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.
Before H/F created HACK Fund, it started as a small group of founders that shared a passion for technology and startups. This community became an important place for founders to connect, learn, grow and collaborate with each other. Today, H/F community has grown from a handful in Silicon Valley to about 300,000 people in 48 countries.
H/F launched The Co-op, a growth program for early-stage companies, that leverages H/F’s extensive network. The Co-op provides connections, support and services in return for equity, so that these startups can expand globally. In the spirit of H/F’s community roots, founders literally have a stake in each other’s success, since they receive a piece of equity from each of their fellow companies.
H/F created four funds using equity from its Co-op portfolio startups, and sold them to investors. Funds 1 through 4 annualized 30% IRR for 5 years running, and boasts 7 exits, to companies like Facebook and Cisco.
HACK Fund combines H/F’s track record of startup fund successes with the power of the Ethereum blockchain. The result is the democratization of venture investing worldwide, because wherever the blockchain reaches, so does HACK Fund. Investors have liquidity, because they have the freedom to buy and sell fund tokens through online exchanges whenever they choose. The use of the blockchain erases borders, which means more startups can be funded and exit through their own token sales.
Investors have the advantages of venture capital combined with innovative use of the blockchain.
HACK provides investors with liquidity. Investors can buy, sell, and trade HACK through online exchanges at any time.
HACK is for investors at every level - from the general public (non-US citizens only) to VCs.
Invest in the best startups worldwide without the challenges that can come with reaching them.
Invest like a Limited Partner. HACK offers diversified exposure to technology startups.
All portfolio exits are funnelled back into HACK, increasing its value for investors.
Increased liquidity and exposure to blockchain.
Diversification into top global, high-growth tech startups through cryptocurrency.
Alternative to non-liquid crowdfunding, or high-risk angel investments.
Targeted number of investments: 30 for every $10M raised.
Typical initial investment by HACK: $100k-$250k Seed, $500k-$2M Series A.
Investing in both pre Token Sale startups as well as startups growing towards traditional exits.
HACK is liquid. HACK tokens can be traded freely via online exchanges
Up to 10% of the fund raised will also be used to liquidate our existing funds which are comprised of the best companies in our portfolio
Companies are selected for investment only after several rounds of reviews by boards of experts and acceptance to portfolio program
In addition, the team will be contributing $1 Million of stock from existing H/F Funds 1-4
100% of returns from portfolio exits will be reinvested into existing or recently accepted H/F portfolio companies
Including acquisitions from Facebook and Cisco
Enterprise cloud search engine
The Apple Store retail experience for any brick & mortar retailer
Tinder for investing
Technical recruiting technology
AirBnB for camera gear
Playable mobile app demos on the web
Video marketing automation
#1 search engine for vacation home rentals. Think: Kayak for AirBnB
Luxury suites / group booking
Largest publisher of mobile travel apps
Interactive cross-browser testing
Connecting creative talent and companies in film, TV, and gaming
Simple and effective email marketing
On-demand home cleaning service
Develop more powerful connected devices and get to market faster
Centralized information from automotive aftermarket in one place
Innovator of OpenStack based cloud and infrastructure management software
Integrated commerce platform for retailers with an online and physical store
Smart platform for construction management
Automate your social media reporting
A smart toothbrush that brushes your teeth perfectly in just 10 seconds
Simplifying the processing of large datasets for faster artificial intelligence
Dealflow: Hackers/Founders derives dealflow from ongoing community engagement with 300,000
entrepreneurs in 47 countries and 128 cities.
AI, EdTech, Machine Learning, Blockchain, IoT, B2B, SaaS and many more.
Vetted by experienced angel investors and Limited partners.
Revenue generating companies with an existing product.
$600M portfolio market cap in 5 years. Member of SEC Advisory Committee for Capital Formation for Small and Emerging Business. Board member of Wilson Center for Public Policy - Latin America.
As Chief Innovation Officer and Co-Founder, Laura conceptualized the H/F startup program, as well as thousands of educational and networking events. Her extensive experience in marketing and advertising means Laura’s insights are highly sought after.
Expanded the H/F Co-op to Guadalajara. Key to ongoing expansion efforts into more of Latin American markets, which are largely untapped and yet have a market cap of around 7 Trillion USD
Torrance catalyzes fund growth through continual engagement with portfolio companies, investors, and community members, As Chief Operations Officer for Hackers/Founders, he manages both internal processes and staff to allow the company to run efficiently.
Connor is Partner at HACK Fund, CFO, and on-staff crypto expert. He graduated from University of California, Davis with a degree in Economics. Connor was key in constructing the technical and legal framework for the HACK Fund. He also handles finance for Silicon Valley operations.
David is a seasoned veteran of the high tech industry, having previously held senior roles in Microsoft China, Oracle, Honeywell, IBM, NASA and startups in both the social network and the ecommerce space. His initial involvement in blockchain was during 2014 in San Francisco when he met with the Ripple Lab team and bought his first batch of XRP. David subsequently prototyped the first Ripple gateway in Taiwan and has been an active community member ever since.
Nick Sullivan drives technology development. As a founder of three companies, and engineering lead at three others, he understands what it takes to build top quality technology teams that accomplish the goals of the business. Nick has created millions of dollars worth of value for multiple companies.
One of the world's top experts in securities law as it relates to secondary liquidity, capital markets and problems faced by small businesses in capital formation. AnneMarie’s expertise with related legal will be invaluable to HACK Fund’s efforts going forward.
Startup Policy Lab, a new nonprofit think tank dedicated to connecting policymakers and the startup community. Examining public policy at the nexus of startups and technology, Charles' research is currently focused on privacy and how to support local government open data initiatives while simultaneously protecting citizen privacy.
Christopher is the founder & CEO of Gloebit, a digital currency web service providing secure in-app micro-payments and user-to-user transactions. His vision for a single currency across VR began taking shape in 2017 with the adoption of the Gloebit Money Module for the OpenSimulator VR platform, which is already being used by over 30 virtual worlds. Christopher’s focus on digital currency and VR commerce originated when he oversaw the entire $500M/yr ecosystem of Second Life.
Alejandro is an expert in the field of international development with over 20 years of legal and business experience in international negotiations and financial transactions, with a primary focus in Latin America and the Caribbean. Alejandro has worked as transaction counsel for law firms and financial institutions in Colombia, Spain, Germany and the United States. He is currently Head of the Corporate Affairs Team in IDB Invest.
Brad is an entrepreneur, investor, mentor, and advisor who has started and bootstrapped several companies from inception to maturity over the past 20 years. Currently the co-founder and Managing Partner of Krowd Mentor, a strategic crowdfunding advisory firm focusing on ICOs, cryptocurrencies, blockchain, and token-powered organizations.