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For the "Fairchild Fund" by Hackers / Founders - it's a more traditional VC-like fund. A fund is like a traditional bank except it puts money into new companies.
The way Fairchild Fund invests is similar to a VC (Venture Capitalist), which is a company that creates funds to invest in new companies. However, the Fairchild Fund has added new innovations and efficiencies around it.
The type of people that would be interested in the Fairchild Fund are financial institutions, wealthy families, and people who do not know technology companies but want to invest in them. They want to know that our fund is safe, secure, but can also become very valuable.