Idea

An end-to-end platform where investors can invest using tez in startups and can sign SAFT/SAFEs on the platform itself. This platform keep track of cap-table whenever a round closes and startups can also pay their employees and vendors in tez. One super app to invest, raise funds, maintain cap-table, manage cash-flow and payroll & accounting done on-chain.

Overview

A full stack web app that combines investing, fund-raising, cap-table maintenance, cash-flow management, and on-chain payroll and accounting. Investors can sign SAFT/SAFEs after both startup and investor agree on the proposal and these documents are securely uploaded on blockchain using IPFS.

Problems we are Solving

• Transactions based on USD and other currencies being centralised
• Agreements may be changed by a centralised authority for their own financial gain.
• Manipulation of accounts by hackers
• Companies have to maintain different payroll system for employee’s salaries

Features of IstaFund

• SAFT/SAFEs can be uploaded securely to blockchain with the help of Web3 Storage (IPFS).
• Authentication and Authorization of user (Company/Investor)
• Monitoring transactions on blockchain using Tez.
• Multiple startups listed under various industry categories
• Investors can submit proposals to different startups.
• Businesses can keep their payrolls up to date.

Tech Architecture

• Smart-Py (for Smart contract)
• Web3 Storage with IPFS (for Storing contract over blockchain)
• Tezos wallet (Temple Wallet, Taquito, Beacon-SDK)
• NextJS (for Frontend and Backend Development)
• Tailwind CSS/ Daisy UI (for Styling)
• Supabase (for Database)

Read-Only Docs (By Developer)

Roles:

• Investor
• Company
• Employee

Company

• Company Name
• Company Logo
• Company Valuation
• Company Found Year
• Team Size
• Location
• Description
• Website, Social links
• Industry/Category
• Cap Table
• Company’s Offer (Equity/Asked Investment/Extra requirements(optional)) -> Funding Type (Seed, Round A, Round B…)
• Wallet Address

Investor

• Investor Name
• Investor Image
• Designation
• Description
• Age / DOB
• Pocket me kitna paisa hai
• Interested company categories
• Email/Contact No. (Verified)
• Wallet Address

Pages:

• Landing Page - (Header / Services / Company Listing Carousel)
• Company Listing (Meeting Link/ Calendly)
• Individual Company Page
• Individual Investor Page
• Login/Signup
• Checkout Page (Contract/Deal/Transaction)
  • Agreement/T&C from Company
  • Active Offers (Accept/Reject) - Ek haath de ek haath le (Company has to upload Invoice/equity to smart contract, then if investor transaction is successful, documents are sent to investor)

Blockchain Stuff

Smart Contract Data Structure:

• Investment_count (number)
• Investment (hash-map: key:investment_count : value:investment_object)
• Wallet_address (default - investor)
• Wallet_address (company) - where amount is forwarded
• investor_ID
• company_ID
• transaction_amount
• transaction_hash
• Agreement_file_CID
• Agreement_file_name
• Metadata (object)

Transaction Workflow:

• Checking Wallet Balance for investor Account (Gas fees inclusive)
• Upload Signed Agreements to Web3.storage (Getting CID, and file_name)
• Transferring TEZ coins to the company address (Getting transaction hash) (Will try to integrate in smart contract itself to make it DeFi)
• Call Smart Contract to store the investment transaction.

Database Schema Design

User Schema
user with email / google login / Phone No. Auth (OTP) (May have to store in database))

• _id
• Email
• Password
• profile_id

Profile Schema

Investor: (as an individual / as a company)

• _id
• user_id
• Name
• Logo (img)
• Description
• Location
• Social_Links (website/linkedin/twitter)
• Designation
• Wallet_Address
• Interested_Category (ML/AI)
• Team_Members (only as a company)
• Current_Investment [Array… Comapny_name, Invested_Year, Total Funds, Equity)

Company:

• _id
• user_id
• Name
• Logo (img)
• Description
• Location
• Social_Links (website/linkedin/twitter)
• Founded_Year
• About_Company
• Team_Size
• Category (Dropdown)
• Total_Raise( tez )
• Want_to_Raise (tez )
• Wallet_Address
• Team_Members [Array… (img, name, company_name, linkedin, twitter)]

Cap Table Schema

Conversation Schema

• Investor_id
• Company_id
• Message [...Array, message_id ]
• Amount (tez)
• isActive = bool

Message Schema { title, description, type(optional), role (company/investor)}

Transaction History (Will get using Taquito)

Store Legal Documents on Firebase bucket (except signed ones -> IPFS via Web3.storage )