SPiCE Launches VC Fund ICO for Pre-ICO Blockchain Startups

SPiCE has announced today the launch of an ICO for a venture capital fund that can accept funds from pre-qualified investors. The fund will focus on early stage Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term startup, either pre-series-A or pre-ICO.

Spice's three founding members are: Carlos Domingo, formerly CEO of Telefonica R&D and New Business and Innovation at Telefonica Digital, and co-founder of Wayra; Ami Ben David, a founder of four startups, a marketer and product innovator; and Tal Elyashiv, formerly CIO at Capital One and Bank of America, CTO of 888, founder of three startups and an angel investor.

“While equity crowdsourcing brought startup investments to the public,” said Carlos Domingo, Managing Partner of SPICE. “We are hoping that SPiCE with its Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and inclusivity, will bring more people to investing in a venture capital fund, taking the portfolio approach, and avoiding the inherent risk of investing into a single startup or ICO.”

Spice also boasts an impressive group of advisors, including Loic Le Meur, founder of Le Web, Brendan Eich, inventor of JavaScript and co-founder of Mozilla and Brave, as well as Eyal Hertzog, founder of Metacafe and co-founder and architect of Bancor. SPiCE is also partnering with the Aragon Network, a digital jurisdiction platform, to bring governance to the security tokens.

“We are excited about Spice’s decision to utilize the Bancor protocol to add liquidity to its security token,” said Eyal Hertzog, co-founder of Bancor and SPiCE adviser. “The extreme efficiency that blockchain and smart contracts technologies enable, resulted in a volume of ICO crowdfunding for blockchain companies that has surpassed traditional early stage VC investment, and now with SPiCE VC, this revolution is coming for the funding of VCs themselves.”