A group, not a fund
A syndicate is a group of individual investors who put money into a single company together, one deal at a time. There is no pooled fund, no capital call and no commitment to invest a fixed amount over several years.
Investment syndicate
I am building a curated network of investors and welcome concise introductions to companies that may fit.
If you have not invested in private companies before, the mechanics are simpler than the language around them suggests.
A syndicate is a group of individual investors who put money into a single company together, one deal at a time. There is no pooled fund, no capital call and no commitment to invest a fixed amount over several years.
When I find something worth backing, I share the opportunity with the group. You look at it and decide whether to take part. Saying no costs nothing and does not affect what you see next time.
Participants usually invest through a single vehicle that appears as one entry on the company's share register. That keeps the founder's cap table clean, which is often the reason they accept a group of small cheques at all.
I source the deal, do the diligence, negotiate terms and put my own money in on the same terms as everyone else. That last part matters more than anything else here.
Private-company investments are illiquid and high risk. Money can be tied up for many years and it is entirely possible to lose all of it. Only invest what you can afford to lose, and take your own advice.
What I look for, and why the same person who buys profitable, unglamorous software businesses also writes cheques into fusion reactors.
My operating life is spent on infrastructure that cannot fail — networks, security and business software for companies, public authorities and critical infrastructure operators. That work is deliberately conservative. It also gives me an unusually direct view of which technologies are about to become unavoidable, because I am the one who has to deploy them.
So I invest at the other end of the risk curve, in small amounts, in the technologies that change what infrastructure will mean in fifteen years: energy, semiconductors, biology, autonomy. Fusion energy, gene editing, space communications, robotics. Things that are either wrong or enormous.
I am not trying to beat a fund's return profile. I write small cheques, hold for a long time, and back people who understand a field far better than I do. My contribution is rarely the money — it is knowing what it takes to sell into a regulated enterprise, and being honest with a founder about how long that actually takes.
Tell me enough to understand your background, interests and typical participation. This is an expression of interest, not a commitment to invest.
Share a high-level overview first. Please do not send confidential information or a pitch deck at this stage.