Comment Comment by 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 parent brd529 6 years ago
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