The Fund is trying to get a $10,000,000 Sequence A Round.
SAN JOSE, Calif., May 25, 2021 /PRNewswire-PRWeb/ — Impressive Technology Fund I, a Skilled Chance Zone Fund launches and is trying to find accredited investors for Technologies and Actual Estate expenditure. The Fund is trying to get a $10,000,000 Sequence A round. Co-Standard Partner’s Dr. Mohan Ananda and Madan Menon will commit proceeds of the fund to motivate and establish up Option Zone Technological innovation companies and Serious Estate that are positioned in Opportunity Zones that concentration on higher-tech industries.
Ground breaking Technologies Fund is backed by knowledgeable startup and know-how executives who have developed and taken community quite a few businesses. We are trying to find Technological innovation firms providing exponential returns on investments that are created. The founders of the fund are powering several publicly traded companies and have the experience to discover and develop investments in the technological know-how house. The thesis of the fund is to establish, commit and nurture technological know-how providers in the buyer tech, AI, and enterprise technological know-how industries. The Fund’s mission is to regularly expand the value of the fund.
Modern Technologies Fund I Chance Zone Investment Targets
With ecommerce – the times of walking and browsing with your friends at the mall are far and couple in-amongst.
Frientap is developing out impressive and patented know-how in the consumer tech room. In present-day on line procuring world, individuals are confused with the options that are produced obtainable, the similar item can be purchased from several spots at distinctive charges. When you try out and browse testimonials, you are not confident if these critiques have been paid for or are legitimate and last of all, if you come across an astounding hidden gem of a solution, how do you get your buddies to obtain it? All these 3 form the underlying thesis of Frientap.
Frientap allows you to overview, react and transact on items that you like. This gives your buddies the capacity to give you write-up obtain validation as properly as create new channels of revenue for your favorite distributors and solutions. Frientap is placing “Social” back into commerce.
Professional medical treatment alternatives, as properly as diagnoses themselves, usually vary depending on the health practitioner. Further, misdiagnoses can final result in unnecessary therapies and even everyday living-altering outcomes. Scientists have identified that diagnostic mistakes account for just about 29% of all medical insurance coverage promises. Second View Specialist provides distinctive, a single-on-1, on-line, experienced diagnostic evaluations to clients throughout the United States. 2nd Opinion Expert’s proficient panel is comprised of hundreds of Medical professional Professionals with exemplary educational qualifications as very well as important individual treatment knowledge in all key diagnostic specialties and subspecialties. No extended do people looking for a trusted 2nd clinical advisory viewpoint need to have to journey, disrupt their lives, or count on physicians whose competence they may perhaps question.
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Qualified Prospect Zones
The Tax Cuts and Positions Act of 2017 created Certified Prospect Zones (“QOZs”) to supply perhaps substantial tax advantages to buyers who re-spend capital gains into extended-expression investments into communities selected for financial enhancement. There are more than 8,500 QOZs throughout all US states, Washington DC, and Puerto Rico. They supply investors the potential to positively effect communities battling to appeal to cash to create sustainable financial option for their communities.
QOZF Advantages to the Taxpayer/Investor
Taxpayers may defer paying tax on funds gains, if these types of capital gains are invested in a QOF, within 180 days from the obtain. The deferral interval ends the earlier of when the taxpayer sells its curiosity in the QOF or December 20, 2026.Investments held for 5 yrs prior to December 31, 2026 will also qualify for a 10% improve in the tax-payer’s tax foundation of the sum of the deferred achieve. Any taxpayer that retains its investment decision for a bare minimum of 10 a long time, can accomplish no capital obtain tax on the appreciation of its investment decision. Qualified Possibility Zone Money supply traders with a special tax-advantage Possibility Zone investments.
Dr. Mohan Ananda – Chief Executive Officer
Dr. Ananda was the founding Chairman, CEO, and President of Stamps.com (NASDAQ: STMP) and serves on its Board. Stamps.com is the primary provider of World wide web-based mostly mailing and shipping solutions and utilizes technology formulated by Dr. Ananda and protected by a selection of US patents. Dr. Ananda was instrumental in raising in excessive of $450 million of capital for the organization by means of private and public choices.
Dr. Ananda was also the founder and director of a European-primarily based Undertaking Capital Business, JAB Holdings Confined. Its capital was elevated via a public giving in the Goal of the London Stock Trade in the United Kingdom. Dr. Ananda was also a founder of Envestnet (NYSE: ENV), which is a main supplier of remedies to money advisors and establishments. Dr. Ananda has served as a Director on Envestnet’s Board for a quantity of several years. He is also the Chairman and CEO of Ananda Enterprises, Inc. a California Corporation that supplies technologies and administration consulting solutions.
Dr. Ananda has been a husband or wife in the legislation agency of Ananda & Krause, given that 1986. Dr. Ananda been given his B.S. diploma with Honors in Mechanical Engineering from Coimbatore Institute of Engineering, Coimbatore, India. He gained his MS degree in Aeronautics from California Institute of Technology, Pasadena, California. He also attained a Ph.D. from the College of California at Los Angeles in Astro-dynamics and Handle. He also obtained his legislation diploma, J.D. from the University of West Los Angeles and has been a member of the California Bar given that 1986.
Dr. Ananda has also labored for Jet Propulsion Laboratory, a NASA centre, and for the Aerospace Corporation, a consider tank for the US Air Power. Dr. Ananda was a principal architect for the growth of the Global Positioning Procedure (GPS) for the U.S. Section of Protection. Dr. Ananda is also the Chairman and CEO of Ananda Basis, Inc., a charitable corporation.
California Institute of Technologies (Caltech), M.S., Aeronautics, Jan-1967 – Jan-1968
College of California at Los Angeles (UCLA) PhD, Astro-Dynamics and Control Sep-1969 – Jan-1973
Coimbatore Institute of Know-how B.S. with Honors, Mechanical Engineering Jun-1962 -Mar-1967
College of West Los Angeles, JD, Regulation Mar-1981 – Dec-1984
Madan Menon – Director
At present, Madan is top Frientap Inc, a California headquartered Social Market startup. Madan brings around 17 a long time of startup and technology knowledge acquiring labored with enterprises and startups in many capacities. He set up, grew and exited an MSP centered on the SMB sector, he grew the corporation 300% year on 12 months, making certain around 95% repeat business. During his leadership, he grew the group, applied chopping edge assignments that saved customer’s in excess of 60% of their IT budgets and enhanced operational efficiencies. Immediately after advertising his startup, Madan joined Flowedge Economical Methods as their COO. Flowedge is a fintech company focused on proprietary trading in the derivatives current market. Below Madan incorporated devices and processes to be certain a sustainable growth with a aim on traceability and accountability, he developed and executed a development and production atmosphere that ensured a number of failovers that maximized the uptime to a in close proximity to 99.95%. In 2016 Madan set up http://www.testmyblood.in, to provide skilled residence collection of blood tests that are carried out by the lab of the patient’s selection. He was liable for info technology and units. He made a modular and scalable infrastructure and cell app.
Madan has an MBA in advertising and marketing & functions from Great Lakes Institute of Management, a leading B School in India. He holds a Bachelors in Physics and holds certificates in Marketing and advertising & Finance from The Wharton Faculty, University of Pennsylvania & Cybersecurity from NYU’s Tandon Faculty of Engineering.
The Fund: Progressive Know-how Fund I, Inc.
Standing: Open to Investors
Kind of Fund: Stock (Course A 1:1)
Asset Classification: Numerous Assets
Fund Emphasis: Ground breaking & Hi-Tech Corporations
Whole Fund: $15,000,000
Collection Spherical A: $10,000,000
Minimum amount Subscription: $100,000
Lively Opportunity Investments: 3
Fund Administration: OZ Invested
Anticipated Returns: 20%
For much more details, be sure to visit Ground breaking Technology Fund I
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