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Bottles of wine are not separately incorporated. A “vintage” of wine is just one product put out by a winery. If one somehow went really bad (like it killed peo

Bottles of wine are not separately incorporated. A “vintage” of wine is just one product put out by a winery. If one somehow went really bad (like it killed people and lost a big judgement or something else far fetched) it would bankrupt the vintner and the other wines would stop being made. Perhaps a better way to phrase it is that each firm is like a real estate patent corporation and each fund is its own separate but owned corporation, the way commercial real estate companies incorporate every building. If one VC fund lost money, only the LPs would suffer, the firms other funds would still operate independently.

alephnerd 3y ago
> Perhaps a better way to phrase it is that each firm is like a real estate patent corporation and each fund is its own separate but owned corporation, the way commercial real estate companies incorporate every building Great point! Wasn't sure if most readers on HN know that fact though. Though, > Bottles of wine are not separately incorporated is starting to happen in a way. Lots of Wines are just a brandname now with different vintages just being sourced from different growers and fermenters directly, so a no-name Winery could rent out an established brand and it's associated cache