When the investment is made, we open a dedicated LLC for each company and investment round. Each LLC exists as a separate legal structure within the Network VC Syndicate Fund.
Everyone who participates in the transaction becomes a shareholder in the LLC, proportionally to their investment. Different terms are offered - convertible note, preferred stock, SAFE notes, etc.
Each individual series is managed by Startup Professional Network, Inc. a company registered under the laws of the United States.
Upon entering the transaction, the investor signs a package of documents, the main one being the Separate Series Operating Agreement. In turn, an agreement is signed between the startup and the fund, reflecting all the conditions of the particular deal.