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Hack Fund V - Pitch Deck


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Hack Fund V - Pitch Deck

  1. 1. Mexico Shanghai Dubai Silicon Valley A publicly-traded Silicon Valley venture fund investing in global technology
  2. 2. 85% of future GDP growth outside of the US
  3. 3. of the world’s venture capital here 2/3
  4. 4. Offices in Silicon Valley, Shanghai, Mexico, Dubai, Amsterdam 4 Deal flow comes to us through our events and network that has reached over 300,000 founders in more than 140 cities worldwide Global Deal Flow
  5. 5. Cutting-edge technology companies with customers and revenue. Companies we invest in Ready to scale globally Vetted by experienced angel investors and LPs. Projected to earn at least $100k revenue within one year. 5
  6. 6. Featured Sectors Artificial Intelligence / Machine Learning Software as a Service (SaaS) Blockchain Infrastructure Big Data Security Hardware & Deep Tech Internet of Things (IoT) Next Generation of eCommerce Financial Services / Payments Agricultural Technology (AgTech) 6
  7. 7. Low cost, no management fees ● GPs win only when fund performs well. Incentivized to grow portfolio company revenue ● Management compensation is performance based ○ 1% equity grant per quarter only if HACK Fund beats index performance ○ Max 23%, which includes up to 4% total to Non-Profits and Portfolio Companies Invested in Performance 7
  8. 8. Fee Structure 8 0% Carry Exits are reinvested in the fund. Portfolio growth benefits investors and is how the fund succeeds Operations Repayment Management company repays operational costs at 5% interest on the first sale of stock No Management Fees None of the recurring fees typical in other funds.
  9. 9. We have a proven portfolio selection process utilizing a broad selection of experts across our network Our investment targets post-product, revenue-generating companies focused on exceptional growth Choosing Top Companies
  10. 10. HACK Fund Services 10 Business Consulting Helps tech companies establish in Silicon Valley and grow globally Merchant Banking From launch capital to wealth management, merchant banking services are tailored to expanding companies Community Building Cultivating the next generation of startups around the world
  11. 11. Proven Process EvaluationReferral Investor Review Team Interviews Co-op ProgramOffer to Join Co-op Vetting by Experts in our Community from Global Community Experienced, respected Program Focuses on Value Creation Portfolio Startup Program 11
  12. 12. Track Record 12 55 companies *Including acquisitions from 8 exits $120,000,000 raised $600,000,000 valuation in just 6 years 2 companies on IPO track within 2 to 3 years 30% IRR 6 years straight
  13. 13. Etips Largest publisher of mobile travel apps - Team in Switzerland, Argentina, Philippines, India and Mexico - Moved HQ to Silicon Valley - Recent $400K friends & family funding round - Oversubscribed - IPO readiness - 24-36 months 13 Featured Portfolio Startup Clients: 1.5M monthly active users
  14. 14. ISAI Controles Smart building automation and control - Offices in US, Central and South America - Worked in 20+ countries - 2018 Revenue: $4.5M - IPO readiness - 12-18 months - London AIM Stock Exchange 14 Featured Portfolio Startup Clients:
  15. 15. - HACK Fund is sourcing and investing in companies going through Vodafone’s program - HACK Fund is Vodafone’s first venture partner - Vodafone leverages its resources as the world’s 2nd largest telco - To grow 15-45 $100M companies within 3 years Vodafone Partnership 15
  16. 16. Jonathan Nelson Managing Director, HACK Fund | CEO, Hackers/Founders Jonathan builds relationships with corporate partners and investors and researches ways to offer alternative forms of financing to portfolio companies. Jonathan also helps international companies relocate and expand their offices, and actively advises companies in our portfolio. 8 exits out of 55 companies in 4 funds in the first 6 years. Former member of SEC Advisory Committee for Capital Formation for Small and Emerging Business. Board member of Wilson Center for Public Policy--Latin America. Torrance Carroll Partner, HACK Fund | COO, Hackers/Founders Torrance catalyzes fund growth through continual engagement with portfolio companies, investors, advisors, and community members. As Chief Operations Officer for Hackers/Founders and Partner at HACK Fund, he manages both internal processes and staff to allow the company to run efficiently as well as provide services to portfolio companies. Served as an adviser to the Science & Technology Innovation Bureau of Guangdong Province. Specific focus on Asia-Pacific. Laura Nelson Managing Partner, HACK Fund | Chief Innovation Officer, Hackers/Founders Laura Nelson is co-founder and Chief Innovation Officer of Hackers/Founders (H/F) as well as the H/F Co-op program. She also serves as Managing Partner for HACK Fund. Utilizing her years of experience in tech, Laura provides the H/F community with tools, connections, and personalized assistance, offering entrepreneurs the best chance at success and investors an average 30% return. TEAM 16
  17. 17. CONTACT US 17 Jonathan Nelson Laura Nelson Torrance Carroll LinkedIn Medium Blog Telegram ChatFund Documents
  18. 18. Appendix 18
  19. 19. Fund Structure 19 Target Fund Size: $250M IPO Target: Q3 2019Publicly Listed Fund Closed-End
  20. 20. Press Coverage 20
  21. 21. Venture capital has $300B waiting for liquidity Why publicly traded?
  22. 22. Public Listing Unlocks Liquidity 22 Enables venture investing without worrying about exit strategy
  23. 23. ● Allows HACK Fund to invest in companies outside of Silicon Valley with limited access to liquidity and provide liquidity to investors via public trading ● Liquidity of publicly-traded shares in HACK Fund means investors will be able to reap the rewards of a diversified startup portfolio without having to wait for years, as is the case in traditional venture capital investing, even more so internationally Why Publicly Traded? 23
  24. 24. David is an entrepreneur, banker and fintech advocate. Instrumental in creating non-profits in Asia to help facilitate constructive engagement between fintech - including cryptocurrency and blockchain - and local/regional entities. David also works for TD Bank as Asia Head of Global Equity Derivatives Sales. As an early adopter of digital currencies, CNN, CNBC, Bloomberg, NY Times, and the Economist have sought his perspective. Dave Shin Asia Head of Global Equity Derivatives Sales | TD Bank Singapore Martin has been key to building the Tomorrow Street (TS) USA deal flow network that includes VCs, incubators, accelerators and professional services providers. TS is designed to be one of the most powerful growth engines available for business ready startups. As a joint venture founded by Vodafone and the Luxembourg Government, it provides startups a base from which to access the multiple markets, and the expertise of its founders. Martin Perminas Managing Partner | Tomorrow Street North America Ex-SEC Ex-VP New products at NASDAQ, Ex-Product at NYSE Euronext. One of the world's top experts in securities law as it relates to secondary liquidity, capital markets and problems faced by small businesses in capital formation. Annemarie Tierney VP New Markets at NASDAQ & Assistant General Counsel at NYSE Euronext Appointed by President Barack Obama and confirmed by the United States Senate in 2014. Served as U.S. government affairs lead directly with senators and members of congress and senior officials from the White House and key executive branch agencies. Mark Lopes United States Executive Director at Inter-American Development Bank Advisors 24
  25. 25. Eric Benisek Attorney at VBL - AngelList Derek ANderson Founder, Startup Grind Jennifer Arcuri Founder, Innotech Network BaxiNisha Board, SV NewTech Charles Belle Founder, Startup Policy Lab - UC Hastings? Will Bunker Partner at SVG Syndicate - Founder Mikihiro Yasuda Partner, Strategic Investment Office - DeNA Shaherose Charania CEO and Founder, Women 2.0 Dave Gullo Founder and CEO, Command Line Interactive Andreas Haugsnes Director of Security at Unity Technologies Burt Herman Founder Storify, Hacks / Hackers John Jefferson Executive Director for Statewide Constituency Relations, AT&T Samir Kaji Senior Managing Director at First Republic Bank Erik Katz Executive Director, Co-Founder @ Maker Mart - HardwareCon Tadaaki Kimura Founder and CEO, addlight Inc Brett Lindsay Laffel Managing Global Program at Microsoft Emily Lam Director, Policy and Government Affairs at San Francisco Public Utilities Commission Hongyu Li Founder, IC Cafe, China Telemachus Luu Co-founder / CTO, NephoScale Shalin Madan Managing Director at SIM Jesse Martinez Founder, Latino Startup Alliance Chris McCann Community Lead at Greylock Partners Deldelp Medina CEO, Avión Ventures Horacio Melo Executive Director of Startup Chile Brad Miller Founder at Square6 Group Craig Montuori Executive Director at Global EIR Jacob Mullins Principal at @Shasta Ventures Marc Nager Managing Director at Telluride Venture Accelerator - TechStars Gustavo Netto VP, Digital Transformation at Bluewolf, an IBM Company Leo Polovets Partner at Susa Ventures + Software Engineer Joe Robinson Organizer, Designers + Geeks Diane Schrader Founder & CEO, THIRDact Nick Sullivan Founder, ChangeCoin & Mentor, 500 Startups Nnena Ukuku Founder, Black Founders Gary Whitehill Founder of BURST & Dell EIR Global Board Monique Woodard Founder, Black Founders Portfolio Review Experts 25
  26. 26. Track Record * Past performance is no guarantee of future results. ROI of Previous Funds* HF Mexico HF Pool 3 HF Pool 2 HF Pool 1 HF Alpha 26
  27. 27. • Finance • Human Resources • Legal Services o Incorporation/Reincorporation o Intellectual Property o Immigration • Management Consulting • Sales and Marketing Consulting Business, Legal, and Finance • Tailored Metrics & Support • Globalization Services • Access to Mentors & Peers • Coworking Spaces • Housing & Relocation • Networking Opportunities Founder Support • Company Presence • Website • Creative • Technology • Software • Hardware Business & Product • Application & Network • Incident Response • Threat Intelligence • Vulnerability Assessment Cybersecurity • Pitch practice and feedback • Access to Investors • Seed & Series A • Public Listing • Merchant Banking Fundraising • Targeting Customers • Branding • Marketing Strategy • Marketing Automation Marketing H/F Portfolio Services 27
  28. 28. Stock Allocation ● Issuance of stock to management company is dependent on fund performance ● For each quarter that HACK Fund outperforms a benchmark Russell 2000 Fund Index by 2%, the management team will receive 1% equity in the fund ● The maximum ownership percentage for management will be 23% ● Equity granted to the company will have a lockup period of 4 years from its grant date ● Though performance will be measured quarterly, the Company will only receive stock grants once a year as part of an annual review
  29. 29. Acquired by NCIT January 18, 2017 Access Invest Tinder for Investing December 2015 Fiverun Enhanced user experience for brick & mortar retailers Acquired by Vista Equity Partners June 11, 2012 Pieceable Playable mobile app demos on the web Acquired by Facebook August 2012 CodeEval Technical recruiting technology Acquired by HireVue September 11, 2015 Vidcaster Video marketing automation Acquired March 8, 2016 Synata Enterprise cloud search engine Acquired by Cisco January 10, 2017 Cameralends AirBnB for camera gear Acquired by KitSplit January 15, 2019 #1 search engine for vacation home rentals. Acquired by HomeToGo Acquired Startups 29
  30. 30. First HF Meetup at St. John’s Bar and Grill in Sunnyvale JUNE 2011 H/F Co-op Program Launches First International HF Meeting NOVEMBER 2010 First HF Meetup in Guadalajara, Mexico DECEMBER 2011 CodeEval Acquired AUGUST 2012 AUGUST 2015 H/F Mexico Co-op Program Launches JUNE 2012 Pieceable Acquired MARCH 2008 White House Demo Day - Portfolio Companies Invited AUGUST 2015 H/F History Timeline 30
  31. 31. Vidcaster Acquired SEPTEMBER 2015 DECEMBER 2015 Fiverun Acquired Jonathan joins SEC JANUARY 2016 MARCH 2016 Synata Acquired Access Invest Acquired JANUARY 2017 JANUARY 2017 Cameralends Acquired Vodafone Partnership NOVEMBER 2018 Acquired 2019-> JANUARY 2019 2 Portfolio IPOs and HACK Fund’s IPO H/F History Timeline 31
  32. 32. Featured Portfolio Companies Axenda Smart platform for construction management Construction Social Status Automate your social media reporting Analytics Rigs Centralized information from automotive aftermarket in one place Forbes 30 under 30 Ecommerce Code & Modules Hardware & consulting services for Industrial IoT Partnered with Oracle IoT IoT Hardware ISAI Controles Supply, design, hardware and software for smart buildings Smart Construction Mi Dulce Hogar On-demand home cleaning service Home Services Synx Simplifying the processing of large datasets for faster artificial intelligence Artificial Intelligence Talo Brush A smart toothbrush that brushes your teeth perfectly in just 10 seconds Hardware Zerply Connecting creative talent and companies in film, TV, and gaming Media Recruiting eTips Largest publisher of mobile travel apps Mobile Travel Suiteness Luxury suites / group booking Hotel Travel Browserling Interactive cross-browser testing Internet Searchie Uses AI to deliver a shortlist of job applicants to employers within 5 days HR AI Developing products with cricket and chapulin flour Winner - Shark Tank MX Founder featured in 2 TED Talks Retail Gricha PingPro Connect with vetted service professionals Location Based Services Localadventures Search unique expeditions throughout Latin America Marketplace Bexi Agency quality design, with in-house flexibility AI Design Indiefy World’s largest music distributor Partnered with Huawei Music Services
  33. 33. Testimonials 33 "Vodafone Tomorrow Street is delighted that our global relationship with Hackers and Founders will provide our growing portfolio of startups access to the highly innovative HACK Fund vehicle for their potential future funding requirements." "Hacker [SIC] Fund’s vehicle could provide more opportunity to invest in startup companies globally, as well as more chances for startups around the world to raise funding." “The idea behind Hack Fund is quite interesting. In most cases investing in a company leads to up to ten years of waiting for a liquidity event... investors can buy shares that can be bought and sold instantly while company performance drives the value up or down. In short, startups become liquid in an instant…”
  34. 34. Software based selection process 34 ● Portfolio selection, review, support process scales using custom-designed software, and experts from our global network ● HACK Fund leverages Hackers/Founders proven portfolio selection process and Co-op growth program ● Version 4 of our custom portfolio management software is currently under development ● This will improve the efficiency of managing dealflow, term sheets, services provided to portfolio companies and drive completion and follow-up
  35. 35. Portfolio Clients