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22x Fund: Invest in the Best Silicon Valley Startups: One Token, 30 Startups
- TaylorGood 9y agoCool concept. Interesting balance as the token reflects a capital injection in 30 startups with fluctuating valuations against its own coin. On second thought, feels like vanity. Throw in $100 and boom! you’re an angel investor. The token is receiving 2.5-10% in any given startup. I don’t like that it depends on how much they raise to determine their stake. Let’s say they keep 50%. If 22X receives 5% of a startup then half that is split by potentially thousands of token holders. The ROI is foreseeably in the token performance. Like all of them.