Angel Investing
SPV Investing: How to Structure, Launch, and Profit from a Special Purpose Vehicle
In the spring of 2021, a fintech founder I know closed a $3 million Series A with a single line on her cap table representing 22 individual angel checks. Those angels weren't wealthy enough to write $100,000 tickets on...
Jeff Barnes, MBA··10 min read
Angel Investing
SPV Investing Explained: How Special Purpose Vehicles Are Reshaping Angel Deals
The mechanics of angel investing have undergone a quiet revolution over the past decade, and much of it has been driven by a single structural innovation: the special purpose vehicle. SPVs have fundamentally changed who can participate in angel deals, how capital is aggregated, and how startups mana
AIN Editorial Team··10 min read