Investment Structure
Keep in mind that we are in the early stages of development, and as a result, various details throughout this document may change over time.

Disclaimer

Forward-looking statements generally relate to future events or our future performance. This includes, but is not limited to, thisapp's projected performance; the expected development of its business and projects; execution of its vision and growth strategy; and completion of projects that are currently underway, in development or otherwise under consideration. Forward-looking statements represent our management’s beliefs and assumptions only as of the date of this document. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks, which may cause actual performance and results in future periods to differ materially from any projections expressed or implied herein. Thisapp Inc. undertakes no obligation to update forward-looking statements. Although forward-looking statements are our best prediction at the time they are made, there can be no assurance that they will prove to be accurate, as actual results and future events could differ materially. The reader is cautioned not to place undue reliance on forward-looking statements.

SAFE Tranches & Equity Rounds

There will be two SAFE (post-money valuation cap) tranches leading into the priced seed round. Each tranche will have a higher investment cap. The tranches will unlock sequentially, with each subsequent tranche set at a higher post-money valuation cap than the last.
Once the tranches are closed, we will conduct a priced equity round. We are undertaking this strategy for three reasons:
  1. 1.
    Incentivize first movers.
  2. 2.
    Generate momentum leading into the priced seed round.
  3. 3.
    We are looking to expand our community of investors to broaden our hiring, fundraising, growth, and marketing reach. We will be targeting individuals, funds, and family offices with high eigenvector centrality (highly connected people across multiple networks).

Instrument: Equity/SAFE With A Warrant For Tokens

Equity/SAFE agreements are tried and true models as they create long-term alignment between the founders, the team, and investors.
The warrant for tokens ensures that we have no obligation to release a token. However, if we successfully build a decentralized network coordinated by a token, investors will receive their share of tokens relative to what the founders and the core team receive at the time of distribution.
Committing to a token upfront is often a distraction from the core goal of finding product-market fit. Having flexibility and room to iterate is fundamental to a start-up’s success. Pressure to release and launch tokens has led to disastrous & fraudulent ICOs.

Community Ownership Stake

Due to the reasons mentioned in the ownership economy, it is in the interest of the investors and the founding team to take on dilution from the community. Once we have successfully navigated the core requirements for progressive decentralization we will be ready to release tokens to the community.
The community allocation has specific implications on dilution & network valuation of the network. Click here to request the proposed cap table for a breakdown of ownership allocation between the team, investors, and the community.
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Disclaimer
SAFE Tranches & Equity Rounds
Instrument: Equity/SAFE With A Warrant For Tokens
Community Ownership Stake