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It is a complex structure under the hood. There is a master LLC, holding c corp and an investment advisor.

Tax implications for the founders are similar to their founder stock obligations, when liquidation happens

Is contributing to the fund a taxable contribution? I would assume so since it's a diversifying event.

Contribution is done through a note. Not taxable until the transfer of shares upon some liquidity/exit event in the future.

So it's a forward contract...?

Yes, we see that as most frictionless way to accomplish this at scale

Is there more that can be read on this somewhere? How it's taxed, what're the implications, how is it structured?

Great questions, it will be on our FAQ page