NIH Ventures, Snapcard Enable Bitcoin Owners to Tap Into Venture Capital
Chicago-based venture capital firm NIN Ventures has announced it will enable Bitcoin owners tap into venture capital through digital currency payment enabler Snapcard.
Bitcoin owners can invest in the NIN Ventures Technology (QP) Fund by signing up at nin.vc and verifying their accreditation. The next step is to complete the subscription documents, and select payment with SnapCard. Given the daily fluctuations in Bitcoin pricing, the settlement price will be based on the day of the initial / final close.
Nin Desai, CEO of NIN Ventures, commented:
By offering multiple alternatives, we are committed to making it easier for our investors to tap into venture capital. There are many vendors that accept Bitcoin and various places where Bitcoin owners can spend but NIN Ventures is a unique opportunity for them to invest.
Michael Dunworth, CEO of Snapcard, noted:
NIN Ventures is a trailblazer in its field and our aim at Snapcard is to make it easier for owners to use digital currencies, so the partnership just made sense. We believe Bitcoin can add great value to the investing process. Opening up new doors and industries for consumers to use Bitcoin is something we focus on, so we’re excited to bring this to the community.
Desai and Dunworth will be having an investor webinar on February 11th at 1pm CT via https://join.me/117-552-719 to discuss more about NIN Ventures, the fund, how to invest in the fund using SnapCard, and the investment process.
NIN Ventures allows accredited investors to invest from the web in a venture capital fund with a minimum investment of $100,000. The firm is willing to invest in financial services technology, education software, internet and digital media, mobile communication, cloud computing, 3-D printing, and other path-breaking technology companies in the United States.
Founded in 2013, SnapCard is focused to help bring liquidity to the digital currency community, and enables purchase and sale of Bitcoin, Dogecoin, Litecoin & Ripple. The company is headquartered in San Francisco, California with offices in Australia, and Canada.