What am I committing to when I start a syndicate?

There are no requirements to simply start a syndicate. Your commitments begin when you syndicate your first deal. You must typically:

  • Make an investment in each deal
  • Provide an investment thesis for each deal
  • Disclose potential conflicts of interest such as warrants, advisory shares or an investment in a previous round
  • Review and screen potential investors in each deal
  • Sign a side letter making you an independent contractor of the fund’s investment adviser and provide information requested by the fund’s investment adviser
  • Respond to reasonable questions from syndicate investors about their investments

Leads are not required to syndicate every investment they make.

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