[brd529]

This explains it: https://harveymultani.substack.com/p/startup-employee-syndic...

The idea is for employees to raise money from their network into a special purpose vehicle, and have that SPV invest in their employer, charging a 20% carry to the other investors in the SPV

[spurdoman77]

Sounds like a lot of hassle/potential distraction.

[multani787]

>$4m raised through employee led SPVs to date. So far, process has been seamless and relatively low time cost for all parties. Happy to go into more detail if helpful