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Syndicate Funding
Contributor

Sarvagya Verma
Funding
Funding Angel Investors
Angel Investors Syndicate
Syndicate
Thanks man. It's been such a ride!
Hey, I heard that your startup got
funded. Congratulations! I am so happy
for you.!!
Oh no, we didn't take funding from a
fund. We raised it from a syndicate.
I can understand. Which VC firm
backed you though?
A syndicate? Whats that? I am really
clueless about the funding space. All I
know is VCs back startups.
Yeah, it's majorly VCs who back
startups. but, you have
something called syndicate
funding as well. It is also a way
to raise capital for a startup.
So it is basicall
y a Special Purpose
Vehicle(SPV) crea
ted for investing in a
st
artup
. It has a leader and cert
ain
backers.
Oh okay! Wha
t exactl
y is it?
So both leaders and backers are
investors. Leader is the one
who heads the investment
round. Backers are the ones
who invest in the startup under
the leader.
Alright. What exactly do leaders and
backers do?
Yes, I was coming to that. The leader
chooses a startup to invest in. He does
the basic checks regarding the
performance of the startup. After
gathering good info, he opens the
investment for backers.
Got it. How does this work exactly?
Got it. How does this work exactly?
Backers can have a look a
t the opportunity
and invest accordingl
y
. The invest
ment is
closed onl
y if it reaches a minimum
invest
ment amount
.
I see..
It’s the leader. The leader is
usually a founder, ex-founder or
an angel investor. He closely
monitors the startup's
performance. He gets an extra fee
for this which is called a 'carry'.
The leader gets the % of the
carry.
Okay. But since we don't have any VC
firm Partners in this case, who
manages and looks after the
investment?
Yes, there are multiple such platforms.
AngelList is a very prominent one. All you
have to do is make an account and specify
your investment interest. You will start
getting deal opportunities right-away.
Are there any platforms for this? Like
how can anyone participate as an investor?
Understood. Oh God, there are so
many things in the startup space.
don't know how will I keep up with
them.
Don't worry, just read OffTrack
Comics!
Watch this space for cool
comics on Startups & VC :)
Follow OffTrack to get further comic updates
Subscribe to OffTrack Comicletter

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Syndicate funding

  • 1. @offtrack-comics Syndicate Funding Contributor Sarvagya Verma Funding Funding Angel Investors Angel Investors Syndicate Syndicate
  • 2. Thanks man. It's been such a ride! Hey, I heard that your startup got funded. Congratulations! I am so happy for you.!!
  • 3. Oh no, we didn't take funding from a fund. We raised it from a syndicate. I can understand. Which VC firm backed you though?
  • 4. A syndicate? Whats that? I am really clueless about the funding space. All I know is VCs back startups. Yeah, it's majorly VCs who back startups. but, you have something called syndicate funding as well. It is also a way to raise capital for a startup.
  • 5. So it is basicall y a Special Purpose Vehicle(SPV) crea ted for investing in a st artup . It has a leader and cert ain backers. Oh okay! Wha t exactl y is it?
  • 6. So both leaders and backers are investors. Leader is the one who heads the investment round. Backers are the ones who invest in the startup under the leader. Alright. What exactly do leaders and backers do?
  • 7. Yes, I was coming to that. The leader chooses a startup to invest in. He does the basic checks regarding the performance of the startup. After gathering good info, he opens the investment for backers. Got it. How does this work exactly? Got it. How does this work exactly?
  • 8. Backers can have a look a t the opportunity and invest accordingl y . The invest ment is closed onl y if it reaches a minimum invest ment amount . I see..
  • 9. It’s the leader. The leader is usually a founder, ex-founder or an angel investor. He closely monitors the startup's performance. He gets an extra fee for this which is called a 'carry'. The leader gets the % of the carry. Okay. But since we don't have any VC firm Partners in this case, who manages and looks after the investment?
  • 10. Yes, there are multiple such platforms. AngelList is a very prominent one. All you have to do is make an account and specify your investment interest. You will start getting deal opportunities right-away. Are there any platforms for this? Like how can anyone participate as an investor?
  • 11. Understood. Oh God, there are so many things in the startup space. don't know how will I keep up with them. Don't worry, just read OffTrack Comics!
  • 12. Watch this space for cool comics on Startups & VC :) Follow OffTrack to get further comic updates Subscribe to OffTrack Comicletter