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"SAFE holders do not have any voting or information rights". With this kind of agreement, it's basically gambling since most info on start-ups is basically PR
by notfromhere 10y ago
"SAFE holders do not have any voting or information rights".
With this kind of agreement, it's basically gambling since most info on start-ups is basically PR fluff. At least public companies have to publish annual reports and real investors get information rights.
- crypto5 10y agoMost of the startups have negative cashflow anyway. Early investors invest into potential, idea, team, tech, know how, market share.