I don't like the high 5% management fee and 50% ownership of the GP. you are raising $25M from tokens. unlikely you put up $25M of your own money.
$25 million is the max raise amount it doesn't mean they will actually raise that much. However I do hope they do!
Yes max raise. Any raise they do 50% is their share already with 5% management. Seems excessive. Unless someone can clarify.