To extend our runway until we're ready to raise a new round of institutional funding ($1.5m - $5m, planned mid-2019), we're raising a smaller stopgap round of up to $100k.
As SEC regulations cap the number of allowed non-accredited investors at 35, this is likely the only opportunity we'll ever be able to offer for individuals to become Cyph shareholders without joining as employees or waiting until we're publicly traded.
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Terms
Instrument: SAFE (
https://en.wikipedia.org/wiki/Simple_agreement_for_future_equity_(SAFE))
Discount: 30%
Cap: N/A