HACK- Hackers/Founders Fund Token Pre-sale
HACK: Hackers/Founders Fund is a venture fund created by Hackers that uses blockchain technology to provide accelerated liquidity to investors. Money raised during the token sale will be invested in top technology companies scaling globally. HACK VC is liquid. HACK tokens can be traded freely via online exchanges Companies are selected for investment only after several rounds of reviews by boards of experts and acceptance to portfolio program 100% of returns from portfolio exits will be reinvested into existing or recently accepted H/F portfolio companies .Up to 20% of the fund raised will also be used to liquidate their existing funds which are comprised of the best companies in us portfolio In addition, the team will be contributing $1 Million of stock from existing H/F Funds 1-4.Within three years, Hackers/Founders (as it’s now stylized) had grown to become a network of meetups for startup communities all around the world. Hackers/Founders chapters can now be found in 132 cities in 48 countries. In addition to meetups, H/F also hosts educational classes, tech talks and other awesome events.Following a suggestion by Naval Ravikant of AngelList, the Hackers COOP accelerator was launched in 2011 to provide concierge services to early-stage startups under a unique – and in we eyes, superior – business model.
HACK uses blockchain technology to make startup investing available to people around th world and who are at all levels of investing. The cost of 1 HACK token is 1 $ and during the token sale this minimum gains the holder entry into the fund. Also,investors can profit from startups that ,up to now,would have been neglected because they are located in aes of the globe that are harder to reach due to regulations ,markets,and other factors.Because of the blockchain technology is decentralized ,capital which might have been left on the table now can be used to increase value for investors.
Hack also offers risk diversification.Hack is liquid and offers investors the ability to realize gains without having to wait a decade.
- Hackers/Founders Fund provides investors with liquidity. Investors can buy, sell, and trade HACK through online exchanges at any time.
- Hackers/Founders Fund is for investors at every level – from the general public (non-US citizens only) to VCs.
- Invest in the best startups worldwide without the challenges that can come with reaching them.
- Invest like a Limited Partner. HACK: Hackers/Founders Fund offers diversified exposure to technology startups.
- All portfolio exits are funnelled back into HACK: Hackers/Founders Fund, increasing its value for investors.
For every $10M raised in the token sale, HACK VC will invest into approximately 30 existing or new portfolio companies. Fund investments will be Seed and Series A. H/F’s existing services-for-equity business model may also be used to obtain additional equity in individual companies. Taken together, equity ownership of startups will range from a minimum of 1% to a maximum of 30%.HACK VC investors will have access to presale pricing for token sales launched by portfolio companies. Companies must utilize H/F services to execute their launch. This service will be offered by H/F to portfolio startups that have product, are growing rapidly and need more than $2M in capital to continue scaling.
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