Sydecar

Sydecar has something big coming for syndicate leads in September... Imagine managing your entire syndicate in one place—effortlessly. Picture a platform where you can: 💻 Seamlessly communicate with syndicate members, with all your updates, deal flow, and successes shared in a few clicks. 🔒 Maintain full ownership of your contacts; all LP information is kept private from other syndicate leads and your LPs have a dedicated portal to view deal flow and communicate directly with you. 📈 Access analytics on member participation, allowing you to identify and target engaged LPs for future opportunities. Curious? Stay tuned—details to follow.

Join us next Wednesday, August 28 at 3p ET for an insightful webinar when industry leaders from ARMYN Capital, CrossWork.us, Nasdaq Private Market, and Ticker Markets will explore the booming landscape of venture capital secondaries. Phil Germann, Max Harris, Steven Ogunro, and Michele Schueli, along with Sydecar's Shriram Bhashyam, will dive into the latest secondaries trends, the growing demand for liquidity, and the innovative strategies driving this market. Our panel will share real-world experiences and discuss the opportunities and challenges in executing secondary deals. This webinar is for fund managers, syndicate leads, and investors looking to stay ahead in VC. Register via this link: https://lnkd.in/ene5m9pE

The venture capital secondaries market is booming. Our latest Sydeletter explores the data, such as: -Secondary funds raised a record $93.8 billion last year, marking a 159% increase from 2022. -The average number of LPs per secondary deal on the Sydecar platform increased by over 30% from 2023 to 2024. -Employee tenure at top pre-IPO companies has increased by 10 months on average since 2019, driving up demand for liquidity. -The average amount raised in secondary deals on Sydecar nearly doubled year-over-year, from $969K to $1.8M per deal. But don't just read about it—try it. We’ve built an interactive demo that lets you experience the process firsthand. You’ll get a step-by-step walkthrough of how to create a deal on our platform, showcasing the simplicity and efficiency that Sydecar offers. Whether you're a seasoned manager or new to secondary deals, this demo will give you a clear understanding of how our platform can streamline your workflow. Try the demo and see how easy it is to get started with your next secondary transaction: https://lnkd.in/ee4ehe4f

The secondaries market is on the rise. In 2023, we witnessed a record-breaking $93.8 billion raised in secondary funds—a 159% increase from the previous year. This surge isn’t just a trend; it’s a fundamental shift in how capital flows and liquidity are managed in VC. What’s really driving this growth? How are liquidity needs shaping the market? And what does this mean for investors and companies alike? Our latest report dives deep into these questions, leveraging exclusive data from Sydecar and our partners at Live Data. In this report, we explore: - The liquidity crunch supporting the need for secondary transactions, with $3.2 trillion in unrealized value tied up in over 28,000 private companies. - The rising number of LPs per deal—up over 30% year-over-year on the Sydecar platform. - A nearly 2x increase in the average amount raised per secondary deal. - The impact of employee departures from pre-IPO companies like Stripe and Fanatics, driving a surge in the supply of secondary shares. - How the number of secondary deals closed on Sydecar’s platform has steadily increased over the past 18 months, signaling market growth. Check out the full report for more proprietary data from Sydecar and Live Data: https://lnkd.in/gkx_QR49

In a recent episode of Venture Unlocked, Samir Kaji interviews Benjamin Sun from Primary Ventures. The two discuss a handful of topics, including the growing role of GP-led secondaries. One key takeaway? The increasing importance of secondary sales as a strategic tool for managing liquidity and enhancing fund performance. Ben shared how Primary Ventures successfully executed a GP-led secondary, reinforcing the value of secondary transactions in today’s market. This aligns with the trends we’re seeing in the market and our own data. In 2023, secondary funds raised a record $93.8 billion—up 159% from the previous year—and the momentum continues in 2024. Our latest report, created in collaboration with Live Data Technologies, explores the factors driving this surge and provides proprietary data and actionable insights for investors and fund managers. Download our "State of the Secondaries Market" report to explore the: -Increasing interest and involvement of investors in secondary deals. -Uptick in employees leaving top pre-IPO companies and how it’s affecting the market. -Changing market trends, new innovations, and what’s ahead for the secondaries market. Link here: https://lnkd.in/efgeQ5rD

Quarterly updates are crucial in the emerging manager-LP relationship. The latest Embracing Emergence newsletter uncovers what both LPs and emerging managers need from these updates and how to ensure both sides are aligned. The newsletter highlights: -Common gaps in quarterly updates and how to address them. -Direct feedback from LPs on what they value most, such as: “Quarterly reports can’t be all things to all people. The report should be built in a way that is “enough” for most people, and then depending on the LP and its goals, it might be worth a separate call or putting together custom materials." -Strategies for emerging managers to stand out with their updates. Sydecar’s platform makes managing these updates seamless, allowing emerging managers to focus on what matters most: delivering value to their investors. Read the newsletter for the full download: https://lnkd.in/e-HP-Fwg

I'm excited to kick off the Embracing Emergence partnership with Sydecar 🤝 Being on the LP-side of the table, I have experienced how important it is for Emerging Managers to provide the best customer service and LP-experience possible. At the same time, I keep emphasizing how important relationships and people are in the LP-EM space. LPs underwrite people, who underwrite people. And Emerging Managers need to have the capability and capacity to build close relationships with their investors. Providing customer service to your LPs and relationship-building efforts while having time for all other daily back-office operations, LP onboarding, compliance, banking, tax, etc. is more than just a stretch. While I can help Limited Partners and Emerging Managers think about their alignment and convergence and how to strengthen it further, I'm limited in my ability to help with hands-on support. And Sydecar is just the right partner to come alongside the Embracing Emergence community! Whether it's for back-office operations, LP onboarding, SPVs, and co-investments, I'm excited to be able to point Emerging Managers toward the right place!

Sydecar is hiring a Business Development Representative! This role will allow you to build relationships with emerging and established venture capitalists. Join our high-growth startup and help us build the infrastructure for the private capital markets! If you love sales, are highly motivated and organized, and love building relationships, let's talk. https://lnkd.in/e8A-VMyB

The secondaries market is booming. In 2023 alone, secondary funds raised a staggering $93.8 billion, a 159% increase from the previous year. And this trend continues to gain momentum in 2024. That's why we're excited to share our comprehensive report, "State of the Secondaries Market, August 2024," in collaboration with Live Data Technologies. This report dives deep into: 🔹 The critical liquidity needs in venture capital and how secondary transactions provide effective solutions. 🔹 The significant increase in investor interest and engagement in secondary deals. 🔹 The rising number of employee departures from top pre-IPO companies and its impact on the market. 🔹 Market dynamics, innovations, and the future growth potential in the secondaries market. Download the report for more insight on the current secondaries environment, including the average amount raised and number of LPs per deal, year-over-year increase in deals closed on the Sydecar platform, and more: https://lnkd.in/efgeQ5rD

Qualified Small Business Stock (QSBS) is a designation under the U.S. tax code that offers significant tax advantages to investors in certain small businesses. In this Sydecar Session clip, Ankur Nagpal breaks down how founders, employees, and investors can benefit from the QSBS exemption. Hold shares for 5 years and you could pay no taxes on the first $10M of gains or 10x your basis in the stock. Everyone wins when the company sells. View the full Sydecar Session here: https://lnkd.in/ePYq4ahH