Would you join my angel syndicate?

Ok so I guess my post was flagged and I was asked to verify my account. I couldn't as I'm no longer @ Google so I had to create a new account. And yes, "Bias Capital" is the name of the syndicate. Feel free to visit the website (bias.capital). I saw some of the responses before I was kicked out of my previous so I'll try to address them directly in a more comprehensive post. I noticed I received some DMs as well. Unfortunately, I did not see any of those so please DM me again. I'm happy to answer any questions you may have. As mentioned in the previous post, I launched a syndicate as a precursor to launching a VC fund. I currently have 35 members and am looking to enroll 500 members in the next 30-60 days. Here are some things to note: - Minimum Investment Requirement: $5K+ per presented opportunity. - Stage: Pre-Seed to Series C. - Investment Size: Up to $1M. There may be an opportunity to invest in follow-on rounds. - Fees: 2.5% to cover the legal costs of the SPV, and a 20% carried interest on profits. - You're not obligated to invest in anything. In enrolling, you're basically signing up for a newsletter that gives you access to a deal flow. I've partnered with a VC Fund, whose name is mentioned in the privacy policy of our site, and being a member of my syndicate gives you access to their syndicate as well. Once you've signed up for the newsletter, you will periodically receive emails about various investments opportunity. Should you be interested, you will make a commitment via email regarding how much you would like to invest. Assuming there's some allocation left to fill, you will receive wiring instructions. You only pay after your commitment has been accepted. The 2.5% fees is prorated across all angels participating in the round. So if you would like to invest $10K in a particular startup, you would still have to wire $10K instead of $10K + 2.5%. The 20% carry is how me & my team get paid as we're still responsible for doing due diligence and receiving allocation in competitive deals (i.e deferred payment). As for my experience, the launch of this syndicate is something I've been working since 2016. I started with trying to fundraise for my company (I was unsuccessful). I was a bit more successful with helping some of my friends fundraise for their startups. In the process, I built up my network and built relationships with various VCs, accelerators, and angel investors. To date, I've personally invested in 12 startups, mostly over the last 2.5 years. My investments have ranged from $2K to $13K. In addition to my syndicate, I'm also working with 2 VCs on a part-time basis. I'm starting the syndicate because it will enable me to leverage my network in the VC space to get into better and more competitive deals. For example, let's say company ABC is worth $7M pre-money, and is raising $5M at $12M post-money valuation. To help limit the number of new investors, they may decide to have a $250K minimum investment requirement, which is basically the equivalent of the $5K minimum I mentioned above when listing my syndicate's requirement. Now I do not currently have $250K that I can just throw away at a company. However, @ $5K a piece, I would need 50 syndicate member to commit to be able to make the investment. At 500 members that's 10% commitment rate, which is fairly good. Since members are not obligated to invest in every opportunity I bring to their attention, a high number would allow me to focus on finding and getting allocation on high quality deals and get an allocation without having to worry about not meeting it. Of course, it should be noted that for every opportunity, you should only invest what can afford to lose. A bit more verbose, but I hope this is more informational than my previous post. Feel free to AMA either in the comments or via DM. -------------------- Update 1: Addressing some of the valid comments. C = comment & A = answer C1: Sounds like we would be getting the “opportunity” to invest in your network’s leftovers. A1: That's fair and will be true to a certain extent in the beginning. At 35 members, the most I will be able to raise is $175K. At most the most allocation I will be able to get for a "hot deal" will be $50K. The key is in being able to raise enough to meet the allocation I'm granted. As this continues to happen, I will be able to negotiate larger allocation, thus graduating from "investing in leftovers." Ultimately I will be selective so that you're all only exposed to "good leftovers" FWIW. C2: What’s your thesis and how is your pipeline or research different from the pipeline provided by the VC fund with whom you’ve partnered? A2: For my thesis, I'm early stage, industry agnostic with a focus on social impact. Once the syndicate gets past 250 members, I may become stage agnostic based on activity level. As for the research and pipeline, there will be a lot of overlap as I've learned how to do proper research and due diligence by working for/with these VCs. I will be using a lot of the same techniques, minus the use of expensive proprietary software. #investments #vc