Starta Initial Coin Offering
ICO Now Ended (max cap raised)
Project Type: Asset/Token
Start Date: July 4
End: August 4
“The very best investment opportunities are ones in which backers are able to take a stake in a promising company when it is still at an early stage in its development. Cryptocurrency investors intuitively grasp this idea: it is those who get in at the beginning and hold who see the 10x or 100x returns.” – Starta
Starta ICO has ended (max cap raised)
Interview with Starta
Bitcoin Chaser: What kind of problem, market deficiency or opportunity inspired you to launch your project?
Starta: Starta ICO offers the chance for anyone to become a venture capitalist, but the project offers benefits far beyond democratising a form of investment that was previously highly exclusive.
The very best investment opportunities are ones in which backers are able to take a stake in a promising company when it is still at an early stage in its development. Cryptocurrency investors intuitively grasp this idea: it is those who get in at the beginning and hold who see the 10x or 100x returns. Bitcoin in 2017 is a very different beast to bitcoin in 2012. But whilst this is possible for anyone in the cryptocurrency world, in the traditional financial sector these kinds of opportunities are only for the wealthiest and best-connected investors. Venture capital investment is simply out of reach for those who do not have a million dollars to spare and inside knowledge.
BC: How will your project address this problem or opportunity in a unique way?
Starta: Through a partnership with Cross Coin, Starta bridges the gap between retail investing and venture investing, but there are advantages beyond making these exclusive opportunities more accessible.
1) Access to pre-selected early stage start-ups
Investors don’t need specialist knowledge or to scour the market for opportunities. The companies have been selected for them, and all have customers/clients and revenues. They have working business models and have been chosen not only for their tech and approach, but for their teams: people are the most important asset, especially at this critical time in a company’s life.
2) Rapid growth
The task of the Starta Accelerator is to prepare these companies to break into the American market. They’re not only promising companies – they’re being equipped to expand and succeed. The target sale price is between 10 and 20 times the initial investment made in them. Any proceeds after costs are used to buy back Starta tokens.
One company is a risk, especially early-stage start-ups. With 21, your risk is well diversified. Even if one or two fail, there will likely be some big successes there – and maybe the odd unicorn. It’s an intelligent and effective way to manage risk, and it’s packaged right into the offering.
4) Exit any time
The VC world is illiquid, since these investments are by nature not publicly traded. Using a blockchain token means investors can sell their stake to someone else at any time, reducing their exposure.
BC: How do you think that competition will develop following your ICO?
Starta: I think VC rules are changing and this will bring new opportunities both to startups as well as investors
BC: What are you planning to do with the proceeds of your ICO, and why?
Starta: $1,500,000 will be invested in 33% of “Starta Accelerator 16/17” SPV, holding a portfolio of twenty-one technology startups from Russia and other Eastern European countries, which went through Batch 2 and Batch 3 of Starta Accelerator. The companies operate within the adtech, fintech and agrotech fields. These promising companies have already passed the initial stages of their development and attracted funds from early investors. Some of them have already received offers for sale to strategic investors, but prefer to pursue independent development at this stage. A full list and description of the startups is attached in the white paper on this site. Funds above $1 500 000 will be invested in future Starta Accelerator portfolio startups with similar investment focus.
BC: For all those who have read your white paper and are still on the fence about investing in your ICO, what can you tell them that could lead them to invest in your project?
Starta: It’s an opportunity of investing in VC portfolio of running startups with a good traction and participate in profit distribution in case of liquidity event. For crypto assets holders it’s a good non crypto asset diversification tool. And for crypto traders it’s a new high volatile asset. I think everyone can profit from Starta token and ICO is a good time to buy.