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The Financial Samurai Podcast

Welcome to The Financial Samurai Podcast!

In 2H2017, I decided to start publishing audio versions of my posts for those of you who would rather listen than read. The audio versions contain little bits of nuances that you won’t find in the articles. They are also a way for me to build a library of thoughts for my children just in case I pass away before they become adults.

I hope these Financial Samurai podcasts make your commute or your exercise routine a little less painful.

Happy listening!

Thanks,

Sam

  1. All Episodes
  2. How An Open-Ended Venture Capital Fund Operates

How An Open-Ended Venture Capital Fund Operates

Jan 29, 2025

In part 2 of my discussion with Ben Miller, CEO of Fundrise, and sponsor of Financial Samurai, I ask him about how an open-ended venture capital fund works. 

If I’m going to build a $500,000+ position in an open-ended fund to gain more exposure to private AI companies, I want to fully understand how the fund operates.

Here are some of the questions I asked during our discussion:

  • What happens to a private company that successfully goes public, and how does this impact the fund?
  • Is it harder to identify a promising company or to actually invest in that company?
  • How does Fundrise and other venture capital firms compete to gain access to invest in private companies?
  • How does Fundrise approach risk management in its investments?
  • What’s the process for writing checks to invest in companies?
  • If you don’t have cash on hand, how do you secure a line of credit to invest in a company?
  • How do you provide liquidity to investors in the Innovation Fund?
  • How do you determine the size of a fund you want to run?

Related post: Why I'm Only Investing In Open-Ended Venture Capital Funds Going Forward

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