RESEARCH & PRACTICAL GUIDES
Guides to startup ownership, syndicate economics and the documents behind an angel investment.
GUIDE · 6 MIN READ
An investment through a special purpose vehicle gives you an interest in the vehicle, which holds the startup investment. A direct share purchase makes you a shareholder in the startup itself. That extra legal layer can change your voting rights, reporting, fees and ability to transfer the investment.
GUIDE · 6 MIN READ
Syndicate carry is the manager's contractual share of investment profit. Fees pay for separate services or expenses and may apply even when the investment loses money. To estimate your net return, establish how much reaches the startup, what the manager deducts and which capital must be returned before carry is paid.