HACKER/FOUNDERS – A liquid venture fund on the blockchain
HACK VC is a liquid business fund in blockchain. HACK is a Ethereal based token issued to HACK VC investors.
Hacker / Founder (H / F) is an organization that has invested in top startups through an expansive global network. The H / F portfolio of five startup technology companies has produced seven exits in just five years, including acquisitions by Facebook and Cisco.
Hacker / Founder (H / F) created HACK VC to bring its successful approach to blockchain, increased accessibility and liquidity for investors.
WHY IS THE LIQUIDITY PROBLEM.?
Traditional beginner investors can only realize profits when a company is bought or go public. Liquidity events, such as acquisitions or IPOs, are rare in Silicon Valley, and even elsewhere. As a result, investors rarely profit, and have to wait about a decade to find out if they are making a good investment decision.
WHAT IS HACKER / FOUNDER?
Hacker / Founder manages the post-product portfolio of technology companies, and provides services in return for equity. Equity is combined into funds and offered to investors. Four H / F funds have produced seven exits in five years.
H / F launched the first group of technology entrepreneurs in Silicon Valley, and over the past decade, the community has grown to more than 300,000 people in 128 cities and 47 countries. This unique network is the key to sustainable H / F access to high-quality startup for its portfolio.
HACK is a new Ethereum-based token issued by HACK fund, and can be bought, sold and traded through online exchanges as a liquid transaction. HACK is based on the ERC223 protocol. ERC223 solves issues with 1 the ERC20 standard while remaining backwards compatible with ERC20-compliant wallets. HACK is a tradeable digital token that can be used for participation, representation, proof of membership in H/F or any other suitable purpose. KrowdMentor, a strategic investment and advisory firm empowering blockchain investors, funds, startups and entrepreneurs, developed the token. KrowdMentor also provided smart contract development, smart contract management systems as well as through other advisory roles in support of HACK.
Every $30 M raised in the token sale, Hack will invest in 30 new company portfolios. The equity from these companies will be used as a liquidity fund. H/F portfolio has grown 30% year on year for 5 consecutive years. Meanwhile, the venture capital funds in the Silicon Valley are able to achieve only 15-20%. Since H/F looks for the performance in the company, the biases like race, gender and age are not collected.
Unlike other companies, the founders of the startups can speak with the investors of H/F program. H/F has the list of investors from the database of more than 3000 angel investors. Interviews will be conducted and the investors will share their experiences with the board members of H/F. If the company has the right match of investor, then H/F opens with the founders of the company whether the company will be a good fit for the Hackers/Founders startup program.
The token sale has started from the second week of November. H/F will accept the bitcoins and Ether as the crypto currencies for taking part in the token sale. H/F has announced bonus package of 40% for the investors buying the token in the phase 1. The bonus package of 30% is announced for the investors taking part in the phase 2.
Team and their portfolios
The board members comprise of the founding person, Christopher who is also the CEO of Gloebit which is a digital currency web service. The other members are also from the diverse fields of Finance and management. The main portfolio is to cultivate a large network of tech founders around the world. With its liquidity, the returns will be reinvested and this further increases the chances for future returns. This creates more opportunities for profit. Hack gives exposure to the investors of any tier and therefore anyone who sees the idea of the startup to be interesting can monetize and earn profit from them.
To know more visit:
My profile Bitcointalk:https://bitcointalk.org/index.php?action=profile;u=1544149