Common Stock Government Sales Syndication 
David Teten
JANUARY 19, 2021
Eligible for favorable treatment under Qualified Small Business Stock exemption, if structured as equity. This applies if the investment converts into common stock; details are beyond this essay’s scope. Coinvestors: Flexible VC terms have not been standardized, which may make the investment harder to syndicate.
www.paulgraham.com
APRIL 28, 2010
Some angel investors join together in syndicates. At one extreme is the sort of pork-barrel project wherea town gets money from the state government to renovate a vacantbuilding as a "high-tech incubator," as if it were merely lack ofthe right sort of office space that had till now prevented the townfrom becoming a startup hub.
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