State of the Art Risk Management Funding Web 3.0 Innovation
The Team
General Partners
Clint Evans
Clint is the Managing General Partner of Solomon Innovations Group, the manager of the Web3 Legacy Fund.
Clint has worked with companies in the service sector, medical and dental sectors, as well as the oil & gas sector. His broad technology experience informs him of the applicability of Web 3.0, distributed ledgers and tokenization in solving some of the inefficiencies in various industries.
He has provided technical training in digital and growth strategies, as well as SEO work for small businesses as well as corporate clients between $300 million and $800 million in annual sales.
The Problem
- Approximately 2/3 of all venture capital invests in 3 metro-regions.
- Entrepreneurs NOT in those communities struggle for funding and consequently, search for funding elsewhere.
- Economic benefits of innovation are NOT geographically distributed.
86 of the nation’s largest 100 metros have either seen their share of the national (digital service jobs) sector go sideways or actually shrink since 2010.
– Brookings Institute
Why Entrepreneurs Care
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Funding
Blockchain startup CEOs now have a defined, transparent path to funding and no longer have to pitch. Instead, they’ll complete an online application.
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Time
With a clear path to funding, entrepreneurs can dedicate more time to building their business and fostering relationships with those that care about their success rather than spend an exorbitant amount of time trying to entice investors.
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Access
Entrepreneurs should be visible to investors that care about the breakthrough technology they are creating. The Fund and its advisors can provide companies with best-in-class tools and hands-on mentoring so long as the companies maintain a commitment to transparency.
Why Community Leaders Care
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Transparency
Company specific and portfolio analytics to monitor execution and identify holdings that merit follow-on funding.
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Risk Management
An early-stage venture fund that genuinely manages portfolio risk using institutionally rigorous diversification and security selection strategies.
Fund Design White Paper -
Tax Efficiency
Optimize on existing tax laws that can lower the after-tax risks and render profits potentially tax-free.
Solution
The Web3 Legacy Fund is designed to mobilize enlightened capital for the biggest market disruptor of our time - Blockchain and Distributed Ledger Technologies. It will reward the innovators, while providing a transparent, meritocratic path to funding.
Branded Network of Funds
Scalable
The Legacy Funds will provide a technology platform (‘Venture-as-a-Service) and brand to license standardized, localized, venture funds around the country.
Turn Key for General Partner
Each licensed fund will leverage the cloud-based infrastructure of
- Fund Administration
- Investor Relations
- Company & Portfolio Analytics
and other resources to eliminate the burden of fund formation and management.
More Startups Supported
As a result, more investors all over the country can leverage the funding infrastructure to support innovation they care about. Providing more opportunity to more startups risk mitigated way.
SIFT® Method of Venture Portfolio Construction
Smart® IR
An expectation of proper transparency from startups seeking investment before funding, leveraging the research that confirms the link between transparency and startup performance.
Index Fund-like structure
Leveraging the research showing 100 companies equally weighted is the optimal seed fund structure.
Filtering
Rather than merely picking companies, we filter them for funding based on consistent, transparent milestones that de-risk the selection for the fund without adverse signals of over-weighting or under-weighting investments.
Tax Optimization
Inclusion of both QSB §1244 and §1202 to optimize the after-tax risks and returns.
Funding Portals
Technology Focus
As a blockchain itself, the Web3 Legacy Fund utilizes the transparent results delivered by AngelSpan to give investors metrics at the company and portfolio-levels, allowing for a significant increase in blockchain company investments.
Clear Funding Path
The Legacy Funds will present a transparent and efficient path to funding for entrepreneurs. The criteria to qualify for funding will be clearly outlined, thereby eliminating most of the subjectivity associated with current funding processes.
Transparent Results
The Web3 Legacy Fund uses AngelSpan’s investor reporting platform, which requires each company to provide monthly data on proven metrics. The longitudinal data lends to insights on key areas of the company and makes follow-on investment decisions easy. Investors have a front-row seat to real-time operating information on portfolio companies and are positioned to help propel their success in the blockchain economy.
