Topic: [HAVELOCK](SFI) Seedcoin Fund I - page 8. (Read 27350 times)

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

Cool, I just invested some. I really like the idea of the mexican markets and GoCoin looks great aswell.

'Teach a man to fish and he'll be an ungrateful dick about it'

Or you could have just told me how many shares sold to date. Never mind.

pls check https://www.havelockinvestments.com/fund.php?symbol=SFI

number after "Units outstanding" is the number of units sold. If you go to the tab "public offerings" on that page you can see the number of units sold for each block of 500,000 shares and remaining number of units for current block.

How many shares sold to date?

We will adjust the investment per startup according to total amount raised. We will keep all Seedcoin Fund I unit holders informed of any change in the investment amount depending on total amount of bitcoin raised through this offering.

What happens if the initial 2M shares don't get sold?

The same thing as if the shares sold:  Trading starts, shares tank. 

The same thing as if the shares sold:  Trading starts, shares tank. 

What happens if the initial 2M shares don't get sold?

The median equity stake Seedcoin Fund I should get from each investment in the SFI startups is 10%.
100% of these equity stakes will go to the SFI unit holders therefore the question should be 'What % of ownership will the SFI unitholders hold into the startups?" (not 'us').

There are two main reasons why I cannot give you a precise breakdown of each equity stake per company:
- fundraise on Havelock Investments is not yet complete, the equity stakes effectively acquired by SFI will depend on the actual investments completed (which may differ from the initial intention) so we need to wait for the final amount of the fundraise to know the actual stakes;
- some startups have asked us not to divulge their valuation at this stage.

However, I will go back to each entrepreneur and see who allows me to mention the agreed upon equity stake for the prospective investors of SFI on public forums such as this one. As soon as I get a positive answer from these entrepreneurs, I will publicize the information here.

fyi today's article about Seedcoin and SFI : http://www.coindesk.com/seedcoin-incubator-brings-bitcoin-startups-world/

we are doing our best to provide as much information as we can about this raise and the Bitcoin startups of Seedcoin Fund I to the general public.
 

This was my reply to your message on Dec. 12 (your message was dated Dec. 10 evening time) :

"I am at the Inside Bitcoin conference in Las Vegas so not easy to reply earlier.

If you want to talk I am available at 415-509-9028 and will fly back to Hong Kong on Friday morning."

from my email to which you did not answer since the 36 hours delay in my answer had discouraged you from participating to the IPO. Once again I am sorry I did not reply in the 24 hours of your message.

The 'random people' as you define the entrepreneurs who will receive the bitcoin from this raise are hard working entrepreneurs who are providing helpful and relevant services to the bitcoin community, bitcoin exchanges, payment processors, wallets, etc. Their business plans are available on http://www.seedco.in/home/havelock

None of these entrepreneurs have made public any dividend distribution plans as of today, contrary to mining operations where bitcoin may become available soon after initial hardware investment has been made, non-mining Bitcoin-centric companies live by the same rules as any other startups meaning they need to build something, original products and/or services, acquire clients and manpower to service these clients before paying out dividends. If you are looking for a short term, dividend paying investment this fund may not be the best option, although focused on seed-stage startups Seedcoin is looking for companies with promising prospects on the medium to long term and dividend distribution is not our main criterion of investment when selecting startups for the fund.