Bitcoin is (not) dead 📈 AngelList

[ALTCOIN ASSEMBLY WEEKLY - BCAP] June 2, 2017

Good morning all, I am submitting our Altcoin Assembly Weekly two days early because of some prior committments this coming Sunday. Enjoy! And as always, looking forward to some great discussion around this.
Our focus this week is on Blockchain Capital.
Blockchain Capital (www.blockchain.capital) (formerly Crypto Currency Partners) is a venture capital company that invests in blockchain related companies. It is headquartered in San Francisco, California. It was founded in October 2013 by Bart Stephens, Bradford Stephens and Brock Pierce. To say they invest in blockchain related companies is an understatement. They ONLY invest in ventures inside the space. As of now anyway, who knows if that may change in the future. They are one of the few VCs that do this.
Bart and Brad are brothers who have been involved in the financial sector for quite some time. Bart started his career at e-trade in the FinTech sector while his brother was a former hedge fund manager at Fidelity. They also ran one together for ten years.
Brock Pierce is someone that you may know as Chairman of the Bitcoin Foundation. All three combined bring a wealth of experience to the venture. Having a quick look at their advisory board, it reads names like Vinny Lingham, Bobby Lee and Charlie Lee among traditional financial corporate heavyweights. Entrepreneur and self titled Disruptepreneur, Jeremy Gardner resides at Blockchain Capital as well. He is an Augur co-founder.
They are currently invested in 40+ companies and have a proven record of exits as well. See below this post for their current holdings and past acquisitions which are publicly available.
Another part of their business is money management, usually for family offices, high net worth individuals including 25 Bitcoin CEOS.
The aim of Blockchain Capital is to invest in early stage fundraising, meaning they will meet with teams that may only have a small group of devs and a PowerPoint presentation. That’s a great position to be in since this is where the most money can be made if prospects can pass their criteria. Primarily, they want to see strong engineering teams with a proven track record of success. The opportunities need to lie in places where there is a large total available market, have an engineering advantage or a new business model that sits overtop free to use hardware/software models. Go big or go home right? Investing in A, B or C round is something they don’t ignore either.
Their ICO has happened already (April 10 to May 17, 2016) and it was successful. Their ticker is BCAP, an Ethereum based smart contract token. They raised $10MM in 6 hours, self-proclaiming they were oversold. This is 20% of the total funds they are raising. The rest will come through traditional channels and will not have a token. Though their token supply is also 10MM, valuing each $1.00. As of this (Sunday, June 4, 2017, the value of BCAP is currently $1.73.
The token represents an indirect fractional non-voting economic interest in Blockchain Capital. The sales were only available to accredited investors. Interested parties had to submit documentation to confirm their identity and net worth/income. A complete turnaround from how ICOs are usually currently conducted. They could be setting the way for how future sales happen. Keep in mind this isn’t a completely new concept. From what I know, they have been in touch with the Federal Reserve on how to structure this so I feel it wasn't done blindly or without guidance.
What they did here was disrupt the very industry they work in. And why wouldn’t they try to? It makes perfect sense. Why wait for someone else to do it? Your local cab company didn’t start Uber. Netflix isn't owned by Blockbuster. Look where those two are now. One is struggling to catch up and the other is defunct. This is a perfect example of a firm who sees blockchain technology as both a threat and an opportunity.
The funds raised from their ICO will be split 50/50. Half will be for new ventures. The remaining for follow-up investments.
Their token grants holders a portion of the profits earned by their investment fund. They wish to spread $500,000 per investment which means 20 deals at that rate. Blockchain Capital will take a 2.5% management fee from that plus a 25% performance fee calculated on the returns. The remainder of the profits will be distributed to the token holders.
Further, a token buyback provision will also enable them to purchase tokens on the open market. This would be in the event that their market value tumbles below their net asset value.
I’m curious to hear your thoughts on this. As mentioned, this isn't an ICO we're used to seeing although this isn't the first of its kind. I do not own any BCAP and I’m hoping u/laughncow can add something here given that he met and spoke with Brock Pierce at his party in NYC during Consensus 2017.
Portfolio includes: o Coinbase – (https://www.coinbase.com) o ABRA - (https://www.goabra.com/) o AlphaPoint -(https://alphapoint.com/) o Bitaccess - (https://www.bitaccess.co/) o BitFury - (http://www.bitfury.org/) o BitGo - (https://www.bitgo.com/) o Blade - (http://www.bladepayments.com/) o BitPesa - (https://www.bitpesa.co/) o BLOCKCYPHER -(http://www.blockcypher.com/) o Blockstream - (http://www.blockstream.com/) o BTCC - (https://www.btcchina.com/) o Chain - (https://chain.com/) o Civic - (https://www.civic.com/) o ETHCORE - (https://parity.io/) - Led by Gavin Wood, with Fenbushi who VB is a partner in o Expresscoin - (https://www.expresscoin.com/) o Gem - (https://gem.co/) o Go - (https://www.gocoin.com/) o itBit - (https://www.itbit.com/) o Kraken - (https://www.kraken.com/) o LedgerX - (https://ledgerx.com/) o Noble - (http://noblex.io/) o PEERNOVA - (http://peernova.com/) o Ripple - (https://ripple.com/) o SFOX - (https://www.sfox.com/) o SNAPCARD – (https://www.snapcard.io/) o Stampery - (https://stampery.com/) o Stem - (http://stem.is/) o String - (http://string.technology/) o TIERION - (https://tierion.com/) o WAVE - (www.wavebl.com/) o Xapo - (https://xapo.com/es/) o zenbox o zipzap - (http://zipzapinc.com/) o ShapeShift - (https://shapeshift.io/) o Ox - (https://0xproject.com/)
Exits include: o Authy – Acquired by Twilio o Bex.io - Acquired by Klinch o Bitnet - Acquired by Rakuten o ChangeTip - Acquired by Airbnb o Coinsetter - Acquired by Kraken
Side note: Had you not participated in the ICO for whatever reason, they also have an AngelList network that allows smaller investors to get in on their deals with as little as $1K. I think this is smart on their part to extend and flex their financial reach. You can visit their page here, (https://angel.co/blockchain-capital)
Edit: Formatting
submitted by 053179 to ethtraderpro [link] [comments]

Scamtoshi Warning: Corona Dapp Development Network is trying to swindle money out of your pockets

Hi.
My name is Scamtoshi Nakamoto, and I have graced your presence as an angel from the future to point out and alert others of possible scams and bad actors in our community. Today, I have a good one for you.
The "Corona Dapp Development Network" have been attempting to market and hit the crypto world to advertise their new network, although to not much avail. Most of their posts just get down-voted from the beginning.
They say they are trying to accelerate the adoption of smart contracts and blockchain technologies by providing resources and guidance from industry developers to people wanting or building decentralized applications. They also state that they fund them, with anywhere between '$1,000 - $10,000'.
And yes, their network has their own token called Coronaz, in which they will be selling in a sale starting today, June 1st 2015. The sale was announced on May 26th 2015, just five days before.
Lets go through their entire project and pointing out all the very prominent red flags of a traditional scam.
Hybrid Proof of Participation is a new fundraising model in which you can participate with many different crypto coins, not only with Bitcoin. Not only that, the participant can also choose if to donate his coins or to burn them, hence "hybrid" model.
The Corona fundraiser is a donation drive for the purpose of supporting the Corona’s open-source Dapp development network. Any cryptocurrency funds donated to our project will be used primarily for funding Dapp development, both internally and externally, in addition to managing and promoting the Corona project. This would include the funding of Dapps developed by our team members, bounties for developers or freelancers who add value to the creation of said Dapps, and grants given to third party developers who are building their own Dapps which will be part of the Corona Dapp Network.
We believe that focusing on connectivity, collaboration and high quality services within the ecosystem will yield extremely positive economic results.
By default we will give priority to our internal team’s developers since we are able to ensure better oversight and project management. However, we strongly encourage 3rd party developers to apply for funding or grants. Any Dapps we fund will be required to carry the Corona network branding and attempt to best interoperate with other Dapps in the Corona ecosystem. In the event that a token will be required to use the Dapp, then it should incorporate the option to use Corona membership credits.
I'm sure there is much more. But by first initial looks of it, if it looks like a scam, smells like a scam, its probably a scam. If anybody else finds out any more information please feel free to post. I'm sick of these people trying to steal money from the under-knowledged part of this community.
Don't say I didn't warn ya!
Scamtoshi
edit: I cleaned up the post and text to make it a bit more straight to the points.
submitted by Scamtoshi to Bitcoin [link] [comments]

How AngelList Connects Startups and Investors - Ash Fontana // Startup Elements How to raise money with Bitcoin or invest in Bitcoin start-up companies How to Raise Money on AngelList  Ryan Angilly and the Ramen Story #1 Tip for Using AngelList. General Assembly: How to use Angel List featuring Ash Fontana

To anybody watching the price of Bitcoin, the blockchain boom came and went. Prices have dropped 60% since December. Startups aren't watching the markets: in the last 3 months, the number of new crypto job listings has doubled. Instead of raising money from VCs, crypto companies are selling tokens on their networks to fund development. Economics Sponsored Links Angellist, a popular website that allows startups to raise money from angel investors, has revealed data about new crypto job listings on its platform. The company details the hiring needs of companies in the crypto space and what jobs are in demand. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, ... Most startups raising money do so from accredited investors only. The SEC web site contains the full definition. In general, any of the following would meet the standard: Individuals with annual income over $200K (individually) or $300K (with spouse) over the last 2 years and an expectation of the same this year; Individuals with net assets over $1 million, excluding the primary residence ... Bitcoin's correlations with the S&P 500, gold, avocados, Telsa stock or whatever make for good short-term narratives, but they're not that meaningful. Inflation usually occurs when the Government issues more money over the year, decreasing the purchasing power of the people, on the whole. But the bitcoin system was created with the sole purpose of being finite (and that number is speculated to be around 21 million). Thus, without the possibilities of issuing excess currency, the threat of inflation comes down to almost zero. This point ...

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How AngelList Connects Startups and Investors - Ash Fontana // Startup Elements

In this video Rodrigo shows us how to raise money with Bitcoin by putting your small business or start-up on a Bitcoin exchange. You can issue shares of your company, and have people trade your ... How to Raise Money on AngelList Ryan Angilly and the Ramen Story - Duration: 42:33. ... How to raise money from angel investors WSGR Startup Basics - Duration: 15:10. This Week In Startups ... I have a great idea but need money to make it happen. How do I network with angel investors? Where do I make the connection? And what's the best way to reach... How to Raise Money on AngelList Ryan Angilly and the Ramen Story - Duration: 42:33. Name.com 4,866 views. 42:33. Angel Investors: How to Find Investors (In 2019) - Duration: 7:33. ... Don't know how you can fundraise on AngelList? No problem. In this class, you will learn tips and tricks on raising money from the Head of Fundraising Products at AngelList, Ash Fontana.

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