Start : 14th Feb 2019
End : 17th Nov 2019
The HACK Fund 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.
What Makes HACK Fund different?
1. Founders First.
Before H/F created HACK Fund, it started as a small group of founders that shared a passion for technology and startups. This community became an important place for founders to connect, learn, grow and collaborate with each other. Today, H/F community has grown from a handful in Silicon Valley to about 300,000 people in 48 countries.
2. Community to Co-op.
H/F launched The Co-op, a growth program for early-stage companies, that leverages H/F???s extensive network. The Co-op provides connections, support and services in return for equity, so that these startups can expand globally. In the spirit of H/F???s community roots, founders literally have a stake in each other???s success, since they receive a piece of equity from each of their fellow companies.
3. Venture Capital
H/F created four funds using equity from its Co-op portfolio startups, and sold them to investors. Funds 1 through 4 annualized 30% IRR for 5 years running, and boasts 7 exits, to companies like Facebook and Cisco.
4. Now HACK Fund.
HACK Fund combines H/F???s track record of startup fund successes with the power of the Ethereum blockchain. The result is the democratization of venture investing worldwide, because wherever the blockchain reaches, so does HACK Fund. Investors have liquidity, because they have the freedom to buy and sell fund tokens through online exchanges whenever they choose. The use of the blockchain erases borders, which means more startups can be funded and exit through their own token sales.
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