EP 48: How Alex Pattis Raised $75M in 300 Deals by Launching a Syndicate

In this episode, we're sitting down with Alex Pattis, general partner at Riverside Ventures and author of the newsletter "Last Money In". Alex shares his journey from sales director to launching a syndicate that has completed over 300 deals and deployed $75 million in capital. Alex provides valuable insights into how syndicates operate, their advantages for both founders and investors, and the common pitfalls to avoid. He also discusses the current trends in the syndicate market and offers advice for founders considering working with syndicates. Here's what you're in for: 00: 00 - Intro 04:53 - Demystifying syndicates: Understanding LPs and SPVs 07:54 - The value of syndicates for founders 14:11 - The importance of transparency in the syndicate process 18:37 - Current trends in the syndicate market 32:36 - Common mistakes in the syndicate market 38:01 - Strategic fundraising with Special Purpose Vehicles (SPVs) 47:19 - Outro This episode is sponsored by ThunderVC, an investment bank for founders by founders. Raising capital? Get a list of vetted VCs for FREE here: https://web.thunder.vc/list-of-investors-vcs-for-founders  Raising debt? Find the perfect lender in minutes here: https://debt.thunder.vc Get the latest fundraising insights, news, and tips - https://join.thunder.vc ABOUT ALEX PATTIS Alex Pattis is a seasoned entrepreneur and investor with a diverse background in both operations and venture capital. He is currently a co-founder of Last Money In Media, producing the most actionable VC newsletter focused on explaining Special Purpose Vehicles within the  Venture Capital ecosystem. He is also a General Partner at Riverside Ventures, an early-stage venture capital firm investing in high-growth technology companies. To date, they have deployed over $70 million. Alex's operating background includes nearly a decade of scaling early-stage startups, focusing on growth and commercial strategy. In venture capital, Alex has invested in over 250 companies as a General Partner at Riverside Ventures. He is passionate about supporting entrepreneurs in the early stages of their businesses. His experience spans both operational and investment roles, giving him a unique perspective on the startup ecosystem. Connect with Alex Pattis on: Linkedin: https://www.linkedin.com/in/alex-pattis-1709011a/ Newsletter: https://lastmoneyin.co/ ABOUT FUNDRAISING DEMYSTIFIED Our goal is simple: to equip you with the knowledge, inspiration, and guidance to navigate the labyrinthine world of fundraising. Whether you're a budding entrepreneur seeking seed funding or an established founder looking to scale your business, this podcast will provide you with the tools you need to conquer the fundraising landscape. Thank you for being a loyal subscriber to Fundraising Demystified. We appreciate your support and are excited to continue bringing you more inspiring stories from successful founders. ABOUT JASON Jason Kirby is the co-founder of Thunder VC. He is a serial entrepreneur with 4 multi-million exits and decades of experience in fundraising and business building. He has coached hundreds of entrepreneurs in his career on fundraising, investing, capital strategy, and business development. You can reach out to Jason through: Email: [email protected] LinkedIn: https://www.linkedin.com/in/jasonrkirby/