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yes i do but Bobby makes a good point. all venture funds have a provision in them that they can be extended and most are. i am still working on deals that were
by fredwilson 17y ago
yes i do but Bobby makes a good point. all venture funds have a provision in them that they can be extended and most are. i am still working on deals that were done more than 10 years ago
- pmjordan 17y agoThat's interesting, thanks. Forgive my ignorance, but I'd assume it's up to those who invested into the VC fund whether or not the fund is extended, not the VC partners. What happens when they decide against it and there are still privately owned companies in the fund's portfolio? Is ownership transferred directly to the original investors, who can then choose to liquidate the company or take control in some other way?