The Garage deck

Transcript

1. The Garage Syndicate PRIVATE ACCESS TO THE FASTEST-GROWING, WELL-RESEARCHED TOP STARTUPS CURATED BY EXPERIENCED (500+ DEALS) TEAM WITH SKIN IN THE GAME IN EVERY INVESTMENT www.t16e.com
2. 1 EXIT Coursera 02 PORTFOLIO $12.5M Total investments in 12 month $740K Personal GP participation Portfolio companies 18 165 Limited Partners
3. SAN FRANCISCO Prolific VC and angel, a top investor in numerous rankings, Partner at TMT Investments, a $ 300M NAV fund, early VC in 5 unicorns, 25 profitable exits. 17 years on 2 unicorn Boards (Wrike and Backblaze). Adjunct at Berkeley and NYU. Founder of Startup Kotiki, co-founder of Fotki (25M users), CEO of the leading Microsoft WebTV site, Epsylon Games (70+ games). IGOR SHOIFOT founder
4. LONDON F F SERGEY MOSUNOV founder Serial technology entrepreneur (built the R'AIN Group manufacturing company, zinc sulfide and selenide production, laser optics and medical laser equipment, multi-wavelength laser systems and optical current and voltage sensors). A prolific venture capital investor, co- founder of the Angelsdeck venture community (more than $60m in investments), an active angel investor in 100+ projects. Two executive MBAs.
5. DUBAI VLADIMIR GIDIRIM founder Former partner of Deloitte and Ernst & Young, 200 investments through venture syndicates: Angellist, Fundersclub, OurCrowd, I-Angels, Jason's Syndicate, ESTBAN member, LP in VC funds VGA Launch Gurus, Viaduct VC, Hack VC. 5 successful exits, a regular participant of the media project for angel investors The Garage. Author of a published book on corporate finance.
6. Katerina Kirillova Palina Sapina Venture Partner Chief operating officer David Mnatsakanian Investment manager THE GARAGE TEAM Palina has a unique experience, combining her knowledge of the venture capital market with her expertise in real business and entrepreneurial practice. She was responsible for operations and finance at two startups. In one of them, she was a co-founder, and together with the team they passed the acceleration program and attracted angel investments. Palina has three years of experience in the analytics team of the venture fund. She previously had corporate experience in B2B sales development and B2C sales management. David has more than 4 years of experience in transaction advisory services acquired in top european banks and global consulting companies. He participated in 15+ M&A (buy-side and sell-side) and debt financing projects in financial services, real estate, consumer retail, media, and it industries. Graduated with a bachelor’s degrees in economics and finance from the higher school of economics and university of london. Currently pursuing his CFA designation. 06 Katrina possess with 20 years experience as Serial Entrepreneur with an established track record of start- ups within sports and entertainment (Ticketscloud, Euroshow, Ticketing Forum) applying the powerful combination of technology and neuropsychology. Mentor, angel investor. Executive MBA graduate from London Business School (LBS)/Columbia Business School. Adjunct Professor, Leadership and Change Management.
7. FAST-GROWING STARTUPS WITH AT LEAST 2 YEARS GROWTH AND MRR FROM $100K, ALMOST ALL INDUSTRIES EXCEPT OFFLINE, HARDWARE, HIGHLY SCIENTIFIC, OR NON- TECH AND MOSTLY FOCUS ON US, WEST AND LATAM. THE MOST COMPETITIVE PRE-IPO DEALS IN THE SECONDARY MARKET FOR FAST LOW RISK MODERATELY HIGH RETURNS 07 INVESTMENT FOCUS
8. UNIQUE ADVANTAGE DEEP REACH INTO THE VENTURE AND STARTUP CIRCLES OF SILICON VALLEY, NEW YORK, BOSTON, LA, THE MIDDLE EAST AND EUROPE ACCESS TO THE BEST DEALS USUALLY RESERVED ONLY TO THE TOP VCS AND ANGELS 08 ZERO INCOME TO THE TEAM, OTHER THAN THE SUCCESS FEE (CARRY) AT THE EXIT PROFESSIONAL DUE DILIGENCE AND THOROUGH RESEARCH OF DEALS
9. 10% HURDLE RATE THE GARAGE IS CONFIDENT IN ITS ABILITY TO DELIVER EXCELLENT RESULTS AND WE ARE THE FIRST INVESTMENT SYNDICATE TO OFFER A 10% HURDLE RATE. 10% IS THE MINIMUM AMOUNT OF NET PROFIT THAT AN INVESTOR SHOULD RECEIVE IN ANY OF OUR SPVS BEFORE THE GARAGE CAN CHARGE ITS INCENTIVE FEE (CARRY). IF WE GENERATE LESS THAN 10% NET PROFIT, WE DO NOT CHARGE ANY CARRY. 09
10. USDC CRYPTO CURRENCY SINCE JANUARY 2022, WE ACCEPT INVESTMENT CHECKS NOT ONLY IN AMERICAN DOLLARS, BUT ALSO IN CRYPTOCURRENCY USDС 10 GENERAL PARTNERS HAVE SKIN IN THE GAME: INVESTED THEIR OWN HUNDREDS OF THOUSANDS OF DOLLARS INTO THE SYNDICATE'S DEALS SKIN IN THE GAME
11. INVESTED $1M Massive open online course provider was founded in 2012 by Stanford university computer science professors Andrew Andrew Yan-Tak Ng and Daphne Koller. INVESTED $700К INVESTED $550К The marketplace platform connects customers to more than 9,000 restaurants in the US, enabling pre-ordering meals for pickup and dine-in. INVESTED $1M A pay-to-play video game- coaching company, connecting professional gamers with amateurs who want to improve their experience by hiring those pros on-demand as coaches. INVESTED $500К The company develops an innovative new approach to enterprise endpoint management and security. PORTFOLIO 2022 An autonomous check-out solution without the use of cashiers which can be quickly installed in retailers' existing stores. 11
12. INVESTED $900К A consumer tech company that specializes in providing online delivery services. It connects consumers who want to purchase prepared foods, groceries, clothes, and virtually anything with independent contractors. INVESTED $1.5M INVESTED $300К The first US Crypto firm to receive a state- chartered banking license, as well as one of the first exchanges to offer spot trading with margin, regulated derivatives, and index services. A multichannel advertising platform analyzes website audience behavior and runs fully automated ad campaigns to boost sales & bring more profit. 09 PORTFOLIO 2022 12 Latin america’s leading social commerce platform, empowering thousand of female micro- entrepreneurs to build their own online stores. INVESTED $200К
13. INVESTED $500К INVESTED $400К The leading global provider of in- store shelf monitoring and management solutions, combining its breakthrough proprietary computer vision. INVESTED $1.3M INVESTED $300K A fintech company allows underbanked Americans to demonstrate and build their creditworthiness based on their economic behavior to help them get access to personalized and fair-priced financial services and products. Fast-growing latin american cloud kitchen startup. the company organizes dark-kitchens and manages these restaurants brands, that specialize on food delivery. the project was launched in 2019, and in early 2021 the company already had several hundred locations in four countries and five of its own brands. PORTFOLIO 2022 13 A hyper-growing multi-million user sport video content distribution and monetization platform.
14. INVESTED $700K INVESTED $1.1M INVESTED $1.1M PORTFOLIO 2022 INVESTED $300K INVESTED $200К Provider of cloud-based blockchain infrastructure, which large companies and ordinary programmers alike, to create and integrate products into Web 3.0. Platform that allows non-bank lenders to create and manage portfolios of real estate loans while allowing institutional investors in the united states to purchase and invest in such portfolios. Platform that automates “Blue-collar Workers” hiring and speeds up the process. 14 The software helps its users to create new spvs and funds more quickly, also helping investors manage capital calls and the like after their fund is formed. Real Estate Super App, that combines brokerage, lending, purchase, and sale of property.
15. HOW THE SYNDICATE WORKS A SYNDICATE IS A GROUP OF PEOPLE, PROFESSIONAL INVESTORS AND BUSINESS ANGELS, WHO HAVE AGREED ON A VOLUNTARY AND INFORMAL BASIS TO CONSIDER COMPANIES FOR JOINT INVESTMENT IN THEM. WE WORK TOGETHER TO FORM A FINANCIAL FUND AND INVEST ON THE BASIS OF A SINGLE SET OF LEGAL DOCUMENTS. THE OPERATING ACTIVITIES OF THE SYNDICATE ARE HANDLED BY THE MANAGEMENT COMPANY, TO WHICH COMMISSIONS ARE PAID FOR THE MANAGEMENT AND SUCCESS OF THE TRANSACTION. LEGAL STRUCTURE OF THE SYNDICATE 15
16. HOW THE SYNDICATE WORKS A SPECIAL PURPOSE VEHICLE (SPV) IS CREATED FOR EACH TRANSACTION. 100% OF ITS SHARE CAPITAL CONSISTS OF THE ACQUIRED SHARES OF THE OBJECT OF INVESTMENT. SPV ACTS AS A WHOLESALE BUYER OF COMPANY SHARES. INVESTOR BUYS A SHARE IN SPV PROPORTIONAL TO HIS OWNERSHIP OF THE FINAL ASSET IN THE AUTHORIZED CAPITAL OF THE SPV. SPV REGISTRATION AND STRUCTURE OF THE CONTRACT 16
17. HOW THE SYNDICATE WORKS THE SYNDICATE MANAGER HAS THE AUTHORITY TO SELL THE SHARES AND DISTRIBUTE THE INCOME TO THE OWNERS OF THE SPV SHARES WHEN THE INVESTMENT IS COMPLETED. THE MANAGER CANNOT USE THE SPV FOR ANY OTHER PURPOSE, CANNOT SELL, PLEDGE SHARES, DILUTE CAPITAL, ETC. WITHOUT THE CONSENT OF THE PARTICIPATING INVESTORS. SETUP FEE. A ONE-TIME SET-UP FEE (4% - 7%), WHICH COVERS ALL THE COSTS OF THE SPV FOR ALL THE YEARS OF ITS EXISTENCE. CARRY. COMMISSION FOR SUCCESS (14%-20%) - SHARE OF MANAGER FROM INVESTOR'S PROFIT FROM THE SALE OF SHARES. CHARGED ONLY FROM THE SALE OF THE ASSET AND ONLY IF THE INVESTOR RECEIVES THE PROFIT MINUS THE CAPITAL CONTRIBUTION AND ORGANIZATION COMMISSION. MANAGER'S POWER AND COMPENSATION 17
18. HOW THE SYNDICATE WORKS THE GARAGE SYNDICATE MASTER LLC IS INCORPORATED IN DELAWARE, WHICH PROVIDES A ZERO CAPITAL GAINS TAX RATE FOR FOREIGN INVESTORS. TAXES WE FOLLOW US LAW. THE TRANSACTION STRUCTURE IS TRANSPARENT TO INVESTORS. INVESTORS DECIDE WHICH DEALS TO INVEST IN AND TO WHAT EXTENT. OUR AUTHORITY AS A MANAGER IS STRICTLY LIMITED LEGALLY. WE USE BOILERPLATE LEGAL DOCUMENTS AND STANDARD TERMINOLOGY. WE WORK ONLY WITH PROVEN INVESTORS. ALL INVESTORS IN THE SYNDICATE UNDERGO A KYC PROCEDURE, CONFIRMING THE ORIGIN OF FUNDS. SECURITY FOR INVESTORS 18
19. HOW THE SYNDICATE WORKS EXEMPT INVESTMENT ADVISER (ERA) STATUS 19 THE GARAGE SYNDICATE MANAGEMENT LLC IS A EXEMPT INVESTMENT ADVISER (ERA) REGULATED BY THE U.S. INVESTMENT ADVISERS ACT OF 1940 (THE "ADVISERS ACT"), AS AMENDED BY THE DODD-FRANK ACT, NOT ONLY REQUIRED REGISTRATION OF THOUSANDS OF INVESTMENT ADVISERS, BUT ALSO IMPLEMENTED A NEW CATEGORY FOR A NARROW CLASS OF ADVISORY FIRMS: THE EXEMPT REPORTING ADVISER. YOU CAN CHECK THE CURRENT STATUS OF ALL ERAS ON FINRA'S WEBSITE BY ENTERING THE REGISTRATION NUMBER CDR 317618/SEC 802-123295.
20. INVESTMENT HORIZON OUR INVESTMENT HORIZON IS THREE YEARS. USUALLY THIS IS ENOUGH TIME FOR THE COMPANY'S VALUATION TO INCREASE TO THE EXPECTED VALUE, AND OPPORTUNITIES TO SELL THE SHARES OPEN UP. 20
21. THE MAIN OPTIONS FOR SALE THE EXIT OF A COMPANY THROUGH AN IPO OR THE SALE OF THE COMPANY THROUGH A MERGER OR ACQUISITION. THIS IS THE MOST OBVIOUS WAY OUT, BUT IT IS TIED TO THE STRATEGY OF THE COMPANY AS A WHOLE, THE INDIVIDUAL INVESTOR HAS VERY LITTLE ABILITY TO INFLUENCE EVENTS. SELLING SHARES ON THE SECONDARY MARKET, USUALLY TO A LARGER INVESTOR. THIS STRATEGY IS A PRIORITY FOR US BECAUSE THE DEMAND FOR SHARES OF LATE-STAGE COMPANIES BY LARGE PRIVATE EQUITY FUNDS IS VERY HIGH. 21
22. REPORTING OUR INVESTMENT AGREEMENTS ALWAYS INCLUDE A PROVISION TO INFORM THE SYNDICATE ABOUT THE STATUS OF THE PORTFOLIO COMPANY, USUALLY ON A QUARTERLY BASIS. 22
23. PLEASE CONTACT US AT: www.t16e.com info@thegaragesyndicate.com Join to us THANK YOU!