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"...Would create special purpose fund enabling anyone to stay with Tesla. Already do this with Fidelity’s SpaceX investment."

Does anyone know more about how this is organized? My understanding (which could well be wrong) is that organizations with over 500 owners must do normal quarterly filings in the same way a publicly traded company would. Yet in previous years I've searched and come up empty handed on SpaceX.

I think the model is the fund is one investor in Tesla, many people are investors in the fund. So Tesla doesn't have materially different reporting requirements.

How does this skirt the accredited investor requirement in Sarbanes-Oxley? Seems like a very obvious way to avoid it, and hence something that would not be allowed.

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