22x Fund

Invest in top startups via the blockchain

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#5 Product of the DayJanuary 29, 2018

22x Fund is an index fund for startups, offering access to the 22nd batch of 500 Startup companies.

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Reviews

  • Nawar NoryNextPlay Co-Founder
    Pros: 

    One token to have equity in 30 hot startups

    Cons: 

    N/A

    Changing the landscape of early stage startup investing and democratizing deal flow

    Nawar Nory has used this product for one year.
  • Pros: 

    Transparent, lower risk

    Cons: 

    Minimum of $50K for US investors in the main sale

    I believe this is going to change the face of startup fundraising, and many will follow.

    Aziz Kaddan has used this product for one month.

Discussion

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Nick AbouzeidHunterHiring@nickabouzeid · Words at Product Hunt ✌️
This is cool. Shaun, how are you managing US security law compliance given that this token (representing equities in real companies) would be classified as a security offering?
Ayush Khanna@ayushk · Cofounder @ LaborVoices
@nickabouzeid Hi Nick! I am one of the participating founders. 22X is a private fund that is being offered pursuant to Section 506(c) and is reliant on available exemptions under the Investment Company Act. There's more specifics in our whitepaper, if you're curious.
Ethan Illfelder@illfee · Corp Dev and Strat @AENetworks
@nickabouzeid @ayushk there are min funding requirements and a 1 year hold period so these tokens are not trading for a while.
Ayush Khanna@ayushk · Cofounder @ LaborVoices
@nickabouzeid @illfee Just to be clear: the holding period applies only to US investors. Outside the US, minimums are lower too. Within the US, we had to choose a compliance framework that made sense given the current legislative landscape.
Aswini Anburajan@anburajan · Social Data Collective
This is about democratizing access - changing who gets to invest and who gets funding. Much needed and excited its a crypto offering!
Phillip Alexeev@phillip_alexeev · Growth @ Sketchfab
Nice! Congrats Shaun!
I wish there were some information on the team behind this readily accessible on the website.
Kela@zabimaru_ichigo · Founder at Mailhaven
@golear Hi Gabe, have you taken a look at the white paper? You can find more information there.
@zabimaru_ichigo yeah that's why I specified 'readily accessible' it should be made very easy for interested parties to see who make up the team behind something like this. I rarely read whitepapers when a few red flags go off (can't find team members on the site being one of them).