Adro Investment Last Call

Dear Friends of Red Bear Ventures:

Quick last call reminder: 80% of the Adro allocation is now spoken for and - per the note below - the round is closing this Friday.  

https://angellist.com/i/d8uvB-r

Hope everyone had a terrific break - Happy 2025!

Dan and Gus

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[Sent 12/19/24]

Dear Friends of Red Bear Ventures:

Several of you have expressed an interest in investing in Adro but have been unable to hit tomorrow's deadline because of holiday travel.  As a result, we asked the company for an extension and they gave us until January 10th to close.  We'll send one final "Last Call" reminder on January 6th.

Thanks to those of you who have already joined the syndicate.

Enjoy the holidays, everyone!

Dan and Gus

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To make an investment, please follow instructions at the AngelList link below (you will be prompted to set up an AngelList account if you do not have one already):

https://angellist.com/i/d8uvB-r

Refresher on Adro:

This investment opportunity is in the pre-seed round of Adro, a virtual banking platform targeting a) international students studying in the US, b) international visa holders working or participating in exchange programs in the US, and c) foreign businesses looking to set up bank accounts in the US. Founded by veterans of Amazon, Mastercard and Uber (two of whom are Cornell MBAs) and started at Cornell Tech, the company launched its platform in September and has already signed up 1,500+ accounts from 100+ referring institutions (colleges, corporations, etc), and has a total of $1.8M in deposits.

Our allocation is $250K of a $650K financing, and the minimum investment is $2000. If you'd like to learn more, please review Adro's public deck.

Refresher on the AngelList process: 

The above AngelList link will allow you to join the Red Bear Ventures syndicate on AngelList, where you will be prompted to set up an investor account (if you do not already have one).

From there, you can review the Adro deal specifics and choose whether or not to invest. All commitments must be made by 12pm ET Wednesday January 8th.

If you choose to participate, you will be prompted to a) submit evidence of your accreditation status to AngelList and b) fund your AngelList funding account to fund your commitment. These steps must be completed by 5pm ET Friday January 10th, at which point the syndicate will be locked.  

More detail on the accreditation process can be found here. If you have any questions as it pertains to the AngelList-specific steps outlined above, please reach out directly to the AngelList LP Relations Team: lp-relations@angellist.com.

Red Bear Ventures (RBV) is a community-first investment platform which invests exclusively in companies founded by, or managed by, the students, faculty, staff, and alumni of Cornell University, one of the world’s most innovative and entrepreneurial universities. RBV invests across stages and verticals and syndicates investment opportunities to the RBV community via special purpose vehicles (SPVs). RBV is an independent platform wholly managed by its Managing Partners - it is neither affiliated with, nor endorsed by, Cornell University.

More information can be found at www.redbear.vc.

Red Bear Ventures is a service mark used under license from its owner, Red Bear Angels Management LLC, which operates the angel group, Red Bear Angels. Please see www.RBAngels.com for information.