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Who is LAUNCH and What is The Syndicate? 

The mission at LAUNCH is to support founders and inspire innovation through a series of free events, podcasts, books, and research products, in addition to “investing millions of dollars each year into promising, early stage ventures and startups.”

To date, LAUNCH has invested in more than 200 startups — seven of which have gone on to achieve valuations over a billion dollars: Uber, Thumbtack, Datastax, Wealthfront, Robinhood, Desktop Metal, and Calm. According to LAUNCH founder Jason Calacanis, the company invests in 50 startups per year through a series of private funds, the LAUNCH Accelerator and its public angel syndicate — The Syndicate, with check sizes ranging from $25,000 to $1.5 million.

About The Syndicate

The Syndicate is an investment syndicate of more than 7,000 accredited investors who invest in tech startups and world-class founders. Its main purpose is to connect accredited investors with investment opportunities, AND connecting founders with interested investors!

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Solution - Why / How does The Syndicate use SPVs?

The Syndicate states that the main positive benefit of a syndicate is the ease of deal flow, as the deal lead will negotiate deal terms, perform due diligence, write a deal memo, and advising the SPV.

And this is where SPVs become a valuable tool for The Syndicate, which uses SPVs for each deal (with a few exceptions of some pro rata deals).

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