Navigating a Down Round: Tips for Startups
As a startup founder, you may have heard the term “down round” before. It’s a funding round in which a startup raises money in a funding round at a lower valuation than its previous round, and it can be a sign of trouble for your startup. But don’t worry – there are steps you can […]
Demystifying Special Purpose Vehicles (SPVs)
If you’re running a business or thinking of starting one, you may have come across the term “SPV” or Special Purpose Vehicle. At first glance, it may sound like a fancy car or something that only astronauts use, but in reality, it’s a popular business structure that offers a range of benefits. So, is an […]
Should I Raise a Fund or Start with SPVs?
Deciding whether to raise funds or start with special purpose vehicles (SPVs) depends on several factors, such as your investment strategy, the size of the investments you plan to make, your investor network, and your ability to manage and operate a fund. Here are some pros and cons of each option to help you make […]
SPVs vs VC Funds
In business, as they say, you must speculate to accumulate. In order to make money you must first spend money, and therein lies the problem for many. In today’s economic climate, with record-breaking inflation, rising interest rates, and global economic turmoil, investing in the right businesses is now more important than ever. It’s easy to […]
SPVs: Democratizing Alternative Investments
Angel investors can use Special Purpose Vehicles (SPVs) to make Venture Capital investments by pooling capital from multiple investors and creating a separate legal entity to make the investment. Here’s how it works: 1. Pooling Capital The angel investor can bring together a group of investors who are interested in investing in a particular venture. […]
Should First-Time Fund Managers raise a Fund or start with a Syndicate?
Launching a venture fund is exciting, but increasingly complex. Today’s LPs expect more than a sharp thesis or ambition; they want proof. For first-time fund managers, the path to that proof starts not with a fund but a syndicate. At Angel School, a two-stage approach is strongly recommended for first-time managers. As Jed Ng, founder […]
5 Key Benefits of Setting Up a Singapore Variable Capital Company (VCC)
A game-changing corporate structure has emerged in the Asia-Pacific fund landscape: the Singapore Variable Capital Company (VCC). Introduced under the Variable Capital Companies Act in January 2020, this forward-looking framework was designed to strengthen Singapore’s fund management ecosystem by offering a more flexible, tax-efficient investment vehicle tailored for professional investors. If you’re new to the […]
Understanding Funds: What Is a Fund and How Does It Work?
What Is a Fund? Key Features and Example Understanding funds in finance is crucial because while the term “fund” is common, it lacks a universal definition. You’ll encounter various types of funds, such as venture capital funds, mutual funds, hedge funds, pension funds, and private equity funds. While all are considered “funds,” they vary widely […]
Understanding Syndicates: A Complete Guide for Investors
Syndicates are transforming how individuals and institutions invest in high-potential opportunities. Whether you’re a first-time investor or a seasoned fund manager, understanding how Syndicates work—and how to use them effectively—can unlock unique access and attractive returns. Watch: What Is a Syndicate? Get a quick, visual breakdown of Syndicates in this explainer video: What Is a […]
Venture Investments: Introduction to the CARE (Convertible Agreement Regarding Equity)
What is the CARE? CARE (Convertible Agreement Regarding Equity) is a flexible and founder-friendly investment agreement designed to support startup fundraising in Asia. CARE enables early-stage startups to raise capital without setting a company valuation upfront, making it ideal for seed or pre-seed investment rounds. Launched in 2018 by the Singapore Academy of Law, CARE […]
