How will I get paid for a successful deal?

YESSS!! An Investor has invested in a deal you scouted πŸ€œπŸ€›

The next steps are as follows:

  1. If we already have your tax residency and payment information on file, both you and the Investor in question will receive an email with an invoice (which we facilitate on behalf of you) for the success fee.
    1. If we don't already have your tax residency and payment information on file, we'll reach out to you for that. And then we'll send an email to the Investor (don't worry, you'll be cc'd) with an invoice for your success fee.
  2. We wait for the Investor to wire the money into a Client Account that we oversee.
  3. Once the money has been wired, we will then transfer the success fee minus our commission fee (20% + VAT) to you. You'll also receive an email with a copy of our invoice for the commission fee for record keeping.

And that's it! You got paid and most importantly, a startup in your network got funded ❀️

 

NB: It is your responsibility as a scout to comply with your local tax authority’s filing requirements. Please consult a qualified accountant to ensure you are staying compliant.