Angel Groups Finding Syndication Can Give Them Big ImpactApril 7, 2014 – In The News
Jeffrey H. Nicholas was quoted in the NJBIZ article, "Angel Groups Finding Syndication Can Give Them Big Impact." Full text can be found in the April 7, 2014, issue, but a synopsis is noted below.
Collecting capital from several angel investor groups, a process known syndication, is changing the venture capital game, according to some in the industry.
For most, syndicated partnerships are relatively loose, said Jeffrey Nicholas. Some groups formalize the agreement with a treaty or sorts, but Nicholas said such treaties often read like a version of the Golden Rule.
“You assume that if they’re putting their money into it, they’re not leaping into it without having looked under the hood. But still, you’re trusting that they did look under the hood,” Nicholas said.