Want VC Returns? This Firm Makes It Possible For Everyday People

A venture fund digital token could solve a problem in venture capital. “My phone is blowing up with other VCs saying I want to do this — not blockchain and bitcoin VCs — because the biggest problem with venture, the thing everyone hates about venture capital, is that it’s delivered fantastic returns but no one wants to invest in an asset that’s locked up for 5-10 years. The idea you can invest in a venture fund and have liquidity is probably the most innovative thing that has ever happened in venture capital.”

Stan Miroshnik, managing director of the Argon Group, an investment bank focused on cryptocurrency- and token-based capital markets, which will be managing the crowdsale, said the BCAP was significant for several reasons.

“What you don’t have in traditional LP investment is the freedom to sell your limited partner interest. There’s usually a redemption period, a redemption notice period, a valuation process and then it’s unclear what the value of your piece of the portfolio is. What’s unique here is not only do you have the freedom, but the secondary market tells you what the market’s view of the worth of this asset is,” he said

Source: Want VC Returns? This Firm Makes It Possible For Everyday People