Start : 10th Nov 2019
End : 09th Dec 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.
Ukraine Passes Law on AML with Crypto P...Richard M Adrian 07:09 AM 07 Dec 2019
Immigration Bureau Arrest 24 Chinese Nat...Richard M Adrian 14:05 PM 06 Dec 2019
India's Central Bank (RBI) Reveals Plans...Olowo 06:03 AM 07 Dec 2019
Binance Seeks Staff To Ramp Up Its Prese...Sandeep Kumar Mishra 13:49 PM 06 Dec 2019
Ernst & Young Updates Ethereum with ...Richard M Adrian 13:32 PM 06 Dec 2019
Mnuchin & Powell Say Digital Dollar ...Shilpa Ranga 13:33 PM 06 Dec 2019
Crypto Opponent to Chair Congress Subcom...Richard M Adrian 13:10 PM 06 Dec 2019