SPV Readiness Quiz

Use Sydecar's SPV Readiness Quiz to ensure you're ready to move at the speed of the deal and prevent any operational delays.

Choose the option that best describes your deal.

Selecting an option will navigate to the next step.

1. Investing directly into a company using a SAFE
2. Investing directly into a company via Convertible Note
3. Investing directly into a company via Priced Equity Round
4. Purchasing Secondary Shares
5. Purchasing a Secondary Interest from an existing investor in another Fund or SPV
6. Investing into a Fund or another SPV

Do you have at least one of the required documents for your SAFE?

Select One

1. Target company-drafted term sheet
2. Draft SAFE
3. Letter of Intent (LOI)
4. None

Do you have at least one of the required documents for your convertible note?

Select One

1. Target company-drafted term sheet
2. Draft Convertible Loan Note (CLN) or Convertible Promissory Note (CPN)
3. None

Do you have at least one of the required documents for your priced round?

Select One

1. Target company-drafted term sheet
2. Draft stock purchase agreement
3. None

Do you have at least one of the required documents for your secondary shares?

Select One

1. Target company-drafted term sheet
2. Letter of Intent (LOI)
3. Draft stock transfer agreement
4. None

Do you have at least one of the required documents for your secondary interest from an existing investor?

Select One

1. Target company-drafted term sheet
2. Letter of Intent (LOI)
3. Draft stock transfer agreement
4. None

Do you have at least one of the required documents for investing into a fund or another SPV?

Select One

1. Private placement memorandum (PPM)
2. Subscription agreement from the target fund
3. A series agreement/LPA / LLC agreement from the target fund
4. Term sheet from the target fund
5. None

Do the documents clearly identify the following investment terms for your SAFE?

Select all that apply

1. Valuation cap
2. Discount rate

Do the documents clearly identify the following investment terms for your convertible note?

Select all that apply

1. Valuation cap
2. Discount rate
3. Interest rate
4. Accrual basis (Actual / 360 / 365)

Do the documents clearly identify the following investment terms for your priced equity round?

Select all that apply

1. Round name (Seed, Series A, etc.)
2. Valuation
3. Price per share

Do the documents clearly identify the following investment terms for your secondary purchase?

Select all that apply

1. Seller name
2. Price per share
3. Round name (Seed, Series A, etc.)

Do the documents clearly identify the following investment terms for your secondary interest from an existing investor?

Select all that apply

1. Seller name
2. Price per share
3. Round name (Seed, Series A, etc.)

Do the documents clearly identify the following investment terms for your investment into a fund or another SPV?

Select all that apply

1. Target investment’s private fund type
2. Investor Certification Requirement

Do your deal documents clearly identify the following?

Select all that apply

1. Company legal name
2. Jurisdiction (where the company is registered)
3. Entity type and taxable status (LLC, C-Corp, LP, etc.)
4. Security type (SAFE, preferred stock, note, etc.)

Do your deal documents for your investment into a fund or another SPV clearly identify the following?

Select all that apply

1. Fund type
2. Legal Fund Name Option
3. Fund jurisdiction
4. Entity type and taxable status
5. Security type

Are you charging a management fee for the SPV?

Select One

1. Yes
2. Unsure
3. No

Are you charging a management fee? If so, do you know the target’s management fee annual rate & target’s management fee years payable?

Select One

1. Yes, and I can confirm both the annual rate & years payable
2. Yes, but I’m unsure about either the annual rate or years payable
3. Unsure
4. No, not charging a management fee

Will your SPV charge carry?

Note: more than one LP must participate if carry is not being charged to qualify as a pooled vehicle Select One

1. Yes
2. Unsure
3. No

Have you confirmed that all of your investors are accredited?

Select One

1. Yes
2. Not yet
3. No

Are either the target company or your LPs requiring a side letter?

Select One

1. Yes, they are requiring it and it’s finalized
2. Yes, they are requiring it, but it hasn’t been finalized
3. Unsure
4. No, they’re not requiring one

Do you have a GP entity or management company you'll use to manage this SPV?

Select One

1. Yes
2. Not yet, but we're in the process of creating one
3. No

Almost done!

Let us know your name and email so we can send over what you'll need to launch your SPV.

Work Email

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First name

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Last name

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You're SPV Ready!

Based on your answers, you’re well-positioned to launch quickly. Get Started on Your SPV

You're Close to Being SPV Ready

Keep an eye out for an email from us on what you'll need to launch with minimal delays. Get Started on Your SPV

You're Partially SPV Ready

Keep an eye out for an email from us on what you'll need to launch with minimal delays. Get Started on Your SPV

You're Not Quite Ready to Launch

Keep an eye out for an email from us on what you'll need to launch with minimal delays. Get Started on Your SPV

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