The Importance of a Venture Fund Structure

Nick: We're going to be aligned with our LPs by only making carry when our LPs are in the profit. And we now have three venture funds and a NFT fund, is traditional venture fund, 10-year life of the fund. Santam: I haven't really seen this, but unless you're truly able to generate kind of alpha trading or something like that on an annual basis, these hedge funds justify that type of carry structure. Nick: As a small fund, if you can, you know, maintain a relatively small fund size and be disciplined about how you're investing, I think that's the best way to generate great returns for your LPs.

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