If you’re an experienced business angel and / or syndicate member, you may want to consider launching your own syndicate.
Role of a syndicate lead
The syndicate lead will act as the liaison between investors and target companies, and is primarily responsible for sourcing and sharing deals, chasing founders for their quarterly reports and helping to organise pitches and presentations.
Of course, leads can delegate, or ask for help from the group when they need it, for example when a founder asks for an introduction, a referral or feedback on their product.
And with greater responsibility comes greater reward. As Antoine Sakho, co-founder of syndicate Mozza Angels points out, these rewards include more access to carry, deals and dealflow, and a strong community. The success of a syndicate will be strongly linked to its people, and the lead plays a big part in recruiting co-investors.
Syndicate leads have more control over what deals they commit to and how, they have direct access to founders, and can steer the group in a direction that suits their overall investment strategy.
“You act as a seller of the opportunity, even if you are yourself investing,” adds Nickmans. “You can also make more returns whenever there are good outcomes, and you will also probably receive more access to deals because your syndicate will obviously be well more known [than an individual] in a certain market.”
Sakho adds that leading a syndicate can be a good way to “dip your toes into venture capital”, building a track record and a network, with a long-term aim to launch a fund.
Syndicate leads can certainly have their work cut out for them, compared to solo angel investors. On the flip side, syndicate leads can draw massive benefits from a group of investors who are all working towards the same goal: making successful deals and carving out a professional investing future.