[csentropy]

It is a complex structure under the hood. There is a master LLC, holding c corp and an investment advisor.

Tax implications for the founders are similar to their founder stock obligations, when liquidation happens

[lachyg]

Is contributing to the fund a taxable contribution? I would assume so since it's a diversifying event.

[geoburke]

Contribution is done through a note. Not taxable until the transfer of shares upon some liquidity/exit event in the future.

[beambot]

So it's a forward contract...?

[geoburke]

Yes, we see that as most frictionless way to accomplish this at scale

[lachyg]

Is there more that can be read on this somewhere? How it's taxed, what're the implications, how is it structured?

[csentropy]

Great questions, it will be on our FAQ page