

How to Commercialise Your Syndicate
Syndicate Playbook Webinar Series #4: How to Commercialise Your Syndicate
Building a syndicate is one thing but making it sustainable is another.
In this session, we’ll dive into one of the most nuanced (and often misunderstood) aspects of running a syndicate: how to thoughtfully structure and communicate fees, costs, and carry.
Joined by experienced operators and syndicate leads: Oliver Rye (Hersir Ventures),
Daniel Mician (dmq ventures),
and Jonathon Ilett (Revenue Syndicate)
This conversation will explore how different models actually work in practice, what LPs expect, and how to strike the right balance between alignment and economics.
Moderated by Sasha Batica (Mara), this will be a candid, free-flowing discussion unpacking real-world approaches, trade-offs, and lessons learned.
Whether you’re launching your first syndicate or refining your model, this session will give you a clearer view on how to build something both investable and durable.
What we’ll explore
How syndicate leads think about fees vs. long-term alignment
Common structures for management fees, SPV costs, and carry
What LPs are actually willing to pay (and why)
Mistakes and lessons from early syndicate setups
Evolving models: revenue share, hybrid structures, and beyond