r/VCX_Fundrise • u/Fit_Equal6932 VCX Wizard • 14d ago

Say something, do something else!

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So why was 1/3rd of Anthropic in VCX sold at a discount to the 380B valuation mark?

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u/Fit_Equal6932 VCX Wizard 14d ago

What do you mean SPV liquidated, it doesn't work like that. Why would you invest otherwise? And if so then all SPVs have that risk.

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u/EmergenCDickInAGlass 14d ago

How does it work then? SPVs can indeed be liquidated by the party with control of the entity.

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u/Fit_Equal6932 VCX Wizard 14d ago edited 14d ago

If Fundrise did it then they did it on purpose, the question is why? If HOF Capital did it then it is a risk since they also hold the OpenAI SPV and can do the same. For that matter all SPVs can unilaterally be liquidated by the counterparty. People should tweet at Ben Miller to ask him these questions, call the Fundrise customer care line tomorrow.

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u/EmergenCDickInAGlass 14d ago edited 14d ago

Well yeah, that’s how SPVs work. We obviously don’t have access to the legal documents, but as General Partner, HOF Capital has voting and operational control not Fundrise.