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Venture Capital
hack.hf.cx

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Funds

1

Partners & Customers

1

About Hack Fund

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.

Hack Fund Headquarter Location

San Jose, California,

United States

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Latest Hack Fund News

Hack Fund, The first USA base blockchain venture fund?

Jan 29, 2019

Security Token Offerings, the new trend in Investment and Financial services industry Security token offerings-STOs have been taking the crypto space by storm this year. With governments worldwide imposing sales regulations on ICOs, Blockchain enterprises and crypto-enthusiasts are looking for a viable alternative. STOs appear to be the answer. Last year it was observed that the number of STOs saw a meteoric rise as the number of ICOs tapered. Data suggests this trend can be extrapolated to this year as well. To know more about why 2019 could be the year of STOs check out InWara’s article Investment and Financial services STOs gaining momentum In the past two years, several hundred startups have popped that aim to mitigate the issues faced by enterprises in the Investment and financial services industry, raising over $2.5 billion between them. This industry seems to be of particular interest among entrepreneurs and investors alike, this could be because of the massive potential for growth in the industry that motivates them. With that in mind, the following STO is noteworthy as they managed to stand-out amongst the myriad of startups in this sector. The first US Blockchain venture fund? This American company recently made news when it allegedly became first U.S. Blockchain venture fund, and plans on raising over $100 million. Hack Fund according to the company’s website is a publicly-traded venture fund for global technology. The company aims to give early stage funding for startups using digital share certificates. Jonathan Nelson , co-founder of Hack Fund, believes traditional venture capital has failed startups and his company can mitigate some of the issues, leveraging its unique business model. According to an interview with Forbes , Jonathan was quoted saying “Hack Fund represents a new business model. Because Hack Fund leverages the blockchain, investors all over the world at all levels can participate in startup investing by trading blockchain stock certificates. Also, its SEC compliant structure means that it is also available to a limited number of accredited investors in the US.” The founders of Hack Fund, Jonathan Nelson and Laura Nelson , were also responsible for spawning the birth of the Hackers/Founders group . A tech entrepreneur group based out of Silicon Valley, that now has over 300,000 members in over 50 countries according to the group’s website. This huge network of techies and tech entrepreneurs supposedly gives Hack Fund a unique global reach. Hack Fund aims to be useful to investors by providing quick liquidity with Blockchain technology, by being able to buy tokenized stock certificates which can be bought and sold instantly. Hack Fund will be a publicly traded close-end fund. Similar to how Berkshire Hathaway operates, the company’s venture investments will be valued on a quarterly basis by external parties. The company aims to encrypt the auditing reports and post it on a blockchain network, so token holders can assess it. The founders claim Hack Fund operates to how Berkshire Hathaway works. Jonathan was quoted saying “There are no K-1 statements issued, there is no partnership/LLC, rather HACK Fund is an investment company akin to Berkshire Hathaway which invests in the same manner as early-stage venture capital.” Ambitious plans of Hack Fund Recently Hack Fund signed a partnership with Vodafone to invest in 15 companies a year that has the potential to grow to a $100M a year in revenue, across 100+ partner telcos and 1.2 Billion customers globally. Number of STOs by region

Hack Fund Fund History

1 Fund History

Hack Fund has 1 fund, including Hack Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

Hack Fund

1

Closing Date

Fund

Hack Fund

Fund Type

Status

Amount

Sources

1

Hack Fund Partners & Customers

1 Partners and customers

Hack Fund has 1 strategic partners and customers. Hack Fund recently partnered with Token Market on July 7, 2018.

Date

Type

Business Partner

Country

News Snippet

Sources

7/10/2018

Partner

Token Market

Gibraltar

Blockchain Venture Capital Fund HACK Fund Partners With TokenMarket To Democratize Investment In Startups

Blockchain venture capital fund HACK Fund today announces its partnership with leading ICO advisory firm TokenMarket .

2

Date

7/10/2018

Type

Partner

Business Partner

Token Market

Country

Gibraltar

News Snippet

Blockchain Venture Capital Fund HACK Fund Partners With TokenMarket To Democratize Investment In Startups

Blockchain venture capital fund HACK Fund today announces its partnership with leading ICO advisory firm TokenMarket .

Sources

2

Hack Fund Team

2 Team Members

Hack Fund has 2 team members, including current Managing Partner, Torrance Carroll.

Name

Work History

Title

Status

Torrance Carroll

Managing Partner

Current

Laura Nelson

Managing Partner

Current

Name

Torrance Carroll

Laura Nelson

Work History

Title

Managing Partner

Managing Partner

Status

Current

Current

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