What is The Syndicate?

The Syndicate is an investment syndicate that invests in tech startups lead by Jason Calacanis. The Syndicate connects accredited investors with opportunities to invest in AND connects founders with interested investors!

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?

The setup fee is ~$15k and covers the creation and management of the SPV, Blue Sky filing fees, a due diligence fee, and wire fees. This is a one time fee.

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.

What is carry?

“Carry” is short for carried interest which is a share of the profits. Carry for The 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 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.