Risk Disclosure

Last updated: May 2026

Important: Investing in early-stage startups is highly speculative and involves substantial risk of loss, including the possible loss of your entire investment. Only invest money you can afford to lose completely.

1. Startup investment risk

The vast majority of startups fail. Even startups that appear to have strong traction may not succeed. You should assume there is a high probability that any startup you invest in will fail and you will lose your entire investment.

2. Liquidity risk

Secondary market liquidity is not guaranteed. There may be periods where you cannot sell your shares at any price, or only at a significant loss. Unlike listed stocks, there is no guarantee that a buyer will exist for your shares.

3. Regulatory risk

The regulatory environment for startup investment platforms is evolving rapidly. Changes in law or regulation could affect the Platform's ability to operate, the legality of your holdings, or your ability to receive returns.

4. Cryptocurrency risk

Deposits and withdrawals are processed in cryptocurrency. Crypto assets are highly volatile and may lose significant value rapidly. Network fees, delays, and technical issues may affect your transactions.

5. Platform risk

initPub itself is an early-stage platform. There is risk that the Platform ceases operations, experiences technical failures, or is subject to hacks or fraud, any of which could result in loss of your funds or shares.

6. Dilution risk

Startups may issue additional shares in follow-on offerings, which will dilute the percentage ownership of existing shareholders.

7. No investment advice

Nothing on this Platform constitutes investment advice. You should consult a qualified financial advisor before making investment decisions. Past performance of any startup or asset does not indicate future results.