Venture

What is Syndicate?

A group of investors who put money into one deal together, usually led by the person who found and negotiated it. Members can join with smaller amounts, so much depends on how well the lead did the homework.

6 investors · 1 lead · 1 deal

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A syndicate is…

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In real work

Lena led a syndicate of 14 angels into the dental-billing startup, negotiating the terms herself and sharing her notes with the group.

In the illustration

The tray flagged LEAD feeds first, and its check carries the terms slip. The five follower trays feed their checks in behind it, the band closes around all six, and one bundle drops into one company's slot.

Use it in a prompt

Read the syndicate deal page I paste below in your deal notebook: summarize the lead's own investment, the fees and carry, the minimum amount and the terms, and list what you could not verify.

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