The Council's first SPV of 2024 is down in the books and oversubscribed. Running SPVs where we have pro rata or extra allocation in fund deals is a muscle we are building pretty late in the game as a firm. As a solo GP with a tiny team, it's crippling to think of the extra work required and risk of not meeting platform minimums to run an SPV. But 7 of our port co's have recently raised follow on funding where we had pro rata. These are awesome deals for our LPs, angel members, and syndicate community. We simply can't afford to let them slip through the cracks. These allocations are only becoming more valuable as our firm grows, so we must start NOW! Proud to say this one went off without a hitch and our syndicate community is small but THRIVING. Wish us luck as we keep building. Note our SPVs are now on Sydecar. The best way to get access is to know someone on The Council Fund team and be on our SPV email list. **What's an SPV?** An SPV is a Special Purpose Vehicle. It allows multiple angel investors to pool together into one larger investment into a company. This helps the founder keep paperwork and investor relations to a minimum (less names on the cap table = simplicity!). When people say they're investing with a "syndicate" or they are "syndicating a deal," SPV is the entity and process by which they do that. A "syndicate" is like a community of people that invest via SPVs together.
congrats on getting the syndicate back in action. Let's reconnect on it and chat about co-syndicating!
Impressive progress! To truly maximize your SPV strategy and engage your syndicate community, consider implementing strategic storytelling in your communications. This can deepen investor relations and attract new angels by making each SPV's narrative compelling and unique.
Amber Illig Congratulations--eager to hear your favorite part about using our platform!
Awesome!
Congratulations on the successful SPV! Building that muscle as a firm is definitely a game-changer. 💪🏼
Congrats Amber! Never underestimate the power of a small but mighty team & engaged community!! 🚀
Self-taught Angel backed by 1300+ LPs | Creating 'Super Angels' @ AngelSchool.vc | ex-Operator @ a16z startup
2moCongrats Amber! Deal 1 done. It gets so much easier from here.