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Topic: [ANN] [BCAP] THE FIRST DIGITAL LIQUID VENTURE FUND - BLOCKCHAIN CAPITAL FUND - page 24. (Read 48390 times)

vip
Activity: 1428
Merit: 1145
Why Marina_T and not Marina_K as in https://www.linkedin.com/in/marina-khaustova-1aa2a756/?

Because Marina_K is a different person.

Appreciate the rest of the comments even though they are very remotely relevant to BCAP ICO

I stand corrected: https://www.linkedin.com/in/marinatitova/

Any reason why you opted to not declare your full name, Marina Titova, after I incorrectly linked? Hey, maybe you're hopin' I won't stumble across it even though it's on Argon's website. Speaking of Argon, any reason why Marina Khautova doesn't mention this project on her Twitter feed? https://twitter.com/MarinaKhaustova

One more thing, looks like a $6M VC only garners 187 follows on Twitter: https://twitter.com/adtoapp (Marina K's other venture). And don't get me started on SeoPult.

I don't think you want want me to dig any deeper, do you? Assuming that I haven't already (or have), ask Brock about my Google-fu skills. He has my number. In case he lost it, here it is again - 815-508-1668.
sr. member
Activity: 569
Merit: 250
I think that this fond shareholders are in better position than tokenholders, no solid relation between fond profit and token value.
full member
Activity: 154
Merit: 100
Report on Blockchain Capital token offering by Smith & Crown: https://www.smithandcrown.com/sale/blockchain-capital/

https://www.smithandcrown.com/sale/blockchain-capital/

Quote
Who are the project’s competitors?

Two projects are attempting to collateralize shares in a private equity fund: ICONOMI and Taas.

Seriously, how did you forget about https://cryptonomos.com/


Hey Gleb. What the messs about BCAP? Do you think that Blockchain capital with 2 active funds will scam people for 10 mil? and what the connections between this tweets and companies? Can you say directly pls. I jsut want to invest but your apperance in this thread showed that something wrong. i knew about your great work on qtum_Scam
full member
Activity: 195
Merit: 100
Why Marina_T and not Marina_K as in https://www.linkedin.com/in/marina-khaustova-1aa2a756/?

Because Marina_K is a different person.

Appreciate the rest of the comments even though they are very remotely relevant to BCAP ICO
vip
Activity: 1428
Merit: 1145
Why Marina_T and not Marina_K as in https://www.linkedin.com/in/marina-khaustova-1aa2a756/?

FWIW, I stumbled upon this thread while researching https://twitter.com/gigawatt_mining/status/838537317329465344


Oh, and have https://twitter.com/neotopus/ fix the https://adtoapp.com/ site. It's currently unsecured. I suggest dipping into its $6M coffer to rectify the problem: https://www.mediapost.com/publications/article/255473/adtoapp-uses-new-monies-to-enhance-team-pay-publi.html

One more question. Does Nick Evdokimov go by Nick, Nicholas or Nikolay - as in Nikolay Evdokimov - on Thursdays?

Report on Blockchain Capital token offering by Smith & Crown: https://www.smithandcrown.com/sale/blockchain-capital/

https://www.smithandcrown.com/sale/blockchain-capital/

Quote
Who are the project’s competitors?

Two projects are attempting to collateralize shares in a private equity fund: ICONOMI and Taas.

Seriously, how did you forget about https://cryptonomos.com/

copper member
Activity: 2940
Merit: 4101
Top Crypto Casino
I didn't know about Blockchain Capital until this week and after reading I like the concept. It change how companies get funded and in some cases even the way they operate. Selling digital token as a method of raising money instead selling stock via exchange... I have been interested to read but didn't find about the Blockchain Capital Portfolio
Q: why i can't register at tokenhub.com ?

edit: sorry it works fine, i needed to allow Javascript in my brower Roll Eyes

Look good Smiley
Blockchain Capital Releases New Details on Ethereum ICO Token
http://www.coindesk.com/blockchain-capital-releases-new-details-ethereum-ico-token/?utm_content=buffer70235&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Quote
An investment memorandum published yesterday provides new details about an effort from venture capital firm Blockchain Capital to use digital tokens as a funding vehicle.

The document outlines the company's plans for its recently announced Digital Liquid Venture Fund offering, an investment vehicle set up with the aim of raising $10m as part of a $50m fund that would provide capital to startups.

The 'initial coin offering' (or ICO) will raise funds via a sale of ethereum-based 'BCAP Tokens' with a face value equal to $1 and capped at a maximum of 10 million tokens. Annual fees are set at 2.5% for management and 25% for performance.

A token buyback provision will also enable Blockchain Capital to purchase open-market tokens in the event that their market value falls below their net asset value.

The offering is set to begin on 10th April, with the firm utilizing the TokenHub platform developed by Argon Group, which will also act as the offering's underwriter. Legal advisory services will be provided by London-based Allen & Overy LLP.

The funds raised from the ICO will be split 50/50 between new ventures and a reserve account used for follow-up investments. Assuming a successful ICO, the fund will invest in 10–20 companies or token-based projects, contributing $500,000 per deal.

Further, the offering utilizes a filing exemption that allows up to 99 accredited US investors (individuals who meet stringent net worth requirements defined by the SEC) the opportunity the participate, without requiring the fund's entity to file activity with the regulator.

Guidelines for non-US investors are less stringent as there is no net-worth threshold required
full member
Activity: 195
Merit: 100
Report on Blockchain Capital token offering by Smith & Crown: https://www.smithandcrown.com/sale/blockchain-capital/
full member
Activity: 195
Merit: 100
How will the per year 2.5% management fee be collected?  If I have 10 BCAPs how will the 2.5% be charged?  Is this taken from some sort of dividend that will be dispersed quarterly or yearly?  Also, is the management fee from profits or from assets under management?  It would seem it would only be charged on dividends...in that case what if no dividends?  Does the 2.5% management fee only apply in profitable years?  Would be nice to see a company put their money where their mouth is so to speak for once. 

I like the idea of a fund entering the crypto space, but the reasons to do so don't seem to jive.  Why not make it public in the traditional sense?  Why just an ICO.  Seems that Blockchain Capital (BC) needs an influx of money to invest(?)...and if BC is established shouldn't there be enough happy investors lined up to contribute more?  Let's be honest, the goal is not to let the little guy enter the VC market, we all only do things to make money (which I'm totally for! Don't get me wrong).  I'm just missing something here.  The real WHY is something I don't see here.  Almost feels like BC is piggybacking the success of ICOs to have an influx of cash to invest...

I don't mean to sound cynical here, just trying to understand.

hmm, interesting thoughts actually.
See an ICO allows them to create a token at a cost of next to nothing to give anon people.
This ONE act alone can save them in court. Having the traditional VC route, EVERYTHING goes by the SEC, if people lose out, there will be hell to pay.
Crypto ICOs offer lowest liability possible, as the legal requirements to "fulfill your obligations" to investors are nearly ZERO :/



Geez you almost made me change my mind mate, need to think more about this


Thank you, you are raising some very valid points.

1. This ICO will be one the first ICOs to be compliant with US securities laws, so actually Blockchain Capital makes a very significant step to be compliant and regulated. Fund’s net asset value (NAV) will also be regularly reported. The offering memorandum in compliance with Regulation D and Regulation S of US Securities laws is expected to be published on April 3rd.

2. Only a relatively small portion of Blockchain Capital’s third fund is raised via an ICO. If you read the some of the news articles below the target for the fund overall is $50m, with only $10m coming from the ICO. So the bigger portion of funds is targeted to come from traditional limited partner route. ICO is the way for Blockchain Capital to practice what they preach and disrupt their own industry.
http://uk.reuters.com/article/us-usa-blockchain-funding-idUKKBN16N1Z8
https://www.forbes.com/sites/laurashin/2017/03/16/want-to-be-a-vc-this-firm-is-making-it-possible-for-everyday-people/#64f598397b70

3. The fees are in line with industry standards for VC funds. 2.5% management fee will be charged regardless of profits. 25% performance fee will be charged on profits, and that’s the fund manager’s compensation for providing a unique access to opportunities in the blockchain space that are otherwise not available to ordinary investors. For example, it is very difficult for an individual investor to get exposure to such companies as Bitfury, Xapo, Coinbase etc, and investing through BCAP gives you this opportunity. Please wait for the offering memorandum to learn about the exact mechanism of how the fees will be charged. There will be no dividends, as any profits will be reinvested into the fund, thus affecting NAV and hopefully token price in the aftermarket, as NAV will serve as a benchmark for it.


Thanks, Marina_T, for the response.

Follow up questions..

1) If there are no dividends, how will you collect the 2.5% fee?

2) Where does the other 75% of the profit go if the manager (Blockchain Capital) is taking 25%?  Is this the amount that is reinvested into the fund?

3) You say $50 million was already invested and the ICO will be $10million.  The investors during the ICO will receive a token (of value).  What do the investors in the $50 million "group" receive?  Do they get dividends or a stake in the company?  Do they get some of the 75% or the 25%? 

Thank you for your response in advance.  I'm just trying to understand the incentives for BC to allow the guppies to swim in the open ocean.  I get BC wants to "disrupt the industry", but nobody wants to do it unless they can make a buck or two...everybody's time is money.

-AJ


Please answer these questions

For the majority of questions I have to refer you to the Offering Memorandum which is available at tokenhub.com upon registration. It convers these questions in detail.

3) The investors in a traditional fund become fund's limited partners.



Dear all, thank you for your interest to the BCAP token offering.

Registration at TokenHub.com is now open and the Offering Memorandum can be viewed.

If you would like to participate in the offering, please make sure to register and go through the necessary verification required well in advance of the offering start on April 10th.

We expect very strong momentum once the book opens on April 10th which may mean we will reach the $10m cap very quickly and will have to scale back orders by partially refunding the participants. We will, however, be prioritising our early and, in the case of US accredited investors, significant followers.

In order for us to be able to track you, please make sure to fill in the expected investment size field once you register so we can prioritize you for the allocation.

If you have any problems or questions please do not hesitate to contact us at [email protected] or via Support Helpline on Telegram (https://t.me/bcap_bot).


Hi Marina,

Is the crowd-sale of tokens not on a first come first serve basis? Maybe I have misunderstood the above... It seems to suggest that you will give preference to large investors. As I plan to invest within the $2k-5k bracket, are my true investment chances practically null and void?
If so is that not in direct conflict of your core mission - 'Make the VC industry more transparent, democratic and accessible to individuals, not only institutions.'

Furthermore I did not come across the minimum investment within the memorandum, maybe you can clear that up for me?

FYI - I am an international investor so not affected by SEC regulation.

Thanks your help.

There is no minimum investment. It is for US accredited investors that we have to prioritize larger orders given the need to limit those to 99.
sr. member
Activity: 378
Merit: 250
How will the per year 2.5% management fee be collected?  If I have 10 BCAPs how will the 2.5% be charged?  Is this taken from some sort of dividend that will be dispersed quarterly or yearly?  Also, is the management fee from profits or from assets under management?  It would seem it would only be charged on dividends...in that case what if no dividends?  Does the 2.5% management fee only apply in profitable years?  Would be nice to see a company put their money where their mouth is so to speak for once.  

I like the idea of a fund entering the crypto space, but the reasons to do so don't seem to jive.  Why not make it public in the traditional sense?  Why just an ICO.  Seems that Blockchain Capital (BC) needs an influx of money to invest(?)...and if BC is established shouldn't there be enough happy investors lined up to contribute more?  Let's be honest, the goal is not to let the little guy enter the VC market, we all only do things to make money (which I'm totally for! Don't get me wrong).  I'm just missing something here.  The real WHY is something I don't see here.  Almost feels like BC is piggybacking the success of ICOs to have an influx of cash to invest...

I don't mean to sound cynical here, just trying to understand.

hmm, interesting thoughts actually.
See an ICO allows them to create a token at a cost of next to nothing to give anon people.
This ONE act alone can save them in court. Having the traditional VC route, EVERYTHING goes by the SEC, if people lose out, there will be hell to pay.
Crypto ICOs offer lowest liability possible, as the legal requirements to "fulfill your obligations" to investors are nearly ZERO :/



Geez you almost made me change my mind mate, need to think more about this


Thank you, you are raising some very valid points.

1. This ICO will be one the first ICOs to be compliant with US securities laws, so actually Blockchain Capital makes a very significant step to be compliant and regulated. Fund’s net asset value (NAV) will also be regularly reported. The offering memorandum in compliance with Regulation D and Regulation S of US Securities laws is expected to be published on April 3rd.

2. Only a relatively small portion of Blockchain Capital’s third fund is raised via an ICO. If you read the some of the news articles below the target for the fund overall is $50m, with only $10m coming from the ICO. So the bigger portion of funds is targeted to come from traditional limited partner route. ICO is the way for Blockchain Capital to practice what they preach and disrupt their own industry.
http://uk.reuters.com/article/us-usa-blockchain-funding-idUKKBN16N1Z8
https://www.forbes.com/sites/laurashin/2017/03/16/want-to-be-a-vc-this-firm-is-making-it-possible-for-everyday-people/#64f598397b70

3. The fees are in line with industry standards for VC funds. 2.5% management fee will be charged regardless of profits. 25% performance fee will be charged on profits, and that’s the fund manager’s compensation for providing a unique access to opportunities in the blockchain space that are otherwise not available to ordinary investors. For example, it is very difficult for an individual investor to get exposure to such companies as Bitfury, Xapo, Coinbase etc, and investing through BCAP gives you this opportunity. Please wait for the offering memorandum to learn about the exact mechanism of how the fees will be charged. There will be no dividends, as any profits will be reinvested into the fund, thus affecting NAV and hopefully token price in the aftermarket, as NAV will serve as a benchmark for it.


Thanks, Marina_T, for the response.

Follow up questions..

1) If there are no dividends, how will you collect the 2.5% fee?

2) Where does the other 75% of the profit go if the manager (Blockchain Capital) is taking 25%?  Is this the amount that is reinvested into the fund?

3) You say $50 million was already invested and the ICO will be $10million.  The investors during the ICO will receive a token (of value).  What do the investors in the $50 million "group" receive?  Do they get dividends or a stake in the company?  Do they get some of the 75% or the 25%? 

Thank you for your response in advance.  I'm just trying to understand the incentives for BC to allow the guppies to swim in the open ocean.  I get BC wants to "disrupt the industry", but nobody wants to do it unless they can make a buck or two...everybody's time is money.

-AJ


Please answer these questions
newbie
Activity: 2
Merit: 0
Dear all, thank you for your interest to the BCAP token offering.

Registration at TokenHub.com is now open and the Offering Memorandum can be viewed.

If you would like to participate in the offering, please make sure to register and go through the necessary verification required well in advance of the offering start on April 10th.

We expect very strong momentum once the book opens on April 10th which may mean we will reach the $10m cap very quickly and will have to scale back orders by partially refunding the participants. We will, however, be prioritising our early and, in the case of US accredited investors, significant followers.

In order for us to be able to track you, please make sure to fill in the expected investment size field once you register so we can prioritize you for the allocation.

If you have any problems or questions please do not hesitate to contact us at [email protected] or via Support Helpline on Telegram (https://t.me/bcap_bot).


Hi Marina,

Is the crowd-sale of tokens not on a first come first serve basis? Maybe I have misunderstood the above... It seems to suggest that you will give preference to large investors. As I plan to invest within the $2k-5k bracket, are my true investment chances practically null and void?
If so is that not in direct conflict of your core mission - 'Make the VC industry more transparent, democratic and accessible to individuals, not only institutions.'

Furthermore I did not come across the minimum investment within the memorandum, maybe you can clear that up for me?

FYI - I am an international investor so not affected by SEC regulation.

Thanks your help.
member
Activity: 63
Merit: 10
ICO method has hurt the VC and angel investor industry.  it has threatened their one honey hole. Block chain capital works with regulators to form the new regulation that is comming. Just Remember that regulation hurts free market economy, and only benfits the top.  They want you to comply with verification because they fear audit by SEC and do not have balls to challenge current establishment like other projects have.  Instead of challenging the current establishment, they get in bed with, put their knee pads on, and eat steak dinners with them.  Which is applauding, it's better to go with the grain then against it when it comes to your business's. They act as though they are the sole source of block chain revoultion. When it reality these guys have just rode curtails of projects who were willing to pur their neck out and challenge the current paradigm and risk their own neck. The BCAP club has only rode in the sucesss of those who have sacraficed and changed industy, all while acting like they are the sole success of these startups. Such a shame, this is.
full member
Activity: 201
Merit: 100
Hello.
If I'd like to invest in BTC, why should I also go through Verification ?
member
Activity: 63
Merit: 10
This is really sad you guys.  Ground breaking industry is suppose to upset current regulator laws, and impose change in the environment.  The VC industry is very upset about the ICO.  It takes away their honey hole. These guys may be the leading investors in blockchain tech, but they will also be the leaders in building new block chain regulatory standards.  As they stand, they do not like the average man, or even the wealthy man, who chooses not to abide by old world legacy laws.  These guys are in the pocket of the SEC, building new regulatory standards for block chain environment.  DCG standards will only help the man at the top, and not the men trying to build their way into the top Echelon of society. They hate on the way non "kosher" way some ICO have gone.  This is a free market, as of now.  Kenyak economics,  and should remain as such.  An organic market ruled by the people.  Not ruled by the VC who eat steak dinners with the SEC and other regulatory boards.  Many projects have done just fine with the ICO standards.  Yes they were not "legacy" and perfect.  A learning curve is a must, and a set of ICO ethical standards should be adopted.  But to put those Standards into the wolves hands, who eat dinner with the SEC, and fund lobbyist to make regulation benefit their own agenda, that goes against everything the crypto world has tried to change.  WE all know, crypto must reach ethical standards, and regulatory standards;  But we don't need to do it the way DCG wants it done. 
full member
Activity: 195
Merit: 100
If you are interested in prefunding your account please email [email protected]

Yes to the verification question.
newbie
Activity: 20
Merit: 0
Dear all, thank you for your interest to the BCAP token offering.

Registration at TokenHub.com is now open and the Offering Memorandum can be viewed.

If you would like to participate in the offering, please make sure to register and go through the necessary verification required well in advance of the offering start on April 10th.

We expect very strong momentum once the book opens on April 10th which may mean we will reach the $10m cap very quickly and will have to scale back orders by partially refunding the participants. We will, however, be prioritising our early and, in the case of US accredited investors, significant followers.

In order for us to be able to track you, please make sure to fill in the expected investment size field once you register so we can prioritize you for the allocation.

If you have any problems or questions please do not hesitate to contact us at [email protected] or via Support Helpline on Telegram (https://t.me/bcap_bot).

Disclaimer: You should not rely on this thread as legal advice. It is designed for general informational purposes only, as a guide to certain of the conceptual considerations associated with the narrow issues it addresses. This thread provided “as is” with no representations, warranties or obligations to update, although we reserve the right to modify or change this  thread from time to time. No attorney-client relationship or privilege is created, nor is this intended to be attorney advertising in any jurisdiction. This thread does not constitute an offer or solicitation to sell securities. None of the information or analyses presented are intended to form the basis for any investment decision, and no specific recommendations are intended.

I am a non-US investor. I registered at tokenhub and learnt that there is an option to pre-fund the account. How does it work? It is only meant for big investors? Btw, do I also need to go through the verification process if I invest more then USD 2k?
full member
Activity: 195
Merit: 100
Can you give us examples of good companies in the blockchain technology sector that BCAP would hypothetically be investing in today if for instance you started operating 3 years ago? Im interested in knowing what youre looking for in terms of potential in a blockchain company and what kinds of technology youre interested in.

Blockchain Capital actually started operating over 3 years ago, in 2013. This is their third fund. You can view the information about their existing portfolio at blockchaincapital.tokenhub.com or on their website blockchain.capital
sr. member
Activity: 868
Merit: 259
Can you give us examples of good companies in the blockchain technology sector that BCAP would hypothetically be investing in today if for instance you started operating 3 years ago? Im interested in knowing what youre looking for in terms of potential in a blockchain company and what kinds of technology youre interested in.
full member
Activity: 195
Merit: 100
Dear all, thank you for your interest to the BCAP token offering.

Registration at TokenHub.com is now open and the Offering Memorandum can be viewed.

If you would like to participate in the offering, please make sure to register and go through the necessary verification required well in advance of the offering start on April 10th.

We expect very strong momentum once the book opens on April 10th which may mean we will reach the $10m cap very quickly and will have to scale back orders by partially refunding the participants. We will, however, be prioritising our early and, in the case of US accredited investors, significant followers.

In order for us to be able to track you, please make sure to fill in the expected investment size field once you register so we can prioritize you for the allocation.

If you have any problems or questions please do not hesitate to contact us at [email protected] or via Support Helpline on Telegram (https://t.me/bcap_bot).

Disclaimer: You should not rely on this thread as legal advice. It is designed for general informational purposes only, as a guide to certain of the conceptual considerations associated with the narrow issues it addresses. This thread provided “as is” with no representations, warranties or obligations to update, although we reserve the right to modify or change this  thread from time to time. No attorney-client relationship or privilege is created, nor is this intended to be attorney advertising in any jurisdiction. This thread does not constitute an offer or solicitation to sell securities. None of the information or analyses presented are intended to form the basis for any investment decision, and no specific recommendations are intended.
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