22x Fund

Invest in top startups via the blockchain

9 followers

Invest in top startups via the blockchain

9 followers

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

Launch tags:Venture Capital•Web3

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Hunter

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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8yr ago

@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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8yr ago

@nickabouzeid @ayushk there are min funding requirements and a 1 year hold period so these tokens are not trading for a while.

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8yr ago

@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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8yr ago

Are all investors getting the same discount on the token sale or do the large name brands get premium discount at the expense of of the majority (public investors) who bag hold the Pre sale discount offered to the big brand investors? I always worry when I see a collective of large brands in one place wondering what was given to get them on board. Are my worries unfounded?

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8yr ago

Trueface

@a12rj the angels and companies you're referring to invested prior to the offering (companies participating have already raised 22M+ in previous rounds before and after batch #22)

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8yr ago

@nchafni thank you. Yes. Make sense.

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8yr ago

@nchafni so then all token holders are receiving the same price?

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8yr ago

@nchafni @a12rj There is a bonus schedule, as is common with token sales. You can read more about it in the FAQ section: https://www.22xfund.com/faq

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8yr ago

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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8yr ago

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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8yr ago

Taza

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

Pros:

One token to have equity in 30 hot startups

Cons:

N/A

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8yr ago

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

Pros:

Transparent, lower risk

Cons:

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

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8yr ago

I wish there were some information on the team behind this readily accessible on the website.

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8yr ago

Haven (Gen II)

@golear Hi Gabe, have you taken a look at the white paper? You can find more information there.

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8yr ago

@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).

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8yr ago

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