[crypto5]

I think it is healthy strategy to dedicate 5-10% of investment portfolio to high risks investments like this, even for average investor.

[notfromhere]

"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]

Most of the startups have negative cashflow anyway. Early investors invest into potential, idea, team, tech, know how, market share.