Quote from: CrowdFunder on July 03, 2017, 08:17:38 AM

Quote from: ilia7777 on July 03, 2017, 05:58:17 AM

Hi everybody I'm just trying to find some information and therefore I would like to ask everybody pretty stupid question. BlockChain Capital have raised 10 million dollars into a first ICO for a regular venture fund and there a BCAP token. From what it seems BCAP token is simply trading on the news of the fund with no relation whatsoever to what happens to its assets ? I know that all crypto is like this, but in case of a venture fund this seems pretty odd. The whitepaper goes on 70 pages to tell the investors that they have no rights and that the management can do whatever they want. Its fine they are trying to protect themselves from all possible legal troubles given that no VC fund ever done an ICO before.

I think the legal troubles are a major issue for BCAP and thats they over lawyered on their terms and also probably why the bigger exchanges haven't listed it. That being said they have already invested in various ICOs so the trade isn't just purely on news of the fund.

I agree with you but it seems they don't accept investment from us people.