Sydecar

Our latest Sydeletter is out, covering how emerging managers can leverage SPVs and pro rata rights to maximize their returns. Top VCs like Sequoia and Accel have mastered these strategies to maintain stakes in high-performing companies, and emerging managers can do the same. In this edition, we feature advice from Dave Sachse of Sachse Family Fund and Family VC, covering: -The power of follow-on investments: Learn why follow-on investments are crucial in today's venture landscape and how they can boost your fund’s returns. -Avoiding dilution: Understand the strategies to maintain your ownership percentage in high-potential startups, even as they go through multiple funding rounds. -Strategic use of SPVs: Discover how SPVs can help you pool additional capital for follow-on investments without draining your main fund’s resources. Sign up now to receive the full edition in your inbox today: https://lnkd.in/e7D_8uBJ

Top VC firms like Sequoia and Accel maximize their returns by using pro rata rights to their advantage. Emerging managers can do the same by leveraging SPVs to maintain stakes in high-performing companies and boost their returns. Our upcoming Sydeletter explores how emerging managers can take advantage of these strategies, featuring insights from industry expert Dave Sachse of Sachse Family Fund and Family VC. Learn about the importance of follow-on investments, how to avoid dilution, and more. Sign up for our Sydeletter to get the full scoop in your inbox tomorrow: https://lnkd.in/e7D_8uBJ

Sydecar recently partnered with Emerging Venture Capitalists Association (EVCA) and Wannabe Angels for an insightful podcast roundtable on SPV strategies. In this episode, Harry Campbell, Colin Gardiner, and Riley Rodgers, moderated by Halle Kaplan-Allen from Sydecar, discuss the nuances and benefits of SPV investment structures. Harry is known for his mobility-focused angel investments and collabs The Rideshare Guy, while Colin (The Rideshare Guy) is the founding partner of Yonder VC and has expertise in early-stage marketplaces. Riley transitioned from smaller SPVs to larger funds at Valia Ventures. The three VCs share their varying perspectives, journeys, insights into the VC landscape, and effective SPV strategies. Riley also offers valuable advice on fund management, scaling investment strategies, and identifying high-potential startups. He highlights the importance of founder-market fit and managing LP relationships. Listen to the full episode here: https://lnkd.in/eiZT-kSq

Calling all Seattle-based venture fund managers, GPs, and syndicate leads 🚨 Join us for a Sydecar Happy Hour in Seattle next Tuesday, July 23rd. Connect with our team and network with industry peers. Whether you're a current customer, interested in our platform, or a new face in the venture space, we'd love to see you there. Space is limited, so we're prioritizing attendees fitting this description. Click the link to register for your spot today: https://lu.ma/ch37c44y

In a recent episode of the Swimming with Allocators podcast, Edward Comerford, CFA, Director of Private Markets at the City and County of San Francisco, discussed the impact of public market fluctuations on their venture capital strategy. Comerford acknowledged that since 2021, every LP in private markets has faced challenges due to market pullbacks. Despite this, he emphasized the importance of a long-term perspective, noting their focus on hitting targets for 2035 rather than short-term goals. Comerford highlighted the need for a consistent deployment rate to avoid the risks associated with fluctuating investment cycles, ensuring good vintage year diversification and avoiding over- or under-allocating based on market conditions. Check out the clip below for more on this (link to full episode in comments)

Ever wondered how social media can shape investor relationships? Cindy Bi and Rob Lusk discussed this in a past Sydecar Session. Cindy shares how her active presence on Twitter helps her LPs feel connected, even without direct communication. Check out the clip below 👇

Join us tomorrow, July 9, for the "Sourcing Limited Partners" webinar with nextNYC and Sydecar. Learn from industry leaders on how to find and secure LPs for your venture fund, syndicate, or SPV. Meet the panel: Charlie O'Donnell: Veteran VC with a wealth of experience from top NYC firms. Ali Hamed: Co-founder of Crossbeam and CoVenture, managing $2.5 billion in investments. Halle Kaplan-Allen: Sydecar’s Director of Growth, moderating the discussion. Don't miss out—register now: https://lnkd.in/eJU85DC5

Nobody can deny the immense dedication required to succeed in venture investing. In a recent webinar with Venture5 Media, we explored what LPs expect from future GPs. The key takeaway: Experience and a compelling story matter most. As Marius Weber, Founding Partner at AlphaQ Venture Capital states in the clip below, "We want to see experience and a story that needs to make sense to us. Having done a couple of angel tickets and now raising a $50M fund for writing $1M plus checks is a red flag for us." LPs need to understand why a future GP is committed to this path. It's not just about numbers; it's about the long, challenging journey ahead. It takes around 8 years to stand out as a successful GP, a period filled with hard work and perseverance. 🔍 What LPs Look For: -Experience in investing: A few angel investments aren't enough. A track record of thoughtful and strategic investments is key. -Network and story: Your journey must be compelling and make sense to LPs. They want to know why you’re driven to succeed in this field. -Preparedness for the long haul: LPs know the path is challenging. They want to see GPs ready to endure the ups and downs, much like a founder's journey. Building trust with LPs takes time and a strong narrative. Stay focused, be transparent, and let your experience and passion shine through. Your journey as a GP is a marathon, not a sprint.

We’re excited to announce that Sydecar has now surpassed $1 billion in assets under administration (AUA)! Below is a snapshot of our progress. This milestone is more than a financial achievement – it represents a shift towards a more standardized, transparent, and efficient approach to private investing. Reaching $1 billion in AUA highlights the trust and confidence that fund managers and investors have in our platform. It’s a testament to our ability to scale and meet the evolving needs of the venture capital ecosystem. By pioneering a product-driven approach, we've established industry standards that simplify investment processes and enhance accessibility. As we celebrate this milestone, we're also advancing our mission to improve transparency, efficiency, and liquidity in private markets. Our tools and platforms are breaking down barriers by automating back-office operations for emerging managers, enabling them to focus on securing high-potential deals. Read more about what this achievement means for Sydecar and the venture ecosystem on our blog here: https://lnkd.in/ePQP-J-f

Next Tuesday, July 9, unlock the secrets to successful fundraising with insights from industry experts at our webinar, "Sourcing Limited Partners," presented by nextNYC and Sydecar. Fundraising for a venture fund, syndicate, or SPV is challenging. LPs aren't actively seeking you out, and they vary widely in their investment preferences and strategies. Join us as our experienced panelists share their tips on filling your pipeline with high-quality LP leads: -Charlie O'Donnell: With a 20-year career spanning top NYC firms like Union Square Ventures, First Round Capital, and Brooklyn Bridge Ventures, Charlie now coaches emerging GPs and rising VC professionals. -Ali Hamed: Co-founder and partner at Crossbeam and CoVenture, Ali brings a wealth of experience in firm management and capital raising, managing $2.5 billion across technology-enabled businesses. -Halle Kaplan-Allen: Sydecar's Director of Growth, Halle will guide the discussion with her deep understanding of venture fundraising dynamics. Register today: https://lnkd.in/eJU85DC5