I wonder if it would make sense at some point for VCs to make seed investments at infinite valuations -- that is, taking no equity at all -- in order to obtain information rights.  Even if there are no follow-on investment rights attached, having insider information on how well a startup is doing must be worth something...<p>(For legal and tax reasons I&#x27;m guessing the &quot;infinite&quot; valuation would instead need to merely be astronomically high; the point remains however that in an economic sense they would be buying information rights rather than shares.)