[HAVELOCK](SFI) Seedcoin Fund I - page 7.

NanoAkron

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Quote from: Lohoris on January 22, 2014, 06:50:13 AM

Quote from: NanoAkron on January 22, 2014, 05:17:58 AM

Quote from: seedcoin on January 22, 2014, 04:19:41 AM

More info on the Eastern Africa venture coming soon...

Just my 2 satoshis - I really think offering the zSIM alternative to M-PESA (or maybe in collaboration?) would be an amazing opportunity, not only for bitcoin but also the unbanked of Africa.

Agreed, though that's more western Africa unless I'm mistaken.
In eastern Africa I guess they will need something to help or replace hawala.

That's more North Africa (the Maghreb) but it's still a good point. If you can make it sound like Bitcoin is more in keeping with 'Islamic Banking principles' you may find it takes off very well.

Lohoris

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Bitgoblin

Quote from: NanoAkron on January 22, 2014, 05:17:58 AM

Quote from: seedcoin on January 22, 2014, 04:19:41 AM

More info on the Eastern Africa venture coming soon...

Just my 2 satoshis - I really think offering the zSIM alternative to M-PESA (or maybe in collaboration?) would be an amazing opportunity, not only for bitcoin but also the unbanked of Africa.

Agreed, though that's more western Africa unless I'm mistaken.
In eastern Africa I guess they will need something to help or replace hawala.

NanoAkron

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Activity: 252

Merit: 250

Quote from: seedcoin on January 22, 2014, 04:19:41 AM

Quote from: Lohoris on January 20, 2014, 11:29:26 AM

Quote from: seedcoin on January 20, 2014, 11:26:07 AM

We are considering a project in Eastern Africa but not in that state.

Cheers!
While I'm still unconvinced by this project, mostly because of Havelock's involvement, I sincerly appreciate this ironic and fun response (seriously, no pun intended).

Well I have be talking to Havelock since August 2013 and I can tell you the due diligence on Seedcoin has been very thorough and we had a very high number of exchanges before agreeing on the process and approving the offering. I am grateful to Havelock for letting us offer Seedcoin Fund units to their members and providing funds to these Bitcoin startups. Investments in startups, being involved in crypto activities or not, are always risky but sometimes risk can pay off well, and Havelock is one of the few options available for anyone to invest in these startups.

More info on the Eastern Africa venture coming soon...

Just my 2 satoshis - I really think offering the zSIM alternative to M-PESA (or maybe in collaboration?) would be an amazing opportunity, not only for bitcoin but also the unbanked of Africa.

seedcoin

member

Activity: 90

Merit: 10

Seedcoin - www.seedco.in

Quote from: Lohoris on January 20, 2014, 11:29:26 AM

Quote from: seedcoin on January 20, 2014, 11:26:07 AM

We are considering a project in Eastern Africa but not in that state.

Cheers!
While I'm still unconvinced by this project, mostly because of Havelock's involvement, I sincerly appreciate this ironic and fun response (seriously, no pun intended).

Well I have be talking to Havelock since August 2013 and I can tell you the due diligence on Seedcoin has been very thorough and we had a very high number of exchanges before agreeing on the process and approving the offering. I am grateful to Havelock for letting us offer Seedcoin Fund units to their members and providing funds to these Bitcoin startups. Investments in startups, being involved in crypto activities or not, are always risky but sometimes risk can pay off well, and Havelock is one of the few options available for anyone to invest in these startups.

More info on the Eastern Africa venture coming soon...

triptamine

newbie

Activity: 12

Merit: 0

Quote from: seedcoin on January 21, 2014, 04:43:27 AM

Quote from: triptamine on January 20, 2014, 06:50:07 PM

Speaking of dividends, although regarding their initiation rather than their cessation: is there a tentative timeline for when shareholders might expect to see commencement of dividend payments?

SFI is investing in startups unrelated to crypto mining and therefore following the same rules as any other early stage startups, only those achieving a certain degree of profitability are likely to distribute dividends in the near future, 100% of those dividends as attributable to SFI stakeholding will be passed onto Havelock SFI unit holders. Some SFI startups are profitable but not all of them, early-stage startups are usually not profitable. As a seed-stage fund SFI aims at holding stakes of startups with a high probability of later stage investment (series A) at which time SFI will exit or sell out most of its shares and distribute 100% of the shares sale proceeds to the SFI unit holders via Havelockinvestments.com (as described in a post above).

Many thanks for the prompt answers. Much appreciated.

Bitdust

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Quote from: NanoAkron on January 21, 2014, 12:10:22 PM

But don't be worried by a lack of dividends, because not every big company even pays them.

Two famous examples are Berkshire Hathaway and Apple.

Two somewhat less famous examples: Labcoin and Active Mining.

NanoAkron

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Activity: 252

Merit: 250

But don't be worried by a lack of dividends, because not every big company even pays them.

Two famous examples are Berkshire Hathaway and Apple.

twentyseventy

legendary

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Merit: 1000

In other words: Don't expect a dividend from SFI any time soon. This sounds like a bad thing, since people here thrive on news of dividends, but in reality it's not.

These are startups; real startups don't pay dividends in the first year (or at all). Normally, the idea is to take the startup capital and either

1) Get bought out by a larger company, or
2) Become a successful medium to large sized business

In this space, buyouts haven't been very frequent, so I would say that most of these startups are probably looking at the long term. I don't really see any reason for any of them to pay a dividend, actually.

So, if you're in this for the long run, it may be a good investment. If you're looking for dividends in the next 1, 3, or 6 months - you're probably looking at the wrong stock.

seedcoin

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Activity: 90

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Seedcoin - www.seedco.in

Quote from: triptamine on January 20, 2014, 06:50:07 PM

Speaking of dividends, although regarding their initiation rather than their cessation: is there a tentative timeline for when shareholders might expect to see commencement of dividend payments?

SFI is investing in startups unrelated to crypto mining and therefore following the same rules as any other early stage startups, only those achieving a certain degree of profitability are likely to distribute dividends in the near future, 100% of those dividends as attributable to SFI stakeholding will be passed onto Havelock SFI unit holders. Some SFI startups are profitable but not all of them, early-stage startups are usually not profitable. As a seed-stage fund SFI aims at holding stakes of startups with a high probability of later stage investment (series A) at which time SFI will exit or sell out most of its shares and distribute 100% of the shares sale proceeds to the SFI unit holders via Havelockinvestments.com (as described in a post above).

seedcoin

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Activity: 90

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Seedcoin - www.seedco.in

Quote from: NanoAkron on January 20, 2014, 08:08:44 PM

May I ask about payments upon the sale of companies in SF-1? Will shareholders also be paid out pro-rata?

Many thanks!

Yes, proceeds from the sale of shares held by SFI in a company could be considered as special dividends and will be treated in a similar way, they will be paid out to SFI unit holders pro-rata of their holdings. SFI will pass 100% of the payments entitled to its shareholdings in the company onto the SFI unit holders.

NanoAkron

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Activity: 252

Merit: 250

Quote from: seedcoin on January 20, 2014, 07:44:52 PM

Quote from: naaktslak on January 20, 2014, 12:34:16 PM

How long will the dividends be paid from the first fund? If the second fund is started the dividends from the first fund stops?

There is no time limit for dividends as long as startups are profitable and decide to pay out dividends and as long as SFI still owns shares in that company, 100% of the dividends entitled to SFI will be paid out to the unit holders on Havelock pro-rata of their unit holdings. Any dividends from SFI and from subsequent funds (SF-2 and so forth) are entirely unrelated so payment of dividends from one Seedcoin fund does not prevent payment of dividends from another Seedcoin fund.

May I ask about payments upon the sale of companies in SF-1? Will shareholders also be paid out pro-rata?

Many thanks!

seedcoin

member

Activity: 90

Merit: 10

Seedcoin - www.seedco.in

Quote from: naaktslak on January 20, 2014, 12:34:16 PM

How long will the dividends be paid from the first fund? If the second fund is started the dividends from the first fund stops?

There is no time limit for dividends as long as startups are profitable and decide to pay out dividends and as long as SFI still owns shares in that company, 100% of the dividends entitled to SFI will be paid out to the unit holders on Havelock pro-rata of their unit holdings. Any dividends from SFI and from subsequent funds (SF-2 and so forth) are entirely unrelated so payment of dividends from one Seedcoin fund does not prevent payment of dividends from another Seedcoin fund.

triptamine

newbie

Activity: 12

Merit: 0

Quote from: Jungian on January 20, 2014, 12:37:56 PM

Quote from: naaktslak on January 20, 2014, 12:34:16 PM

How long will the dividends be paid from the first fund? If the second fund is started the dividends from the first fund stops?

Why would they stop?

Speaking of dividends, although regarding their initiation rather than their cessation: is there a tentative timeline for when shareholders might expect to see commencement of dividend payments?

Jungian

legendary

Activity: 930

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Quote from: naaktslak on January 20, 2014, 12:34:16 PM

How long will the dividends be paid from the first fund? If the second fund is started the dividends from the first fund stops?

Why would they stop?

naaktslak

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How long will the dividends be paid from the first fund? If the second fund is started the dividends from the first fund stops?

Jungian

legendary

Activity: 930

Merit: 1010

Quote from: Lohoris on January 20, 2014, 12:20:59 PM

Quote from: Jungian on January 20, 2014, 11:52:23 AM

What is it you dislike about Havelock?

Did you follow their IPO?

No, I did not.

Lohoris

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Bitgoblin

Quote from: Jungian on January 20, 2014, 11:52:23 AM

What is it you dislike about Havelock?

Did you follow their IPO?

Jungian

legendary

Activity: 930

Merit: 1010

Quote from: Lohoris on January 20, 2014, 11:29:26 AM

Quote from: seedcoin on January 20, 2014, 11:26:07 AM

We are considering a project in Eastern Africa but not in that state.

Cheers!
While I'm still unconvinced by this project, mostly because of Havelock's involvement, I sincerly appreciate this ironic and fun response (seriously, no pun intended).

What is it you dislike about Havelock?

Lohoris

hero member

Activity: 630

Merit: 500

Bitgoblin

Quote from: seedcoin on January 20, 2014, 11:26:07 AM

We are considering a project in Eastern Africa but not in that state.

Cheers!
While I'm still unconvinced by this project, mostly because of Havelock's involvement, I sincerly appreciate this ironic and fun response (seriously, no pun intended).

seedcoin

member

Activity: 90

Merit: 10

Seedcoin - www.seedco.in

Quote from: Lohoris on January 19, 2014, 03:54:34 PM

Quote from: Jungian on January 19, 2014, 02:22:30 PM

No news about anything here? Has the captain left the ship?

There's never been a captain, only somali pirates.

Hi Lohoris,

We are considering a project in Eastern Africa but not in that state.

Topic: [HAVELOCK](SFI) Seedcoin Fund I - page 7. (Read 27330 times)