HACKvc A liquid venture fund on the blockchain

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 startupsthrough 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.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.Visit to Official website https://hack.hf.cx/

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

HACK will utilize 100% of returns from exits to reinvest into new or existing portfolio companies.Reinvestment ensures the fund continues to create value over time.H/F has a track record of 30% growth in its funds for each of the last 5 years2.
HACK will engage an independent service such as eShares to publicly report the aggregate valuation for portfolio startups.Public reporting will take place two times a year.

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.

Benefit for Investor

Institutional
Increased liquidity and exposure to blockchain.
Crypto
Diversification into top global, high-growth tech startups through cryptocurrency.
Accredited
Alternative to non-liquid crowdfunding, or high-risk angel investments.

Presale Phase 1 begins
Wednesday 15 November 2017 at 12:00AM PST
Token symbol : HACK
Token supply : Crowdsale will represent 75% of outstanding tokens.
Initial price per token : 1 HACK = 1 USD
Currencies accepted : ETH, BTC
Token Sale
Token Sale Launches Once Phase 2 Cap is Reached
Token exchange rate : 1 USD = 1 HACK
Transactions Currencies accepted: ETH, BTC
Minimum transaction amount : purchase of 1 HACK
What is HACK : HACK are tokens issued by HACK: Hackers/Founders Fund a liquid venture fund that will invest in the top startups from the 300k member strong global Hackers/Founders (H/F) community.
How to use and hold : Any ERC223/ERC20 compliant Ethereum wallet.