Lightning Venture Fund I

The Liquid Token Fund offers our partners a differentiated risk/return profile when compared to the general digital assets asset market while avoiding exposure to leverage, ICOs, or counterparty risk. By following our own digital assets-native valuation frameworks to identify short-to-medium term dislocations in the digital assets market, we are able to provide both long and short exposure for our partners using proprietary Premo technology  & methods we have developed in-house over the last half decade. We utilize Premo, on-chain analytics, and tokenomics where we apply a first principles approach to invest in assets that have a clear product market fit and real world value(RWA) proposition as it relates to institutional adoption of the digital assets economy. We are activist investors through governance in our portfolio assets to drive long term value creation and keep our fingers on the pulse in this fast-paced emerging market. We maintain a close relationships with developers to understand the dynamic ecosystem of different tokens. The ultimate result is a safer and more effective exposure to the best digital assets have to offer, in real time.

FUND SUMMARY

Fund Size: $30M rolling close. $50M max

Target Investments: 10-20

CoInvest Fund Ratio: 2:1

First Close: 03/15/2023

Fund Life 10 years

Capital Allocation: 18 Months

Launch: Oct 2022

Management Fee: 2%

Performance Fee: 20%

Minimum: $250,000

Investor Requirement : Accredited Investor

Capital Calls: Monthly

Tax Reporting: K-1

OUR ADVANTAGE

GP Experience

+40

Years of Operator Experience

4

Founder Exits

+$120M

Capital Raised

GP Venture Investment Record

20

Investments

8

Exits including 1 IPO

20%

Blended IRR

FUND CHARACTERISTICS

1

Funding the Infrastructure of digital assets

Investing in the companies and teams that are soundly building the future of digital asset to give power and value back to digital asset users and improve the user experience including: Picks and Shovels, Projects and Protocols; Companies that institutionalize the digital asset ecosystem; Teams that will deliver value to users and improve the user experience.

2

Funding an unserved investment gap

Funding an unserved investment gap in the early stage digital asset space that exists between Seed and Series A. We invest between $500k to $5M.

3

2023 - Best Venture Vintage since 2003

The market conditions for 2023 Venture Funds so closely resemble the market conditions of 2003 which was the best ever venture capital vintage, before now.

4

Multiple Options for Liquidity & Distributions

Our strategy provides multiple options for liquidity and distributions, including; token issuance, strategic secondaries and M&A. We do not need IPOs to exit positions.

PORTFOLIO TEAM

Charles Hwang CFA, CPA

Chief Investment Officer

Charles Hwang is the Managing Member and Chief Investment Officer of Lightning Capital. The Fund is focused primarily on capitalizing on inefficiencies in the digital assetsasset market based on a proven methodology. Before founding the hedge fund, Mr. Hwang was a valuation consultant and a forensic accountant at Ernst & Young LLP. Prior to that, he worked as a Senior Equity Trader starting in May 2000. He is also an Adjunct at Baruch College teaching a course on blockchain and digital assetsassets. Mr. Hwang received his Master’s of Accountancy degree from the Baruch College and his B.S. in Economics from the University of Rochester. He is a Chartered Financial Analyst Charterholder (CFA) and a Certified Public Accountant (CPA).

Jason Albanese

Chief Executive Officer

Co-founder & CEO, Centric Digital Co-founder & CEO, Sage Secure Chapter Chair, YPO Manhattan BA Economics, Union College

Jock Percy PhD

Chief Technology Officer

Co-founder & CTO, FX Ecosystem VP Sharp Corp, BT, Acecomm PhD Economics, Canterbury, UCL

Augie Smith

Chief Data Officer

CTO, Centric DigitalCTO, CODAProduct, NewsCredAnalytics Director, Medialets

Amy Coveny

Head of Investor Relations

Managing Partner Quake CapitalGlobal Head of Audio, MGNI (Nasdaq)Sr. Director, Rubicon Project

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OUR OFFERING

Liquid Token

Long term venture capital growth investing in early stage blockchain protocols, projects, enterprise picks & shovels.

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Systematic Arbitrage & Yield

Very low risk strategies to produce reliable income from including mining, staking, yield farming, futures arbitrage.

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Venture Capital

Long term venture capital growth investing in early stage blockchain protocols, projects, enterprise picks & shovels

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