The Syndicate.com

• The All-In Syndicate Deals are selected by three members of the All-In Podcast (Chamath Palihapitiya, David Friedberg, and Jason Calacanis)
• Receive deal memos in your inbox
• Attend webinars with the founders
• Decide if you want to invest
• Our team reviews your company and will be in touch within 24 hours
• If we invest, your deal will be shared with our members
• Send updates to investors and use them as a resource Deal flow and convenience The lead takes care of finding startups, negotiating deal terms, performing due diligence, writing a deal memo, hosting a webinar, and advising the 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

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

There is no cost to be part of The Syndicate, but if you choose to participate in a deal the setup and diligence fee per deal is approximately $15k, depending on the amount raised 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 Fee structures for 2022 include: Preparation and management by LAUNCH: $5,000,000 1 and up = $15,000 and variable fees for wire and blue sky filing Minimums range from $2,000 - $15,000 per deal, largely dependent upon the size of the allocation On average, the minimum is $4,000

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 SPV

“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

The goal is to send one deal/week

Yes, you may participate as a foreign investor as long as you meet the U S SEC accreditation requirements

No, we currently send all deal memos via email

One line item on your cap table for up to 249 investors That's a lot of super fans and collective brainpower It's also a great alternative to VC if you're operating in a non-traditional category

There is no cost to pitch to the Syndicate (please don't ever pay to pitch!) Should you successfully raise funds from The Syndicate, the investors in the SPV will pay for fees on a pro rata basis per investment

We review applications on a rolling basis If we believe there is a fit, we will email you to schedule a 20-minute pitch over Zoom

Our team will begin diligence and you'll pitch to the Syndicate We work closely with you throughout this process

On average, 3-5 weeks

Due to privacy, we cannot release the names of the investors in our syndicate

We create an email list (mail group) of the investors who opt into your deal and ask you to send updates to that group