Pre-IPO Profits

Syndicate Leads Should Have Skin in the Game

Syndicate Leads Should Have Skin in the Game
By Adam Sharp
Date May 18, 2021
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About a third of the deals I’ve seen on AngelList recently share a disappointing trait — the syndicate lead has only invested $1,000-to-$2,000. This is almost always a red flag, because it’s a sign that the lead has a low amount of conviction in the deal. And that…
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