[j_shi]

Awesome to see innovation from capital providers on the instrument in the wild. As a niche market founder wish option like Earnest existed when we were raising early financing.

Curious - to extent you're willing to share - what dynamics are like for LPs (assuming raising outside). Since median vc fund return is barely 1x, and traditional VCs sometimes blow up otherwise good niche companies by forcing them to go big or bust, targeting 3-5x returns with way faster liquidity for investors a super interesting alternative.

And if the niche market turns out to be a massive market, can still go in with eyes wide open!

[tylertringas]

> As a niche market founder wish option like Earnest existed when we were raising early financing.

Can't tell you how often I hear this.

> what dynamics are like for LPs

Can't really say much on this because SEC. But yes, being better than the average VC fund (not to mention better liquidity and lower concentration of returns) is not a high bar IMHO.