Starta ICO F.A.Q. Part 1

Starta ICO
Jun 27, 2017 · 4 min read

1. What is the purpose of the joint crowdfunding campaign between Cross Coin and Starta Accelerator?

The principle purpose of the crowdfund is to raise money to refinance a pool of tech startups. All the startups in the group successfully passed the Starta Accelerator programme in 2016–17. Starta Accelerator’s team helped them integrate into the business environment of the promising US market. In the future, these companies will continue developing their business, receiving additional backing from new investors and increasing their capitalisation.

2. Is this crowdfunding in the venture market?

It is, but unlike normal crowdfunding, a secondary token market will be active here, increasing the liquidity of the instrument. Our mission is to democratise venture investment and bridge the gap between the new blockchain and traditional financial sectors of the economy.

3. On what site is the crowdfunding campaign being carried out?

The crowdfunding campaign is being carried out using an ICO (Initial Coin Offering). Cross Coin will create Starta tokens on the Waves blockchain platform. Such a solution offers convenience and transparency for all participants in the process.

4. Why do startups need an acceleration program?

The value of startups in the accelerator is enhanced by the development of technological and business competencies within the US entrepreneurial ecosystem. Starta Accelerator engages the best American professionals, who become a fully-functional part of the startup team for the duration of the programme. The programme is held in New York and lasts for 3.5 months.

5. What startups will receive investment?

$1 500 000 will be invested in 33% of “Starta Accelerator 16/17” SPV, holding a portfolio of twenty-one technology startups from Russia and other Eastern European countries, which went through Batch 2 and Batch 3 of Starta Accelerator. The companies operate within the adtech, fintech and agrotech fields. These promising companies have already passed the initial stages of their development and attracted funds from early investors. Some of them have already received offers for sale to strategic investors, but prefer to pursue independent development at this stage. A full list and description of the startups is attached in the white paper on this site. Funds above $1 500 000 will be invested in future Starta Accelerator portfolio startups with similar investment focus.

6. How do investors evaluate them?

The nominal value of each of the companies within the investment pool averages $1.9 million. However, most of them have already raised funding that reflects a higher valuation.

7. Are there any blockchain startups among them?

iCoinSoftware is developing a business model based on blockchain technology. Thanks to their work, we have established a connection with the crypto community and strongly believe in the potential of these new technologies — in particular, the future of the ICO. iCoinSoft is a platform that allows any user to launch a digital currency exchange in two weeks, and to receive revenues from trading commissions on blockchain assets (crypto currencies, shares, smart contracts, etc.).

8. What returns can these companies offer for investors?

Starta Accelerator team’s experience and expertise in the Eastern European market allows us to buy shares in startups at a lower cost than would be the case in the US market. The cost of acquisition is up to $2 million, whilst the planned valuation at exit is $10–50 million. Statistics indicate that roughly 80% of mergers and acquisitions are performed at valuations in the range of $10–50 million.

9. Will ICO participants receive such returns?

We are offering everyone the exciting opportunity to become a venture investor. Previously, this was only available to larger investors with significant available capital. We are removing this barrier.

10. What is the minimum investment and what currencies are accepted?

During the ICO, Starta tokens will be sold at $1 each. The most popular cryptocurrencies accepted are are bitcoin (BTC), Litecoin (LTC), WAVES and Ethereum (ETH) / Ethereum Classic.

Starta ICO

Starta ICO is an ICO campaign, launched by Cross Coin LLP which acquired part of Starta Accelerator 16/17 LLC portfolio of 21 post-product stage tech companies. Starta ICO allows you to participate in early stage startup investments with minimal entry capital requirements and

Starta ICO

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Starta ICO allows you to participate in early stage startup investments with minimal entry capital requirements and high liquidity of crypto assets.

Starta ICO

Starta ICO is an ICO campaign, launched by Cross Coin LLP which acquired part of Starta Accelerator 16/17 LLC portfolio of 21 post-product stage tech companies. Starta ICO allows you to participate in early stage startup investments with minimal entry capital requirements and