Re:Neufund raises €2M for its blockchain-based venture fund
by valdiorn on Thursday March 16, 2017 @12:59PM
(#13886643)
yeah good luck collecting on your equity when the company you "invested" in gets sold. How will they guarantee that the stake I've bought in the company is declared a legally mine? Will this ownership stand in a court of law?
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Re:Neufund raises €2M for its blockchain-based venture fund
by zoe_adamovicz on Thursday March 16, 2017 @03:13PM
(#13888122)
hello @Validorn, I'm the CEO of NF.
yes, this ownership will stand in the court of law. the ability to provide both classical legal and trustless-trust security to the investors is one of the key things of our IP and the innovation we have in our ecosystem of smart and legal contracts.
Re:Neufund raises €2M for its blockchain-based venture fund
by exposheet on Thursday March 16, 2017 @01:15PM
(#13886809)
You're right, maybe someone on HN can give us more info
Re:Neufund raises €2M for its blockchain-based venture fund
by rudolfix on Thursday March 16, 2017 @04:25PM
(#13888850)
there is a paper investment agreement signed with startup that says that certain shares are represented as a tokens in smart contract and whoever owns those tokens has shareholder rights (voting power, dividends) etc. so owning tokens is no different than owning shares.
this paper agreement has a corresponding smart contract agreement (they are linked via hash) and together they protect our investment both on blockchain and in so called off-chain world
Re:Neufund raises €2M for its blockchain-based venture fund
by zoe_adamovicz on Thursday March 16, 2017 @03:13PM
(#13888128)
hello i just responded above. feel free to ask me more questions :)