Current technological dynamics are giving a conducive environment to growth of new firms. Every new dawn marks the rise of a new company. In the recent past we have witnessed companies being started and flourishing to big enterprises. The question is how do they manage to flourish even in harsh economic times? This is where Hackspace capital ventures comes in. This is funding that helps to nurture promising projects and start up companies until they finish the product development life cycle. It's leaders are Indiegogo, Kickstarter, and GoFundMe. It embraces blockchain technology by disrupting crowd funding and using the bitcoin technology. This makes it cheap to transact and collect even little amounts of contributions. It also lures donations in exchange for the tokens sold online. They also help an entity in administrative processes, legal assistance, business consultancy, R&D, scientific research, engineering development and preparations for mass production. The best advantage is assistance in marketing via its partner companies. It means the start up company will obtain help in creation of a customer base which relieves it the biggest challenge faced by a start up entity.
Hackspace capital has nurtured entities like Handenergy helping it raise $120000 via online crowdfunding platforms. HandEnergy while explaining how they came to be, they attracted over ten million views in their video. This caught attention of international media entities like BBC, The Telegraph and Mashable. Lately, many start up projects don't really seek to solve real world problems. This creates a barrier for their acceptance in the market. At this point, Hackspace Capital partners with EnCata who turn the idea to a complete product. When the product is distributed in the market, Hackspace Capital tests the viability of the product before investing in it. This is guaranteed if the start up is able to raise $500,000 through seed funding. The start up should also have a previous work experience of not less than six months with EnCata. Hackspace Capital sells tokens in return for money to fund projects.
Token holders enjoy benefits like receiving priority access in the alpha-beta phases of the product development, exchange tokens at the HAC online platform for a 20 percent discount on the market rate for goods and services offred by companies within the Hackspace Capital network three months before the official market
entry, they are also allowed to exchange the tokens they own for other cryptocurrencies. Importantly, Hackspace Capital recognizes its partners, well wishers and all those who have helped it grow. As such, they are making one billion tokens to be sold and distributed world wide in twelve days. Only one day for a single month. 51 percent will be open to public, 39 percent for ongoing projects and those in future, 5 percent for advisers, consultants, marketing needs & bounties. Finally, 5 percent is for its founders and employees. This means that they have a long term goal and take pride in seeing the company grow and provide assistance to more start ups.
Conclusively, this is the key to the future for any start up that is futuristic. Their willingness to embrace technological diversity and digitize product sale and services brings people around the world together by solving consumer needs and ensuring market supply for companies. All thanks to Hackspace Capital.
https://hackspace.capital/whitepaper_hackspace_EN.pdf
Author: https://bitcointalk.org/index.php?action=profile;u=1078950
