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They may not be looking for an exit at all. But they have to. Like all VC funds Vision Fund has a set lifecycle. In their case they have 5 years to invest (sta
by goatinaboat 7y ago
They may not be looking for an exit at all.
But they have to. Like all VC funds Vision Fund has a set lifecycle. In their case they have 5 years to invest (starting on the day the fund closes to new investors, which has already happened) and then 7 years until maturity at which point it dissolves and returns capital to investors. The clock is ticking.
- notyourday 7y agoIt depends on how their fund is structured. Based on what I have read the minimum life of their LPs is 12 years. At the scale it operates, and considering from whom it raises money it does not make much sense to structure it as a typical VC fund.