The Deal Lead Role

Background

As an angel investment syndicate, we believe it is important for 99 Tartans members to play an active role in the startups we invest in. The deal lead role is critical to every deal that we invest in and acts as both an advocate and a source of due diligence.

Responsibilities

The deal lead responsibilities are as follows:

  • Complete due diligence and present findings in the form of a deal memo to be sent out to all members at least one week before pitch night

    • MBA Partners will provide a template to use

  • Contribute at least 10% of the entire 99 Tartans check

    • Deal leads are not required to invest more than $20k if the investment grows past $200k

  • Advocate for the startup during pitch night

  • Help maintain the relationship with the startup during and after the investment (providing future updates to the rest of the investors) 

Carry

As an incentive for the deal lead’s work, deal leads will receive an additional 10% of carry from the investment.

Co-Leading

Multiple members can work together to co-lead 99 Tartans deals.

Co-deal leads are subject to the same requirements and carry as listed above with the following clarifications:

  • Together, co-deal leads are expected to contribute at least 10% of the 99 Tartans check and may split the amount however they see fit

  • Together, co-deal leads will receive 10% of the carry and may split the carry however they see fit

Working with MBA Partners

  • 99 Tartans MBA Partners will be responsible for the majority of communication regarding the open deal

  • If the Deal Lead has pertinent information regarding the startup to share prior to pitch night, the Deal Lead must utilize the MBA Partners to publish communications

  • If the Deal Lead has pertinent information to share post pitch night, the Deal Lead can

    • Utilize the MBA Partners to publish communications

    • Share information directly with the 99 Tartans syndicate members via Gust