Sure thing. Itās Jason Calacanisā āThe Syndicateā although I understand that heās pretty much oversubscribed on that now. I note he has three other syndicates now. Minimum investment tends to be around $4K (Ā£2700) so I have to choose carefully as my budget for this year is fairly limited.
4 Likes
@Andrewpclark good one mate, TY 
Have taken a look and will defo connect into this guy and his opportunities. Perfect example how sharing on here can open up new opportunities 
Hopefully can offer some value back to you going forward 
2 Likes
SeedInvest founder Ryan Feit to talk about creating the āRobinhood for private startupsā. An alumni of the Iāll freed Lehman Brothers (before the recession) who had to get a law passed to make his business work.
1 Like
Iām sure youāre aware of Calacanis, I know heās a very marmite figure but I get a lot of value from listening to him. His podcasts are great (TWIST and All-In), and his book Angel is a great listen on Audible. The Syndicate in theory sends out two opportunities a week on average.
2 Likes
Heās also the anchor on āThe All in podcastā with Chamath, Andrew Sachs & David Freidberg.
1 Like
Yes, see above! ;-p
1 Like
Thanks for sharing! Interesting to get to know that scene more. I realize heās oversubscribed so demand is definitly there, but Iām a bit bothered by the 20% carry fee. In my industry (PE) syndication is generally done on no fees, no carry terms (this is rapidly changing for the worst though). Weāre obviously not an institutional investor, but these terms seem very steep for whats essentially also a win for the Syndicate lead to have more capital. Iām wondering whether risk/return with these terms this is superior to alternative terms such as simply VWRL, listed PE trusts (Hg, Harborvest) or even Moonfare FoF given the limited diversification of individual investments within the Syndicate.
1 Like
Another one of my Seedrs companies is going for an IPO - Hydro Wind Energy.
Maybe some crowd funding is finally going to pay off 
We have great news to share. Recently we secured a commitment with an institutional investor, GEM Group, for a share subscription agreement of ā¬50 million, to list on an exchange. We are moving towards a listing on a European or American stock exchange with potential also for dual listing in other jurisdictions. In parallel we are preparing an interim equity round on republic.co and potentially also Seedrs for Jan 2022. We are currently working on the conversion of the advanced subscription agreement to equity with the Seedrs team. This should be concluded in the next few weeks.
6 Likes
20% carry plus 2% mgmt fee is standard for VCs and I appreciate this is not a VC. A lot of LPs are complaining about the fees in the industry in general. I see it as the cost of doing business, I wouldnāt be able to get close to those deals without this vehicle tbh. Outsize returns are the thing that will make this work and thereās no guarantee there. I think they call it āswinging for the fencesā, hoping for a 100 bagger or aboveā¦
2 Likes
Check out https://unicornhunters.com/ as someone in this space already. Think Shark Tank/Dragons Den but the public can invest too.
2 Likes
@Chrislewisuk I hadnāt seen this before, thanks for sharing Are you planning to invest or have you already done so? Very high risk, but highly vetted, and spread across multiple previously āhiddenā opportunities (to the smaller investor) makes sense.
This model (syndicate / fund) is defo going to gain significant traction and investor $. Higher fees sure but potentially much bigger chance or seriously outsized results versus direct company selection. Iāve selected some good ones but some absolute shockers as well, especially some of my early ones 
Hard earned that could have been allocated far better, but you learnā¦.
1 Like
Looks interesting, thank you for the info 
I see thereās an online Q&A this Thursday, Iāll give it a listen.
I invested in the underlying business about 18-24 months ago. They have pivoted from remote management tools to this private equity fund raising + entertainment model. It was definitely one of my moonshot investments but on paper has been positive. Their plan is to go public this year (no promises obviously) to raise funds to invest in more businesses and to scale the show globally.
2 Likes
Thanks Andrew
@Andrewpclark Just signed up to The Syndicate. Look forward to seeing the upcoming opportunities. Thanks for the heads up. Iām ok with the carry/fees as keeping ~80% of potentially huge profits is just fine with me
You arenāt allowed to invest for the first month to avoid being too hot headed. You will be very frustratedā¦
I saw that. Thatās just nasty 
JCal 100xād on Robinhood if I heard correctly.
1 Like
He reckons Calm.com is his biggest. Given Uber and Robinhood thatās going to be interestingā¦
1 Like
Investor Jason Calacanis invests in Alex Tew of Calm.com (Before Calm was a unicorn) - YouTube This is the episode Jason offered an angel investment on the spot for Calm
2 Likes