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by rm445
4930 days ago
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I believe it is a one-time $37 investment, not monthly. If I understood the discussion elsewhere in this thread, he states that the investment is a form that gets converted to $37 worth of shares at the next fundraising valuation. So if you raised venture capital at a million dollars valuation, he would own $37 worth of shares, which later if the company was sold for a billion would give the investor a cool $37,000. Basically he is trying to make a point rather than make big profits. |
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