HackVc — A Liquid Venture Fund on the Blockchain


Introduction

HACK fund is a liquid fund on the blockchain. HACK token is the Ethereum-based token issued to 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 to bring its successful approach to the blockchain, increasing accessibility and liquidity for investors.

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.

Why HACK?

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.

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.

For Investors

Liquidity

HACK: Hackers/Founders Fund provides investors with liquidity. Investors can buy, sell, and trade HACK through online exchanges at any time.

Expansive Availability

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.

Diversified

Invest like a Limited Partner. HACK: Hackers/Founders Fund offers diversified exposure to technology startups.

Returns

All portfolio exits are funnelled back into HACK: Hackers/Founders Fund, increasing its value for investors.

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 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
Token Presale
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
Token Allocation
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
Token Distribution
75% Sold during the Token Sale*
Includes 5% Sold for Operations & Advisors
20% Hackers/Founders Long term reserves
3% Portfolio Founders
2% Community Development


Team



Advisor





Details Information :
Whitepaper : here
Telegram : https://t.me/hackvc



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