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SPiCE VC – Decentralized Venture Capital Investments SPiCE ICO?

SPiCE is a blockchain-based venture capital fund that seeks to combine the liquidity of cryptocurrency with the power of VC investing. To that end, the company is currently in its first ICO for investors to buy into the fund.

What Is SPiCE VC?

SPiCE was founded and is operated by some major movers and shakers in the financial and technology industries. Managing partners include former CEO of Telefonica R&D and angel investor Carlos Domingo, current CIO of Bank of America and former CIO of CapitalOne Tal Elyashiv, and serial entrepreneur Ami Ben David.

Meanwhile, the SPiCE advisory board contains luminaries such as open source movement disciple Brendan Eich, the co-founder of Mozilla and the inventor of the JavaScript programming language. The inclusion of Eich provides a major cachet – and high levels of legitimacy to the project.

SPiCE VC Product

The primary goal of SPiCE is to create a vehicle for VC investment that takes the best of both worlds when it comes to blockchain based cryptocurrency and traditional VC investment funds. Goals of the project include making VC liquid, thus freeing investors from locking away their investments for periods of 7-10 years on average.

Using a blockchain-based investment method also democratizes the process, making VC investment more open to others and inclusive by allowing trading in both cryptocurrency and fiat currencies. At the same time, the combination of crypto-based VC funding means that digital tokens can become asset-backed, thus reducing or even eliminating the volatility often associated with cryptocurrency markets.

The SPiCE Liquid VC ICO began on November 28 2017 and runs until December 31 2017. Sale price is 1 SPiCE token per $1 USD.

The resultant fund, sourced from the ICO, will be regulation-compliant just as a traditional VC fund would be. Investors will be entitled to 100% of net exits, also like a traditional VC -except that their investment inherently stays liquid..

SPiCE VC Opportunity

The opportunity presented to investors by SPiCE is to engage in long-term venture capital fund investment through cryptocurrency, but without having to lose control of your investment for the typical 7-year to 10-year cycle of traditional VC funds. Thanks to the transferable, asset-backed nature of the cryptographic token SPiCE is using for the fund, investors can buy, sell, or transfer their tokens for the value of their investment quickly and easily. This represents a high level of possible disruption in the traditional VC funding market, leading many to express interest in the project.

SPiCE VC Verdict

SPiCE, as a company, has an impressive pedigree. Thanks to its well-respected managing directors and advisory committee, the company has some major legitimacy – especially with Brendan Eich serving as an advisor. If there’s any ICO that has the full might of some highly authoritative individuals behind it, it’s certainly SPiCE.

The project is further supported in that it is targeted to VC funding and not merely yet another speculative ICO tied to a fly-by-night product or service. Being able to access your VC fund investment – and possibly even sell it – provides excellent levels of functionality and flexibility that veteran VC investors may be interested in accessing. Plus, with the cryptographic tokens themselves being asset-backed, this provides additional long-term investment stability that the cryptocurrency markets currently lack.

Overall, SPiCE seems to be a very good investment opportunity. We will caution, however, that even though investors will be able to transfer their stakes at will thanks to the fact that the fund is distributed through cryptocurrency token ownership, good VC funds are designed to provide long-term ROI. Investors looking for short-term speculative gains are unlikely to be satisfied by a slower-paced investment vehicle like a venture capital fund.

In other words, investors looking for a cryptocurrency-based investment opportunity that seeks to manage risk well at the expense of a longer, more slow-paced ROI are likely to be drawn to SPiCE. Anyone looking for something with faster turnover or more volatility-linked speculative opportunities will have to look elsewhere.

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