Who can invest in FCP Venture X QP LLC?
Only "qualified purchasers" as defined under federal securities
laws, generally individuals with at least $5 million in investments or entities meeting
specified investment thresholds.
What is the minimum investment?
$25,000, although the Manager may waive this requirement at its
discretion.
How long must I hold my investment?
Indefinitely. There is no specified term, no redemption rights, and
no public market. You must be prepared to hold until liquidation.
Can I transfer my interests?
Generally, no, except with prior written consent of the Manager and
subject to securities law restrictions.
Will I receive regular distributions?
No. Distributions are made at the Manager's discretion, typically
only following liquidation events. There is no assurance of any distributions.
Do I have voting rights?
No. Series Interests are non-voting. The Manager has complete
discretion over all operations.
Are my interests insured?
No. This is not a bank deposit and is not insured by FDIC or any
other agency.
What tax reporting will I receive?
Annual Schedule K-1 and other information necessary for tax returns.
Tax reporting may be delayed, potentially requiring filing extensions.
Can I lose my entire investment?
Yes. This is a high-risk investment with the possibility of total
loss of capital.
