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foreign [Music] theres a bunch of foundational details about what funds are and how they work that youre going to want to know from the very beginning my names Rita and Im the head of the Venture Capital business development team here at carda and I also teach Venture Capital funds at UC Berkeley School of Law and in this first lesson were going to start laying that foundation with some of the most important Basics over the next few minutes well talk about what a VC fund actually is then well learn how a VC fund differs from other types of funds and well do a quick preview of the structure that organizes how a VC fund operates soda kick it off lets go ahead and zoom right in on that first one what exactly is a venture capital fund well start with a simple definition a fund is a legal entity that pools money in order to invest in assets the fund then owns those assets until it sells them and thats it real basic fund is just a little on Eddie that collects a bunch of money to
