"Bottom-feeding multi-layered SPV brokers that have no relationship with the company, and straight up grifters."
That's how
@saranormous describes half the SPV market right now. She's right.
Here are 7 SPV leads who do the opposite and show you everything:
1.
@bzises: Ben Zises, SuperAngel. His fund memo is a public URL, not a data room. Publishes quarterly recaps openly, markups and misses included.
2. Alex Pattis and Zachary Ginsburg (
lastmoneyin.co): 800+ SPVs, $200M+ deployed, and they publish the manual. Their newsletter dissects syndicate mechanics weekly, fee structures included.
3.
@unpopularvc: Peter Livingston, Unpopular Ventures. Publishes his real return multiples every year, including the years they go down. Keeps $1.25M of his own money in his vehicles.
4.
@zachcoelius: Zach Coelius. Over $1B deployed. Standard carry is 20%. He takes 15, no management fees, and explains why on the record.
5.
@dunkhippo33: Elizabeth Yin's Angel Squad. 2,000+ members, $1K minimums, zero additional carry. They wrote the public fee explainer to prove it.
6.
@galeforceVC: Gale Wilkinson, VITALIZE Angels. Nearly 500 members, no deal fees, no carry. Said so in public from day one.
7. @CindyBiSV: Cindy Bi, CapitalX. Live-tweets her portfolio, write-offs included, and published her entire playbook for free.
Who else does? Tag them. We verify every name.
And if you have an SPV horror story you'd like to share (anonymously is fine), submit it here:
confessions.uselegion.com