HACKvc A liquid venture fund on the blockchain
HACK fund is a liquid fund on the blockchain. HACK token is the Ethereum-based token issued to investors.Hackers/Founders (H/F) is an organization that has been investing in top startupsthrough an expansive global network. H/F’s portfolio of fifty five technology startup companies has produced seven exits in only five years, including acquisitions by Facebook and Cisco.Hackers/Founders (H/F) created HACK to bring its successful approach to the blockchain, increasing accessibility and liquidity for investors.Hackers/Founders manages a portfolio of post-product stage tech companies, and provides services in exchange for equity. Equity is combined into funds and offered to investors. H/F’s four funds have yielded seven exits in five years.H/F launched its first tech entrepreneur group in Silicon Valley, and over the past decade, the community has grown to over 300,000 people in 128 cities and 47 countries. This unique network is key to H/F’s ongoing access to high-quality startups for its portfolio.Visit to Official website https://hack.hf.cx/
Traditional startup investors can only realize gains when a company is purchased or goes public.Liquidity events,such as acquisitions or IPOs, rarely happen in Silicon Valley,and even less so elsewhere.As a result, investors seldom profit, and have to wait approximately a decade to find out if they made a good investment decision. However,HACK is liquid. Investors can buy,sell and trade tokens in a fund that derives value from H/F’s pool of well-performing startups.
HACK will utilize 100% of returns from exits to reinvest into new or existing portfolio companies.Reinvestment ensures the fund continues to create value over time.H/F has a track record of 30% growth in its funds for each of the last 5 years2.
HACK will engage an independent service such as eShares to publicly report the aggregate valuation for portfolio startups.Public reporting will take place two times a year.
Hackers/Founders plan to start Hack Fund, a liquid venture fund on the blockchain which will launch HACK tokens to potential investors. HACK will use the Ethereum blockchain technology to make startup investing available to people around the world.
|Targeted number of investments: 30 for every $10M raised.||Typical initial investment by Hack Fund: $100k-$250k Seed, $500k-$2M Series A.||Investing in startups seeking to have their own token sale as well as those growing towards traditional exits.|
Types of companies H/F invested in:
|Ad Tech||Artificial Intelligence / Machine Learning||Consumer Commerce||Blockchain|
|Digital Healthcare and Medical Hardware||Family Tech and Education||International / Emerging Markets||IOT, Drones, and Hardware|
|Mobile and Tablet (IOS and Android)||Online education / video||Payments and Financial Services||SMB Productivity & Cloud Services|
Hack Fund will utilize 100% of returns to reinvest into new or existing portfolio companies. Reinvestment ensures the fund continues to create value over time, increasing the chance for future returns and adding value to Hack Fund portfolio. Hackers/Founders track record of 30% fund growth could make this a lucrative opportunity for investors.
The Power of Liquidity
In essence, HACK tokens will act like a digital stock into the venture capital market. While traditional venture capital funds usually need to wait years to see returns from their investment. But due to the tokenized nature of HACK, investors will be able to buy, sell and trade tokens in a fund that derives value from H/F’s pool of startups.
Long Term Vision
Outlined in their whitepaper, Hack Fund’s long term vision is to bring capital to Latin America and other undercapitalized markets around the glob. We have seen a huge jump in Latin American markets such as Venezuela due to the lack of currency liquidity. Our liquid venture capital fund enables us to invest and support startups around the globe in ways that would not otherwise be feasible.
Hack Fund is committed to integrity, transparency, accountability and the use of smart contracts.
Whitepaper : https://hackvc.docsend.com/view/x6nmm5y
Facebook : https://web.facebook.com/hfhackvc?_rdc=1&_rdr
Twitter : https://twitter.com/hfhackvc
Telegram : https://t.me/hackvc
Blog : https://medium.com/hack-vc-by-hackers-founders
My profile Bitcointalk:https://bitcointalk.org/index.php?action=profile;u=1017648