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TL;DR The founder of Coupang was one of Christensen's students; the check he put in turned out to be one of the all-time great investments. Rose Park is flood

• vmception 5y ago
  > By structuring Rose Park as one evergreen fund instead of a typical venture fund, the Christensens were able to invest in a mix of public and private companies .... "“We’re allowed to invest in any type of security in any geography, any industry, any stage, but only when the investment thesis derives from my dad’s research" Interesting. I would like to see more of that. I am also curious about the evergreen fund structure. I helped form a hedge fund with an aggressive sidepocket , where sidepockets act like a VC fund but without burdening the limited partners with capital calls. But being even more flexible really makes the subscription documents and prospectus complicated, and making additional funds are expensive and time consuming, even as just a family office without outside investors, the separate limited partners are just entities that the family has formed before. Pooling assets from trusts, retirement plans, individual family members, and non-profits like foundations. I'm mostly confused/inspired by which offshore feeders are being used.