Russian investors unite in a syndicate to invest in internet projects

The Syndicate is a group of people, professional and private investors and representatives of professional investment structures, on a voluntary and informal basis agreed to consider Internet projects for joint investment in them, - organization website says.
Syndicate Members have the following objectives:
• Diversifying the risks by investing in more projects
• Giving the projects new opportunities for syndicated post-seed investments
• Using the competence of Syndicate members for the qualified mentoring and assisting the projects.
Projects for co-investment by syndicate members are offered only by the Syndicate members: the companies that have already received money from any of the syndicate members, or simply projects that are recommended by one of the Syndicate members.
The decision on the project investment is to be made no more than within three weeks, during which the Syndicate members are to decide whether to co-invest the project or not. The pre-conditions for investment are: the amount of money, the offered share, and other considerable terms of the investment.
The Syndicate is a private club and people are admitted to the syndicate by the personal recommendation of at least two its existing members.
That's good, when investors unite. Each investor has his own competence, which he can bring to the overall project. Moreover, the investors always want to share both financial and expertise risks and joining is really helpful, - told RIA Novosti Teleshev Alex, the Director of the Russian Venture Company Seed Fund.
Recall that in December 2011 the founder of Russia's largest social network VKontakte Pavel Durov and the founder of the DST Global investment fund Yuri Milner teamed up to launch the Start Fellows program for young developers. More than 10 projects have already received $ 25000 each under this program.
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