SYNDICATE
Members of the lofty syndicate get to invest in the same deals we are investing in. The syndicate plans to do two different types of deals
Invest in new companies that will join the Lofty Portfolio
Make Follow on investments in later rounds of existing Lofty Portfolio companies
Lofty Ventures is committed to growing the Chicago tech ecosystem. We support directly and also help Accredited Investors invest in Chicago based founders alongside us.
WHY JOIN A SYNDICATE
Joining a syndicate is a good way to begin angel investing for Accredited Investors who are looking to explore venture investments without having to go it alone.
Experienced angel investors also participate in Syndicates so that they can increase their dealflow and gain access to later stage deals where minimum check sizes may otherwise be outside their range.
Lofty Syndicate members have the ability to participate in deals that have been diligenced by our team and participate in deals they may not otherwise have access to.
HOW DOES IT WORK?
Lofty Syndicate members get to decide what deals (if any) they participate in. We share our diligence documents and give all investors an opportunity to meet the founder of the venture before making their decision to join us.
Lofty Ventures administers our syndicate through AngelList, the leading platform in the syndicate space. AngelList creates a Special Purpose Vehicle (SPV) which holds the capital, makes the investment, and pays out returns to investors.
Angel list also sends tax documents and information to SPV participants.
Lofty Ventures Is always the first check into any investment that the syndicate makes.
RISKS
It’s important to remember that early stage tech investing is very risky and we urge everyone in the syndicate to remember that they should not be investing money they are not prepared to lose.
Earned income that exceeded $200,000 (or $300,000 together with a spouse or spousal equivalent) in each of the prior two years, and reasonably expects the same for the current year
Or has a net worth over $1 million, either alone or together with a spouse or spousal equivalent (excluding the value of the person’s primary residence)
Or holds in good standing a Series 7, 65 or 82 license