Sublime

Once the limited partners receive 100 percent of their money back, Cynthia and Mercedes receive 20 percent of any additional profits while the limited partners receive 80 percent. The 20 percent that Cynthia and Mercedes receive is referred to as carried interest.

If those investors received their money from several different sources who did not directly own a percentage of the portfolio companies, then those individuals are venture capitalists and they are receiving money from limited partners (these are endowments, foundations, public pensions, high net worth individuals etc.).

Early in my career, I didn’t have the money to reach the minimum investment required by most startups, which is typically $25,000 or $50,000, but I did have a Rolodex, connections, and a lot of startup skills—especially in marketing and public relations. So, I joined the boards of advisors and boards of directors at a number of startups in the hope

When you visit the various sites offering syndicates and browse the deals, I suggest looking for these basic characteristics: A syndicate lead who has been investing for at least five years and has at least one notable, unicorn investment A startup that is based in Silicon Valley A startup that has at least two founders (with two, you have a backup