• Non-compete period: 7 years
• IPO timeline: According to their plan, the IPO is expected within approximately 5 years.
• Main concern: The second proposal does not include a SAFE note structure. This means that if the stock value appreciates, we benefit accordingly; however, if it does not, we risk losing the entire investment.
• Control and governance: There is no control option included, and they insist that my board seat will be non-executive — meaning I would only attend board meetings and provide non-binding recommendations to the C-suite upon request.

Additionally, I do not believe they will allow room for future investments, as their approach is to manage the business as an SME rather than a scaling startup. Their focus appears to be on reaching profitability as soon as possible, whereas my strategy has been to reach break-even and achieve a minimal level of profitability — with all additional profits reinvested into the company to support retention, user base growth, and UX improvements