Been doing some analysis on a pre-ipo equity deal today:

- Bitcoin ecosystem and infrastructure play

- getting same price as all funds received in 2024

- will be listed almost the day one invests

- a good chance it can perform akin to MSTR & MetaPlanet

- I am a big fan of some key co-investors

What I don't like:

- analog investing due diligence details (long pdf's with legals)

- the risk of a company in general

- the counter-parties you have to trust

- over engineering financially

- one's brain capacity or attention being lured away from elsewhere... (first world problem!)

Let's see if I am able to jump the last couple of DD hurdles

🙏