Yes you are correct. No agreements or anything.To be clear, you mean you are planning on investing, right? They won't take any money yet, so far as I know.
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Yes you are correct. No agreements or anything.To be clear, you mean you are planning on investing, right? They won't take any money yet, so far as I know.
I sent you a message on LinkedIn as TMC or Twitter will not allow me to message you.https://twitter.com/davidzhao365/status/1354901109693845505?s=21
I have a lead to get in SpaceX investment, DM me your name, citizenship, background, LinkedIn page, how much you want to put in ASAP pls. And your past investment in other private companies pls
Verify my Twitter above pls thanks
https://twitter.com/davidzhao365/status/1354901109693845505?s=21
I have a lead to get in SpaceX investment, DM me your name, citizenship, background, LinkedIn page, how much you want to put in ASAP pls. And your past investment in other private companies pls
Verify my Twitter above pls thanks
Hey David, what are the ways to message you?
As a starter, if anyone is interested in the future, some tips I learned.
1. For all the leads I know, they require the Qualified Purchaser status. Not Accredited Investor.
2. If this is your first, be familiar with terms like: access fee, management fee and carry
You need to prepare yourself to get used to the 20% carry. Basically the seller takes 20% of the gain when you exit.
Many beginners find that hard to accept.
3. Cash needs to be ready. I needed to make a decision within 24 hours to book a block and I am asked to wire in the money within 3 days. Usually the money needs to move from broker to bank then to your seller's bank. That can take time and you might hit some limit about how much you can transfer out per day or per month by your broker or bank.
4. Study the SPV legal structure and legal docs. Super long to read and I only have 1 day to sign.
As a starter, if anyone is interested in the future, some tips I learned.
1. For all the leads I know, they require the Qualified Purchaser status. Not Accredited Investor.
2. If this is your first, be familiar with terms like: access fee, management fee and carry
You need to prepare yourself to get used to the 20% carry. Basically the seller takes 20% of the gain when you exit.
Many beginners find that hard to accept.
3. Cash needs to be ready. I needed to make a decision within 24 hours to book a block and I am asked to wire in the money within 3 days. Usually the money needs to move from broker to bank then to your seller's bank. That can take time and you might hit some limit about how much you can transfer out per day or per month by your broker or bank.
4. Study the SPV legal structure and legal docs. Super long to read and I only have 1 day to sign.
As a starter, if anyone is interested in the future, some tips I learned.
1. For all the leads I know, they require the Qualified Purchaser status. Not Accredited Investor.
2. If this is your first, be familiar with terms like: access fee, management fee and carry
You need to prepare yourself to get used to the 20% carry. Basically the seller takes 20% of the gain when you exit.
Many beginners find that hard to accept.
3. Cash needs to be ready. I needed to make a decision within 24 hours to book a block and I am asked to wire in the money within 3 days. Usually the money needs to move from broker to bank then to your seller's bank. That can take time and you might hit some limit about how much you can transfer out per day or per month by your broker or bank.
4. Study the SPV legal structure and legal docs. Super long to read and I only have 1 day to sign.
Seems like the fund will have a choice to give you stock or cash at that point. I don't love that part but that's the game I guess.My experience with Forge Global was similar. Granted was two years ago... Did need to do the QP deal.
But nothing about a carry. They did have 5% broker fee to facilitate transactions....
Did have a long agreement to parse. But had more than 24 hours.
As for the money being ready to go, well of course.
What I would like to see is what happens with shares when company actually goes public. I will find out as one of the companies I own just went with a SPAC. Let's see how that works....
Cash needs to be ready. I needed to make a decision within 24 hours to book a block and I am asked to wire in the money within 3 days. Usually the money needs to move from broker to bank then to your seller's bank. That can take time and you might hit some limit about how much you can transfer out per day or per month by your broker or bank.
My experience with Forge Global was similar. Granted was two years ago... Did need to do the QP deal.
But nothing about a carry. They did have 5% broker fee to facilitate transactions....
Did have a long agreement to parse. But had more than 24 hours.
As for the money being ready to go, well of course.
What I would like to see is what happens with shares when company actually goes public. I will find out as one of the companies I own just went with a SPAC. Let's see how that works....
Never going to see my money invested in SpaceX with those barnacles taking a big chunk for nothing. Lots of other places to put my money to good use.No more 0 carry deals since Aug 2020 based on what I see. Now the market average is 20%. I mean for SpaceX of course. Hope the 0 carry days will be back some day.
No more 0 carry deals since Aug 2020 based on what I see. Now the market average is 20%. I mean for SpaceX of course. Hope the 0 carry days will be back some day.