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This explains it: https://harveymultani.substack.com/p/startup-employee-syndicates-multiply https://harveymultani.substack.com/p/startup-employee-syndic... The
by 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 agoSounds 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