
  • Interviewed by the press
  • Lead best practice meetings of angels
  • Delivered angel/entrepreneur seminars

www.billpayne.com

slide11
Sponsors

A Public-Private Partnership

lead sponsors
Lead Sponsors

Andy Hamilton – CEO, ICEHOUSE

Principal Organizer

Bank of New Zealand

Andrew Thorburn, CEO

Principal Sponsor

www.billpayne.com

slide13

Public Sector Sponsors

University of Auckland

Major university of NZ

NZ Venture Investment Fund

Govt. Co-investment

Modeled after LINC

Public R&D Funding Agency

Supported 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

slide16

Activities in New Zealand

www.billpayne.com

new zealand landscape
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
franceska banga ceo new zealand venture investment fund
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

andy hamilton chairman angel association of new zealand and the ice angels
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

phil mccaw incoming chairman angel association of new zealand
Phil McCaw, Incoming ChairmanAngel Association of New Zealand

Presenting 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

costs 90 working days
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
summary
Summary
  • Valuable outcomes for New Zealand
  • Extraordinary experience for us
  • Would go again in a heartbeat

(returned for five weeks in 2011)