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As the hacker-in-residence at Hackers/Founders (H/F), I'm super excited to announce that H/F has launched its own cryptocurrency called Hacker Token or HACK for short!
HACK is issued by HACK Fund – a liquid venture fund created by H/F that runs on the blockchain. HACK provides an easy and liquid way to invest in top startups in Silicon Valley and around the world that are part of H/F's Co-op startup incubator. HACK will also power the H/F community and open source ecosystem, as well as support emerging technology hubs, nonprofits and startups around the globe.
You can buy HACK right now at a 40% pre-sale discount at buy.hf.cx. 1 HACK = $1 USD. Full information at hack.hf.cx. Use the special promo code
CATONMAT that we created for my blog readers for an additional 10% bonus!
We're also organizing a HACK webinar next week for my blog readers and everyone else who's interested. RSVP for HACK Fund webinar on Dec 6 at 11:00AM PST to learn more about HACK.
What is Hackers/Founders (H/F)?
Hackers/Founders is world's largest startup network, uniting 300,000+ members in 47 countries and 128 cities. The H/F Co-op startup accelerator is a tight-knit cooperative, where concierge services are provided in exchange for equity, and where founders help each other and elect each other to the program. H/F Co-op has a portfolio of 55 tech companies.
What is HACK?
HACK is a new Ethereum-based token issued by HACK Fund. It can be bought, sold and traded through online exchanges as a liquid transaction. HACK is based on the ERC223 protocol. ERC223 solves issues with the ERC20 standard while remaining backwards compatible with ERC20-compliant wallets. HACK is a tradeable digital token that can be used for participation, representation, proof of membership in H/F or any other suitable purpose.
What is HACK Fund?
HACK Fund is a liquid venture fund on the blockchain. H/F created HACK Fund to bring its successful approach to the blockchain, increasing accessibility and liquidity for investors. HACK Fund uses blockchain technology to make startup investing available to people around the world and who are at all levels of investing.
Why Liquidity Matters?
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 Fund is liquid. Investors in HACK Fund can buy, sell and trade tokens at any time in a fund that derives value from H/F's pool of well-performing startups.
Investors can profit from startups that, up to now, would have been neglected because they are located in areas of the globe that are harder to reach due to regulations, markets, and other factors. Because blockchain technology is decentralized, capital which might have been left on the table can now be used to increase value for investors.
HACK's value is based on the performance of H/F Co-op startups. Valuations of startups will be completed using eShares or similar platform, and audited by an independent third-party CPA at regular intervals.
HACK Fund also offers risk diversification. Up to now, it has been nearly impossible to get exposure to a diversified portfolio of startup equity without having a great deal of wealth.
100% of returns from portfolio exits are funnelled back into HACK Fund, increasing its value for investors.
Most importantly, HACK Fund is liquid, and offers investors the ability to realize gains without having to wait a decade.
How to invest in HACK Fund?
Those who want to get involved in investing into tech startups don't need to be Silicon Valley venture capitalists. The cost of 1 HACK token is $1 USD. Non-US investors can buy into the fund directly through buy.hf.cx. Because of regulatory laws, US investors can contact HACK Fund at
email@example.com for more details on how to invest.
Currently HACK is on pre-sale at 40% discount to early investors (and 10% additional discount with
CATONMAT promo code). To invest you will need a ERC20-compliant ETH wallet. You can create one at www.MyEtherWallet.com. If you don't know how to do it, watch this video MyEtherWallet Walkthrough. Once you have your wallet, you'll need to fund it using Ethereum or Bitcoin. If you don't know how to do it, watch this video How To Buy Tokens and Coins. Now you're ready to buy HACK! Watch this video How to buy HACK and go to buy.hf.cx to buy some!
To buy HACK using USD, you'll need to wire transfer funds to HACK Fund's bank account. Please contact
firstname.lastname@example.org for instructions on how to do that.
Note: Coinbase ETH wallets won't work as they are not ERC20-compliant.
Whitepaper and Executive Summary
HACK THE PLANET!!
See you next time!