What is The Syndicate?
The Syndicate is an investment syndicate that invests in tech startups lead by Hye Ventures. The Syndicate connects accredited investors with opportunities to invest in AND connects founders with interested investors!
What is the benefit of a syndicate?
Deal flow. The lead also takes care of negotiating deal terms, performing due diligence, writing a deal memo, hosting a webinar and advising the SPV.
What’s an SPV?
SPV stands for Special Purpose Vehicle. We create a new SPV for each deal with the exception of some pro rata deals. The structure of the SPV is an LLC.
What is the Set-Up Fee?
There is no cost to be part of The Syndicate but if you choose to participate in a deal the setup fee varies on a deal by deal basis and covers the creation and management of the SPV, Blue Sky filing fees, a due diligence fee, and wire fees. This fee is split on a pro-rated basis among the investors who opt into the deal.
What is the minimum amount I can invest?
Minimums from $5,000 per deal, largely dependent upon the size of the allocation.
What is carry?
“Carry” is short for carried interest which is a share of the profits. Carry for The Syndicate is 20%. Carry is paid to the lead for negotiating deal terms, performing due diligence, writing a deal memo, hosting a webinar, and advising the SPV.
Can I participate as a foreign resident?
Yes, you may participate as a foreign investor as long as you meet the U.S. SEC accreditation requirements.
Is there a portal I can log into to see previous deals?
No, we currently send all deal memos via email.