HACK Fund ICO: How Hackers / Founders Plans To Use Blockchain Tech To Create Liquidity For VC Investors
In 2017 venture capital funding hit $84.2 billion, according to Pitchbook-NVCA Venture Monitor.
This is 100% from just ten years ago.
The red hot market for early stage startup investing is being driven by the outsize returns that can be achieved.
While the possibility of backing the next “unicorn” attracts ever more capital, the industry is not without its problems. Chief among these is liquidity. Entering and existing investments usually only happens when a liquidity event like an IPO or acquisition occurs.
These events are extremely rare, often taking a decade to occur after the startup is first funded.
Given that high rate of failure of startups - which is offset by a few big winners - it is difficult to know whether or not a venture fund is profitable or not for many years.
Blockchain technology can help to change this situation. By creating a digital token, investors are able to enter and exit startup funds easily.
This is the vision for the HACK fund which is the brainchild of the international tech community Hackers / Founders.
Where Deals Will Come From
Startups that HACK Fund will invest in will come from the Hackers / Founders network. The Hackers / Founders network provides access to 300,000 entrepreneurs in 47 different countries.
Deals will be vetted by the community and personally reviewed by experts from within the Hackers / Founders community in order to receive funding.
Overview of HACK token sale
HACK Tokens are to be distributed in a pre-sale and main token sale.
HACK tokens are being priced at 1 HACK token equals $1USD.
The pre-sale is being divided into two different phases and the main sale into three sales.
There will be bonuses available for each of the stages of the token sale:
Pre-sale phase one: 40%
Pre-sale phase two: 30%
Main token sale phase one: 20%
Main token sale phase two: 10%
Main token sale phase three: 0%
Read more:
HACK Fund Website: https://hack.hf.cx
HACK Fund Whitepaper: https://hackfund.docsend.com/view/x6nmm5y
HACK Fund Twiiter: https://twitter.com/thehackfund
HACK Fund Facebook: https://www.facebook.com/thehackfund
HACK Fund Medium: https://medium.com/hackfund
HACK Fund Telegram: https://t.me/hackfund