Cornucopia: Privately-held Index Fund
A fund, dedicated to acquiring shares in private companies, ahead of their anticipated Initial Public Offering (IPO)
Co Founder and CEO
Carsten Klein has over 15 years' experience in the financial services industry with broad exposure to stocks, bonds, options, fixed income investments, and private equity. Carsten ran the office of Alexander Capital in New Jersey, assuming a supervisory role in sales for almost the entire duration of that time. The constant thread throughout Carsten's professional life has been the maintenance of his own retail business, catering mostly to high net worth individuals in the USA and internationally. This path led Carsten naturally to the birth of Cornucopia, a new and cutting-edge platform for providing outside-thebox ideas for forward-thinking investors. Carsten's invaluable proclivity to innovate endows Cornucopia with truly unique investment opportunities with the added benefit of disruptive technology that never fails to advance the best interests of those who possess HORN tokens.
Aside from being an avid soccer fan and player, Carsten likes to spend his time exploring the cryptocurrency markets.
Chief Investment Officer
Chris established his long and abundant career on the hardwood floors of the New York Stock Exchange. There, he served the larger Exchange community as a deeply engaged member and as a Floor Official, overseeing brokers' understanding of and compliance with trading regulations. He acted as a Registered Competitive Market Maker (RCMM), supplying bids and offers in active stocks as needed to dampen unusual news-related volatility.
The true hallmarks of Chris's NYSE career are expertise and leadership: he navigated many intense trading situations with calm professionalism as a Floor Broker for Raymond C. Forbes and Company. As President of C.J. Forbes LLC, Chris built a company from the ground up into a highly lucrative enterprise with dozens of employees and countless satisfied customers.
Chris is an accomplished guitarist of more than three decades
Chief Revenue Officer
Paul began his career at the New York Stock Exchange in 1990. His more than twenty-five years' experience in the financial investment industry includes working as a trader and RCMM for C.J. Forbes & Co., LLC, and holding the position of Managing Director at NYSE Specialist firms LaBranche & Co., LLC, and Henderson
Brothers, Inc. before LaBranche acquired it. At these companies, Paul's responsibilities primarily entailed matching institutional buyers and sellers as well as providing bids and offers to comprehensively resolve all public trading needs. These activities and their associated communication skills have given Paul an ability to identify and retain clients, and to build and maintain strategic alliances.
As a part of Cornucopia from its very first days, Paul is grateful for the opportunity to witness the growth
of such an exciting endeavor first-hand. Paul is a member of the Providence College Class of 1990. Whenever he takes a break from exploring the vibrant universe of blockchain-based projects, he enjoys writing books for young readers
Technology - Technical Architect
Paul has been involved with leading edge development for over 20 years and has been an early adopter of major advances in technology during this period. Specializing in the finance and insurance sectors, Paul has played a leading role in the defining and planning of complex secure systems, not only to serve current requirements but also ensuring future-proofing as businesses continue to develop and expand.
Paul has enjoyed a variety of technical roles including Project Management, Business Analysis and currently Chief Technical Architect, supported with extensive commercial experience with Agile, Paul has been instrumental in the success of many major projects. With the ability to understand complex requirements and simplify, be proactive and communicate efficiently during projects, this has given Paul an exceptional reputation in the industry.
Crypto Market Advisor and trading Advisor
Joseph Gelet is the author of Splitting Bits – Understanding Bitcoin and the Blockchain, and is the co-founder of Bloc10, a Blockchain FinTech development company. He has 20 years’ experience in the digital currency trading and programming industry. He holds Series 3 and 30 licenses and has managed as much as $40 Million as a regulated CTA with the NFA.
Capital Market Advisor
Joe began his career on Wall Street in 1999 as an investment banker at J.P. Morgan. Later, he joined Merrill Lynch, where he specialized in corporate finance, capital structure, and capital markets advisory and transaction execution. Following Merrill
Lynch, Joe joined Lazard Frères, where he played an instrumental role in building and expanding the capabilities of Lazard's global Corporate Finance & Capital Markets Advisory practice. In recent years, Joe has led entrepreneurial efforts to build advisory practices at Big Four firms and independently. He led the Capital Advisory practice in the U.S. for KPMG Corporate Finance, LLC, and founded and led the Capital Markets Advisory practice in the U.S. for Pricewaterhouse Coopers, LLP. Following those efforts, Joe continued his entrepreneurial pursuits, founding Essex Advisory Group, LLC, in 2016.
Joe comes to Cornucopia as a high-level, results driven professional with over 18 years of investment experience.
ICO - advisor
Christopher began his financial career over 14 years ago learning to trade equities and S&P futures to supplement his income during university. His ability to analyze opportunities and trade profitably allowed him the freedom to pursue a variety of entrepreneurial opportunities.
As the years progressed Christopher continued as an equities trader for a private investment group, trading over $20m at his discretion. After moving to Europe in 2010, Christopher continued his career as a buy side trade and acquisitions consultant for privately managed funds. In 2015 Christopher joined a leading group of technology and Internet infrastructure companies as the group’s CRO. Christopher cofounded Ignite Ratings in 2017 and completed its ICO in early 2018. The project is now live.
Christopher has a BA in Accounting and Finance from Saint Joseph’s University. When not working tirelessly in the office, Christopher enjoys water sports, extreme skiing, downhill mountain biking, and other adrenaline-fueled activities. Yes, we took out life insurance…
ICO - Advisor
Damon is a seasoned C-level executive and respected professional advisor in the
technology and start-up space. Damon is an English-qualified corporate lawyer,
specializing in M&A, intellectual property, regulatory affairs and technology law. Having
been at the forefront of the highly technical online gaming industry for many years, and having played a
significant role in its consolidation, Damon was appointed as General Counsel and Executive Director to
one of the world’s largest online gaming communities in 2013, and was instrumental in its sale to an
industry giant for a significant 8-figure sum. Most recently, Damon has served as COO to a leading group
of technology and Internet infrastructure companies, and CEO to one of its leading brands – successfully
growing the business from nothing to one of the largest within its industry in just 2 years. Damon has cofounded
Ignite Ratings in 2017. The company completed its ICO in early 2018.
Damon has a BA Honours degree in Business Management and Information technology from the
University of Manchester, and Postgraduate Diplomas in Law and Legal Practice from the University of
Law. Damon is most at home behind a Gibson Explorer, or the wheel of a race car.
Blockchain Security advisor
Pétur is a data protection and security expert with 18 years’ experience in advising corporations in the enterprise sector as well as government agencies.
Pétur focuses on market analytics and acts as a technical strategist for leading vendors in data protection and security fields on resiliency-related subjects.
Technical author, university lecturer and current Member of IBM´s Advisory Council, Pétur is one of only
80 “Certified Advanced Certified Security Master” worldwide.
- Crowdsale (80%)
- PARTNERS AND INCENTIVES (10%)
- TEAM (10%)
- Operational and development (50%)
- Marketing (20%)
- Business administration (10%)
- Infrastructure (10%)
- Legal / Licensing fees (10%)
Cost of the token1 token for 0.1 $
Price without discounts
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WHEN IS THE CROWDSALE PLANNED?
The Cornucopia ICO will launch on July 1st and will be live until July 30th.
DO YOU ACCEPT COMMUNITY MEMBERS FROM THE USA?
While the current legal situation with the USA is far from black and white, we have advice that Cornucopia is a Utility token, thus there is no compelling reason why Cornucopia should not accept contributions from US residents/citizens. We reserve the right to continually revisit our position.
WOULD HORN BE CLASSIFIED AS A “SECURITY”?
No, it should not be.
It is very important to note that Cornucopia is building a ratings and trade signals platform for the pre-IPO industry. At present pre-IPOs are not well reserched outside private venture capital analysts, thus there is a strong need to evaluate such opportunities. The income component generated by Cornucopia is designed purely to be an incentivisation mechanism which encourages HORN holders to continue to initiate and curate ratings on pre – IPO opportunities, and regulate the conduct of their peers via reputation management. HORN acts as proof of membership for a software platform that leverages a reward mechanism which, in turn, requires HORN holders to participate in order to achieve any gains for themselves.
We are advised that the element of participation and interaction required on the part of HORN holders further allows HORN to avoid classification as a security, pursuant to US securities laws, as it is much less likely to fail the “Howey Test”. This is due to the fact that the requirement for active participation on the part of each HORN holder considerably lessens any suggestion that an expectation of profits is dependent upon the actions and efforts of others.
Cornucopia utlises the Ignite RATINGS platform and places the burden of generating “profits” squarely into the hands of the HORN holders themselves, and there is no expectation of profits for those token holders who do not actively participate in the ratings process.
Please see our completed “Securities Law Framework” self-assessment checklist from IGNT for more information – this document has been produced as a result of an initiative between Coinbase, Coin Center, Union Square Ventures and Consensys.
DO I OWN A PART OF THE CORNUCOPIA INDEX?
The IPO index is an investment vehicle created by Cornucopia for the purposes of incentivize and aligning the interest of token holders. The pre IPO index itself is owned by Cornucopia, but we entrust its management to our community members and we reward them for its successes.
Cornucopia does not hold or manage any monies on behalf of third parties.
HOW DOES THE REWARDS MECHANISM WORK?
Cornucopia holders are eligible to participate in, and benefit from, the incentives created by the Cornucopia ecosystem.
Cornucopia is an entirely community-driven product, active participation is required on the part of the community to deploy capital from the index and realise trading gains.
In addition to income incentives, the pre-IPO index should also grow in value due to 30% of trading gains, and 100% of any distributions received from its holdings, being reinvested – so the earning power for HORN holders increases with each profitable trade, as the amount of deployable capital increases.
WHAT DO YOU DO TO PREVENT YOUR SYSTEMS FROM BEING MANIPULATED?
Cornucopia leverages the Ignite platform which has been built to ensure that any meaningful manipulation is not only technically difficult, but also entirely impractical and financially-limiting. The Ignite platform is one that is built on trust and peer review – within the community, an individual’s reputation goes a long way but, similarly, will only take them so far. As in the real world, reputation is earned, not given.
HOW DO YOU PREVENT “TRASH” RATINGS?
The answer is very simple…any community member’s ratings, submissions, contributions, content are subject to the review of any other community member – such that any user’s interaction is, itself, rated by the community. In this way members are responsible for moderating their own community and the quality of the ratings. In addition, members who continually submit low quality ratings (as assessed by their peers) will detrimentally affect their reputation score, to the point where they are no longer eligible to participate and have no impact on ratings. Members with lower reputation scores and/or who are less active on the will also have reduced income potential until such time as they start to submit quality reviews and ratings.
WHAT WILL THE ICO/CROWDSALE CONTRIBUTIONS BE USED FOR?
80% of the contributions will be used to seed the Cornucopia index. 20% of the contributions will be used for the day-to-day operations of Conucopia including continuing to build out new features on the platform and the continued source for allocations in exciting pre-IPO opportunities.
HOW ARE MY CONTRIBUTIONS SECURED?
As this is a USD based product, we will, at the closure of the ICO, liquidate our ETH position and move to USDT, while keeping sufficient funds in bank accounts to take advantage of pre-IPO opportunities. We believe in deploying capital as transparently as possible. As such, an internationally renowned professional services firm will be a mandatory signatory on our accounts. Funds which are not deployed in our wallets and/or on an exchange are kept in cold storage in a secure location.
WHEN WILL HORN BE LISTED ON EXCHANGES?
HORN is in discussions with several exchanges.