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Investors will have opportunity to own up to 10% of a basket of 22 startups through a new form of "security token" offering. While the structure may enable better liquidity for early stage investors, regulatory concerns remain and investors may not receive many protections that are common in traditional venture capital.
Chris Rawlings founder, Judolaunch, another participating 22X company, said in a statement, “ICOs are all the rage right now, but few have a concrete offering underpinning the value of their token. Since ICO’s represent a new form of early-stage funding, 22X is leading the way by offering a token that gives investors real value right from the start.” Some of the 30 startups part of 22X Fund are ShortPoint, Judolaunch, OHALO, Fincheck, and Stealth Co. among others.
