Angel investors often press entrepreneurs to allow them to invest below the round minimum, but it can create future problems for the company

Does an investment syndicate (SPV) need to file an annual tax return? Not necessarily.

Setting up an SPV is easy, it's managing it over the 10+ years until it liquidates that most people overlook. A discussion of SPVs long term

No good deed goes unpunished. Angel group organizers often make the mistake of donating their time up front and leaving in frustration later

A discussion of compensation for managers of single purpose investment vehicles, or SPVs.

Accepting small investors directly on the cap table may be easy now, but investors who counsel founders to do so are creating trouble later.