Both Sides of the Table

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Is @AngelList Syndicates Really Such a Big Deal?

Both Sides of the Table

If you track the venture capital industry it would be hard to miss the conversation going on this week over AngelList “Syndicates.” My favorite new VC blogger, Hunter Walk, weighed in with some thoughtful comments about how Syndicates might actually pit, “ angel vs. angel.” Must be doing something right!

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Understanding a VC’s Seed Funding Policy is Critical

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In these cases we proactively offer to lead their next round of financing. Like Brad Feld I’m syndication agnostic but I have a slight preference toward working with others. How this works: I try to set a price that feels like a fair balance between GRP and the company. This is the nature of compromise.

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Venture Outlook 2016

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Of course they built protection into many of their financings that allows them downside protection against IPOs if the price is lower than the price they paid. And what many people don’t realize is that most syndicates get what is known as “deal-by-deal” carry. So eventually rationality has to occur.

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