Brian Nichols’ Post

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Founder of Angel Squad | I teach professionals how to invest in startups with help from seasoned VC investors | Investor & Advisor

Syndicate leads should have skin in the game. But it’s important to remember that not all syndicate leads have a lot of extra money lying around either. When I started organizing SPVs, I was investing $1k into each deal. It’s all I could invest at the time — and it’s actually one of the reasons why I started a syndicate. I didn’t feel comfortable negotiating a founder down to accept my $1k check every time…I wanted to pool together more capital from high-caliber peers that I had previously worked with at Lyft. As an LP, making sure your lead has skin in the game is a good due diligence checkbox. But don’t be turned off if it’s ~only ~ $1k.

Ferenc Fekete

The secret tech-team behind funded startups | Idea to Exit Product Partner | Co-founder at VeryCreatives

4mo

Syndicate leads with personal investment creates alignment and trust. Even small contributions matter because they show commitment. It's not always about the amount but the value and network they bring. 📈

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Josh Cook

Startup Advisor, Investor, GTM + Revenue Leader

4mo

Moral - you started! And made it work. I'm sure it got pretty tough to get them to accept $1k and wore you down as well.

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