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ICO The HACK Fund

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  • Start: 2018-Feb-28
  • Finish: 2018-May-31
  • Ticker: HACK
  • Platform: Ethereum
Listed: 01 February 2018
Verified Publisher
Member from: 19 September 2017

ICO The HACK Fund Description:

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 startups through 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.

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.

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.

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