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Am biased because I'm part of 22X offering, but as a group of founders we were in SF during the craziness of crypto in the summer and saw that there was a better way to raise capital - together. Legally we had to cede control so that this could be done by a third party - Securitize in this case - but the ramifications are huge if we are successful. It takes a standard startup investment and turns it liquid and has potential for greater returns because of lack of carried interest fees, lower management fees and immediate deployment of capital. Here's to a new era in startup investing!!!!
diversification, liquidity, and most importantly democratized access!
Makes a lot of sense for angel investors that want to get better access and have visibility into these types of deals.
(Full disclosure...22X/B22 here) I'm really excited beyond just our batch. Paving the way for this can change the game for a lot of other early stage companies.
This is really interesting. Sounds very promising.
Nice. Rise of the security tokens!
I want in! It would be great if YC companies can do the same and give the wider access to deal flow for a wider audience. I guess 500 Startup alumni is leading the charge on that and the seed stage investment is being re-engineered, who knew!
if this works out well then it will no doubts bring a breakthrough to all the future YC and 500 Startups batches. can't wait for that to happen!
Democratizing access to startup capital – love it!
Definitely a new way of raising capital in the start-up world...Looking forward to its success.
What an awesome way to use blockchain technology. Love it
Next level of financial system.... means more secure and faster way of doing business in future....
Feeling excited to see how this venture will go overall. This can bring whole new way to get funded especiallly as a group of companies.
Fantastic! I dream this grows and then having next 500 Startups and YC batches both in one same ICO. Have you ever heard of something better?
Really cutting edge: 22X security token backed by assets of the 30 underlying companies, PLUS the tokens are tradable after certain holding periods and not subject to the capital lock-up traditionally associated with startup investing subject to market liquidity. What more?
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