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good afternoon everyone uh she said my name is greg i'm one of the founders of science uh
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there we go so science is uh in existing incubator better fun with about the just
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under two hundred million dollars on the management at this point across or multiple vehicles
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just like the last speaker we're running a securities offering for tokens so
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all that disclaimer language that says basically everything i'm going to say is only probable possible we expect we anticipate
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so if any of her friends are listening from the s. e. c. these are all forward looking statements
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uh so you know we're ultimately the leading from in los angeles that is attracting early stage is is is
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we get involved in the early stages with with the entrepreneur is we're looking to build something big
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uh over the last five years we founded this isn't actually actually outdated
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uh more than eighty companies uh we've created a more than
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two billion dollars and likely value you've raised almost forty million dollars
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in fall on investment for portfolio we've got five businesses acquired
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including the most and sort of most well known a dollar shape but which was
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acquired for a billion dollars cash by you know we were last year
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we've also so companies to google in your times among others were turned all
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of the capital for our initial investors uh in under four years
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and we're now starting a block chain incubator we've got a great team my co
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founders mike jones he's does your my space heater fan who probably half the
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people in this room know because isn't our job is to raise money uh
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and town there who's taken multiple companies public with the core exactly fifteen
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uh ultimately we've generated a repeatable process that allows us
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to work with both externally and internally generated companies
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so companies like dell or shape uh where we had an entrepreneur come to us was looking to grow a business
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uh that ultimately over the course of one half years we built with an a or companies like how society that
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result in your times uh where regenerated concert internally and then
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parted with the management team to actually grow it
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and we figured out how to identify the industries were interested in
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it and why is the exits the value people cost
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of doing these things and then decide whether or not this is a business we wanna be pursuing at all
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uh once we make that decision but yes we're gonna pursue it then we look for the talent the team the money how are we gonna finance it
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and then ultimately just test and refine into we figure out whether this is something that's going to be viable
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retail businesses for more often than we found them we've we've developed a data driven process where
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it is in in order processing every step of the way can be killed or we can go forward
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so great an idea we designed it media tested at the data back from it redesign test again
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and this is how we've been able to develop so many companies so quickly
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uh in a very short period of time with the relatively limited capital
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and as i mentioned before we attract the normal follow on investors to our companies
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so to walk through how does work from a a a very brief discussion of dollar shape well
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we identified in industry that we wanted to go into in this case e.
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commerce we looked at the different revenue models that we found attractive
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we hired team members as needed to actually help us uh evaluate the companies and then we evaluated dozens of them
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doing was one that stood out as an entrepreneur with particular gift and promise
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uh we negotiated a very preferred equity position in the company uh and then we paired
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with and actually build the business from the ground up from the very beginning
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uh as he scaled after your office he finally decided to move his
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team of twenty five out uh and they uh i decided to
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keep us on the border we remained on the board all the way through their transaction with your liver so we are
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sort of cradle to exit investors we don't run classes we don't run cohorts
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and now so so we're we've recently announced the creation of our block chain specific
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incubator so this will focus on block chain of watching enable businesses only
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everyone wants to know where the economics of like we have a very unique token structure uh that
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we're very excited about because it's nothing like this is ervin tried before much too
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our developers dismay when they have to actually create the talking to
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do this uh because because the incubator won't both equity and
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uh tokens in our startups are the holders of the science token will benefit from both of those value chains
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so whenever the incubator creates a portfolio company in
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that portfolio company has its own token sale
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seventy percent of all the tokens that are held by the incubator are automatically flowed out to the holders of the science token
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so we reward our investors where they are investors benefit from this potentially
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limitless future stream of tokens from all the portfolio companies we create
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and that's potentially limitless because we use the other thirty percent to sell
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on an as needed basis to continue to refresh the incubator
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so we've created an evergreen vehicle structure they can continue to flow out these tokens to the investors in the sign spoken
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but that's only half of the equation because on the other side we have the equity the incubator loans
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so when the next dollar shape club cells and the incubator owns
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a significant portion of equity we take seventy percent of that equity and
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use it to repurchase the size tokens in the open market
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so we're reducing supply potentially increasing price uh and that means that there is a ever
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shrinking supply of the science tokens that benefit from the future portfolio company token sales
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and the other thirty percent is retained by management so this is not our first rodeo in addition to building you know
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dozens and dozens of non block chain companies we've been involved in the space for the last four plus years
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uh most recently that's look more like investing in other i. c. e. o.s
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uh as we prepare for this and we've actually been running a trading desk uh to
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learn more about the ice young market internally into gets mark on the space
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and i have invested in in literally dozens if not hundreds of of icy isn't different tokens at this point
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so the companies that we are looking to build look like a lot of the things we've heard about today
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and we're pretty far down the road on several of these uh including vocalisation of asset backed securities
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uh we are fundamentally believers in the fact protocol layer that most of the money
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will be made protocol level and we have numerous uh companies or or uh
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numerous concepts we're incubating it already in that in that area
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uh and like we heard about in the last panel there's a distinct need for
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the services in its infrastructure for this asset class that does not yet exist
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uh and being you know alligators of other people's capital uh we
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are very much used to having those tools at our disposal
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uh we put together a great advisory board uh many of whom are
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here today or speaking today or uh or will if you're
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turning with us on the next at the key haven't into london i'm sure you'll see a lot of these faces around
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so in terms of the private sale it started last monday with a maximum of ninety
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nine us investors it's a two hundred fifty thousand dollar minimum rest of the
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world with no limit on the number of investors although to fifty thousand dollar minimum
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in the priest so there are no discounts no bonus and no bounty
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it is a securities offering and any of those things but it into ponce scheme landed none of us wanna look
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uh see what the inside of a jail cell looks like so we're there again no discounts
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no bonus no bounty the public sale starts in another two and a half weeks
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the minimums disappear unless you're paying with us dollars in which case there's still a twenty five thousand dollar minimum
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so if you wanna learn more please go to sign start talking about um
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yes this is a slide you wanna take a picture please uh or you can email
00:07:55
us assigns a token of that um and we have a very active telegram channel

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Conference program

Welcome and opening remarks
15 Sept. 2017 · 9:25 a.m.
446 views
Tokens Generation on the Blockchain
William Mougayar, General Partner, Virtual Capital Ventures
15 Sept. 2017 · 9:29 a.m.
145 views
Panel Discussion: Inside the Token Economy, moderated by David Wachsman
Alexander Bulkin, Ransu Salovaara, Dominic Zynis, John Quinn, Resp: Co-founder, CoinFund.io - CEO, TokenMarket - Co-founder, WINGS Foundation - Co-founder, Storj
15 Sept. 2017 · 9:54 a.m.
Swiss Finance in Transition
Olga Feldmeier, CEO, SMART VALOR
15 Sept. 2017 · 10:32 a.m.
Panel Discussion: IPO 2.0: How Blockchain is Disrupting Venture Capital and Investment Banking? Moderated by Marc Badertscher
Jamie Burke , Kenzi Wang, Eddy Travia, Richard Muirhead, Resp: Founder & CEO, Outlier Ventures - Managing Partner, Superbloom Capital - CEO, Coinsilium - General Partner, Open Ocean
15 Sept. 2017 · 11:19 a.m.
102 views
Panel Discussion: State of ICO Market – Cutting through the Hype, moderated by Daniel Haudenschild
Richard Kastelein, Daniel Zakrisson, Alexander Ivanov, Miko Matsumura, Resp: Co-founder, Cryptoassets Design Group - Co-founder, Cofound.it - CEO and founder, Waves Platform - Partner, Pantera Capital
15 Sept. 2017 · 11:54 a.m.
Fireside Chat: Investor Journey: from Bitcoin to VC. Moderated by Eric van der Kleij
Richard Moorhead, Olga Feldmeier, Charles Hoskinson, Resp: General Partner, Open Ocean - CEO, Smart Valor
15 Sept. 2017 · 1:42 p.m.
Pitch DomRaider
15 Sept. 2017 · 2:19 p.m.
Pitch Science
15 Sept. 2017 · 2:30 p.m.
Pitch Swapy / Credit Dreams
Edmilson Rodrigues, CEO
15 Sept. 2017 · 2:38 p.m.
Pitch Modex
15 Sept. 2017 · 2:45 p.m.
Pitch Etherisc
Stephan Karpischek
15 Sept. 2017 · 2:54 p.m.
Pitch RecordGram
15 Sept. 2017 · 3:02 p.m.
Pitch AION / NUCO
15 Sept. 2017 · 3:11 p.m.
Pitch BitBoost
15 Sept. 2017 · 4:14 p.m.
Pitch Sweetbridge
15 Sept. 2017 · 4:20 p.m.
Pitch Streamr
Henri Pihkala, CEO
15 Sept. 2017 · 4:29 p.m.
Pitch RightMesh
15 Sept. 2017 · 4:36 p.m.
Pitch Sun Exchange
15 Sept. 2017 · 4:44 p.m.
Pitch Papyrus
15 Sept. 2017 · 4:50 p.m.
PanelDiscussion ICO Best Practice, moderated by John Hacker
Nicolai Oster, Michael Terpin, Arie Y. Levy Cohen, Andreas Glarner, Resp: Head of ICO, Bitcoin Suisse - CEO, Transform Group - President, Blockhaus - Partner, MME Legal
15 Sept. 2017 · 5:03 p.m.
155 views
Investor Jury Announcement and Closing Remarks
Olga Feldmeier, CEO, SMART VALOR
15 Sept. 2017 · 5:50 p.m.

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