what is the price per share

Hi Michael, This round is a SAFE (Simple Agreement for Future Equity). The price-per-share will be determined at the point of stock conversion when we raise our first equity round (Series A). Your conversion price is capped at $40M USD (+30% discount), so these early investors will get a great deal. More about how the SAFE works here: https://www.ycombinator.com/documents/#about

This will be my first time ever investing in anything period. I do not have a bunch of cash at my age and was wondering if you think $2000 would be a good start? I am extremely excited about this particular investment. Would you have any advice for a first old timer? I would b...

Hi Richard, I can't really advise on the ideal level of investment; that is a highly personalized concern that should be something you sort out based on your financial situation, risk tolerance, etc. If $2k is a comfortable amount to invest, that feels like a good starting point.

what if I invest only in "Investor Perks" $250 ?? Would it be OK ?

Hi, The minimum investment is $500.

The valuation cap on the appendices is listed as 36M, not 40M as is indicated on this page. Which is correct? Also, one of the appendices lists the discount as "70%", not 30% as listed here. Which is correct? Finally, are these the same investment terms as those that would be ...

Hi Erin, $36M was the early-bird special for the first $500K invested, which is long gone. It should now only show $40M. The discount is the same, just expressed differently. On the SAFE note the discount (which is 30%) is expressed as a percentage of 100, in this case 70. As in, your discounted price is 70 cents on the dollar. Six of one, half dozen of other situation. Finally, yes, those are the terms available to Daymond's private angel group. -Todd

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