HACK: a Liquid Venture Capital Fund
HACK: a Liquid Venture Capital Fund is a company.
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Leadership Team
Key people at HACK: a Liquid Venture Capital Fund.
HACK: a Liquid Venture Capital Fund is a company.
Key people at HACK: a Liquid Venture Capital Fund.
Key people at HACK: a Liquid Venture Capital Fund.
HACK: a Liquid Venture Capital Fund is a blockchain-enabled venture fund launched by Hackers/Founders (H/F) to deliver accelerated liquidity to investors through tokenized investments in tech startups.[1][5][6] Its mission centers on disrupting traditional VC by using crypto and security tokens for early liquidity, while investing globally in cutting-edge technology companies across sectors like enterprise software, internet, Web3, DeFi, and infrastructure.[2][3][4][7] The fund's philosophy emphasizes growth-stage investments with operational support—such as business consulting, sales, marketing, and mentor access—having backed over 55 companies generating $600 million in valuation from 8 exits.[2] It impacts the startup ecosystem by pioneering "liquid" VC models, enabling secondary trading of fund stakes and providing founders quicker access to capital in illiquid markets.[1][6]
Founded in 2008 by Jonathan Nelson as part of Hackers/Founders (H/F), the HACK Fund initially operated as a traditional global VC with offices in tech hubs like Silicon Valley, Shanghai, Mexico City, and Dubai.[2][5] It evolved by integrating blockchain in the late 2010s, launching a tokenized, publicly traded closed-end fund structure where investments are quarterly valued by independent third parties, aiming to upend VC fee models and provide startup liquidity via crypto.[1][5][6] Key evolution included scaling to a $100 million tokenized pool and shifting focus toward Web3 and crypto-native deals, with high activity in 2018 and exits peaking in 2019; the related Hack VC entity, formed in 2017 by Ed Roman, further specialized in crypto/Web3 since 2014.[3][4][5]
HACK Fund rides the tokenization and Web3 trend, capitalizing on blockchain's promise for democratizing VC liquidity amid crypto market resurgence—evident in 2025 portfolio news like M0's $40M stablecoin raise and Movement Labs' $100M round.[1][7] Timing aligns with rising demand for restaking, privacy blockchains (e.g., Nillion Series A), and L1s for stablecoins, fueled by market forces like Bitcoin restaking on EigenLayer and Ethereum L2 launches.[7] It influences the ecosystem by proving tokenized funds can scale ($100M pool), reducing VC illiquidity barriers, and fostering crypto-native innovation in DeFi/infrastructure, bridging traditional tech (enterprise software) with decentralized finance.[4][6][7]
HACK Fund is poised to expand its tokenized model amid 2025's crypto heating up, with trends like stablecoin L1s, privacy tech, and tokenized assets (e.g., Dinari's L1 for stocks) shaping its path; expect more Series A/B leads in infrastructure/DeFi as markets mature.[7] Its influence may evolve toward "DTCC-like" tokenization infrastructure, amplifying liquidity for global VCs while leveraging community tools like Gigabrain Sessions. Tying back, this liquid pioneer continues transforming illiquid VC into accessible, blockchain-powered returns.[1][5][7]