Could you offer some possibilities why the price dropped from the initial offer price of 0.001BTC to 0.00015BTC, a whopping -85%? As an investor, it really pained my heart to see the price of such a good security dropping so much.

Are the major shareholders in any way related to Seedcoin? Were all the securities sold to Havelock investors for all 4 blocks? Were there any securities unsold to Havelock investors and later taken up by Seedcoin or entities related to Seedcoin?

Not only 'should (SF1) be valued' BTC .001 - it should have been valued much more... I am glad you see it now, it is unfortunate you or other forward-looking, perspicacious investors or traders did not buy SF1 units during the months its price was sitting at BTC.00015 per unit or even lower. I am not sure I follow this argument 'however they haven't invested in many startups' when we have been clear we have invested in 6 startups and recent stories in the media have mentioned third party investments of Venture Capital firms of $15m or $20m in one bitcoin startup (for example).