A team of four experienced serial startup and fund founders will launch a Canadian Bitcoin and Altcoin Investment Fund out of either Vancouver or Toronto.
One of the founders set up one of the very first bitcoin funds in Canada three years ago and managed to get a >100% IRR for his investors.
A Canadian management company will be set up to run multiple crypto funds:
Fund 1: tax efficient bitcoin buy and hold fund.
> Value to investors: they get secure exposure to bitcoin and their bitcoin is managed by experts, their gains are taxed at 50% less than if they held bitcoin directly
Fund 2: bitcoin alpha fund
One of our co-founders, a machine learning PhD who has been building trading algorithms for 100M+ hedge funds for the past 6 years, will be designing our trading strategy/algos.
> Value to investors: a team of people will trade their bitcoin (the team have all done 300%+ on their personal crypto investments and trading)
Fund 3: altcoin ICO fund
This one requires a deeper understanding of the crypto world, in short we’ll be buying into “Initial Coin Sales” – digital IPOs effectively where we can buy and then later sell tokens (crypto curency units) at a gain.
> Value to investors: significant, liquid, upside (we made 51X on our Ethereum investments and realized our gains immediately by selling our tokens)
The team has worked with a major law firm for the past 4 months and has determined the best structure to set this up. The team also has about 70% of the seed capital needed to open and begin raising money into fund 1. We need to find a few more friends/family investors to invest in the management company.
We are looking for a proven entrepreneur who wants to commit to this full time for at least 3 years. Large stock incentive package available for the right candidate.
My preferred candidate should be an entrepreneur based in Canada (or someone with previous experience in Canada who would be willing to move here), should have raised money before, should have a working knowledge of and interest in bitcoin and altcoins, and should have some previous fund experience.
If interested send me an email: email@example.com. Feel free to share!