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I have no idea what this is after reading it.

• brd529 6y ago
  This explains it: https://harveymultani.substack.com/p/startup-employee-syndicates-multiply https://harveymultani.substack.com/p/startup-employee-syndic... The idea is for employees to raise money from their network into a special purpose vehicle, and have that SPV invest in their employer, charging a 20% carry to the other investors in the SPV
  • spurdoman77 6y ago
    Sounds like a lot of hassle/potential distraction.
    • multani787 6y ago
      >$4m raised through employee led SPVs to date. So far, process has been seamless and relatively low time cost for all parties. Happy to go into more detail if helpful