Pulsar Venture Capital, an international early-stage venture fund and business accelerator, begun a $30 million ICO sale of Pulsar tokens or ‘Pulsars’ on the 13th of November, 2017. The ICO is intended to raise funds for investing in reliable and high-yield projects in the tech industry. With an initial Pulsar token price set at $1 US, payment is accepted in Bitcoin or Ether, with a minimum contribution limited to 1 ETH.
Part of the funds raised through the ICO will be invested in 29 projects in the USA, Eastern Europe and South-East Asia, which Pulsar VC has been working with for a few years. All crowdsale participants will get shares in these portfolio companies. The current Pulsar Venture Capital’s portfolio has increased by a factor of 4.5 over the past four years. Based on the ICO outcome, the Fund plans to invest in over thirty projects in the most promising areas, including telecommunication, new materials and Internet of Things.
A discount system is applied for the first buyers of Pulsar tokens: 15% off on the first day, 10% off on the second day, 5% off during the first week, and 3% off until the end of the second week of the ICO. The coin offering will end on the 12th of December, 2017. The ICO campaign is being conducted in accordance with the new US Securities and Exchange Commission rules and regulations, meaning the new token sale is open to US investors. Furthermore, it will enable Pulsar to be openly traded on the exchange.
Managing partner of Pulsar Venture Capital, Pavel Korolev explained: “We are aimed at investments in projects that have significant market potential and 10x profitability. For years of work we have created one of the best systems of working with start-ups on the market and reliable partnership with strategic corporations and leading investors. All of this gives us the opportunity to exit earlier, while fixing high returns from the investments. We make successful exits, making 12-25x returns. ICO mechanism will allow us to unite opportunities of a crypto-fund with expertise of a venture fund.”
Currently, investments in start-ups pay multi-billion dividends to venture funds worldwide. Analysts are certain that decentralization and transition to blockchain technology will increase these revenues at least twofold. For example, Michael Jackson, the former COO of Skype and a current partner at Mangrove Capital Partners, a venture company, having analysed 204 ICOs, concluded that a ‘blind’ investment in a blockchain start-up generates an average return of 1320% for the investor. However, due to legal and technical challenges, such investments today can be limited to only a few large investors.
Korolev added: “Both our team and I, are confident that investments in disruptive innovation should be accessible not only to professional investors, but also to all those who believe that new technology can transform our world for the better. Pulsar ICO – it is this opportunity that combines modern cryptocurrency and blockchain technologies with classic venture capital.”