It’s not just about finding great startups, it’s about knowing which ones to back. That’s where we come in.
Jumpstart Your Investing Journey
Investors apply to join our syndicate and we will enroll you into our deal email list.
STEP 1:
We send out deal invitations 1-2x per quarter. In that invite, you’ll get access to a deal data room (deck, investment memo and various company materials), an invite to a live Q&A session with the founder(s), and a link to an interest form to secure an allocation.
STEP 2:
After completing our interest form, we will send you access to our investor portal to complete legal paperwork and to wire your funds.
STEP 3:
You’ll receive an annual investor K1 for taxes the year after your investment closes (e.g., if you invested in 2023, you’ll get your K1 in 2024 for that year) if the company has a material financial transaction.
STEP 4:
so why invest with our team at JourneyOne?
Our syndicate invests in early to growth stage companies (pre-seed to Series C), with a focus on frontier health and wellness across software, biotech, consumer tech and digital health.
Zero membership fees + flexible deal-by-deal participation
Exclusive access to top deals, with co-investment from tier 1 firms like GV (fka Google Ventures), Founders Fund, and Seven Seven Six.
Access to top health and wellness perks for our members.
J1 Featured In
FAQ: Angel Syndicate
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Accredited investors
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Read our blog here
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No fee to join! We provide opportunities to invest in single-asset funds. You can opt-in or opt-out on a deal-by-deal basis.
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All of our opportunities have passed our rigorous diligence process and are led by the JourneyOne investment team. We’ll give you access to all of the info we can share about the company in a data room such as our investment memo, company deck, investment terms of the company and SPV, and a demo of the platform or sample of products. We also invite our investors to a live Q&A info session with the founders.
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For ongoing communications, you can expect progress updates when the company sends them to us. We check in with our companies every quarter but they aren't always prompt in giving us updates on time.
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What is carry?
Carry is the profit split between investors (LPs aka limited Partners) and syndicate leads (GPs aka general partners).
Common structures are 90/10 or 80/20. E.g. 80% of the profit goes to the LP and 20% goes to the GP.
Carry is only paid after all the LPs receive their principal investment back.
Fees:
Membership fee: We don’t charge a membership but some syndicates charge each member $2-5k+ annually for access to deals.
SPV setup fee: ~$8-12K. This is split amongst all of the investors in the SPV.
Management fee: 2-2.5% paid up front. These fees cover the syndicate’s operational expenses.
For more detailed information, go to our blog here.
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JourneyOne Ventures fund LPs get priority access to our SPV allocations and discounted carry.
To learn more on how to become a J1 LP, fill out this form.
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A Schedule K-1 is an IRS tax form that reports the gains, losses, interest, dividends, and other distributions of a business or financial entity’s partners from the previous tax year.
Some fund admin providers have different processes so it’s important to clarify that some providers send out K-1s even when it is not required.
Fund admins are only required to issue K-1s to investors if the SPV has a taxable event (e.g., convertible or SAFE note conversions into equity, entity dissolution, an exit, IPO, dividend distribution).
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Carry refers to carried interest and represents the percentage of profits that will be paid to the GP after capital is returned to investors.
Example:
SPV raises $1M with 20% total carry
Portfolio company exits and $10M is distributed back to the SPV
The carry will be ($10M - $1M) * 20% = $1.8M
As a result, $8.2M will be distributed to LP's and $1.8M will be paid to the GP as carry.