Hyperion Fund — Q2 2019 Report – Invictus Capital
Foreword
The brutal winter following the December 2017 peak shattered the dreams and lofty aspirations of many a cryptocurrency project. 2018 was indeed a challenging year for the cryptocurrency market — we had to face off against an influx of bad actors, the wildly negative public perception after the correction that took BTC to the low $3000 range and the rousing of the slow, traditional giants to the potential of decentralized currency.
But we survived. And your support for Hyperion, Invictus and our portfolio companies has been invaluable and highly appreciated. You are the reason that exposure to the opportunities early-stage venture capital can present are now accessible — no longer only to the select few able to write million-dollar cheques over lunch. What we are doing together is challenging the traditional financial system — a shift in power that we are all a part of.
Since the relative collapse of the ICO market, we have shifted to the time-proven approach of tranche-based equity stakes with hurdles based on company performance. This change in mandate has coincided with the re-negotiation of a number of our token positions to equity. This allows us to be properly aligned with the founding team and to participate in company performance without needing to force a token economy.
And for those that we feel have not lived up to their promises — we have held them accountable.
Institutional investment is flooding into the market and industry sentiment seems to be at a new high. Something is different this time around, though — industry events are much more poised and measured than the frenzied rush
we saw in late 2017. Start-ups have substance, shady advisors have largely disappeared, and almost all serious projects are raising equity funding. Crypto is growing up.
Venture capital is a game of home runs, not averages, and we have some serious home run potential. Quantfury and NOIA, our two largest positions, have performed exceptionally well. Since Quantfury’s public launch just
over six months ago they have managed to exceed $5bn in 30-day trade volume across their iOS and Android app offering. That’s billion with a B — 9 zeroes and a big deal. Dozens of upgrades and new features have been rolled out and their growth seems to be exponential.
Congratulations to Lev and the Quantfury team for their amazing
achievement so far — we are actively engaged in supporting the team and their ability to scale.
The rest of 2019 is set to be spectacularly interesting.
Please find the link to download the quarterly report here.
Kind regards,
Daniel Schwartzkopff,
CEO
Invictus Capital
Published at Mon, 15 Jul 2019 16:05:33 +0000
Bitcoin Pic Of The Moment
By Gamma Man on 2018-06-24 20:05:11
