Bitcoin Forum

Bitcoin => Press => Topic started by: btceic on May 29, 2013, 10:44:11 PM



Title: 2013-05-29 New Bitcoin VC Fund Seeks Edge with Regulatory, Security Skills
Post by: btceic on May 29, 2013, 10:44:11 PM
http://www.americanbanker.com/bankthink/new-bitcoin-vc-fund-seeks-edge-with-regulatory-security-skills-1059453-1.html


Title: Re: [2013-05-29] New Bitcoin VC Fund Seeks Edge with Regulatory, Security Skills
Post by: btceic on May 29, 2013, 10:46:46 PM
http://libertycityventures.com/digital-currency-fund/

Pretty cool, is this the first dedicated VC fund for btc?


Title: Re: [2013-05-29] New Bitcoin VC Fund Seeks Edge with Regulatory, Security Skills
Post by: kjlimo on May 30, 2013, 09:32:48 PM
http://libertycityventures.com/digital-currency-fund/

Pretty cool, is this the first dedicated VC fund for btc?

Not sure.  Is there a way I can invest in this fund? 

How is this different from a Hedge Fund which focuses on bitcoin investments?

I'm intrigued by the idea of having a bitcoin startup fund that I can invest in.  Help me diversify my "bitcoin project" investments.


Title: Re: [2013-05-29] New Bitcoin VC Fund Seeks Edge with Regulatory, Security Skills
Post by: btceic on May 30, 2013, 09:38:18 PM
http://libertycityventures.com/digital-currency-fund/

Pretty cool, is this the first dedicated VC fund for btc?

Not sure.  Is there a way I can invest in this fund? 

How is this different from a Hedge Fund which focuses on bitcoin investments?

I'm intrigued by the idea of having a bitcoin startup fund that I can invest in.  Help me diversify my "bitcoin project" investments.

If you are an accredited investor and are liquid for  a few million im sure they will take your call.


Title: Re: [2013-05-29] New Bitcoin VC Fund Seeks Edge with Regulatory, Security Skills
Post by: kjlimo on May 30, 2013, 09:41:45 PM
http://libertycityventures.com/digital-currency-fund/

Pretty cool, is this the first dedicated VC fund for btc?

Not sure.  Is there a way I can invest in this fund? 

How is this different from a Hedge Fund which focuses on bitcoin investments?

I'm intrigued by the idea of having a bitcoin startup fund that I can invest in.  Help me diversify my "bitcoin project" investments.

If you are an accredited investor and are liquid for  a few million im sure they will take your call.

A) don't think I'm an accredited investor, and

B) don't have a liquid (nor illiquid) few million.

How do I become accredited?

Why is "a few million" the minimum amount necessary?


Title: Re: [2013-05-29] New Bitcoin VC Fund Seeks Edge with Regulatory, Security Skills
Post by: btceic on May 30, 2013, 09:55:55 PM
http://libertycityventures.com/digital-currency-fund/

Pretty cool, is this the first dedicated VC fund for btc?

Not sure.  Is there a way I can invest in this fund? 

How is this different from a Hedge Fund which focuses on bitcoin investments?

I'm intrigued by the idea of having a bitcoin startup fund that I can invest in.  Help me diversify my "bitcoin project" investments.

If you are an accredited investor and are liquid for  a few million im sure they will take your call.

A) don't think I'm an accredited investor, and

B) don't have a liquid (nor illiquid) few million.

How do I become accredited?

Why is "a few million" the minimum amount necessary?

http://www.sec.gov/answers/accred.htm


The federal securities laws define the term accredited investor in Rule 501 of Regulation D as:

Quote
a bank, insurance company, registered investment company, business development company, or small business investment company;
an employee benefit plan, within the meaning of the Employee Retirement Income Security Act, if a bank, insurance company, or registered investment adviser makes the investment decisions, or if the plan has total assets in excess of $5 million;
a charitable organization, corporation, or partnership with assets exceeding $5 million;
a director, executive officer, or general partner of the company selling the securities;
a business in which all the equity owners are accredited investors;
a natural person who has individual net worth, or joint net worth with the person’s spouse, that exceeds $1 million at the time of the purchase, excluding the value of the primary residence of such person;
a natural person with income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year; or
a trust with assets in excess of $5 million, not formed to acquire the securities offered, whose purchases a sophisticated person makes.




Title: Re: [2013-05-29] New Bitcoin VC Fund Seeks Edge with Regulatory, Security Skills
Post by: kjlimo on May 30, 2013, 10:01:03 PM
Thanks for the info!

Maybe next year ;)

http://libertycityventures.com/digital-currency-fund/

Pretty cool, is this the first dedicated VC fund for btc?

Not sure.  Is there a way I can invest in this fund? 

How is this different from a Hedge Fund which focuses on bitcoin investments?

I'm intrigued by the idea of having a bitcoin startup fund that I can invest in.  Help me diversify my "bitcoin project" investments.

If you are an accredited investor and are liquid for  a few million im sure they will take your call.

A) don't think I'm an accredited investor, and

B) don't have a liquid (nor illiquid) few million.

How do I become accredited?

Why is "a few million" the minimum amount necessary?

http://www.sec.gov/answers/accred.htm


The federal securities laws define the term accredited investor in Rule 501 of Regulation D as:

Quote
a bank, insurance company, registered investment company, business development company, or small business investment company;
an employee benefit plan, within the meaning of the Employee Retirement Income Security Act, if a bank, insurance company, or registered investment adviser makes the investment decisions, or if the plan has total assets in excess of $5 million;
a charitable organization, corporation, or partnership with assets exceeding $5 million;
a director, executive officer, or general partner of the company selling the securities;
a business in which all the equity owners are accredited investors;
a natural person who has individual net worth, or joint net worth with the person’s spouse, that exceeds $1 million at the time of the purchase, excluding the value of the primary residence of such person;
a natural person with income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year; or
a trust with assets in excess of $5 million, not formed to acquire the securities offered, whose purchases a sophisticated person makes.





Title: Re: [2013-05-29] New Bitcoin VC Fund Seeks Edge with Regulatory, Security Skills
Post by: ArticMine on May 31, 2013, 03:53:28 PM
http://libertycityventures.com/digital-currency-fund/

Pretty cool, is this the first dedicated VC fund for btc?

No. According to the article there is already a fair amount of competition in this space.