Draft — subject to legal and regulated-partner review. Not legally approved.
Investment Risk Disclosure
Investing in small private companies is high risk.
Version 0.1-draft · no effective date
You can lose all your money
Most early-stage companies fail. Only invest money you can afford to lose entirely.
Illiquidity
Shares in private companies are hard or impossible to sell. small.fund has no resale facility, and you may be unable to exit for many years or ever.
No guaranteed dividends or exits
Companies rarely pay dividends. A sale or listing may never happen.
Dilution
Later funding rounds can reduce your percentage ownership.
Limited information and valuation
Private companies disclose less information than listed ones. The price per card is not a market valuation or a guaranteed redemption amount.
Direct versus indirect ownership
Some offerings give shares directly in the company; others give an interest through a vehicle, or a SAFE or loan instead of shares. Read the offering documents to see which applies.
Issuer, intermediary and operational risk
The company, the partner or small.fund could fail, suffer errors or be disrupted.
Currency risk
Offerings are priced in US dollars (USD). If your own currency is different, exchange-rate changes affect what your investment is worth to you.
Not advice
Nothing on small.fund is investment advice or a recommendation.