[ANN] [BCAP] THE FIRST DIGITAL LIQUID VENTURE FUND - BLOCKCHAIN CAPITAL FUND

[kmb448]

Thank you for all the correspondence thus far Marina. Let me ask you a reiteration of what I and another user had asked you guys in regard to performance fees specifically:


For comparative purposes, TaaS project claims they will return 50% of fund profits to equity holders quarterly, with a remaining 25% being reinvested into the fund again. Short of stating it directly, they seem to omit what happens to the remaining 25% of fund profits which I could only assume would go to the fund managers. Essentially equivalent to a performance fee unless I am told otherwise.

The rough conclusion I reach from that offering is that you can expect to take away 50% of quarterly gains on your initial investment. Hopefully boosted by whatever accretive gains come from a 25% fund reinvestment. Fine.



Based on your team's offering description, it would sound like you are only exacting the 25% performance fee on profits gained, with the remaining 75% going back to equity holders. Aside from  the 2.5% fee on initial equity purchase of course. Would this be correct or am I missing something?


In all, somewhat more appreciative of the fact that your team is at least disclosing performance fees in an up front fashion, instead of users having to request that a missing 25% be spelled out (TaaS). However, we still want a little more light shed on just what happens with the 75% of remaining profit.

Yes I would probably assume the same re 25% of TaaS profits.

In our case we only have 25% fee on the profits, and the 75% is reinvested into the fund so token holders get the full benefit of those.

To clarify, in addition to that there is 2.5% which is not on initial equity purchase, but rather an annual fee charged to fund's net assets to cover fund's ongoing expenses. Mainstreet for example had 5%.

I hope it answers your question? There will definitely more disclosure on that in the offering memorandum coming out on April 3.

Yes that absolutely clarifies things. I also realized I'd missed the above response you gave to someone else, noting that the remaining 75% is reinvested to the fund. Makes sense. And thanks for further clarifying on the management fee. So it's a recurring annual expense on net assets. Okay.

[ajhodge7]

Thank you Marina_T for your responses.  I look forward to see the April 3rd release.  Good luck to you guys.

AJ

[MoveCrypto]

diversify yo bonds

[zebulun]

By owning this BCAP token, do we get exposure to companies you've already invested in such as Coinbase & Kraken?

Or are we instead just getting exposure to new startups that you invest in going forward?

[qiwoman2]

The fact this is SEC compliant might make it go through the roof very fast. I requested more info as I subscribed just now to the newsletter. I do hope I will be eligible to invest, even though I don't have much spare funding but would love to buy a few to back up my coin asset fund.

[zebulun]

How is the ICO money being raised? Is it just bitcoin that's being accepted?

[ArgonGroup]

How is the ICO money being raised? Is it just bitcoin that's being accepted?

We will accept BTC, ETH and USD wire transfers.

[topesis]

Hello ArgonGroup,

I want to know the minimum fund one can invest into the project and maximum for non-US investors

[Mateoo0]

Hello,

Sorry but I couldn't find info about when exactly memorandum will be, at what time? 

[Crypto Girl]

this is one of the well-planned project and one of a very presentable ANN here in Bitcointalk, the teams are doesn't hide their identity and everything seems to be in place, if the plan gets executed, this one will be a success.

[ArgonGroup]

this is one of the well-planned project and one of a very presentable ANN here in Bitcointalk, the teams are doesn't hide their identity and everything seems to be in place, if the plan gets executed, this one will be a success.

Thank you for the kind words and your support!

[Ano]

You are offering other bounties for translations, social media promotion, newsletter and blogging. In OP i don't find link even for signature campaign too.

[hubballi]

You are offering other bounties for translations, social media promotion, newsletter and blogging. In OP i don't find link even for signature campaign too.

Thank you for your interest. We only have a small signature campaign: https://bitcointalk.org/index.php?topic=1853466.new#new

Very good Advertising option you have chosen as above bounties will be a headache work to maintain and in signature campaign you will get lot of exposure to your project and more over through signature campaign your project will get correct and real exposure to the market.

[cotton ball]

We will accept BTC, ETH and USD wire transfers.

I enjoy reading ethereum included in the payment. and project was included in icorating, it means that BCAP concept is a solid investment system.

Code:

ICO date           : 10.04.2017 — 10.05.2017
Tokens distribution: Total BCAP token supply: 10 millions
Token Sales        : 1 BCAP token = 1 USD
Accepts            : BTC

Today already dated April 3 to provide full details on MoU
give me relevant information in order to get involved in successing this program. https://blockchaincapital.tokenhub.com/

[kmb448]

We're all looking forward to the memorandum later on today. As always thanks for all the correspondence thus far. I did have another question after discussing some risk elements  with a few of my friends/colleagues. Hate to skeptically poke and prod once again, but really need  to be clear on this: We saw the minimum lock-in time before liquidation for world  investors is 40 days while US investors have a minimum lock-in period of 1 year. So if the fund for any reason started tanking, or alternatively if it took off to a point where  we'd feel motivated to trim off some profit and trade the token, we from US soil would be asymmetrically disadvantaged by remaining locked-in while offshore investors can do what they please or could  totally bottom the fund out if decided upon exiting en masse? I understand that one upside to minimum lock-in periods is fostering long term oriented investments based on faith in the quality of assets, and avoiding pure profiteering, but need to understand why there is such a skewed difference between US and non-US investors, as well as what your motivations are behind that. Additionally understand that the crowdfunding only consists of $10 million USD while there is another larger $40 million USD accounted for by traditional investors - who are these traditional investors and do they have a lock-in time similar or longer than a year which would tremendously mitigate this risk? That would make a difference. If you can give me a reasonable justification for why this exists I will rest easier with deciding on my prospective investment.

KB

[kmb448]

We're all looking forward to the memorandum later on today. As always thanks for all the correspondence thus far. I did have another question after discussing some risk elements  with a few of my friends/colleagues. Hate to skeptically poke and prod once again, but really need  to be clear on this: We saw the minimum lock-in time before liquidation for world  investors is 40 days while US investors have a minimum lock-in period of 1 year. So if the fund for any reason started tanking, or alternatively if it took off to a point where  we'd feel motivated to trim off some profit and trade the token, we from US soil would be asymmetrically disadvantaged by remaining locked-in while offshore investors can do what they please or could  totally bottom the fund out if decided upon exiting en masse? I understand that one upside to minimum lock-in periods is fostering long term oriented investments based on faith in the quality of assets, and avoiding pure profiteering, but need to understand why there is such a skewed difference between US and non-US investors, as well as what your motivations are behind that. Additionally understand that the crowdfunding only consists of $10 million USD while there is another larger $40 million USD accounted for by traditional investors - who are these traditional investors and do they have a lock-in time similar or longer than a year which would tremendously mitigate this risk? That would make a difference. If you can give me a reasonable justification for why this exists I will rest easier with deciding on my prospective investment.

KB

Dear KB - thank you for your interest. The need for the 1 year lock-up for US investors is to do with US securities laws. There is not much we can do around that unfortunately.

The investors in the traditional LP fund are locked in for the whole period of the fund, which is not confirmed yet, but could be around 7-10 years in line with other venture capital funds. LPs in the traditional fund do not have liquidity at all unlike token holders.

I hope you still like the project and would be interested to invest.

Marina,

Much appreciated. That's a big confidence booster knowing the LP's are committed long term and represent the majority stake of the fund. I figured that the reason was regulatory in nature. Still like the project.

[Tony128]

Hi Marina,

I just stumbled upon the BCAP project and your helpful answers in this thread already provided me with a really good overview.

I have two (rather basic) questions however:

The plan is to reinvest 75% of the profits back into the fund. Obviously this should give the fund a great source for future investments, but what incentive does that bring to the token holder? If there is no plan to ever pay dividends (or some kind of bonus) to token holders, why should someone invest in the token in the first place or even be willing to pay more than the ICO price for the token when traded?  Even if the fund does exceptionally well, none of the token holders will ever see any of the profits, right?

Also, I understand that most regular people form the US won't be able to participate. Will they still be able to buy the tokens from an exchange, once the non US token holders are allowed to trade it?

Looking forward to hearing your thoughts regarding this.

Cheers,
Tony

[zahra4577]

Interesting!What I understand is BCAP will manage investments in both crypto tokens and blockchain projects for BCAP token holders/Will token holders get dividend ?

[Crypto_FreeMan]

Marina - why in terms of buyback the word - "may buy" and not "should buy".... What benefits now for investors? I think they "should" buy tokens if their Net Value is bigger then Token's MarketCap.

Waiting for Offering Memorandum.. Who soon it will be?

[lumierre]

Where will the BCAP tokens be built on? Ethereum?