#11 Episode - A Framework for Venture Capital Fund Law
lawofvc.substack.com
KEY TAKEAWAYS: Section 3(c)(1) venture funds have 100-beneficial owner limits (not 99!) plus any number of knowledgeable employees. Two parallel fund structures can be formed without integrating them. Each Section 3(c)(1) fund must be limited to 100 or 250 beneficial owners, unless it is a Section 3(c)(7) fund, in which case 1,999 Qualified Purchasers may join before the fund must be publicly listed.
#11 Episode - A Framework for Venture Capital Fund Law
#11 Episode - A Framework for Venture Capital…
#11 Episode - A Framework for Venture Capital Fund Law
KEY TAKEAWAYS: Section 3(c)(1) venture funds have 100-beneficial owner limits (not 99!) plus any number of knowledgeable employees. Two parallel fund structures can be formed without integrating them. Each Section 3(c)(1) fund must be limited to 100 or 250 beneficial owners, unless it is a Section 3(c)(7) fund, in which case 1,999 Qualified Purchasers may join before the fund must be publicly listed.