Standard Ledger Ventures

A match made in investment heaven.
Illustration of a man passing a cog to a woman at a computer with a rocket with a dollar sign on the screen

Batter up

Why do great baseball players have great batting averages? Because they only swing at balls in the best zone.

Just like us… except with startup investments.

We find great opportunities for you. You choose whether to take a swing or not.

Batter up

Why do great baseball players have great batting averages? Because they only swing at balls in the best zone.

Just like us… except with startup investments.

We find great opportunities for you. You choose whether to take a swing or not.

baseball girl ready to swing

Who we are

We’re Standard Ledger – a startup-focused accounting firm.

We work with hundreds of Aussie startups as their bookkeepers, payroll managers, financial modellers and hands-on CFOs.

We love helping them succeed.

That’s why we started Standard Ledger Ventures – an Aussie Angels investment syndicate to channel our own investment in startups, while also helping investible startups get the funding they need.

It’s a match made in investment heaven.

Missed our virtual fireside chat with Cheryl Mack from Aussie Angels? Catch it here.

Standard Ledger
aussie angels

How it works

1. You join Standard Ledger Ventures, managed by Aussie Angels. ​
2. We spot a strong startup investment opportunity within our client network.
3. You decide if you’ll join the investment.
4. Repeat from step 2 (about 4 times/year).

How it works

1. You join Standard Ledger Ventures, managed by Aussie Angels.
2. We spot a strong startup investment opportunity within our client network.
4. Repeat from step 2
(about 4 times/year).
3. You decide if you’ll join the investment.

Answers to your questions

A syndicate is a group of investors who invest together as one entity on a cap table.

Standard Ledger Ventures is an investment syndicate. If you join us, we share opportunities with you in startups that we believe are worth investing in. If you choose to invest in a deal, it’s all managed through Aussie Angels in a clear and transparent way.

As experienced financial professionals, we’re happy to answer any questions you have along the way and so are Aussie Angels. For now, you can find more info on their site or reach out to our Founder, Remco, on remco@standardledger.co

You need to be considered a ‘wholesale investor’ to join SL Ventures. The same goes for any Aussie Angels investment syndicates.

Usually, being a ‘wholesale investor’ means you’re either:

  1. A ‘sophisticated investor’ as certified by a qualified accountant (if you need this service, we can provide it). To meet the ‘sophisticated investor’ test, you need to have assets worth $2.5 million or annual salary of $250,000 over the last two years
    OR 
  2. A ‘professional investor’ – meaning you manage an investment fund of $10 million or more 

If you’re not sure whether you meet the ‘sophisticated investor’ test but you’ve got finance industry and/or solid startup experience, feel free to reach out to our founder, Remco, for a chat.

Standard Ledger doesn’t charge anything to join the syndicate.

Once you join, you’ll be invited to invest in deals. You don’t have to though – there’s no commitment to invest in any of the deals you’re invited to.

If you do choose to invest in a deal, there is a 6% Aussie Angels deal set up fee, which comes out of the amount you invest. If this is your first time investing with any Aussie Angels managed syndicate, you will also be charged a one-time $60 onboarding fee. This is charged on top of your investment amount.

Aussie Angels’ FAQs provide more detail on deal fees. 

If you join our syndicate, you’ll have inside access to some of Australia’s best-managed startups! 

What that means is: When we find an opportunity to invest in a startup we’re excited about, that startup founder/team will put their pitch to our syndicate. 

These startups will be from within our network and client base. They won’t come to us via cold pitches from founders we’re not connected to.

You’ll have a chance to review the pitch and background financials, ask us any questions you have, and then decide if you’re going to invest in that particular opportunity. 

Remember, there’s no commitment to invest in any of the deals you’re invited to.

If you do choose to invest in a deal, there will be fees associated with it as syndicate investors share the cost of setting up and managing the deal. Aussie Angels’ FAQs provide more detail on deal fees and the deal carry is explained in the question below.

That depends on the deal at the time.

We’ll set a minimum for each deal (probably between $5,000 and $10,000) and you can choose whether to invest that, or more (or not at all).

In investment deals, there is usually a ‘carry’. This is the percentage of the deal return that goes to the lead investor/s as a form of payment for their work in finding and managing deals.

Often, this is 20%. For Standard Ledger Ventures, the deal carry is broken into 5% for Aussie Angels and 15% for Standard Ledger, for bringing the deal to the syndicate.

Here’s an example

Standard Ledger brings a $200,000 investment opportunity to the syndicate. Standard Ledger Ventures invests $20,000 and offers the remaining $180,000 to the syndicate.

If the investment is successful, the syndicate investors first receive their $180,000, after which every dollar of the syndicate’s profit is split 80% to the syndicate investors, 15% to Standard Ledger Ventures and 5% to Aussie Angels.

There is a bit of uncertainty around the economy and the state of technology markets at the moment. But we believe in the fundamental premise that today’s technology companies will be tomorrow’s stock market leaders (or will be acquired by them).

So while it’s never a good time to invest without caution, we believe opportunities in early stage tech companies are well worth considering.

Our commitment to people who join Standard Ledger Ventures is to only bring them opportunities from startups that we know well, mostly because they’re our clients. We won’t be accepting pitches from people outside that network. 

We set up Standard Ledger Ventures because we have such clear visibility into early stage startups, financially and by working with founders and their teams. 

We reckon that’s good for them, for us and importantly, for investors in our syndicate.

We’ve got this

When it comes to startups’ financial positions and growth potential, it’s safe to say we know what we’re doing.

We’ve worked long and hard with startups as they’ve grown from 2 founders into companies with 100+ people in 4 countries.

We’ve helped clients raise investment from Rampersand, Square Peg, AirTree, Giant Leap Fund and more.

Our pipeline of early stage startup clients is growing. And while it’s always about the founders, we believe Standard Ledger managed startups are well positioned for success.

We’ve got this

When it comes to startups’ financial positions and growth potential, it’s safe to say we know what we’re doing.

We’ve worked long and hard with startups as they’ve grown from 2 founders into companies with 100+ people in 4 countries.

We’ve helped clients raise investment from Rampersand, Square Peg, AirTree, Giant Leap Fund and more.

Our pipeline of early stage startup clients is growing. And while it’s always about the founders, we believe Standard Ledger managed startups are well positioned for success.

Remco and two women smiling in a meeting

We’ll only bring you deals that we’d happily invest in.

And we’re finance people.