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foreign [Music] so before we dive in lets do a little recap so far we know a few important things first we know our VC firm is the company that sits over the top of everything this firm is also called the management company and we know the firm sets up a legal entity called the general partner or GP this entity is typically an LLC some of the people who work at the firm up here are going to manage this GP down here in technical lingo theyre the members of the GP from there we know this GP manages the fund and the fund is a limited partnership that pulls together money from a bunch of investors who are also known as limited partners or LPS [Music] Im actually being serious I had to hear this stuff 10 or 20 times over multiple years to actually get it so if its taking a minute to settle dont worry its super normal and youre totally gonna get it just keep making your way through so all right lets now Zoom back in on that fun if you remember the fund is a thing called a limited par
