How to Start a Syndicate

How to Start a SyndicateIn 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 investorAs a companyAs a managerHow 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#requirementsWho are the most common syndicate leaders?Jason CalcanisUberCalmDave EisenbergCoinbaseWarby ParkerTom Williams (from Apple)Layer 6How do you manage a syndicate?AngelListAssureAttorney/AccountantWhat does it cost to start a syndicate?AngeList charges a one-time fee of ~$8,000https://angel.co/syndicates/for-investors#requirementsHidden costs of finding investorsWhat are the SEC/accreditation rules for starting one?Salary of $200k+Net worth of $1M+Work in industryhttps://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:GeographyUtah-basedIndustry basedAlumni SyndicatesFacebookAirBNBLet 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 HarrisTwitter: https://twitter.com/thevcstudentLinkedIn: https://www.linkedin.com/in/peterharris1Instagram: https://instagram.com/shodanpeteYoutube: https://youtu.be/Hy9DsuFzTH4Follow University Growth FundWebsite: https://www.ugrowthfund.com/LinkedIn: https://www.linkedin.com/company/university-growth-fund/Instagram: https://instagram.com/ugrowthfundFollow Jon BradshawLinkedIn: https://www.linkedin.com/in/mrbradshaw/Instagram: https://www.instagram.com/mrjonbradshaw/Twitter: https://twitter.com/mrjonbradshawYoutube: https://youtu.be/spRuy517if0