What Is Jason Calacanis's Investor Syndicate?
Jason Calacanis told Geek at Sea he had stopped investing as a Sequoia Scout. He has his own fund and thesyndicate.com. AngelList taught him the model, and he left to build his own team, with no grudge against theirs. It is not a rival marketplace. It is one syndicate of about 4,000 accredited investors, which he called the largest individual syndicate. They do about 30 deals a year. He writes a memo, the founder does a webinar, and the group puts in $250,000 to $2.5 million. A member can write a check for $2,000, write one for $200,000, or write nothing and only read the memos. Some put $2,000 into every deal and call that a portfolio.
