HACK VC

shandness (28)in #cryptocurrency • 7 years ago

HACK VC could be a liquid venture fund on the blockchain. HACK is that the Ethereum-based token issued to HACK VC investors.

Hackers/Founders (H/F) is a company that has been finance in high startups through Associate in Nursing expansive international network. H/F’s portfolio of 55 technology startup firms has created seven exits in barely 5 years, together with acquisitions by Facebook and Cisco.

Hackers/Founders (H/F) created HACK VC to bring its in approach to the blockchain, increasing accessibility and liquidity for investors.

Traditional startup investors will solely notice gains once a corporation is purchased or goes public. Liquidity events, like acquisitions or IPOs, seldom happen in Silicon Valley, and even less therefore elsewhere. As a result, investors rarely profit, and ought to wait some a decade to seek out out if they created a decent investment call.

However, HACK VC is liquid. Investors in HACK VC can purchase, sell and trade tokens in a very fund that derives price from H/F’s pool of well-performing startups. HACK tokens act like digital stock certificates.

Hackers/Founders manages a portfolio of post-product stage school firms, 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 5 years.

H/F launched its initial school businessperson cluster in Silicon Valley, and over the past decade, the community has mature to over three hundred,000 individuals in 128 cities and forty seven countries. This distinctive network is vital to H/F’s current access to high-quality startups for its portfolio.

A community-sourced choice method interprets into higher quality startups within the H/F program, and these portfolio firms tend to crush similar firms in different funds or accelerators. not like others, H/F separately tailors its program to fulfill the wants of every startup. The result's that the H/F portfolio has seven exits out of 55 firms in four funds.

HACK VC can enjoy an equivalent processes, community and knowledge that resulted in seven Hackers/Founders portfolio exits over the past 5 years.

With the utilization of blockchain technology, HACK VC can build it additional attainable for individuals at each level and in each a part of the globe to speculate in startups. additionally, the liquidity of HACK VC suggests that investors are going to be able to reap the rewards of a wide-ranging startup portfolio while not having to attend for years.

HACK could be a new Ethereum-based token issued by HACK VC, and may be bought, sold-out and listed through on-line exchanges as a liquid group action.

HACK is predicated on the ERC223 protocol. ERC223 solves problems with the ERC20 commonplace whereas remaining backwards compatible with ERC20-compliant wallets. HACK could be a tradeable digital token which will be used for participation, illustration, proof of membership in H/F or the other appropriate purpose.

KrowdMentor, a strategic investment and informatory firm empowering blockchain investors, funds, startups and entrepreneurs, developed the token. KrowdMentor conjointly provided good contract development, good contract management systems in addition as through different informatory roles in support of HACK VC.

Unlike different programs, founders will speak with investors before formally connexion the H/F program. it's a chance for candidates to achieve priceless recommendation on markets, fundraising and usefulness.

H/F sources investors from a info of over three,000 angel investors, venture capitalists, family workplace managers, institutional investors and different money professionals, all United Nations agency give their time.

Interviews ar conducted via in-person meeting or video conference. Afterward, investors share their scores with H/F. If a corporation scores to an adequate degree on capitalist and knowledgeable review boards, H/F opens a dialogue with the founders concerning whether or not their company would be a decent suited the Hackers/Founders startup program.

Token Sale

Token Sale Launches once Cap Stage two Reached

Token charge per unit

1 USD = 1 HACK

Transaction

Currency received: ETH, BTC

Minimum group action amount:

buy 1 HACK

Minimum Investment

US: $ 50K

Rest of the world: $ 1

Hidden hat

Revealed once eightieth achieved

Token Sale Bonus

Allocation of Token

70% Token Discount

5% Operational 75% Total Token Sales

20% Reserve Company

Founder Portfolio third

2% Community Development

25% Company + Misc.

75% of all tokens are going to be allotted purchasable, with five-hitter of the number resulting in operational prices. Any further in operation prices are going to be borrowed from the remaining seventieth and can be paid back at five-hitter interest once a year.

The company reserves can calculate a further two hundredth of all tokens. the corporate can impose a 4-year vest with a 1-year geological formation for each proof issued to the team. third are going to be distributed to the founders of the H / F portfolio company and a couple of are going to be used for community development.

Token Presale
hack token.png
Presale part one begins