"Limited partner". Oddly as Sequoia aren't structured as a partnership, they app... | Hacker News

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		pjc50 on Nov 10, 2022 \| parent \| context \| favorite \| on: Sam Bankman-Fried Has a Savior Complex "Limited partner". Oddly as Sequoia aren't structured as a partnership, they appear to be a regular LLC. I guess you can just read "investor".

propter_hoc on Nov 10, 2022 [–]

Sequoia is structured as an LLC, but they, or an affiliated "GP Co" still act as the general partner of their funds (which are limited partnerships).

Here's a couple diagrams of typical VC fund structures:

1. https://www.asimplemodel.com/wp-content/uploads/2021/10/Priv...

2. https://miro.medium.com/max/1400/1*XPPTuER9ZGAoXSMe544ZUw.pn...

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