HACKVC — Designed to Put the Word Out About Hackers
What is Hackers/Founders?
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.
HACK uses blockchain technology to make startup investing available to people around the world and who are at all levels of investing.
Those who want to get involved in supporting tech startups can do so without having a high income. The cost of 1 HACK token is $1 USD, 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 areas of the globe that are harder to reach due to regulations, markets, and other factors. Because blockchain technology is decentralized, capital which might have been left on the table can now be used to increase value for investors. HACK also offers risk diversification. Until this moment, it has been nearly impossible to get exposure to a diversified portfolio of startup equity without having a great deal of wealth. Most importantly, HACK is liquid, and offers investors the ability to realize gains without having to wait a decade. Hackers/Founders, creator of HACK, has run a proprietary startup program that yielded growth of 30% year over year for the past five years, and has had seven exits out of fifty-five companies from around the world. In addition, the H/F team will be contributing $1 million worth of stock from existing H/F Funds 1 through 4, so that investors can buy into HACK without having to wait for the fund to acquire strongly performing assets.
Why Liquidity Matters
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 valuefrom H/F’s pool of well-performing startups.
What is HACK VC ?
HACK VC is a venture fund created by Hackers/Founders (H/F) 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 uses blockchain technology to make startup investing available to people around the world and who are at all levels of investing.
Those who want to get involved in supporting tech startups can do so without having a high income. The cost of 1 HACK token is $1 USD, 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 areas of the globe that are harder to reach due to regulations, markets, and other factors. Because blockchain technology is decentralized, capital which might have been left on the table can now be used to increase value for investors.
HACK VC also offers risk diversification. Up to now, it has been nearly impossible to get exposure to a diversified portfolio of startup equity without having a great deal of wealth. Most importantly, HACK VC is liquid, and offers investors the ability to realize gains without having to wait a decade.
Hackers/Founders, creator of HACK VC, has run a proprietary startup program that yielded growth of 30% year over year for the past five years, and has had seven exits out of fifty-five companies from around the world.
HACK: Hackers/Founders Fund provides investors with liquidity. Investors can buy, sell, and trade HACK through online exchanges at any time.
HACK: Hackers/Founders Fund is for investors at every level — from the general public (non-US citizens only) to VCs.
Access to the Best Startups
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.
HACK will benefit from the same processes, community and experience that resulted in seven Hackers/Founders portfolio exits over the past five years.
With the use of blockchain technology, HACK will make it more possible for people at every level and in every part of the world to invest in startups. In addition, the liquidity of HACK means investors will be able to reap the rewards of a diversified startup portfolio without having to wait for years.
The fund returns value in the following ways:
H/F Fund 1 through 4 Buybacks
Buybacks connect past H/F funds and HACK. HACK will purchase shares in the existing, well-performing H/F Funds 1 through 4 that are owned by the General Partner and previous investors. This buyback will comprise up to 10% raised by HACK. In this way, HACK can begin investment soon after the token sale, rather than having to wait until new startups are engaged.
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.
For example, if you have a portfolio of 200+ companies that, on average, are growing revenuesand profits 30% year-over-year, the value of HACK tokens/HACK should in theory grow 30% year-over-year.
For every $10M raised in the token sale, HACK 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 aminimum of 1% to a maximum of 30%.
Startups accepted into the portfolio go through a proprietary vetting process that utilizes the wisdom of the H/F network of experts, partners and peers to select the best companies.
Portfolio Company Token Sales
HACK 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.
HACK is a new Ethereum-based token issued by HACK VC, 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 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 VC.
Token Sale Terms
Notice: HACK VC reserves the right to repurchase HACK tokens
Presale Phase 1 begins
Wednesday 15 November 2017 at 12:00AM PST
Visit hackvc.hf.cx for more information or to participate
Token exchange rate
$1 USD = 1 HACK
Currencies accepted: ETH, BTC
Minimum transaction amount: purchase of 1 HACK
Pre Sale Bonuses
70% Token Sale
5% Operational & Advisors
75% Total Token Sale
20% Company Reserves
3% Portfolio Founders
2% Community Development
25% Company + Misc.
75% of all tokens will be allocated for sale, with 5% of that going towards operational overhead. Any additional operational costs will be borrowed out of the remaining 70% and will be paid back at a rate of 5% interest per year.
Company reserves will count for an additional 20% out of all tokens. The company will enforce a 4-year vest with 1-year cliff for any tokens issued to the team. 3% will be distributed to founders of H/F portfolio companies and 2% will be used for community development.
Token Sale Bonuses
75% Sold during the Token Sale*
Includes 5% Sold for Operations & Advisors
20% Hackers/Founders Long term reserves
3% Portfolio Founders
2% Community Development
Details Information :
Website : https://hackvc.hf.cx/
Whitepaper : here
Facebook : https://www.facebook.com/hfhackvc
Telegram : https://t.me/hackvc
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