Syndicate Deal Investment Mandates & Risks
Investment Mandates
- Should we focus on particular categories?
- DAO tooling, DeFi, infrastructure, blockchain
- Stay away from PFP and projects that do not provide intrinsic value to users.
- Do we focus on particular funding stages?
- Pre-seed, seed, series A
- Investment horizons?
- 2-4 year exit
- Minimum expected ROI / ROR?
- Project growth potential and EV?
- Maximum valuation multiples or risk return expectation?
- Financial requirements?
- Team experience?
- Experienced teams or leads
Project Risks - Strict No’s
- Regulatory risk
- Projects that have business models that could come under regulatory scrutiny (i.e. projects construed as securities, money laundering - Tornado Cash)
- Geography risk
- Projects located in countries which may be blacklisted (i.e. any AML country)
- Anonymous teams