Technology giants like Airbnb, Uber, Robinhood, and others owe their success to us, their users. But the majority of the value we create is captured by a few early venture capital investors. Imagine if instead of raising hundreds of millions of dollars from venture investors and spending that money on mass advertising, companies turned to their users and shared ownership and financial upside with them.
This is what we are doing. We have given early users of Linen App future equity in our company for free. As a result, more than 2,000 of our community members are becoming investors in Linen. From now on, Linen users and community members can invest in Linen alongside our VCs and we are launching our new deal soon!
Linen is a new type of investing app. Think of it as Wealthfront or Robinhood, but owned by its users!
Linen allows anyone to earn yield (passive income) on stablecoins such as USDC, DAI, USDT and most popular crypto assets such as Bitcoin, Ether and others. Unlike other crypto-investment apps, Linen allows users to earn and accumulate ownership tokens from other user-owned projects, including those in DeFi (Decentralized Finance).
🤖 Vitaly Bahachuk - ex-tech investment banker turned entrepreneur.
Writings: The Future of Crypto-Powered Finance and How We Get There Decentralized Finance (DeFi) in Layman’s Terms
👨💻 Alex Bazhanau - distributed systems engineer with background in advertising tech
Writings: Crypto Assets Self-Custody: Linen Wallet Primer
Vitaly and Alex became fascinated with crypto networks and incentive mechanisms in 2015 and haven’t left the rabbit hole since, even through up and down cycles.
💰 Raised $1.7m in VC funding
💪 Led by crypto and VC fund Polychain Capital
🏦 Other institutional investors: Coinbase, HashKey Capital, Youbi Capital, Wyre
👼 Angels: Max Machkasau (Google), Renat Khasanshyn (Altoros)
🦉Advisors: Robert Leshner (Compound Protocol), Renat Khasanshyn (Altoros)