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A comment on The Sequoia Fund: Patient capital for building enduring companies. Parent comment

Re:The Sequoia Fund: Patient capital for building enduring c... by thesausageking on Tuesday October 26, 2021 @03:57PM (#29005477)
a16z restructured themselves into an RIA and is no longer a VC fund according to the SEC. By giving up the VC fund exemption, they have to follow the regulatory rules for hedge funds including background checks for employees, many more disclosures, 13F filings, etc.

They did it because the change lets them to invest in public company stock, buy secondaries, buy crypto tokens, etc.

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Re:The Sequoia Fund: Patient capital for building enduring c... by amansidhant on Tuesday October 26, 2021 @07:41PM (#29007864)
So all the 'Crypto Funds' they've been raising recently are not for investing in crypto companies, but to trade tokens?
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Re:The Sequoia Fund: Patient capital for building enduring c... by thesausageking on Tuesday October 26, 2021 @09:17PM (#29008534)
Most crypto funds are not structured as VC funds for exactly this reason.
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