Automotive Ventures Investment Club Members,
It was nice to see many of you on today’s call with
Automotive State of the Union
(
).
As a reminder, Automotive Ventures is excited to share an investment opportunity in ASOTU. Because of our close working relationship with the company, we were able to secure a
$150k allocation
in this round for investment from our LPs and Investment Club members.
Thanks to those of you who have already requested an allocation.
To those who haven’t, below are several resources you may find helpful to evaluate the investment opportunity:
Allocation Guidance:
We ask all investors wishing to receive an allocation to notify us by
end of day on
Tue, Feb 28th
with their desired commitment amount ($).
One note: We expect our allocation of
$150k
to be oversubscribed by our LPs and Club members. As such, we may not be able to secure your desired allocation amount. We will confirm allocations by Wed, March 1st.
Deal Terms & Fees:
Seed Round: Raising $680k total on a
at a $7.5 million pre-money valuation Cap. We have a $150k allocation available to our LPs and Investment Club members.
The SPV (our investment vehicle) fee structure will mirror best practices established by the
, with a one-time 2% management fee and 20%
. Each investor will share proportionally in the Special Purpose Vehicle (SPV) setup fee, expected to be $5k.
Please let us know if you have any questions.
Many thanks,
Steve Greenfield
678.576.9972
