Hacker News new | past | comments | ask | show | jobs | submit login

Each FundersClub fund is its own independent LLC entity, which is basically the point of the article describing why the SEC is green lighting the process.

If FundersClub does go down, each fund's LLC survives, with it's investors owning their fractional claim on the funds' assets.

Similarly to buying stock in a company using ScotTrade or equivalent. If ScotTrade goes down, you still own the equity you purchased and which they were holding as your custodian.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: