Are the founders acting as the GP of the SPV?

No. The RUV fund structure does not need a person (either the founder or a stand-in GP) to act as a GP or “Fund Lead.” This eliminates conflicts of interest that could occur if the founder were to act as the GP and take on a duty to the SPV members in addition to the company. In RUVs, the founders and executives of the company do not manage or undertake duties with respect to the SPV.

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