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I would like to emphasize the SF2 startups are new startups and present fresh investment opportunities... Will Seedcoin I be investing in Seedcoin II? No, SFI funds are only used for SFI startups. |
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Yeah, fund one down 20% from IPO with no news on any startups. Why not go for round two? Updates are regularly posted on https://www.havelockinvestments.com/fund.php?symbol=SF1We are doing a monthly update/newsletter next one to be published next week. We are conscious this is a fast pace environment and will do our best to update more frequently. I would like to emphasize the SF2 startups are new startups and present fresh investment opportunities, potential investors may assess these ventures and ask questions on the individual threads of each startup on this forum in the Marketplace -> Securities section. More info re. SF2 on http://www.seedco.in/home/havelock/SF2 |
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Investors deserve to be kept in the loop kind of surprised that I am just hearing about most of this information now In the Disclosure I became aware of the GoCoin news 4 days ago, 3 days after Seedcoin did. I instantly brought these questions up with Seedcoin and they assured me they would inform the market within a few days. Guess I wait but looking back nobody has done anything in this thread since January lol Sorry about any delay in providing timely information about GoCoin and its refusal to accept our investment. We have worked with the GoCoin stakeholders and founder since last November and we did not manage to finalize this investment. I would like to assure all SFI unit holders we have made our best efforts to complete the investment in accordance with our investment policies which have been accepted by the other startups until such time as GoCoin legal advisor eventually informed us of this decision. While the information was received earlier by email we had to discuss it internally among our partners and our lawyers and I have also met with GoCoin stakeholders in the US last week. We have removed GoCoin from the Seedcoin website. We have not removed GoCoin from the SFI Havelock initial investment prospectus but we will remove GoCoin pitchdeck from the SFI startup list. We will ask Havelock Investments approval to issue an update for the SFI investment prospectus. We maintain cordial relations with GoCoin's founder and stakeholders and wish them success in their ventures. At this stage we have decided not to introduce a new startup in SFI as we are aware that several of the current SFI startups may need additional bitcoin investment and such investment may result in a stronger case when discussing with future external investors. SFI has committed BTC1,400 to the six other SFI startups so far. 11% of the fund raise was meant to fund Seedcoin operations and startup support activities out of which we have paid 5% of the bitcoin fundraise to Havelock Investments. Any further investment in SFI startups will be communicated prior to the operations and will result in the acquisition of additional shares of these startups by the fund and therefore an increased stake for SFI unit holders. We are working hard on a daily basis with SFI startups so that their performance may attract serious and reputable series A investor interest to reach positive results for SFI unit holders. |
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Does this company not give monthly or quarterly reports? How is an investor supposed to know what is going on? Looks like it has been a scam all along.
Hi Peter, I was at Inside Bitcoin NY last week, then DATA meeting in DC, then at the Toronto Bitcoin Expo 2014. We try to be as open and available in what we do, failure to update this thread on bitcointalk does not mean there is any issue with our operations. Fyi I invite you to contact any of the founders of the following startups: Cryptopay, CoinSimple, MexBT, Hive, zSIM and BTC.sx and ask them about Seedcoin and our involvement. I am in regular contact with all the entrepreneurs on a regular basis, helping them in various areas or providing assistance through our mentors and legal advisors. We are busy making sure these startups go to the next level of funding and I am confident SFI unit holders will benefit from our early involvement with these companies. Many VCs, angel investors and boutique investment firms are seriously looking or investing in Bitcoin startups, Seedcoin is in a unique and privileged position to benefit from the increase of interest from investors in this space. I can be reached at any time via < info@seedco.in> if you have any questions about our operations do not hesitate to contact us. |
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We are considering a project in Eastern Africa but not in that state.
Cheers! While I'm still unconvinced by this project, mostly because of Havelock's involvement, I sincerly appreciate this ironic and fun response (seriously, no pun intended). Well I have be talking to Havelock since August 2013 and I can tell you the due diligence on Seedcoin has been very thorough and we had a very high number of exchanges before agreeing on the process and approving the offering. I am grateful to Havelock for letting us offer Seedcoin Fund units to their members and providing funds to these Bitcoin startups. Investments in startups, being involved in crypto activities or not, are always risky but sometimes risk can pay off well, and Havelock is one of the few options available for anyone to invest in these startups. More info on the Eastern Africa venture coming soon... |
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Speaking of dividends, although regarding their initiation rather than their cessation: is there a tentative timeline for when shareholders might expect to see commencement of dividend payments?
SFI is investing in startups unrelated to crypto mining and therefore following the same rules as any other early stage startups, only those achieving a certain degree of profitability are likely to distribute dividends in the near future, 100% of those dividends as attributable to SFI stakeholding will be passed onto Havelock SFI unit holders. Some SFI startups are profitable but not all of them, early-stage startups are usually not profitable. As a seed-stage fund SFI aims at holding stakes of startups with a high probability of later stage investment (series A) at which time SFI will exit or sell out most of its shares and distribute 100% of the shares sale proceeds to the SFI unit holders via Havelockinvestments.com (as described in a post above). |
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May I ask about payments upon the sale of companies in SF-1? Will shareholders also be paid out pro-rata?
Many thanks!
Yes, proceeds from the sale of shares held by SFI in a company could be considered as special dividends and will be treated in a similar way, they will be paid out to SFI unit holders pro-rata of their holdings. SFI will pass 100% of the payments entitled to its shareholdings in the company onto the SFI unit holders. |
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How long will the dividends be paid from the first fund? If the second fund is started the dividends from the first fund stops?
There is no time limit for dividends as long as startups are profitable and decide to pay out dividends and as long as SFI still owns shares in that company, 100% of the dividends entitled to SFI will be paid out to the unit holders on Havelock pro-rata of their unit holdings. Any dividends from SFI and from subsequent funds (SF-2 and so forth) are entirely unrelated so payment of dividends from one Seedcoin fund does not prevent payment of dividends from another Seedcoin fund. |
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No news about anything here? Has the captain left the ship?
There's never been a captain, only somali pirates. Hi Lohoris, We are considering a project in Eastern Africa but not in that state. |
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Following the end of the fund raise a few days ago we have been busy putting in place the agreements for each startup with the assistance of specialized lawyers, the term sheets corresponding to each investment of SFI is being sent out to the SFI startup entrepreneurs this week and as soon as they are approved and executed we will publish the investment conditions, investment amounts and stakes to be owned by SFI and its investors via HavelockInvestments.com. We are currently also selecting the second batch of Bitcoin startups for SF-2, Seedcoin Fund 2. We have received more than 50 applications in less than one month via http://www.f6s.com/bitcoinstartupvirtualincubator and directly by email from Bitcoin entrepreneurs around the world. We would like to reiterate that each offering will raise funds for different Bitcoin startups, therefore each offering should be considered as separate investments with distinctive potential returns and potential dividends. Throughout the offerings the Funds' managers will keep the investment focus on cryptocurrency startups at an early stage of development. |
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Yes, 42's finished. 33, 40, and 10 are on hold. Starting from 59 and working toward getting caught up again.
In 59, responding to how the Silicon Valley MeetUp is set up, Scott Robinson says, "Well, the typical format is we invite speakers both locally and abroad. We've had people from Hashfast, Coinbase... We had Eddy from SeedCoin, who's throwing the Bitcoin Conference [at the] end of this week, Travis from CoinMarket, Jaron from CoinSetter. We had Guy the Glass Pig Eye."
That's what the transcriptionist wrote. I've listened to it five times now, and I agree with it, though maybe "Eye" is "guy." Unfortunately, Google is not helping find any connections between Bitcoin and the glass pig eye (or glass pig guy). Maybe it's more like "glaspig guy"? Glasgow guy? Plastic eye? "Gassed pig" guy?
Idunno about this Guy guy, but he sounds a bit insane.
Guy Paddock of GlassPay (RedBottle Design)... as mentioned here : http://www.meetup.com/Silicon-Valley-Bitcoin-Users/events/146537092/ |
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Is there a way to access a recording of these without a G+ account? Perhaps an archived copy?
We may do the next Hangouts using the 'on air' function so they can be saved on Youtube, this is the channel we would save these on: http://bitnews.tvwe have one more session planned with Leon, founder of zSIM on Thursday (US timezone). These are the upcoming sessions for Thursday Jan. 2nd and Friday Jan 3rd : - Thursday Jan 2nd @ 10am GMT with Joe, founder of BTC.sx, bitcoin only derivative on a FX-style trading platform, connect with btcsx@seedco.in via Google+ - Thursday Jan 2nd @ 5pm GMT (9am PST) with Gabriel, founder of MEXBT.com, Mexican bitcoin exchange, connect with mexbt@seedco.in via Google+ - Thursday Jan 2nd @ 4:30 pm PST with Wendell, founder of Hive (hivewallet.com), easy-to-use bitcoin wallet for OS X and Android. Connect with hive@seedco.in via Google+ - Thursday Jan 2nd @ 4pm PST / Friday 3rd 11am Australia time with Leon, founder of zSIM, connect with zsim@seedco.in via Google+ - Friday Jan 3rd @ 9am PST and 5pm GMT with Joe, founder of BTC.sx, bitcoin only derivative on a FX-style trading platform, connect with btcsx@seedco.in via Google+. |
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Upcoming sessionsTalk to Gabriel, founder of MEXBT.com, Mexican bitcoin exchange on Google hangout on Thursday, January 2nd, 2014 at 5pm GMT (11am in Mexico and 9am PST). Connect with < mexbt@seedco.in> via Google+ Talk to Wendell, founder of Hive (hivewallet.com), easy-to-use bitcoin wallet for OS X and Android, on Thursday, Jan. 2nd, 2014 at 4.30pm PST. Connect with < hive@seedco.in> via Google+
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So how do I join? Is there a hangout link or something like that?
you need to join via Google+ and add zsim@seedco.in to your circles. If you have missed yesterday's session please note we will set up another session with Leon on the period Jan 2nd - Jan 4th. I will update the thread with the upcoming sessions. To talk to Gabriel, founder of MEXBT.com, Mexican bitcoin exchange on Google hangout on Thursday, January 2nd, 2014 at 5pm GMT (11am in Mexico and 9am PST) please connect with < mexbt@seedco.in> via Google+. More sessions coming soon. |
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How many shares sold to date?
pls check https://www.havelockinvestments.com/fund.php?symbol=SFInumber after "Units outstanding" is the number of units sold. If you go to the tab "public offerings" on that page you can see the number of units sold for each block of 500,000 shares and remaining number of units for current block. |
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yes it was fun to meet everyone and hear some great talks, thanks to Hakim and the rest of the organisers for the great conference.
Will
Thanks for attending Will. We really enjoyed it as well. Hakim is now back in London. So many things happened (for bitcoin) since the conference... and more to come surely. |
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I attended it. Met lots of people. Edan Yago, Roger Ver, Asher from coinjar, Ken Lo fron ANX, Ryan from coinjar, Johann from Monetas, Hakim and Eddy from Seedcoin, etc.
Nice meeting you too, glad you enjoyed the conference. |
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Updated Dec. 30, 2013Announcing SFI Entrepreneurs-Investors Q&A SessionsWe are setting up Q&A sessions with the Seedcoin Fund I entrepreneurs via Google hangout so that potential investors of the SFI IPO on Havelock Investments ( https://www.havelockinvestments.com/fund.php?symbol=SFI) may ask questions to them directly. First session was held on Saturday Dec. 28 at 10am GMT with Leon, founder of zSIM. Leon is currently in Australia (GMT+11), we will schedule another session soon at a more suitable time for US-based potential participants. Please connect with zsim@seedco.in for his second google hangout session. Upcoming sessions: Talk to Gabriel, founder of MEXBT.com, Mexican bitcoin exchange on Google hangout on Thursday, January 2nd, 2014 at 5pm GMT (11am in Mexico and 9am PST). Connect with < mexbt@seedco.in> via Google+ Talk to Wendell, founder of Hive (hivewallet.com), easy-to-use bitcoin wallet for OS X and Android, on Thursday, Jan. 2nd, 2014 at 4.30pm PST. Connect with < hive@seedco.in> via Google+ Throughout the upcoming sessions you may ask questions to the founders of BTC.sx, Cryptopay.me, GoCoin.com, and Monero.co. Recent press clips about Seedcoin and its fund raise for Bitcoin startups : http://www.coindesk.com/seedcoin-incubator-brings-bitcoin-startups-world/http://foundersgrid.com/bitcoin-asia
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