22x Fund

Invest in top startups via the blockchain

#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.

Discussion
Would you recommend this product?
14 Reviews5.0/5
HunterPro
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?
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@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.
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@nickabouzeid @ayushk there are min funding requirements and a 1 year hold period so these tokens are not trading for a while.
@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.
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This is about democratizing access - changing who gets to invest and who gets funding. Much needed and excited its a crypto offering!
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Nice! Congrats Shaun!
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This is the future of funding for accelerator companies and early stage startups.

Pros:

Easy and low cost way to invest in a diverse portfolio of vetted startups

Cons:

If you are a US investor there is a large minimum in the presale

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