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Show HN: Visionrare, an NFT-fuelled startup investment game
- janhenr 5y agoVisionrare is one of the coolest usecases I have seen come out of NFTs recently - props to the creators! The FOMO got to me and I bought two n1 pieces of virtual equity in startups I like.
- jacobclaerhout 5y agoGreat to hear you bought some VisionShares!
- somoge17 5y agoLooks really great! I wonder if you can find a way to incorporate NFT drops into this, too. So not only can you make a "fantasy lineup" for startups but other things too like NFT's and more.
- jacobclaerhout 5y agoThanks Somoge. I'm not entirely sure what you mean but we love getting suggestions. Feel free to join our discord or ping us on twitter with some more context!
- jdcz 5y agoVery cool project. Love the idea of "investing" in up and coming startups.
- jacobclaerhout 5y agoGreat that like what we're doing!
- berberous 5y agoThe three other comments on this post feel like they are from the creators and friends...
- cfup 5y agoThe way they do it is quite obvious. > virtually invest in any of the YC companies from W18 - S20. > Be quick, the earlier you buy the better the deal. Sound like a scam to me
- jacobclaerhout 5y agoWe are building a game where people instead of keeping an excel file with the startups they believe in and would have backed should they have the capital/access, can keep a digital portfolio. Just like in Fantasy Football, you'll be able to get real returns (albeit a lot smaller than real equity investing).
- jacobclaerhout 5y agoWe only know janhenr, who's an avid PH reader, personally
- janhenr 5y agoKnow the founders personally, but my comment still stands. Was honestly not a fan of the whole idea up until their launch day today.
- wallacoloo 5y agoSo this is like synthetic stocks, but only for (illiquid) startups, and gamified? It’s hard for me to tell what value my “investment” in any of these fantasy startups creates. I would much rather invest directly in the startup, where my money can be visibly put to use by the startup to help realize their goal.
- jacobclaerhout 5y agoIt is indeed a lot like synthetic stocks, but for private companies. This brings quite some complexities along in terms as how to value the companies even if just relative to each other. To help solve that we're partnering with startup data providers and are building scoring algorithms. If you have enough money and access to deals, it is undoutably better to invest in real equity. However, through our game we aim to empower people that don't meet that description to learn, have fun and become micro-backers of companies they believe in.
- poppejans 5y agoYour investment creates no value, this is less like synthetic stocks, and more like horse track betting. Just like with betting, you bet on some companies (horses). The bets then go into a pool (of which visionrare takes 20%). Based on the performance of the company (or horse) you pick, you get paid from the pool. I'd be surprised if this didn't get regulated as gambling if a government watchdog decided to look into this.
- poppejans 5y agoWhat countries are you licensed to operate in? Some countries will also punish the player for playing on unregulated gambling sites, so it would be nice to know which countries you're licensed to operate in.
- poppejans 5y agoWhat blockchain will the NFTs be stored on?