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!!!!
(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.
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!
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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