We are a group of accredited investors led by Jason Calacanis that invests in world-class consumer subscription founders.
What Is The Consumer Subscription Syndicate?
Previous Investments Include: LOGOS?
Investors Frequently Asked Questions
The Consumer Subscription Syndicate is an investment syndicate that invests in tech startups lead by Jason Calacanis. The Consumer Subscription Syndicate connects accredited investors with opportunities to invest in AND connects founders with interested investors!
ADD VIDEO OF JASON EXPLAINING?
What is the benefit of a syndicate?
Deal flow. The lead also takes care of negotiating deal terms, performing due diligence, writing a deal memo, hosting a webinar and advising the SPV.
What’s an SPV?
SPV stands for Special Purpose Vehicle. We create a new SPV for each deal with the exception of some pro rata deals. The structure of the SPV is an LLC.
If I choose to invest will my name be on the company’s Cap Table?
No. As a syndicate backer you are investing in membership units of the special purpose vehicle, the SPV invests in the company on behalf of its members.
What is the Set-Up Fee?
There is no cost to be part of The Consumer Subscription Syndicate but if you choose to participate in a deal the setup fee per deal is approximately $15k and covers the creation and management of the SPV, Blue Sky filing fees, a due diligence fee, and wire fees. This fee is split on a pro-rated basis among the investors who opt into the deal.
What is the minimum amount I can invest?
Minimums range from $1,000 - $15,000 per deal, largely dependent upon the size of the allocation.
Is it mandatory to invest in pro rata?
We will always offer pro rata but you are not obligated to participate. You will never be responsible for more than your initial subscription (investment) amount in The Consumer Subscription Syndicate.
What is carry?
“Carry” is short for carried interest which is a share of the profits. Carry for The Consumer Subscription Syndicate is 20%. Carry is paid to the lead for negotiating deal terms, performing due diligence, writing a deal memo, hosting a webinar, and advising the SPV.
Can you give me an idea of how many deals I should expect to see from The Consumer Subscription Syndicate each month?
The goal is to send at least one deal/week.
Can I participate as a foreign resident?
Yes, you may participate as a foreign investor as long as you meet the U.S. SEC accreditation requirements.
Is there a portal I can log into to see previous deals?
No, we currently send all deal memos via email.
Learn more about LAUNCH