To ease logistical burden for founders and solve problems with having too many stockholders on the cap table, we are now using special-purpose vehicle (SPVs) for most new fundraises. This means we'll set up an LLC that exists for the sole purpose of investing in each startup. All investors pool their capital into the SPV, which then invests in the company as 1 entity. If there are early bird terms, a separate SPV will be set up to hold the early bird investors. 

We'll set up these SPVs at no extra charge to companies or investors.