Academy Investor Network

Who can receive investment?

Veteran-led startups where a veteran owns greater than 10% equity Any civilian-led startups in the GovTech/Defense Tech space

Please note that veteran-led startups can be in any space, they do not have to be in the GovTech/DefenseTech space

How do you join the platform as an investor?

You need a referral from two fellow Service Academy graduates

Does it cost money to be a part of the syndicate?

No, participation in the syndicate is free The only requirement is that you are a Service Academy graduate You must be referred by two syndicate members to be accepted into the syndicate

Are there any fees associated with investing?

Yes, we expect to share syndicate fees amongst our participating syndicate members Filing fees range from $5K - $10K per investment We will share these among all syndicate members Our mission is to keep these fees as low as possible

Will we receive Pro Rata Rights?

When an AIN SPV invests, we will use commercially reasonable efforts to obtain Pro Rata Rights to invest in future rounds for the SPV

However, all SPV participants must waive their right to participate in such future rounds and allow AIN management to determine how best to utilize those rights This is not to say that, where feasible, we would not allow SPV participants to participate in such future rounds, but rather, than we need maximum flexibility as we launch our platform

As a syndicate member do you have to invest in every deal?

No, you can invest in deals on a case-by-case basis

As a syndicate member can I see every deal?

Yes, you can see every deal You must request access within a specific time frame to see a deal

If you are granted access to the deal room, we ask that you are professional in the diligence process

What are the risks of participating in investments? Potential investors should be aware that an investment in AIN Management involves a high degree of risk There can be no assurance that AIN Management’s investment objectives will be achieved, or that an investor will receive a return of its capital Potential investors should consider, among other things, the factors set forth below in determining whether an investment in AIN Management is a suitable investment

Risk Inherent in Venture Capital Investments The types of investments that the AIN Management anticipates making involve a high degree of risk

Management may not have opportunities to make suitable investments The AIN Management may be unable to identify Securities complement its strategy even if it identifies appropriate opportunities, Management may be unable to obtain maximum value for its investment interests The AIN Management intends to hold positions in non-public companies which are generally illiquid investments The realizable value of the AIN Management’s interests may ultimately prove to be lower than the carrying value reflected on its financial statements

Competition The AIN Management expects to encounter competition from other entities having similar investment objectives

Success could be impaired by valuations placed on companies in the target industries by the financial marketplace Securities markets, in general, and technology-based stocks, in particular, have experienced periods of significant volatility General economic conditions General economic conditions may affect the activities of the AIN Management Interest rates, the price of marketable securities and participation by other investors in the financial markets may also affect the value of securities purchased by the AIN Management or considered for purchase Potential investors should realize that the AIN Management may not make distributions due to general economic conditions, illiquidity of portfolio investments, contractual prohibitions, or other reasons mentioned above

Nature of private investments Investment in the AIN Management requires a long-term commitment, with no certainty of return

Illiquidity of investment Investment in private companies involves extreme business and financial risks and can result in substantial or total loss Investment in the AIN Management requires the financial ability and willingness to accept significant risks of illiquidity

Importance of key management The success of the AIN Management will depend on the ability of management

Lack of operating history Although the managers of the General Partner and the Management Company have prior experience relating to the financing of companies and in investments similar to those to be made by the AIN Management, the AIN Management itself has no operating history