Play Money!
Play Money! is a small financial services company founded in 2023 that offers a membership community and platform for angel investing. The company aims to democratize startup investing by providing educational resources, networking opportunities, and a streamlined investment process through Special Purpose Vehicles (SPVs).
Company Overview
Play Money! is a financial services company founded in 2023, operating with a small team of four members. The company aims to democratize startup investing, making it accessible to a broader audience. It provides a membership community and platform focused on angel investing, allowing individuals to engage in investment opportunities without requiring significant time or financial resources.
Angel Investing Services
Play Money! offers a range of services related to angel investing. This includes a six-day email course designed to educate users about the fundamentals of angel investing. The company also provides bingeable mini-courses, a curated reading list, and hosts events to enhance learning. Additionally, it offers networking features to connect next-gen angels and provides an interactive deal memo for founders to streamline the investment process.
Investment Structure
Investments through Play Money! are made via Special Purpose Vehicles (SPVs). The company charges a one-time 10% SPV administration fee and a 20% carried interest on investments. It supports investments starting from a minimum of $500, encouraging users to build a diversified startup portfolio with a focus on pre-seed and seed-stage deals curated from emerging fund managers and elite angel groups.
Community Engagement
Play Money! emphasizes community engagement through various initiatives. The company hosts virtual meetups and events to foster connections among its members. It provides curated weekly deal flow for investors and monthly updates similar to those sent to traditional investors. The platform encourages social investing powered by science and community involvement, aiming to build a diverse portfolio of 10-15 investments each year.
Partnerships and Technology
Play Money! partners with Citizens Bank to offer banking services related to its SPVs. The company utilizes Plaid for identity verification and bank account linking, ensuring a secure and efficient process for its users. This technological integration supports the company's mission to simplify the investment experience for individuals interested in angel investing.
