Well, the type of distribution and investment return vehicle does not stipulate a comprehensive understanding of risk to determine the choice for distribution. Risk determines distribution, not the other way around.
So, the causal impact of risk deployed to innovation arbitrage determines the consequential distribution vehicle, in that order.
As such, you must first define your unique appetite for risk conjoined with your unique ability to align with outlier foresight to break the norm in order to produce viable venture style returns during what kind of vintage, before you can with reasonable determination answer the question of the best distribution of the VC fund to meet and greet such risk.
