TLDR

• 3 deals launched during the week
• 2 major procedure changes
• We’re now an Open Startup: ruvalliance.com/open coming soon
• DealBot Adoption
• Request for Comment on monetization strategy coming soon
• Paused on hiring contractors

Deals

• Deal Pipeline

  • 4 deals are in memo production stage

• North Star Metric: Deals Published

  Week ending	Deals published	Deals Published to Date	Deals closed	Deals Cancelled
  8/14/22	3	9	0	2
  8/7/22	0	6	1	4
  7/31/22	4	6	0	0
  7/24/22	0	2	0	0

Procedure Changes

Deal Launch

We sometimes publish deals for which we do not already have $80k in non-binding commits. These deals often have time sensitivity or other factors. It is often not workable to wait and see if the community has >$80k in interest without prompting for commits.

For these deals, we will no longer form the SPV in parallel to the memo. We will instead complete the memo first and then publish it to the members with a non-binding commit form. If we then receive at least $80k in soft commits, we will form the SPV

This should reduce the percentage of cancelled SPVs relative to launched. Doing this helps us maintain good relations with our SPV admin partners. This will also help make the deal process more predictable for founders.

Pro Rata

Our previous policy was to not ask for pro rata rights and to decline it if offered. I am changing this policy to accept pro rata if offered, and to ask for it if it is not offered.

Reasoning:

• We are a founder friendly syndicate. We are an asset to founders on cap tables. Granting us pro rata gives founders the ability to guarantee that we have room to take part in the next round.