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What's to prevent one of the incorporation mills from creating a flat fee syndication platform to manage the LLC and provide template documents? Asking for % c
by nugget 13y ago
What's to prevent one of the incorporation mills from creating a flat fee syndication platform to manage the LLC and provide template documents? Asking for % carry as a platform that streamlines the legal filing and record keeping seems aggressive.
- prostoalex 13y agoComes down to dealflow. Quality angels are sought after, and if they're capable of syndicating a larger round, so much the better. To quote PG from http://paulgraham.com/fr.html http://paulgraham.com/fr.html: "The best type of intro is from a well-known investor who has just invested in you. So when you get an investor to commit, ask them to introduce you to other investors they respect." AL just automates the above behavior.