Neufund raises €2M for its blockchain-based venture fund
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Neufund raises €2M for its blockchain-based venture fund
1–10 of 11 posts
Re: Neufund raises €2M for its blockchain-based venture fund
#2yeah good luck collecting on your equity when the company you "invested" in gets sold. How will they guarantee that the stake I've bought in the company is declared a legally mine? Will this ownership stand in a court of law?
Re: Neufund raises €2M for its blockchain-based venture fund
#3yeah good luck collecting on your equity when the company you "invested" in gets sold. How will they guarantee that the stake I've bought in the company is declared a legally mine? Will this ownership stand in a court of law?
You're right, maybe someone on HN can give us more info
Re: Neufund raises €2M for its blockchain-based venture fund
#4Seems like you could have done this without needing to use a blockchain... Do we have to use a blockchain for everything now?
Re: Neufund raises €2M for its blockchain-based venture fund
#5yeah good luck collecting on your equity when the company you "invested" in gets sold. How will they guarantee that the stake I've bought in the company is declared a legally mine? Will this ownership stand in a court of law?
hello @Validorn, I'm the CEO of NF.
yes, this ownership will stand in the court of law. the ability to provide both classical legal and trustless-trust security to the investors is one of the key things of our IP and the innovation we have in our ecosystem of smart and legal contracts.
Re: Neufund raises €2M for its blockchain-based venture fund
#6yeah good luck collecting on your equity when the company you "invested" in gets sold. How will they guarantee that the stake I've bought in the company is declared a legally mine? Will this ownership stand in a court of law?
You're right, maybe someone on HN can give us more info
hello i just responded above. feel free to ask me more questions :)
Re: Neufund raises €2M for its blockchain-based venture fund
#7Seems like you could have done this without needing to use a blockchain... Do we have to use a blockchain for everything now?
you're right that one can do funds without blockchain. but Neufund is not just a fund. I think that the Geektime article below is descirbing it in a lot more detail than TC. http://www.geektime.com/2017/01/17/berlin-cryptocurrency-hyb...
what Neufund does, in short, is providing the way to fund ANY STARTUP with the ICO process on blockchain. not just Blockchain startups. that's the key difference between us, other funds, and also ICO process itself, which currently is reserved to Blockchain companies only.
Re: Neufund raises €2M for its blockchain-based venture fund
#8Direct investing in ICO is major risk for investors. There is very little due diligence and investors don't have downside protection and it's unregulated.
Instead of starting with complicated solution on blockchain, NeuFund is starting like a regular VC capital that will be doing ICOs for his companies. This way they will provide best of both worlds
Re: Neufund raises €2M for its blockchain-based venture fund
#9Direct investing in ICO is major risk for investors. There is very little due diligence and investors don't have downside protection and it's unregulated. Instead of starting with complicated solution on blockchain, NeuFund is starting like a regular VC capital that will be doing ICOs for his companies. This way they will provide best of both worlds
that's right. thanks @kwikiel!
Re: Neufund raises €2M for its blockchain-based venture fund
#10yeah good luck collecting on your equity when the company you "invested" in gets sold. How will they guarantee that the stake I've bought in the company is declared a legally mine? Will this ownership stand in a court of law?
You're right, maybe someone on HN can give us more info
there is a paper investment agreement signed with startup that says that certain shares are represented as a tokens in smart contract and whoever owns those tokens has shareholder rights (voting power, dividends) etc. so owning tokens is no different than owning shares.
this paper agreement has a corresponding smart contract agreement (they are linked via hash) and together they protect our investment both on blockchain and in so called off-chain world