Ninjastic
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Re: [ANN][04.07] ICO Starta - Cross-Coin Venture capital on the blockchain
by
paddyd
on 17/07/2017, 21:51:05 UTC
Quote from: ICO_support on July 17, 2017, 11:40:07 AM
Quote from: Naficopa on July 17, 2017, 11:33:53 AM
Quote from: Kairatka on July 17, 2017, 08:32:37 AM
Quote from: paddyd on July 15, 2017, 01:07:12 PM
Quote from: paddyd on July 09, 2017, 11:49:24 PM
Hi all,

One of the 21 companies in the starta portfolio is raising funds via a crowd sale.

https://www.ico.suretly.com/

Does anyone have any idea how this will impact CRS tokens? Will funds raised be used to provide Starta a return on investment, and by extension CRS token holders?

Thanks.
Paddy

Starta team - can I get a response on this please.

Also can you please create a live document with:
1. current valuation for each of the 21 companies in portfolio
2. Details of the proposed exit points (company ico, sale in traditional markets etc)

all the talk here to date is about the price of the token, amazed that nobody is asking a single question related to the value of the underlying assets???  Roll Eyes


Hi,
Information on the valuation of the 21 portfolis can be found on the website, each was valued at a minimum of $1.9 million, of which most of them have surpassed now. https://startaico.com/

Targeted exit is at $10 - $50 M (projected average 10 X return per company) which can happen in 2-3 years or even less, details can be found in the white paper https://startaico.com/files/whitepaper.pdf

All this informations are on website. We expect news or at least informations what is going on with project. What steps are being taken at the moment?
Copy - paste information from website looks a bit like treating us like fools, don't you think?

No I dont think so, and we dont intend to treat people as fools. Most people dont read up the information available and still ask the same questions. Ofcourse, with the money raised from the ICO, the 21 startups will be funded and more will be enroled in the next batch. Right now we are still paying out tokens and translation bounties, dealing with issues from the ICO and listing on exchanges.

OK so. back to question one.

Suretly is currently having an ICO, last time I checked it had raised 1M+.

Please explain where this money sits in relation to the Starta capital.

- Is it being raised to pay off venture capital like starta
- How much of the capital will it account for? if the ICO represents  a sale of 30% of the company for we can speculate the overall value, and hence the true current market value of the starta investment, and thus inform ourselves on the valuation of the investment.

Simple questions that you surely have the data to respond to at hand.