In part 2 of my discussion with Ben Miller, CEO of Fundrise, and sponsor of Financial Samurai, I ask him about how an open-ended venture capital fund works.

If I'm going to build a $500,000+ position in an open-ended fund to gain more exposure to private AI companies, I want to fully understand how the fund operates.

Here are some of the questions I asked during our discussion:

• What happens to a private company that successfully goes public, and how does this impact the fund?
• Is it harder to identify a promising company or to actually invest in that company?
• How does Fundrise and other venture capital firms compete to gain access to invest in private companies?
• How does Fundrise approach risk management in its investments?
• What's the process for writing checks to invest in companies?
• If you don't have cash on hand, how do you secure a line of credit to invest in a company?
• How do you provide liquidity to investors in the Innovation Fund?
• How do you determine the size of a fund you want to run?

Related post: Why I'm Only Investing In Open-Ended Venture Capital Funds Going Forward

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