Faba opens the possibility of venture capital investment to ordinary people. This was accomplished by using the Ethereum blockchain and smart-contract technology, which is believed has tremendous potential in the years to come.
With the funds raised it is planned to support 150 startups in the Czech Republic, USA, and India. If there will be interesting startups with global potential in different countries, Faba will look to fund those as well. The main goal is to support and help talented people and bring their innovative ideas to life. Faba is very much aware of the fact that there are many unrealized ideas hidden in a forgotten drawer which can positively change the world and the lives of all of us.
The name Faba comes from Latin and means bean. The inspiration came from the fairy tale “Jack and the Beanstalk”. In the story, Jack trades in his old milking cow for three magic beans, which overnight grow up to the sky and lead to a new world. This is how Faba perceives a business idea. Jack, as the CEO, who has a great task in front of him, and the project, like the magic bean, that can grow fast and strong into a potential new world of corporations.
Faba is looking for a unicorn
Faba is looking for a Unicorn Faba invests primarily into people and their ideas because the original concept can change through the process. Companies do not only receive the financial support, but also acquire valuable knowledge from experienced Faba mentors. These mentors have a wealth of business experience and knowledge gained from running their own companies and successfully accomplishing their exits.
Faba collaborates with Jonathan Todd, who has been successful with three exits of his web projects on the global level, Lenka Love, who has helped many startups to succeed in their goals and many others
Faba pays extra attention to those projects that have a positive impact on the environment, education, medicine, projects that can save lives. Therefore, people who believe in their projects are strongly encouraged to sign up. To do so please go to fabainvest.com.
One example of the potential support is a support given to a young scientist living in Russia. The young scientist, who is 24 years of age, has created a cell that can be implanted into the human body which can detect cells that are susceptible to oncological diseases. Such an innovative form of cancer prevention can save many lives.
“Faba understands people who are beyond the horizon of common human comprehension.”
The company is now in the PRE ICO phase with the possibility to buy a token for $ 1 and receive a 40% bonus. ICO will finish at the end of June 2018. Anyone can acquire a share of the entire portfolio of startups that Faba decides to invest in and encourage on their way. In the near future, it is planned to develop and launch a mobile application through which FABA token holders will be able to track everything that is happening with their favorite startup(s). For those who would like to participate more actively in the company’s development, Faba has created the opportunity to earn voting rights so that you can inspire projects with your feedback and help to choose the best projects.
Faba token economics mechanics
In the first round of investment, Faba aims to support a maximum of 110 projects with the outlook of 11-17 successful projects that will reach an evaluation 10-30 times of the initial investment. The rest of the companies will break even and some will not make it at all. The first investment round has a time horizon of 8 years. In the first 4 years, Faba will concentrate on choosing the right projects while the following four years will be focused on exiting its investment portfolio of acquired equity shares.
Faba token has voting rights. Each holder of min. 2000 Faba tokens or more has a voting right and can have own input on short listed projects. We are preparing an interface where it is possible to insert new projects proposals and votes. Therefore, submitted viable projects approved by Faba team will be added to this network. Once the project gets a min. 10 % of positive votes out of the total Faba token holders, it is considered as pre-approved for funding. This is how projects get positive feedback from the market and Faba team is inspired when deciding on new investments. The time frame for application is one month, and each new project proposal is charged a symbolic processing fee. The application will also display projects already supported with a basic reporting scheme and a dedicated mentor. 7
Faba token model
Faba has decided to transform traditional venture capital into a modern blockchain system to make an investment through Faba token more accessible for non-accredited investors. The main goal is to receive more funding through accessible ICO process to support viable projects. Faba token substitutes business shares with a dividend right which is paid in ETH. The dividend is paid in the moment of the exit of the company, which Faba helped grow, or where Faba sells its equity to a strategic investor.
The liquidity of Faba token will be determined by listing on the stock exchange, where it is faster to sell for the investors compared to the nonpublic traded shares. The dividends are paid continuously throughout the course of the investment. It is not necessary to wait for the classical general board meeting, where dividends are paid once a year. Faba token holders vote to inspire start-ups with their valuable market feedback. On the other hand, people who believe in their projects are highly encouraged to apply.
- Robert Flocius CEO, Faba Invest
- Julia Zajacova CFO, Faba Invest
- Radek Zejda CSO, Faba Invest
- Zahar Deina ICO Advisor, Faba Invest
- Jan Mejzlik Lawyer, mentor Faba Invest
- Jonathan Todd Mentor, Faba Invest
- Lenka Love Mentor, Faba Invest
- Maksim Beliaev Ideamaker, Faba Invest
- William Jalloul Mentor, Faba Invest
- Alex Nakonechny CTO, Faba Invest
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