- Last Money In - Newsletter on Venture Capital Syndicates
- Posts
- Boardy.ai: Our Inaugural 506(c) Offering — 0% Carry for Deal Sheet Members
Boardy.ai: Our Inaugural 506(c) Offering — 0% Carry for Deal Sheet Members
a newsletter about VC syndicates
We're excited to share a milestone moment with our Last Money In community. For the first time, we're opening up participation in one of our investment deals to accredited investors through a public offering under Rule 506(c).
This represents a significant evolution in our approach to deal-making. While we've traditionally operated in the private investment space, we believe that creating more accessible investment opportunities - while maintaining rigorous standards - allows us to better serve both promising companies and interested investors.
Our inaugural public offering centers on Boardy.ai, a founder we're particularly enthusiastic about. The company's leadership team shares our vision for transparent, community-driven fundraising, making them an ideal partner for this new chapter.
As with all our investments, we've conducted thorough due diligence and structured this opportunity to align with our established investment principles. The key difference is that we're now able to share these opportunities more broadly with qualified investors.
This post constitutes an announcement only and is not an offer to sell or a solicitation of an offer to buy any securities. Any such offer will be made only through appropriate private placement documentation. This is not an offering memorandum.
The Opportunity: Boardy.ai - Reimagining Professional Networking Through AI
We're thrilled to present our investment opportunity in Boardy.ai, a revolutionary professional networking platform that's reimagining how meaningful connections are made through AI technology. Led by Andrew D'Souza, the founder who previously scaled Clearco to $100M in revenue and a peak $2.5B valuation, Boardy.ai has already attracted investment from premier venture firms including 8VC, Afore Capital, Precursor Ventures, NextView, and Soma Capital.
Why Boardy.ai Stands Out
Boardy.ai represents a fundamental shift in professional networking. While traditional platforms like LinkedIn have become increasingly static and engagement-driven, Boardy leverages the power of conversational AI to create genuine, valuable connections. Here's how it works:
Users simply provide their phone number to get started
They receive a call from Boardy, an AI assistant
Through natural conversation, users share their current projects and goals
The AI analyzes the network for relevant connections, considering both professional alignment and personality compatibility
Users can engage weekly for continuous networking opportunities
The platform has already demonstrated success in several key areas:
Connecting founders with potential customers and investors
Facilitating introductions to accelerator programs
Matching co-founders
Creating valuable connections within the VC ecosystem
Why Now?
We believe Boardy.ai is positioned at the perfect intersection of market timing and technological capability. Traditional social media-based networking has reached a saturation point, with platforms optimized for engagement rather than authentic relationship building. Conversational AI has reached a breakthrough point - what we might call the "conversational singularity" - where AI-driven interactions can be as effective (if not more so) than traditional networking methods.
The vision extends beyond simple networking - Boardy.ai is building a networked intelligence. By routing the right requests to the right humans at the right time, the platform has the potential to accelerate problem-solving across industries and domains.
Recent Momentum
The company recently announced the successful close of their $3M Seed round, with participation from an impressive roster of investors including 8VC, Afore Capital, FJ Labs, Precursor Ventures, NextView, Soma, and HF0.
Special Offer for Deal Sheet Subscribers
As part of our commitment to providing exceptional opportunities to our community, Deal Sheet subscribers can invest in Boardy.ai with 0% carry fees.
Investment Details and Documentation to Evaluate Boardy Here
While our standard investment vehicles carry a 20% profit share (carried interest), we're offering a unique opportunity for Deal Sheet subscribers to invest in Boardy.ai with 0% carry. This means Deal Sheet subscribers keep more of their profits from this investment.
As a reminder, Deal Sheet is our curated premium investment newsletter that gives subscribers exclusive access to some of the most promising venture capital investment opportunities. Subscribe to Deal Sheet today to unlock preferred terms on the Boardy.ai investment and future opportunities: Deal Sheet Subscription Link
**This section provides an overview of the investment opportunity and is not a complete description of all material terms. Please refer to the full investment documentation for complete information.
💵 Last Money In Deals: We have made over 800 startup investments. Accredited investors & qualified purchasers within the LMI community can now gain access to our alternative investments such as venture, late-stage growth, and private equity through our deal flow sheet. Interested (it's completely free)? Fill out this form.
💰Reader Survey: As part of our valued readership, we’d love to get to know you more. Help us understand our fast-growing audience of 50,000+ by completing this quick survey. To show our thanks, two participants will receive a $100 gift card." 1 minute survey here.
👜Try Deal Sheet for Free: Want to join hundreds of subscribers in trying Deal Sheet, our premium newsletter that provides you access to the top venture deals with discounted carry. Try Deal Sheet for free for 7 days here.
🐦 Follow Us: Visit Alex’s Linkedin and Zach’s X account for constant updates on all things venture capital, SPVs and more!
Last Money in is Powered by Sydecar
Sydecar empowers syndicate leads to manage their investments more effectively. Organize, manage, and engage your investor network effortlessly with Sydecar’s management and communication tools. Their platform also automates banking, compliance, contracts, tax, and reporting, freeing up syndicate leads to focus on securing deals and strengthening investor relations. Elevate your syndicate operations with Sydecar.
Deal Sheet Free Trial. Start your 7 day trial here!
Deal Sheet provides accredited investors:
Access to some of the best startup opportunities across the VC syndicate ecosystem (est. 150-200 deals on Deal Sheet per year) and
All Deal Sheet deals come at discounted carry – all opportunities on Deal Sheet are listed at 10% carry (versus 20% standard) with select opportunities (at our discretion) at 0% carry.