Hello everyone
2020 has been active to say the least. KeaneVCC first would like to say how thankful we are for our health and hope that you and yours are safe and healthy. Please abide by the safest guidelines available in your area (masks, social distancing, etc.).
KeaneVCC is focused on providing our capital (investment, human, charitable) to companies and projects that we deem through our value system and experience improve life. The areas that KeaneVCC and its partners' capital are currently present in include Medical Therapy, Exploration, Technological Innovation, Climate Change, Education, Fintech, and revenue generating processes. Many of our capital disbursements are into companies that delve into more than one of these areas at the same time.
In the last six months, our charity has been able to gratefully send funding to Shriners Childrens Hospital of Chicago, Northeastern Illinois University, The Illinois PPE Network, and The Karen Beasley Turtle Hospital. Thanks to the wonderful work by partners KDK Fund and KDK Options, we have already sent these wonderful organizations 50 % more money than we did in all of last year.
On the education side, all of our investments are in companies where not only are they extremely knowledgeable in their industry, they are creating new products and processes that adds to the industry's educational content. Along with that, our charity has been able to make donations to Northeastern Illinois University.
On the medical side, KDK Fund has so far focused on providing financial capital to companies involved in DNA Therapeutics. Investments have been made in Crispr and Voyager Therapeutics. The Crispr investment was sold after a big move. The investment into Voyager is current and is expected to grow going forward. On the charitable side, KeaneVCC has also made donations to Shriner's Hospital of Chicago and the Illinois PPE Network. Our goal is to get everyone the care they need at the lowest cost possible. With the condition the medical industry is in right now, we know there is plenty of opportunity and work to do to accomplish this goal.
On the exploration side, KDK Fund has made an investment into Virgin Galactic. We are impressed by the company's great leadership with founder Richard Branson, and CEO Chamath Palihapatiya at the helm. Their executive and professional teams are highly qualified and inspired by the company's mission. Their level of cash flow continues to grow. The goal in this area is to assist in pushing humanity into areas of exploration so that learning and life improvement can take place. .
In terms of technical innovation, all of our investments are engaged in this process in one form or another. A new example is KDK Fund's investment into Social Capital's Hedosphia's II Fund, a blank check company (SPAC) looking to purchase a US based tech firm. Social Capital has a high success rate with US based tech and used a previous SPAC to purchase Virgin Galactic.
To start our way in the climate change area, KDK Fund first purchased a stake in Fuel Cell Energy. The company's stock shot up and the fund sold its stake. It now has an equity stake in Hannon Armstrong. It also holds an equity stake in Hive Blockchain, which primarily uses sustainable sources of energy to power their servers. Finding the best way to power our lives activities with the smallest carbon footprint is a goal of the company. We believe there is a great opportunity for investors like ourselves.
On the Fintech side, KDK Fund has made an investment into Hive Blockchain. It is a company that focuses on mining Bitcoin and Ethereum. We see transparency in the financial markets continuing its advancement and cryptoassets look to be a growing part of this movement.
Last but not least, we are working on improving revenue generating processes through trading options contracts at KDK Options. There are massive revenue generating opportunities within the options area and KDK Options expects to take full advantage.
We look forward to the rest of the year. Our partners and charitable ventures continue to move forward in various life improving ventures. We expect to continue to use the rest of the year to increase our monetary size in each investment area.
Thank you
** This blog is used for opinions and ideas and should not be used as a direction to act without doing your due diligence. As always, we are on Facebook, Twitter, and email through keanevcc@gmail.com**
