Risk factors

Private companies fail at high rates. An investment in any offering on the platform can result in the complete loss of invested capital, and no diligence record changes that.

Securities purchased in private offerings are illiquid. There is generally no secondary market, transfers are restricted by law and by the issuer's documents, and you should expect to hold to an exit that may never come.

Later financing rounds can dilute earlier investors, and the terms of later rounds can carry preferences that rank ahead of yours.

Financial models in offering materials are estimates prepared by the issuer. Actual results routinely differ, sometimes completely.

The Deal Box diligence standard is a documentation discipline. It does not mean an offering will succeed, and it is not a recommendation to invest.

Where offerings involve tokenized securities or digital assets, they carry additional technological, custodial, and regulatory risks, including evolving legal treatment.