Syndicate agenda 11/14/22
Tags
Nov 14, 2022
date
Tags 2
Meeting recording:
Â
Live Deals:
- Opolis (tesa_fc)
- Final docs in â $50mm post-val, 80% discount to series A
- All docs updated on Clarity
- Switched to AngelList
- FC Master LLC complete, waiting for EIN
- Commitment Tally â https://tally.so/r/wMeZYk
- Currently $23k committed from 4 members
- Campaign (tesa_fc) 500k at 6mm pre-seed â thread
- Passed because deal entity costs too high
- No commitments
- Commitment Tally â https://tally.so/r/wo9RxV
- Few and Far (tesa_fc) 9.5mm at 75mm SAFT - Near protocol â thread
- 150k allocation
- closing in 10 days
- Thursday, November 14
- https://tally.so/r/wM1aok
syndicate protocol - logistics wise figure out
Â
Investment Memo:
- Noba (yaztaz) 5-7mm at 30mm seed â thread
- Venture Club (skylab - tesa_fc) 2mm at 20mm seed â thread
Â
AMAs :
- Wallbit $700k @7mm pre-seed SAFE â thread
- Latam fiat/crypto neobank launched July 2022
- payment provider for remote workers
- Wyre banking infrastructure
- 12 person team based in Buenos Aires - cost of 1k a month
- Positive CF with 600+ users and 1.8mm usd transactions
- cryptodad - how can the costs stay so low?
- 2% withdrawal unsustainable
Â
New Deals:
- Bello $1mm @12.5 pre-seed â thread
- NFT Analytics project from Adam Levy (Mint podcast)
- https://www.bello.lol/invest
- password: shiitake
Push to FC / DAOlationships Demo day â NFThinker
- Caddi $500k @ 6mm pre-seed
- https://www.lazytrade.io/pitch
- keys stored on AWS
- austin - higher end features would be a bigger value prop
- suspect of security
- Rotki competitor: https://rotki.com/supported
Â
Posting channels workflow:
- Syndicate news
- Member Announcements
- Investment Deals
- Telegram group â https://t.me/fc_syndicate
- New member announcements channel
- #fc-education
Â
New Items:
- Due diligence
- Still curate the projects via voting
- Post on the DeWork bounty board
- Use education cohorts to complete the due diligence
- Bring the due diligence into the Monday meeting for review
- Marketing pack for projects
- Create a media pack for NF Thinker that projects can take with them
Â
Action Items:
Due diligence program
Marketing pack for projects
Â
Â
Â