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Ratings Faba Invest

Grow Your (FABA) Venture Capital Token

FABA is a magic bean token that bridges startup community with the traditional venture capital market. Faba (FABA) financially supports companies with a positive impact on our environment, ecology, medicine, education... We connected venture capital with the crypto community in order to receive valuable feedback on the projects we aim to invest in and on the other side to get new project ideas from the community in order to be supported. There will be an application available for Faba token holders, which will enable to monitor our investments.

3.5
13 12 expert ratings
Benchy 4.3
KYC
Experts
3.4
3.5
2.9
View rating distribution
Ended
2018-04-18 - 2018-06-05
100 days 20 hours left
2018-06-06 - 2019-06-30
Token
FABA
Price
1 FABA = 1 USD
Bonus
Available
Bounty
MVP/Prototype
Platform
Accepting
ETH
Minimum investment
200 USD
Soft cap
4,000,000 USD
Hard cap
67,500,000 USD
Country
UK
Whitelist/KYC
KYC & Whitelist
Restricted areas
USA, China
Visit ICO website
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Ratings

All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more
Clemen Chiang
Ph.D. | CEO | FinTech in Stocks | Blockchain in Cryptos | Author of Amazon Best Sellers in Online Trading
Rated on Dec 14, 2018
Modified on Dec 28, 2018
3
3
3
10%

"Soft cap 4,000,000 USD
Hard cap 67,500,000 USD"

→ Big gap in soft versus hard cap?

→ Where is the use case of blockchain?

→ Is this a Security Token Offering?

Looking forward to the team's response with a view to review rating.

All the best!
~~~~~~~~~~~~~~~~
Alexander Nakonechny
ICO team member replied on 28 Dec 2018
Petr:
Hello Clemen,
thank you for nice feedback. Please find the answers to you questions below
Big Gap in soft versus hard cap?
We are tokenised VC, in this case the portfolio diversification plays important role in lowering the risk, therefore we set the gap to be able to increase the raised funds and achieve as highest diversification as possible. We also set the longer period because since achieving the soft cap we have already launched scouting and investing in prospective start ups before closing the ICO.
Where is the use case of Blockchain
The greatest contribution of blockchain we see in the liquidity of the token for our investors (in case of VC investments there is really limited liquidity as the classical VC funds are usually liquidated in period of 8 - 10 years), additionally through the tokens we are able to create community that is sharing with us the ideas, experience for new investments and current portfolio companies.
Is this a Security Offering?
Yes we are a security offering, because we will distribute the Ethereum dividends to the token holders, in case of success in exiting the portfolio companies.
Please do not hesitate to contact us on [email protected] We would be glad to answer your questions!
Team FABA
~~~~~~~~~~~~~~~~

Thank you for your prompt reply.

Basically, I am uncomfortable with this project being a STO. There are uncertainties ahead. In particular, which domicile are you based in? Have you received regulatory approval to proceed with STO?

Will review rating if there is new information.

All the best!

Agree
-3
-3Disagree
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Alexander NakonechnyICO team member replied on 25 Jan 2019
We are happy to have you as one of our reviewers.

The reason we choose the STO path is simple - our business model supports it. Like you already know, we are a VC company. Hence when we invest in projects at early stages, we intend to exit in profits at different exit time lines based on preset agreements. Therefore the dividends we realize from exiting each project will be shared among our investors as long as they hold on to our tokens.

We are officially registered in the UK, and our legal team has finalized the regulatory approvals for our STO. more details can be found here: https://register.fca.org.uk/ShPo_firmdetailsPage?id=0010X00004LbINPQA3

Also
Kyon Yoshihara
Direct Marketing Manager,ICO produce
Rated on Dec 11, 2018
3
3
3
8%

I think the concept of this project is interesting.
However, I did not feel much need to use crypto.
I would appreciate it if you can appeal the superiority of using crypto a bit more.

+9Agree
+8
-1Disagree
Report
Alexander NakonechnyICO team member replied on 4 Jan 2019
Hello Kyon!

The introduction of blockchain technology allows for the possibility of decentralized systems to thrive (involving the public) as we have never seen before. What this directly means is that activities, businesses or projects that use to be exclusive to wealthy investors and institutional investors, can now be within the reach of an average Joe (the public). Distributed ledger has made it possible for anyone to own a VC company like Faba Ltd. We're a 'community-owned' company.

With our STO model and a reduced minimum investment amount, anyone can invest in Faba. Investors will be able to share from the dividends realized from startups we choose to invest in. These dividends will be paid to investors in ETH/Faba tokens (depending on investors' choice) within seconds without any form of extra charges or unnecessary delays.

Second, another advantage of the use of blockchain is the fact that it allows us to keep a track record of all the projects Faba is invested in, giving our investors the opportunity to keep track of where their heard earned money is being invested into.

Lastly, the implementation of blockchain technology into our system will allow our investors to easily vote on the projects/startups they want us to put our funds into (after these listed projects have passed our preliminary screening). Investors can only vote for a project when they hold a certain amount of Faba tokens in their Faba wallet. And these votes will be recorded on the blockchain network.

Feel free to email us for more details: [email protected]

Thank you for rating us!
Irwin Chee
ICO Advisor | Blockchain Enthusiast | Venture Capitalist
Rated on Nov 20, 2018
Modified on Dec 3, 2018
4
4
3
8%

Team looks like it has the expertise to select projects that could be the next unicorn. I like how there is also emphasis on investing in companies of positive impact on the environment.
Took me awhile to really understand the business and hence whitepaper could be clearer.

Would like to see some companies and partners they have in board as their first few projects.

All in all an idea that has been running through the minds of many but can potentially have interest given a good and trustworthy team.

+5Agree
+3
-2Disagree
Report
Alexander NakonechnyICO team member replied on 4 Jan 2019
Hello Irwin so sorry for the late reply though.

As per our Whitepaper, we have taken the time to add additional information, and have made it more clearer for everyone to understand what we are trying to achieve at Faba Ltd.

As per companies we are already involved with you can find them in the company/partnership section of our website. Please note that we are either already equity holders of the listed companies or at the verge of closing an equity ownership deal. We'll be glad to provide additional information if you need us to. Feel free to write us here: [email protected]

We feel honoured that you took the time to review us and also gave us a positive rating. Thank you once again.
Yuichiro Okazoe
Yuichiro Okazoe
Rated on Dec 7, 2018
3
2
3
8%

What are the benefits for investors by possessing the tokens of this project? I have an image that seems to be more advantageous if I invest directly in a venture company.

+10Agree
+9
-1Disagree
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Alexander NakonechnyICO team member replied on 4 Jan 2019
Thanks for your question Yuichiro. I'm happy to let you know that Faba Ltd is a VC company registered in the UK.

As for the benefits of owning faba tokens - Investors of Faba Invest earn dividend upto 138% pa. This return is the most generous in any VC setting. Also, being a token holder allows investors the opportunity to vote for startups or project of their choice they want Faba Ltd to fund.

Feel free to take a look at our onepager and whitepaper for more details.

You can also contact us at [email protected], and will be happy to answer more of your questions. Thank You!
Krishnendu Chatterjee Ph.D.
Blockchain | Tokenization Strategist| Whitepaper|Tokenomics | BD| Fundraising
Rated on Nov 22, 2018
Modified on Dec 13, 2018
4
5
1
7%

White paper - The white paper is simple but sufficient. The business plan is solid and although it lacks some visual flair but it more than makes it up with a powerful idea (an idea at best though!). The investors don’t have enough to make an informed decision based on the whitepaper alone.

Team - The team composition is okey to begin with and has some nice mentors but lacks diversity.

Tokenomics - The tokenomics is simple but greedy! Having 48% for team and company is pretty greedy. They are talking of raising in excess of 80 million but not about soft cap. Quite strange indeed. They have mixed token allotment with funds allotment but although it’s easy for an ICO expert/ advisor/institutional investors but not so for normal crypto investors. I propose they revise it properly or get help for the same. A very confusing tokenomics!

Business Model - The business model is very clear. Once the ICO is over the tokens would be the currency in use inside the platform making the whole process transparent and profitable for investors.

MVP/ DApp/ Working Product  - No MVP/ Working Product. Just an idea as of now!!!

Updating Reviews w.r.t to following points from team members -
1. Added the softcap of USD 4M which is updated in FABA ICO Bench profile as well
2. Added investment focus slide
3. Updated and explained the token economics and funds distribution
4. Added slide explaining the growth and development of FABA Token Value

+2Agree
+2
Disagree
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Alexander NakonechnyICO team member replied on 4 Jan 2019
Thank you for your review! :)
Daryl Naidoo
Founder of Promethean Dynamics | Blockchain Advisory Council | Union of Crypto Advisors | Bitnation Ambassador | ICO Advisor | STO Advisor
Rated on Feb 5, 2019
Modified on Feb 5, 2019
4
5
5
7%

I actually like the vision of this project. Primarily because they seem to focus on financing social entrepreneurs and companies that have a greater vision than simply making profit. This is the kind of mentality that has been much needed in the venture capital space.

I've had a look a the team and FABA seems to be backed by a really strong collection of mentors, the only thing that does concern me a little is the size of the core team. I only see 5 core team members, 4 of whom are senior management. I don't see any technical or marketing resources on the core team.

None the less, I really hope this project takes off and they are able to implement their platform. I believe it could create some much needed disruption within the venture capital space

Agree
0
Disagree
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Alexander Mitrovich
Managing Partner, Usetech.com
Rated on Dec 3, 2018
3
3
2
6%

One critical issue is not addressed - why do investors need them (what is the value added). There are plenty of investment opportunities out there, I don't see much value created by this project. And yes, if there is no product whatsoever, so not much to rate there.

Agree
-2
-2Disagree
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Alexander NakonechnyICO team member replied on 4 Jan 2019
Thanks for your question Yuichiro. I'm happy to let you know that Faba Ltd is a VC company registered in the UK. As such we have the right to share dividends with our investors just like other VC firms do.

As for the benefits of owning faba tokens - Investors of Faba Invest earn dividend between 35% and upto 138% pa. This return is the most generous in any VC setting. Also, being a token holder allows investors the opportunity to vote for startups or projects of their choice that they want Faba Ltd to fund. In addition, we are a VC firm with a difference as we only go after projects and companies with positive impact on areas of environment, foodtech, biotech, education, AI, AR and the blockchain, etc.

Feel free to take a look at our onepager and whitepaper for more details. And don't hesitate to contact us at [email protected], and we will be happy to answer more of your questions. Thank You!
Doris Cornago
Account and Investor Relations Manager at Utopian Capital
Rated on Feb 1, 2019
Modified on Feb 1, 2019
3
4
3
5%

→ Blockchain Advantage - Good
→ White Paper - Good
→ Team Composition - Fair
→ Tokenomics - Needs Improvement
→ Business Model - Good
→ Social Media Presence - Needs Improvement
→ Collaborations & partnerships - Needs Improvement
→ Fund Allocation - Good
→ Legal Loopholes - Fair
→ MVP/ DApp/ Working Product  - Needs Improvement

You can maximize the potential of this product by using the best marketing team for spreading your vision. Mass adoption is the key to success, everything else is preparatory to the work ahead. Best Wishes.

Agree
0
Disagree
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Anthony Manfre
Founder TOTS
Rated on Nov 23, 2018
Modified on Feb 19, 2019
3
3
3
5%

Disclaimer: Rating and or commentary provided represents my own personal view and is not to be relied upon as advice. I am not a financial advisor nor am I registered in any jurisdiction with any financial services regulator. I provide no recommendations that any offering should be bought, sold or held. Before making financial decisions please undertake your own due diligence and consult a financial advisor.

Agree
-1
-1Disagree
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Gao Jie
Serial entrepreneur
Rated on Nov 21, 2018
4
3
2
5%

I did not see innovative solution with this project which just changes to raise money from individual investors instead of institutional investors, and they have no liability and responsibility for the investment.

- Team: CTO & CFO set up Faba in June 2017 & CEO joined in half a year ago, the CEO still a board member of another company, so I am not sure if he devoted to this project or just put his name on the list; Also background of CTO & CFO seems not very solid & sound for their position fromo the linkedin profile;
- Milestones: most of the parts are emphaziding ICO, but not talking about business innovation, tech development process, platform & APP built schedule...etc'
- MVP: When I clicked MVP,it redirected to website signup page, so I am not sure if anything realized already.
- Community: There are only 4607 members in the telegram group & it is not very active as well.

I am not very sure if blockchain can help this project to be successful, but if they operate as the tranditional VC, where are the added value investor can maxmizing their investment.

The team can reach to me if you not agree with above comments.

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-1
-1Disagree
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Alexander NakonechnyICO team member replied on 4 Jan 2019
Hello Gao! Thanks for your review. I'm so sorry that I'm just finding the time to reach out to you.

Faba's goal is simple - giving opportunity to all crypto enthusiasts to become a part owner of a VC startup. We are not really keen on attracting institutional investors. About liability and responsibility, Faba's core team members have invested hugely into the Faba project, and will stop at nothing to see it succeed.

Yes we have an MVP. And yes the sign up page is the page to our MVP! As a VC company, we have built a system that allow us to track our investors activities. And by the time we are done with real product (our dashboard), it will be linked to our chosen blockchain which will allow every member of the Faba ecosystem to monitor exactly how we are progressing per time. Second, our product (dashboard) will be the gateway for investors to vote for the project of their choice and results will be instant and transparent to all voters!

As per our community members, we have grown 2x over in size. We currently stand at over 11k community members. Feel free to drop by.

We intend to use the blockchain to implement the following - holders of our tokens will have the right to vote for the projects or companies that Faba Ltd will select for funding. Second, dividends will only be paid to those investors who hold their tokens within a given period of time. The tokens will be locked within the Faba platform using a smart contract. This activity coupled with the fact that dividend will also be paid in ETH. Also, investors will be able to track their investments on the blockchain through our dashboard (which is currently in MVP mode). The introduction of blockchain into a VC company lime Faba Ltd avails everyone the opportunity to monitor their investment progress in real time.

Feel free to take a look at our onepager and whitepaper for more details. You can also contact us at [email protected], and we will be happy to answer more of your questions. Thank You!
Vladyslav Antonov
Entrepreneur, Investor, ICO Analyst
Rated on Dec 6, 2018
Modified on Dec 6, 2018
3
2
2
5%

1. Overpriced token
2. Weak business model
3. Weak token economics
4. Not enough experienced team for international market
5. Too high risks
6. Using only ETH platform
7. Weak blockchain case

Agree
0
Disagree
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Alexander NakonechnyICO team member replied on 4 Jan 2019
Our token is not overpriced. We are conducting an STO. And investors will receive dividends for every dollar invested. And of course, the price of our tokens is obviously reflected in the total supply of tokens to be minted.

I do hope you actually took the time to go through our whitepaper and one pager documents. If you did, then it's pretty simple to spot that Faba Ltd is a VC company and our business model is obviously defined as such.

When you say weak token economics it's difficult to understand what you are saying as we already predefined how our tokens will be used within the platform. Feel free to ask a precise question about this, and we'll be happy to provide more details.

Our team members and mentors are global players in their various spheres of expertise. And their track record is obvious in their various LinkedIn profiles.

Being a VC company registered in the UK, we understand what it takes to stay profitable in the VC industry. If you took the time to go through our whitepaper, you will discover that we had our projections in terms of risks analysis and how we intend to stay profitable and overcome whatever risk level we may encounter.

At the moment we are using the ETH blockchain to service our token sales, in the future, we might likely switch to own blockchain or another blockchain if we discover that the ethereum blockchain might not meet all our needs.

Our blockchain use case is not weak. We intend to use the blockchain to implement the following - holders of our tokens will have the right to vote for the projects or companies that Faba Ltd will select for funding. Second, dividends will only be paid to those investors who hold their tokens within a given period of time. The tokens will be locked within the Faba platform using a smart contract. This activity coupled with the fact that dividend will also be paid in ETH. Also, investors will be able to track their investments on the blockchain through our dashboard (which is currently in MVP mode). The introduction of blockchain into a VC company lime Faba Ltd avails everyone the opportunity to monitor their investment progress in real time.
Ajit Kumar Jain
ICO and STO Legal and financial Advisor
Rated on Dec 31, 2018
4
5
4
5%

FABA is a magic bean token that bridges startup community with the traditional venture capital market. Faba (FABA) financially supports companies with a positive impact on our environment, ecology, medicine, education.

Agree
0
Disagree
Report
Alexander NakonechnyICO team member replied on 4 Jan 2019
Thanks for the kind review!
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4.3
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