Financial Services - Fairfax, VA, US
"Machine intelligence is the last invention humanity will ever need to make."~ Nick BostrumOUR GOALWe look to demystify AI and demonstrate its simplicity and ease of implementation by supporting cash-flow positive companies who are in the growth stage of development and are well-positioned in their market. Our investment has a time horizon of three years, focusing on the point in the portfolio companies' maturation designed to maximize entrepreneurial alpha. WHY ARTIFICIAL INTELLIGENCE➤ Faster AI adoption and adoption by front-runners can create larger economic gains➤ Machine learning is required to analyze large data sets ("data lakes")COMPENSATION & GOVERNANCE• Minimum contribution: $500,000• GP contribution: 2%• Management fee: 20%• Incentive fee: 20%• Limited Partnership: Global AI Internet Freedom Fund, LP• General Partner: CNT NOVA Inc.• Investment Manager: ILD Investment Management FUND STRUCTURE• Global AI Freedom Internet Fund, LP closing at $20m• Investment period to Dec 31, 2020• The Fund will close on Dec 31, 2023, with 2 one-year period of extension possible by right, or at majority LP request• Key Service Providers:・Assure services LLC (fund accountant)・First Republic Bank, NA (cash custodian)・RSM (US) LLP (auditor)・Potomac Law Group PLLC (legal counsel)
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