A Liquid Venture Fund on The Blockchain

HACK VC is a liquid venture fund on the blockchain. HACK is the Ethereum-based token issued to HACK VC investors. Hackers/Founders (H/F) is an organization that has been investing in top startups through 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 VC to bring its successful approach to the blockchain, increasing accessibility and liquidity for investors.

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 VC is liquid. Investors in HACK VC can buy, sell and trade tokens in a fund that derives value from H/F’s pool of well-performing startups.

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.

Why HACK VC?

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. In addition, the team will be contributing $1 Million of stock from existing H/F Fund 1-4.

HACK Token

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 1 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.

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