Question 1

Hiii! Quick question, I'm new to all of this so apologies if these are questions one should already know. Okay so, is it 1 "share" per $100? And as a new investor, I am curious as to how we make profit? And lastly what does a $22,5M valuation cap mean?

Accepted Answer

For shares: the early bird terms are set at a company valuation cap of $22.5M. That means that for your investment you'd reserve a portion of the business relative to the total value of the company. Since we're raising the money on a SAFE, there's a small chance you could end up with more than that. An exact number of shares is TBD. You can learn about SAFEs from Wefunder here: https://wefunder.com/faq/securities And if you're new to investing, it might be worth doing a little research into d...

Question 2

So, like the last question, (but asking for actual details this time) is it 1 share per $100, or a share valued at what you put in at the time, or is it determined later by the amount of investors/ amount of total money invested? I'm going to invest either way but it would use...

Accepted Answer

It's a little tough to answer since we don't know exactly how much we'll end up raising. I tried a couple of ranges and it looks like something around $2 per share. The actual price of a share doesn't matter as much as the percent of total issued shares you would be buying and the total value of the company.

Question 3

Will the Igbo language be added in the future?

Accepted Answer

We're planning to add community tools that allow passionate members of our community to add languages that don't have enough general interest for us to create internally. So whether we add Igbo or not, there's a strong chance it will make it onto Fluyo eventually!

Question 4

So, referencing your answer to Jason Eichler, for example, if the price per share was $2, then my $100 investment would give me 50 shares?

Accepted Answer

Because of the way that SAFEs work, I can't really give you an exact number. Here's how the Wefunder team recommended explaining it: Like most early startups, Fluyo is selling a SAFE (Simple Agreement for Future Equity). Think of it like a promise — your investment will convert to shares in our first major equity funding round. When that happens, your SAFE will convert into shares at this valuation cap. Here's an example: say you invest $100 at $22.5M valuation cap. If the company raises at $...

Question 5

How do I know if I made it in the SAFEs investment time?

Accepted Answer

All of the investments will be in SAFEs, but the early birds will have a lower valuation cap. I'll check with the Wefunder support team on how to verify your terms.

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