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Sydecar

Venture deal execution and back-office automation

Staff Counsel

Legal Counsel & Legal SupportConfirmed live in the last 24 hours
Full-time$150k - $185k /yr

About the Job

Requirements

  • JD from an ABA-accredited law school and an active bar license in good standing.
  • At least 8 years of practice, the majority in investment management or private funds, at a law firm, fund sponsor, fund administrator, or fintech platform.
  • Deep expertise in the Investment Company Act and the Investment Advisers Act as applied to private funds and their advisers, including exempt reporting adviser and registered investment adviser issues.
  • Fluency in Securities Act private offering exemptions and the Exchange Act considerations that affect fund platforms.
  • A track record drafting and negotiating fund documents end to end, including limited partnership agreements, operating agreements, private placement memoranda, subscription documents, and side letters.
  • Ability to explain complex structures to product managers, engineers, and customers in plain language.
  • Comfort operating autonomously in a fast-moving startup, often as the deepest expert on the subject.

Responsibilities

  • Serve as the in-house authority on the Investment Company Act of 1940, including Sections 3(c)(1) and 3(c)(7) exemptions, beneficial ownership look-through, and qualifying venture capital funds, and on the Investment Advisers Act, including exempt reporting adviser status, venture capital and private fund adviser exemptions, registered investment adviser registration, and state requirements.
  • Own Sydecar's fund documentation, including special purpose vehicle and fund operating agreements, limited partnership agreements, private placement memoranda, subscription documents, and side letters; keep the forms current as laws and products change.
  • Advise on private offering exemptions, including Regulation D Rules 506(b) and 506(c), Section 4(a)(2), and Regulation S, and on how product flows and marketing affect them.
  • Partner with Product on novel structures, including secondaries, special purpose vehicles investing in other vehicles, and solutions for customers approaching adviser registration thresholds, and translate legal requirements into product requirements.
  • Give Customer Experience and customers clear guidance on structural questions while acting only as counsel to Sydecar.
  • Track Securities and Exchange Commission rulemaking, staff guidance, and exam priorities affecting private funds and their advisers, and turn changes into updated forms, policies, and product requirements.
  • Build and maintain a knowledge base explaining why the company's structures and documents are designed as they are.
  • Manage outside fund counsel when needed and bring routine work in-house.

Desired Qualifications

  • Experience with registered fund prospectuses.
  • Experience with broker-dealer, Financial Industry Regulatory Authority, custody, or state blue sky matters.

About the Company

Sydecar

Venture deal execution and back-office automation

Sydecar provides a deal execution platform for venture investors that automates back-office tasks like banking, compliance, contracts, and reporting. It combines software with expert support to handle regulatory and legal work, enabling investors to focus on sourcing and closing deals. It targets emerging investors such as first-time fund managers and syndicates, offering control over investor networks by inviting only selected participants. Revenue comes from transparent, capped service fees (e.g., Blue Sky regulatory fees capped at $1,500) and access to partner counsel for customized agreements.

Company size
51-200
Company stage
Series A
Total funding
$35.6M
Headquarters
San Francisco, CA
Founded
2021

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