Angel Investment

1. An Introduction

2. This slide deck is designed for new and prospective investors to introduce who we are
and what we do.
Interested investors are encouraged to reach out to the team, investors, or
entrepreneurs noted in this presentation to learn more.
Find us on LinkedIn to see how you may be connected.

3. An Introduction
The ICE Angels is a network of successful entrepreneurs, corporate
executives, and professional investors, that invests in and supports
exceptional teams exploiting global opportunities.
Our mission is to connect willing and active investors with high-potential
New Zealand start-ups in order to facilitate their funding and success.
The ICE Angels have invested in more than 75 start-ups including algae
cultivation, smart inhalers, super computing, mobile apps, robotics, virtual
worlds, and even rum.

4. Key Stats
4Positive Exits
$48m
Invested to date
77Investments
$20k
Med. $/member/Rd.
$400k
Avg. $/ company/ round
2004
Yr. established
300
Enquiries / year
10
Meetings/year
130Investors

5. What does the ICE Angels do?
We do much more than simply write cheques and network.
1. We collaborate to support great start-ups.
2. We actively train to become great investors.
3. We bring together the start-up community.
4. We cultivate international relationships.

6. The ICE Angels network is designed to enable passionate investors to
collaboratively identify, review, invest in, and support high potential
start-ups.
The network comes together one evening per month for presentations
by up to 5 start-ups that have been selected by the member-led Deal
Flow Committee.
Investors with common interest in start-ups collaborate on due diligence,
negotiations, and investment (typically $20k/ investor, $450k/company.)
Individuals ultimately make their own investment decisions.
We collaborate to support great start-ups

7. The ICE Angels network hosts dozens of workshops, round tables, and
seminars each year.
Workshops focus on due diligence, board stewardship, start-up
valuation, exit strategies and much more. Round table gatherings
regularly occur to perform post-investment & exit debriefs and share
other relevant insights.
We actively train to be leading investors

8. The ICE Angels has meaningful links with investors in the US, Europe, and
Asia. We actively syndicate with networks in the Valley, NY, Singapore,
Mumbai, and elsewhere.
In addition, we bring international angels to NZ to train local investors
and support start-ups. Recent guests include:
We cultivate international networks
Ian Sobieski
Band of Angels
Dave Berkus
Tech Coast Angels
Dan Rosen
Alliance of Angels

9. The ICE Angels hosts dozens investment and networking events each
year featuring hundreds of start-ups and thousands of investors.
The ICE Angels annual New Zealand Angel Investment Showcase, hosted
in October of each year, features presentations by 15 start-ups to more
than 250 investors.
We bring together the start-up community

10. Who are the ICE Angels members?
The ICE Angels is a network of likeminded individuals that are motivated
to mentor entrepreneurs, give back to the business community, and
enjoy investment returns.
The ICE Angels is managed by a small team and supported by a member-
led Advisory Board and Deal Flow Committee.
75%
45-64 years old
98%
members have invested
87%
Rank the team as #1 in DD
10%
invest with their other half
41%
current/former entrepreneurs
18%
C-level executives

11. Brian Casey
Advisory Board Chair
Kerry McIntosh Alan Gourdie
Andy Hamilton
Icehouse CEO
Ron Halls
The ICE Angels Advisory Board
The member-led Advisory Board is responsible for the ICE Angels’ strategy &
governance. Members are active investors in many of our portfolio
companies.
Robbie Paul
CEO

12. Ross Peat Janine Manning Miles Valentine
Kerry McIntosh
Deal Flow Committee
The member-led Deal Flow Committee is responsible identifying,
screening, and coaching great start-ups.
Mark Kippenberger

13. Robbie Paul
CEO
r.paul@iceangels.co.nz
The Team
Jack McQuire
Network Manager
j.mcquire@iceangels.co.nz
09 308 6222
The ICE Angels team is responsible for engaging with start-ups, supporting
investors, managing investments and the portfolio, and running events &
workshops.

14. New Zealand Angel Investment Showcase
Established by the ICE Angels in 2011, the Showcase is an annual event
featuring presentations by up to 15 leading start-ups to the largest gathering
of angel investors and venture capitalists in New Zealand.
The 2014 Showcase enabled over 100 investors to collectively invest more
than $5m into 11 companies, positioning it as one of the most effective events
of its kind outside of Silicon Valley.

15. The ICE Angels Showcase Funds
The ICE Angels Showcase Funds enable passive investment into a portfolio of the New
Zealand Angel Investment Showcase's most well-supported companies.
The 2013 ICE Angels Showcase Fund 1 invested $500k in 8 companies:
The 2014 ICE Angels Showcase Fund 2 invested $1.12m in 10 companies:
The Showcase Funds seed investors’ positions in great startups, enabling first rights to
participate in future rounds and to receive all ordinary investor communications.

16. The Portfolio
77 Companies | 126 Rounds | $48 Million
Since 2004 the ICE Angels have invested in 77 different companies across a range of
sectors, including software, biotech, gaming, medical devices, consumer products and
B2B products and services.
Our portfolio is continually broadening and developing as the ICE Angels invest in, learn
from and support start-ups with guidance and governance. We have had 4 positive exits
from the portfolio, along with 2 neutral exits, while 9 of our start-ups have failed.
The club leverages its size and members to see the best of New Zealand’s start-up deal
flow and combines this with a rigorous screening process and robust support for
entrepreneurs and investors to enable success.

17. ICE Angels’ Investees

18. Highlights
An enabler for advertisers, agencies and post-production
houses to deliver TV commercials across platforms.
eBUS was acquired in 2013 and provided a 2x return to ICE
Angels.
A mobile-media aggregator company; engaging audiences
on mobile screens delivering unique brand experiences.
Snakk listed on the NZX Media List in 2013 and provided a
2-4x return to ICE Angels.
A producer of scheduling, shift generation, production
planning and routing solutions that create massive savings.
Optima was acquired by a US firm in 2014 and provided a
1.4-1.7x return to ICE Angels.
Greenbutton enables users to access large amounts of
cloud processing power at the push of a button.
Greenbutton was acquired by Microsoft in 2014 and
provided a 3.5–6.8x return to ICE Angels.

19. How To Get Involved
Attend our monthly Investment Evenings
Email Robbie- r.paul@iceangels.co.nz
Attend an introductory lunch hosted by the ICE Angels
Email Robbie- r.paul@iceangels.co.nz
Meet 1 on 1 with an ICE Angels Advisory Board Member
Email Jack- j.mcquire@iceangels.co.nz

20. The Membership Application Process
1. Provide a brief bio or CV
2. Meet with the ICE Angels team
3. Complete a membership application form
4. Meet 1:1 with a member of the Advisory Board
Individual membership is $1,000 per year.

21. Thanks
Robbie Paul – ICE Angels CEO
r.paul@iceangels.co.nz
Jack McQuire - ICE Angels Network Manager
j.mcquire@iceangels.co.nz