Pulsar is a popular Venture Capital firm that invests in early-stage tech startups involved with blockchain, crypto-currency, hardware, and IT. Now, the company is selling pulsar tokens that will allow it to invest in more tech startups that, according to Pulsar, will succeed.
The firm also acts as an Accelerator for the fledgling startups to help get them on their feet. The VC company will determine the success rate of a startup with aid from industry experts, analysts, insiders, and other tools.
Setting an Initial coin offering (ICO) cap at $30 million, Pulsar is set to take this Avante-garde approach to the next level. The ICO started on November 13 and will last a month. The firm is also giving out bonuses based on when purchasers buy the tokens. The first week, for example, will get you a bonus of 15%, but it will decrease with each passing week. In the fourth week, the bonus will fall down to 3%.
The minimum contribution that a prospective buyer is expected to make is 0.1 ETH (Ethereum), but they will also accept payments in Bitcoin. As for its preliminary token price, the ICO is set at $1 (USD). Of the $30 million collected, $1.75 million will go to previous team members and investors for their stake in Pulsar’s current portfolio of 29 companies.
Of the remaining funds, about 80% will be used for portfolio-related investments, 15% will be allocated to operational costs such as management fees, and the last 5% will be spent in ICO-related expenditure. This includes fees like bounty payment.
The Venture Capital has a presence in Europe, USA, and Asia with varying degrees. Its accelerator program has been ranked #1 by UBI global in Russia. The participants in the said crowd sale will be prescreened based on their country’s residence legislation, and regulations.
The liquid tokens will be open to trade publicly on the market. The purchasers can also participate in the profits that come with the ownership of the pulsars. The returns and dividends from their current portfolio of companies will be used to reclaim the tokens on the market.
The VC firm has its way of screening out the startups which lack a decent business plan. However, this move will allow the company to expand its portfolio to other fields which have so far eluded them. Thus far, their annual return per an average customer has been a whopping 158%. Their ROI (Return on Investment) is an incredible 921% from funding and investments in over 50 companies.
Their accelerator program is divided into three parts spread over several months. Pulsar VC selects about 10-15 startups a year of the 500+ companies that apply for the program. The selection process is based on their prototype, team, and a good business strategy.
Over the next several months, Accelerator programs invest and mentor the startups to ready them for the market. The PulsarICO completely rethinks the investment process and it remains to be seen if the market responds to it.