Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [BCAP] THE FIRST DIGITAL LIQUID VENTURE FUND - BLOCKCHAIN CAPITAL FUND
by
kmb448
on 03/04/2017, 15:50:06 UTC
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