How to Start a Syndicate

How to Start a Syndicate In today’s episode we find how one gets into Venture Capital and deep dive into everything about a Syndicate. Some Points Covered in This Episode Include: What is a syndicate, and how is it different from an SPV? What is the appeal of a syndicate? As an investor As a company As a manager How do syndicate managers/operators make money? Syndicates also charge carry - usually 20% in total. Carry is a cut of positive returns generated by the investment. Example: let's say you invest $1000 in a syndicate with 20% carry. If the investment returns $2000, the syndicate would earn $200 in carry. 20% * ($2000 - $1000). https://angel.co/syndicates/for-investors#requirements Who are the most common syndicate leaders? Jason Calcanis Uber Calm Dave Eisenberg Coinbase Warby Parker Tom Williams (from Apple) Layer 6 How do you manage a syndicate? AngelList Assure Attorney/Accountant What does it cost to start a syndicate? AngeList charges a one-time fee of ~$8,000 https://angel.co/syndicates/for-investors#requirements Hidden costs of finding investors What are the SEC/accreditation rules for starting one? Salary of $200k+ Net worth of $1M+ Work in industry https://help.venture.angel.co/hc/en-us/articles/360047682112-What-is-an-accredited-investor- Who should start a syndicate? Who should not start a syndicate? Areas of specialization: Geography Utah-based Industry based Alumni Syndicates Facebook AirBNB Let us know your thoughts on a Syndicate? How do you feel about them? What should we talk about next? Give us a follow and leave us feedback. Follow Peter Harris Twitter: https://twitter.com/thevcstudent LinkedIn: https://www.linkedin.com/in/peterharris1 Instagram: https://instagram.com/shodanpete Youtube: https://youtu.be/Hy9DsuFzTH4 Follow University Growth Fund Website: https://www.ugrowthfund.com/ LinkedIn: https://www.linkedin.com/company/university-growth-fund/ Instagram: https://instagram.com/ugrowthfund Follow Jon Bradshaw LinkedIn: https://www.linkedin.com/in/mrbradshaw/ Instagram: https://www.instagram.com/mrjonbradshaw/ Twitter: https://twitter.com/mrjonbradshaw Youtube: https://youtu.be/spRuy517if0